Attitude of Gratitude and Money

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…How Gratitude is a Science and Money is a Result

Few of us associate money with gratitude. It’s true that there are people who have made a lot of money and rarely showed their gratitude for those that have helped them. But there are far more successful people who have done the complete opposite.

They know the power of expressing your gratitude to those who have helped you get where you are today. Showing people that we appreciate and respect everything they do for us, not only builds strong relationships but also helps us earn more and have greater successes.

Teaching our children about gratitude is one of the most important lessons we are responsible for as parents. The benefits of a child that develops a healthy attitude of gratitude are:

  • Increased happiness – by boosting the satisfaction and positive emotions your child feels throughout the experiences in their life.
  • Reduced anxiety – by building stronger relationships, your child will have close friends to rely on when things get tough and will have fewer feelings of helplessness.
  • Improved sleep – your child will feel more refreshed in the morning and will have consistently better sleep.
  • Increased health – less stress and anxiety, and more happiness to boost the immune system into full health

Gratitude and Financial Stress

It’s no secret that we all feel financially stressed at one time or another, and as your child takes on more financial responsibilities they will be no different. Teaching them to have gratitude in even the most stressed and resentful of times, equips them with resiliency and patience.
When we have trained ourselves to always be grateful for what we have, we encourage a deep-seated level of contentedness that helps us stay strong in good times and bad.

Tips to Maximize Gratitude

Gratitude isn’t something that we can accumulate overnight, in fact, it can be quite challenging to cultivate. Here’re our favorite five tips to build a long-term attitude of gratitude in your child.

Tip #1 – Keep a Gratitude Journal

Keeping a track of what you feel grateful for every day is a great way to build long-term gratitude. On days when you are feeling a little down, simply opening up your journal and reading about how great your life really is, can be very uplifting.
Daily entries are the best practice. Try listing five things you feel grateful for today, and then writing about your experiences. You don’t have to write a lot, in fact, shorter entries are usually more effective.

Tip #2 – Write a Letter

Taking the time out to personally thank someone for what they have done for you is a great experience, for both you and the receiver. Send a letter to your parent, teacher or best friend and tell them what you appreciate about them and how grateful you are.

Tip #3 – Choose Your Words Wisely

You are what you think and speak. Be very careful about what you say to yourself and to others. If you’re always telling yourself that you won’t make any money, or can’t get in front of the bills – then you’ll set yourself up for failure.

If you want to find out more about teaching your children to have an attitude of gratitude and money, then check out Fran Christie’s new book “101 Money Tips for Kids and Parents” here.

Treating Money with Respect

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…and how your relationship with you affects your money

Money plays a very integral part in our modern world, it’s true that you cannot do anything without interacting with money. Even a seemingly “free” trip to the beach involves a lot of transactions, whether you are aware of them or not.

Firstly, there’s the advertising that influences your chosen beach, the transport, lunch and the clothes you wear whilst there. Everything has a price tag associated with it. The important thing to keep in mind is that your relationship with yourself greatly influences your spending habits and earning potential.

What is Money?

Some people think money is just a currency, an exchange of value for one thing to get another. You exchange your time to earn a living, so you can buy food every day. But is that all money really is, an exchange of value between two people?

The straight answer is, no. You see, money is not just what it says it is worth on the bank note, it is worth much more than that. There are a whole lot of intangible things that come with money. The biggest of all of them is trust.

When someone exchanges money with you, the transaction is as much an exchange of trust as it is an exchange of value.
Money also represents a portion of time. We each spend part of our lives working to earn money, so the money that we make is a representation of time too.

Spending Habits

What we think about ourselves and those around us, has a huge influence on our spending habits. Teaching our children to respect money is a very powerful lesson to learn early in life. Children who respect money, develop responsible spending habits and save much more than people who don’t have the same respect.

Those who have little respect for money, value it lowly and spend it freely – often on silly items and worthless junk. Whereas, children who are taught to respect money will carefully weigh up their buying decisions before making a purchase.

Why Respect Your Money?

Every person or group of individuals who earn money are obligated to manage their money in such a way as to maximize the benefits they receive. If you are the primary beneficiary of your money and investments, then it is solely up to you to ensure your money is working hard for you.

No one else is going to make sure that you’ve got enough cash to put food on the table. So if you squander your money on useless things, then you’ll be left homeless and hungry.
Teaching our children at a young age to think about their retirement can pay huge dividends in later years when their small nest egg has grown exponentially.

