Well, hopefully in my case I’ve managed to learn a few things and actually apply some of this experience. When it comes to money, as you know if you visit here regularly, I love sharing my own lessons learned and experiences as they relate to money. Some things are through my life, and I’ve made enough of my own to learn from 🙂 Of course other learnings have come by observing different people other than myself.
Either way, it comes down to keeping an open mind and embracing continuous learning in order to grow.
Along those lines, one of the things I’ve come to believe is that our success in one area of life can truly impact other areas of life. It really seems as though health, wealth, and relationships are interrelated In other words:
- Health impacts wealth
- Wealth impacts health
- Health impacts relationships
- Relationships impact health
- Wealth impacts relationships
- Relationships impact wealth
You get the idea. I’ve written about this in a prior post, with a simple diagram that illustrates how these factors impact each other.
Lately I’ve been thinking about the 6th bullet above: relationships and wealth. Really, this is something that makes a lot of sense when you really think about it.
Here are 3 examples of how relationships can impact wealth:
It’s sometimes said that what’s most important is not necessarily what you know, but who you know. While I don’t think that’s always the case, it sure does apply to many situations. In a lot of cases, it can help a person with his or her career.
For example, let’s say two people are equally qualifies to get hired for a new job. However, one person knows somebody in the company who can vouch for her, and the other has no personal contacts. If you were hiring manager, wouldn’t that potentially tip the scales in the first candidate’s favor?
Going further, what if you actually knew the first person? Well, in that case she’s even more of a known commodity. Thus, she has a bigger advantage.
Of course, this is assuming that the person without contacts in that company will even find out about the job opening. Some positions aren’t highly promoted via advertisements or posting, and even if they are it helps to have an advocate for you ahead of time.
In terms of personal relationships, whether we like it or not, money can be intertwined in our life. One example would be the choice of who to marry. By this I mean that while marrying for money is shortsighted, marrying someone with very bad financial habits (no control over spending, no interest in saving, etc.) can directly impact your life. Beyond this, people that divorce end up – in many situations –worse off.
There could be other benefits or drawbacks to our personal relationships to other people. Some people might be very kind and help us in a time of need. Generosity is a good thing, and anybody can truly be generous. Of course, there are some money extractors out there too, so it goes both ways.
I don’t know about you, but I seem to get smarter the more I interact with intelligent people. Sounds funny, but I think there is something to that saying that we are like the average of the five closest people to us. Some of this can apply to knowledge of products, services, and other purchases.
For example, if you’re going to get work done on your car, it helps to have someone give you a recommendation based on great service they got in the past. Another example might be if you were considering buying a home in a certain area, it would be great to know someone with insider knowledge on the neighborhood, future retail construction in the area, school district changes, or other pertinent information that could impact your ultimate satisfaction with your purchase (as well as resale value).
Here’s an offbeat example: this past autumn I was getting my haircut, and was making small talk with the lady cutting my hair regarding seasonal fall traditions. I mentioned that we always go to a specific place for apple picking, and she told me of a place that I’d never heard of but was much better and about one-third the cost. Had I not been open to a friendly conversation, and instead just sat quietly uninterested in other person, I would have spent around $50 more and not discovered a fun place for the family to visit.
You get the idea. Quality relationships and knowing people, even casual acquaintances, can help us make better purchases and save money and/or get better value for our money spent.
The Bottom Line: relationships can impact our finances. If we’re generous ourselves, and spend time with positively-oriented people, our finances can truly benefit in some direct and many indirect ways.
My Questions for You
Do you ever think of things in this way, that one aspect of life can impact other aspects of your life?
Do you believe that relationships can impact your finances?