Skip to main content

The Investor's Advocate: Frienemies

 

Evaluating Friendships to Improve Your Financial Situation


Are your finances struggling due to your exposure to toxic relationships? And if so, what, if anything, can be done about it? These questions are addressed in a posting called "Are Toxic Relationships Keeping You From Your Financial Goals? (http://www.howtoinvestblog.net/2016/11/are-toxic-relationships-keeping-you.html ) by Anthony Rhodes, the owner of wealth management firm The Planning Perspective (www.theplanningperspective.com). It's an addition to his popular How To Invest blog  (www.howtoinvestblog.net).

"Sometimes it's difficult to honestly confront the correlation which exists between our finances and our friendships." he began. "Financially helping out others in their time of need is one of the traditional components of an established friendship." he explained. "But it's also important to make sure that those individuals are worthy of that friendship, and furthermore, worthy of that assistance." he added.

The post takes a look at a financial profile classification called a "Caretaker", and explains why individuals who are classified by this categorization are unable to notice toxic relationships.

"Our firm has identified six distinct financial classifications which we feel contributes to poor monetary habits." Mr. Rhodes continued. "Of them all, the Caretaker's condition is particularly difficult, because it's predicated on a distorted view of what friendships are supposed to be based on." he added. "But by understanding the basis of how this persona originates, those who fall within this grouping are able to arrive at a point of recognition, and the post provides them with the framework for doing so." he closed.

(Copyrighted material. Do not reproduce without permission.)

Comments

Popular posts from this blog

The Investor's Advocate: Flawed Successes

  A Glitch in Nature's Matrix Provides Golden Opportunities for Investors, and Everyone Else Is there a flaw written within the very coding of nature which makes it susceptible to exploitation? And if so, how can it be utilized to increase the performance of your investments? To find the answers, you should read a posting called "Rewarding Repetitions"  ( https://www.howtoinvestblog.net/2021/07/rewarding-repititions.html ) by Anthony Rhodes. It's a recent addition to his popular How To Invest blog ( www.howtoinvestblog.net ). Mr. Rhodes is the owner of wealth management firm The Planning Perspective ( www.theplanningperspective.com ). "In this particular case, Mother Nature may actually be a victim of her own success." he began. "Once nature discovers a method which proves to be successful, she, like all of her offspring, seeks to replicate it, and these replications can produce certain opportunities." he added. " But these opportunities onl

The Investor's Advocate: Spring Into Action

Using Warming Temperatures as Reminder to Remove Glacial Under Performers Within Your Portfolio Are you performing an analysis of your portfolio on a quarterly basis? And if not, why? This very important action could literally be the difference between its success or failure, so says Anthony Rhodes, the owner of wealth management firm The Planning Perspective ( www.theplanningperspective.com ), in a posting on his popular How To Invest blog  ( www.howtoinvestblog.net ) called "Is Your Portfolio in Need of Some Spring Cleaning, Too?"  ( https://www.howtoinvestblog.net/2016/11/is-your-portfolio-in-need-of-some.html ). "Like other facets of our lives, our investments should also be evaluated at least quarterly." he began. "In order to identify successes, and eliminate failures, such adjustments are essential, otherwise we run the risk of having perpetual under performers in our portfolios for extended amounts of time, which could actually prove disastrous."

The Investor's Advocate: Hibernation Nation

  A Stubborn Pandemic, Rising Inflation and Customary First Quarter Conditions Makes This Winter Season Unwelcoming to Say The Least...and Opportunistic   With both Omicron variant cases and prices for just about everything else on the upswing, are you looking forward to a winter comprised of burrowing yourself and family in the home until safer, less inflationary conditions eventually arise? Well, what if I told you that this environment may actually be ideal for a particular type of growth that will get you out of the house and mingling throughout the entire winter, and assisting in the growth of your portfolio while doing so? Would you be interested in learning more about it? If so, you should definitely read an essay entitled "A Financial Cure for The Post Holiday Blues" ( https://www.howtoinvestblog.net/2016/11/a-financial-cure-for-post-holiday-blues.html ). It's a post within Anthony Rhodes' popular How To Invest blog( www.howtoinvestblog.net ). Mr. Rhodes is t