Adopting a Respect for Money Attitude

To ensure your child learns to respect money and therefore manages their money well throughout their lives, here’re our top tips:

  • Set correct financial priorities
  • Create and track a budget
  • Put away for retirement
  • Create an investment strategy

If you want to find out more about teaching your children to treat money with respect, then check out Fran Christie’s new book “101 Money Tips for Kids and Parents” here.

How You Save the Small Money is How You Save the Big Money

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And Everything In Between

Trying to save money is not an easy task. Heck, there are so many things that we all need to pay for these days. The internet is open 24 hours every day of the year, and we can spend our cash faster than ever.

Sometimes it’s easy to find ourselves caught up in buying new shoes or electronics when our old ones are still working ok. Advertising and marketing are everywhere, on billboards, radios, television and even YouTube! We are constantly told to spend, spend spend!

How To Save Money Each Month

Saving money doesn’t have to be difficult, in fact, if you follow these simple tips you’ll be pleasantly surprised next month with a little extra in your bank account.

Tip #1 – Avoid Impulse Buys

Yes, we’ve all been guilty of it. We see something flashy on the TV and so pick up the phone to order our ‘free trial’. Then next thing we know we’re handing over or credit card details and buying a whole lot more than we intended.

If you’re prone to making impulse buys, then leave your credit card at home or hide it away for a rainy day. Studies have shown that buyers tend to spend twice as much at a vendor when they buy something using their credit card.

Another easy solution is to create a shopping list – and stick to it! That means only buying one item if you’ve only listed one on your list, ignore all those buy two get one three offers.

Tip #2 – Buy Groceries Monthly

The fewer trips you make to the store the better. Shopping malls are experts in increasing your spending money and getting you to buy even more than you had planned. So by going to the store less frequently you’ll be less likely to waste money on stuff you really don’t need.

Tip #3 – Price Matching

Almost every store will have a price matching policy. This means that you can save on extra trips to different stores by simply bringing in a catalog at your favorite store and having the manager price match their items to one of their competitors.

It’s good business for the manager because they still make the sale, and it’s good for you because you save on gas money and hassles.

Tip #4 – Avoid Eating Out

Eating out can be very expensive. If you bought lunch every day for a year you’d end up spending a little over $1,500. Bought lunches aren’t even that tasty! So take some time each day to prep your lunch for tomorrow and save a whole heap of cash.

Tip #5 – Buy Used Instead of New

New items come with a premium. You can end up paying almost double for a new item, compared to the same item that someone is reselling locally or online. For big ticket items, save hundreds by buying them second-hand.

Tip #6 – Pay Down High-Interest Debts

Yes, that means reducing your credit cards to zero. If you’re paying high interest on previous purchases then you’ve got a great big hole in your savings account. You’ll be far better off putting your savings into paying down expensive debt than keeping it in the bank.

If you want to find out more about teaching your children to save money as they get older, then check out Fran Christie’s debut book “101 Money Tips for Kids and Parents” here.

The Shocking Truth About Teens and Credit Cards

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And Why Teens are the Number 1 Target for Lenders

If you think getting your teenager a credit card will teach them how to be responsible with money – you’re far from the truth. Credit cards are a great way to create irresponsible spending habits early on in an adult’s life. And financial institutions are now targeting teenagers for this very reason.

The scary truth is that over 80% of graduating seniors have credit card debt before they even have a source of income! Media has so cleverly placed it in the minds of our teenagers that to be an adult requires three things: a driver’s license, mobile phone, and a credit card.

Allowing your teenager to take out a credit card before they can learn to manage their money responsibly is a recipe for disaster. The simple truth is that trying to teach your teenager financial responsibility by giving them a credit card, is akin to letting them sleep with a loaded gun under their pillow to teach them gun responsibility.

The only correct response to “Mum can I have a credit card?” is “No”. Followed by a discussion about the harmful effects of using credit instead of saving to buy the things you want. Unfortunately, teenagers with credit cards are all too common and peer pressure, as well as media influences, will be hard to combat over the long term.

In some cases taking out a joint credit card with your teenager is a viable halfway point. You’ll be able to see exactly what they are spending money on and guide them to making wise decisions.
College Party or Credit Party?

If you’ve visited a college in the last few years you’ll be familiar with the excessive confrontation of advertising for student credit cards. Recently two Oklahoma students committed suicide over their credit card debt, leaving the latest bill on their bed as they hung themselves in their room.

So many students get caught in the credit card trap that college dropouts are on the rise. Not because students aren’t making the grades, but because they need to service an out of control credit debt. One student, Alice, dropped out of college because she had to get a job to make the repayments on her $12,000 credit card debt.

She had been coaxed into taking out multiple credit cards in college to get a free T-Shirt, and had decided never to use the cards unless there was an emergency – but there was an emergency every other week.

When she dropped out of college to get a job, she not only had to make repayments on her credit cards, but also on her $25,000 student loan too. Now because she hadn’t finished her degree she was on minimum wage, and really struggling to pay back her debt.

The crazy truth is that a full 1 in 5 people who file for bankruptcy every year are college students. That means that 20% of college graduates started their lives out as financial failures.

Don’t let this become your child. Head to our website now to learn more about teaching your teenagers to manage their money, then check out Fran Christie’s debut book “101 Money Tips for Kids and Parents” here.

Your Money Personality

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…What is yours?

Do you constantly struggle to get ahead and pay the next lot of bills? Or maybe you’re someone that always has money in the bank for whenever you need it. When it comes to money there are four types of personalities that people either have or don’t have.

Depending on how you’ve been brought up and what habits you’ve learned along the way, determines just how well you’ll be able to handle your finances

Some of us were lucky enough to have learned good money management skills when we were younger and they’ve helped us stay afloat even in the toughest of times.

So what money personality profile do you fit?

The Hoarder

Hoarders hold onto every last penny that comes into their possession. What’s most important to them is security – and money makes them feel secure in themselves and their future. But no matter how much money a hoarder puts away, they’ll always hoard more.
There’s a constant fear of making one wrong move and losing it all – so they make buying decisions very slowly. Hoarders have a few common behaviours that make them stand out from other money personalities such as:

  • Sneaking snack foods and drinks into movie cinemas or stage shows
  • Regularly reviewing your bank account to see how much money you’ve managed to put away
  • Always being on the look-out for the next bargain
  • Wherever possible, buying the best value (cheapest) products possible                                       Hoarders can improve their financial future by loosening the reins a little bit every now and then. They need to learn to take some risks with their money in order to grow your capital faster.

The Spender

Feeling important because you can afford to buy things is what motivates spenders to splash their cash. Spenders feel loved, validated and happy when they are buying new things for themselves or others. The biggest spenders often seek out large purchases to signify their important and wealthy status amongst their friends. Spenders are easily spotted by:

  • Excessive quantities of clothing
  • Cupboards stuffed with appliances and knick knacks
  • Big showy gifts for friends at parties
  • Large houses and new cars
  • Multiple credit cards

Spenders need to set boundaries for how much they spend. Having a clear budget and sticking to it will help them manage their money better.

The Avoider

See no evil, hear no evil. That’s the approach of the avoider when it comes to managing their money. They have no idea how much is in their bank account and avoid talking about money with friends or family. Here’s how to spot an avoider:

  • They avoid discussing money
  • Piles of bills waiting to be paid
  • Rarely checks bills or invoices for errors
  • Pays bills late

If you avoid making decisions about money, you’ll need to change how you think about it. Start taking courses on how to manage your money and map out a budget so you know how much you should be spending each month.

The Money Monk

Money is the root of all evil – that’s what the money monk thinks. It’s a strong belief that is usually reinforced through religious faiths or political convictions. Here’s how a money monk behaves:

  • Shy away from raises
  • Avoid dealing with finances because you think it interferes with your moral values
  • Regularly donate extra cash to charities
  • Perform volunteer work frequently
  • Always give small change to the homeless and street performers

Money doesn’t have to be bad, after all, you use it to put a roof over your head and feed your family. To reduce the interference of money on your moral values create as many automatic processes to manage your money for you.

For ideas on how to save your money as a family, or ideas to earn some extra cash, check out           Fran Christie’s debut book “101 Money Tips for Kids and Parents” here.

Delayed Gratification

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Is a Key to Financial Success

Teaching children about delayed gratification is one of the pillars of lifelong financial success. People that can delay gratification are more successful in their chosen careers, relationships, finances and all areas of life.

The Stanford marshmallow experiment was a series of studies on delayed gratification in the late 1960s and early 1970s led by psychologist Walter Mischel, then a professor at Stanford University.

In these studies, a child was offered a choice between one small reward (a marshmallow) provided immediately or two small rewards (i.e., two marshmallows) if they waited for a short period, approximately 15 minutes, during which the tester left the room and then returned.

In follow-up studies, the researchers found that children who were able to wait longer for the preferred rewards tended to have better life outcomes, as measured by SAT scores, educational attainment, body mass index (BMI), and other life measures.

Should You Spend or Save Today?

Making this decision is the crux of delayed gratification. Should we buy what we want today, or hold off and buy it in a few months or years time? Well, there is no easy answer.
However, if you hold off from spending your cash today, you’ll be able to buy a bigger or better version next year. Of course, there are times when you really need to buy today and waiting until next year will be silly.

An example of this is when your car breaks down and you need it to get to work. Not getting a new car could mean losing your job and income. Compare this to buying a new car, because you think your current car is out-dated.

You’d be better off saving your money and waiting until you really need to make the purchase instead of splurging your cash today. Teaching children the importance of delaying certain purchases can be very powerful later in life.

How to Teach Delayed Gratification

Here are our tips to guide your lessons:

Tip #1 – Know What to Value

Learning the difference between a want and a must have, is the most important lesson in learning which purchases we should delay and which we shouldn’t.

Tip #2 – Clear Goals

Knowing where we want to get to and what we want to achieve will help direct where we spend our money. Having clear goals is a constant reminder to think carefully before spending our cash.

Tip #3 – Create a Plan

Having a budget in place that shows you what you need to earn and how much you’ll need to save to achieve your goals, can be very motivating.

Tip #4 – Define Your Priorities

Knowing what is important to you and what you want to achieve will help you prioritize your buying decisions and stick to your budgeting plan.

Tip #5 – Reward Yourself

Always delaying things you want can be very taxing, so sometimes it’s ok to have a day off and reward yourself for all your hard work. Just make sure you don’t go overboard, otherwise, all your hard work will be lost.

If you want to find out more about teaching your children about delayed gratification and money management, then check out Fran Christie’s debut book “101 Money Tips for Kids and Parents” here.

The Lost Art of Saving

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Why we spend more than we earn

Putting money aside for a rainy day is a thing of the past, but it wasn’t always so. As of April 2007 we officially entered an era of negative savings (-1.4% PA) – yes in our modern day, we actually spend more than we earn!

Back in 1982 the amount of money we each put away every pay check hit an all-time high of 18.5%. And for decades before that generation after generation have been saving an average of 10% – so what happened?

Well you could blame taxes, it’s true that the average tax rate has increased in recent years. If you lived and worked in 1973 you would expect to pay 18.43% of your income in taxes each year. But by 1999 you’d be forking out 23.9% from the same pay check.

Now before you go running out in protest of increased taxes consider your spending habits too. Back in the eighties it was pretty rare to hear of families buying things on consumer credit or taking out loans to buy new cars and take holidays. In fact less than 0.06% of our family income was spent on consumer debt.

Compare that to just 20 years later in 1999 when we were spending in excess of 1.34%. Now some of you may be thinking that’s not as much as taxes! But then there’s our other liabilities such as a few credit cards, car loans and mortgage repayments.

Again we see a huge increase in our spending habits from 1982 where we were spending 0.67% of our yearly income on liabilities to 1999 when it soared past 4.9%. And don’t make the mistake of thinking our spending habits changed in the new millennium, oh no – we kept on spending more and more!

Why Save 

It’s very tempting to get caught up in our fast paced world of constant upgrades and shiny new toys. Media is strongly geared towards making us feel inferior and degrading our self-esteem so we buy more and spend more time working harder to try and pay it off.

Yet it doesn’t matter how hard you work if you’re always spending more than you earn. Instead we need to stop spending and start saving. Having money left over in the bank after every pay check, not only provides security but also starts to work for us so we don’t have to.

Savings can earn a substantial sum of money over time and their earnings compound year after year – so what you earn this year will earn you even more money next year. Debt is always saddled with high interest rates that can quickly eat up your cash reserves.

Minimising your high interest debts not only improves your cash flow but will help you save even more in the future.

Teaching Our Kids

Saving should be something we learn to do from an early age. Trying to change bad habits once we move out of home is near on impossible. It pays huge dividends to teach your kids how to manage their money wisely.

One of the best ways to encourage children to save is to start a “savings-matching program”. Put simply for every dollar your child saves over a certain period of time you’ll match it. So if they save $50 over summer break you’ll add another $50 to their savings.

This teaches children that putting money away and holding back from spending every penny can have great rewards. And if more money doesn’t motivate them, then perhaps a trip to Disney World or the Zoo will.

If you’d like to learn more about teaching your kids to save, then check out Fran Christie’s debut book “101 Money Tips for Kids and Parents” here.

Teaching Kids About Giving Back

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And Why Today’s Children are More Selfish Than Ever

It’s an all too common picture – you have a few of your children’s friends over so they can play and explore together, but one of the kids just doesn’t want to share. Everything is his – and only his!
A fight breaks out over whose toy it really is and you’re in the middle trying to settle everyone down. It’s around the age of four that children discover the existence of “me” and “mine” and a child that never learns to share will have much bigger problems further in life.

It’s not just sharing toys that I’m talking about either. Sure that’ll help your child make more friends in the playground but it’s what happens once they start managing money that matters most.

You see, a child that has trouble sharing will have trouble giving back to their community. They won’t give donations to charity and they won’t spare any of their free time for a good cause.
Why is this important you may ask? Well giving back is an integral part of building a strong and supportive community. It’s the glue that binds people together and keeps society functioning as a whole, rather than individual parts.

Developing strong ethics about giving back is easy whilst your child is younger. It’s an activity that the whole family can enjoy together too. Something that will not only benefit your children but will bind the whole family together as one unit.

Here’s how your child can give back:

  • Go to museums, galleries, and other civil organizations and give donations for their efforts. You’ll enjoy a fun day of activities and feel good about supporting your local community.
  • Volunteer your time to make something, give something or do something for an organization. You can spend an afternoon planting trees, picking up litter or knitting a blanket for the homeless.
  • Share old toys and clothes rather than throwing them away. Other people less fortunate than you can buy them or will be given them by charity stores and thrift shops.
  • Collect donations to support an organization. The donations might be for your local church or religious group, a school team or to help raise funds for cancer research.
  • Join a scouts club and become part of a vibrant team of like-minded individuals who regularly give back to their local community. Being a part of a larger team helps you build strong friendships along the way too.

The world would be a much better place if we all took some time each week to help those less fortunate than us. It doesn’t matter how high and mighty we think we are, or how much money we make – each of us can afford to spare some time or money to help others.
If you’d like to find out more about teaching your children to give back and how to manage their money, then check out Fran Christie’s debut book “101 Money Tips for Kids and Parents” here.

The Dangerous Effects of Advertising on Youth

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… and Why Kids and Advertising Don’t Mix

Take a seat with your children in front of the television sometime, if you’re not already aware of just how much advertising is geared to kids then you’re in for a shock. What are the dangerous effects of advertising on youth? Not only are all the television shows riddled with product placements, but the advertising between skits is 100% targeted to young minds.

From lunchbox treats and new toys to family vacations to DisneyLand, every sellable second has been bought by a big business trying to hook your kids on their latest product. Marketers have long known that kids influence billions of dollars of spending each year, and they are directing more of their marketing to them every quarter.

Marketing to kids is big business, and millions of dollars of research have gone into ensuring everything that marketers do is highly effective.

How Marketers Target Our Kids:

  • Well-loved children’s characters on packaging
  • Toys bundled with products
  • Coloring in and drawing templates on or in packaging
  • Mazes and other games on packaging
  • Secret codes to unlock online games and prizes
  • Sponsored “free” children events

You’ve got plenty of need to be concerned with how much influence strangers are having over your children’s buying habits. Discussing marketing and advertising with your children is an important talk every parent should have.

Not only should you outline the differences between what is “promised” and “reality”, you should encourage responsible consumption and money management.

Today’s television advertisements are looking more and more like TV shows. They are running for longer, and have a more involved story line. It’s easy for young minds to mistake them for part of their favorite show.

There are a number of different types of advertising marketers use during children’s shows:

  • Wannabe ads – where everyone is having more fun because of a certain product
  • Famous people ads – if the world’s best basket ball player uses this brand then so should you!
  • Cozy ads – make you feel happy and safe inside, these ads really appeal to children who feel detached from their parents
  • Fact ads – scientifically proven, and 9 out of 10 doctors agree you’ll make big business a lot of money if you buy this product …
  • One-time offers – playing on scarcity these ads encourage viewers to rush out and buy it before it runs out!

Given the constant harassment of advertising messages all day long, it’s no wonder children are influencing buying decisions. It’s important to remind children that advertising doesn’t always live up to what it claims to be.

Many poor quality products are sold by the millions because marketers got the message right to the right people – kids. Learning to responsibly use your money is part of growing up and needs to be an ongoing lesson in today’s chaotic world of advertising.

If you want to find out more about teaching your children to see through advertising smoke screens and be wise with their cash, then check out Fran Christie’s debut book “101 Money Tips for Kids and Parents” here.

Birds of A Feather Flock Together

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Birds of A Feather Flock Together – You are Who You Hang With

You don’t have to be a social scientist to get that people like to hang out with those who they share common interests with. In some ways, we never leave our high school cafeterias where the jocks sat at the table with the jocks, the cheerleaders with the cheerleaders, and the AV Club nerds with the AV club nerds.

In adulthood, the groups and settings change a bit but, in the end, we find moms hanging with other moms, millionaires hanging with other millionaires, and golfers hanging with other golfers. Heck, if you go to the right places, you can even find losers hanging with other losers. The people you choose to surround yourself with says a lot about who you are.

Like-minded folk hanging together is a good thing overall. Why not enjoy the company of people who speak your language and share your interests and values? There is nothing more natural. That is, there is nothing more natural until you decide to make a change.

The hardest place to try to change is in the middle of a group who were comfortable with you the way you were before you decided to change. A reality in the universe is that the only constant is change and few people like that change. Change is so traumatic to some that there are whole industries built around helping corporations navigate its rough waters. We all like comfort and predictability much more than change. That’s why you sometimes find it so hard to make significant changes in your own life. The allure of your comfort zone can be strong. It’s like the gravitational pull of comfort traps you

Messing with Peoples’ Comfort Zones

When you finally decide to escape your comfort zone in favor of a more positive change, you can’t forget there are other people sharing part of that comfort zone with you. Family, friends, business associates know you one way. Now, you suddenly want to be another way.

Disrupting your comfort zone may also be disrupting theirs. Your change could possibly send your whole network of important others into a tailspin. Will they try to prevent from doing that to protect their own zone? Would they perhaps even try to sabotage your success? It’s certainly something to watch for.

Peer pressure

And let’s not forget about peer pressure. It’s not just for kids anymore. Keeping up with the Jones’s is a powerful motivator in many lives. What if your best friends are those who enjoy extravagant and costly nights on the town and you suddenly decide that you have better places to put your money? Will it be hard to hear about the latest play, concert or club at the water cooler? It sounded like they had such a great time. What about when they urge you to come along “just this once – it’s not that expensive”? Will they tempt you to put it on a credit card that you will have to pay dearly for later?

Tough decisions

Making changes can mean making some tough decisions. Sometimes, it even means deciding to leave some people behind. You can’t have too many friends, but sometimes you need to leave friends who get in the way of important changes. Remember you’re with these people because of shared interests. But maybe your change has also changed your interests. Maybe it’s time to find new people to share your friendship with.

Perhaps, you will be the agent of change for a whole group. Think family here. You don’t want to leave your family behind. Maybe you are the game changer for your family or your group of friends. (Leading by example rather than lecturing is the better method of being a change agent with other adults.)

Sometimes change can be tough and lonely. You often have to go it alone for a while until you make different friends or your old friends adapt to your change – if they can. You need to be brave and committed to your change during these times. Take heart. It always gets better.

Here are some questions you might ask yourself when things tough during change:

  • Will I be happier if I maintain my resolve?
  • What am I gaining by maintaining my decision to change?
  • Will my family be better off if I hang in there?
  • Wouldn’t real friends celebrate my well-being rather than discourage my growth?

They say that doing the same thing over and again and expecting different results defines insanity. Well, beyond a doubt, it defines delusion. It’s a fantasy to think that you can stay in the same spheres of influence and expect your life to be different. In so many ways you are who you hang with. When you consider changing your money lifestyle, you may also have to make some hard decisions about the company you keep.