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Author Topic: Do You Discuss Money With Friends?  (Read 2037 times)
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December 25, 2024, 01:12:19 PM
 #141

No, I don't like to discuss personal finance, how much I earn from crypto or how much investment I make, too detailed even my own family I won't tell, those people will change when they know the amount of our personal assets, whether they will be evil or good, money is sensitive. However, when talking about opportunities, businesses related to crypto or others, yes I often discuss it, getting insight can come from anywhere, the most important thing is that the person or our friend is on the same path with the same interests.

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December 25, 2024, 02:11:29 PM
 #142

Of course I talk about everything with close friends. I've told almost all of my old school friends about Bitcoin in the past 12 years. In the early days, I used to tell them much more excitedly, I'd explain what Bitcoin is based on, how it works etc., now I don't need to because everyone has learned about cryptocurrencies already. I don't talk about Bitcoin in the presence of acquaintances, it's not safe. But I talk about the economy with my close friends all the time.
We do really have that close friends when we are still young until we do gets old on which it comes into a point that you will be having that kind of confidence on sharing up everything that you do and what you are involving into on which this is really that a very common aspect for anyone who do have this kind of approach on which at the moment that you are earning money then you do share up with those things not unless if you are selfish on which we know that there are certain individuals that doesnt really like to share up some opportunities into other people because they dont really like that they will be overtaken by their friends in terms of making money. This is why this will really be that a situational thing since not all will be sharing up these kind of situation and not all friends will really be that happy for you.

For me then there's always that limitation on which at the time that we do speak about money because we do know that money could also break relationship specially if you do make out some sharing but turned out to be a misunderstanding in the end because the didnt really expect that they have lost money instead of earning. We do know that money is precious and it could break up friendship or even family relationship at the moment that it do involves money and this is why its better that be silent and mind your own business but its not really that bad to share up atleast if you do have some opportunities.

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December 25, 2024, 02:14:18 PM
 #143

We don't discuss our crypto holdings with friends, do you talk about money as an alternative instead? What I mean is like, talk about what you are doing, your side hustles and how much you're making from it. Is this something you and your friends are open about, or do you typically stick to safer topics like sports and politics? If you don't discuss money, why not? And if you do, how much are you comfortable sharing?"

Well, of course, I discuss finances and earnings with my friends, because they are the same fans of cryptocurrencies as I am! We are all interested in who found new projects for investment, who did not guess with technical analysis and suffered losses in trading. All these are lively topics and we are really interested in discussing these useful topics rather than cracking about games and movies, which essentially do not change the number on the balance. But a good deposit is happiness in the fate of any investor.

 
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December 25, 2024, 07:54:23 PM
 #144

Apart from hiding something more private from friends, it also makes them feel inferior because of financial limitations, so discussing simpler and more interesting topics is better than making friends feel inferior because of their limitations. I prefer to treat them with the profits of Bitcoin investment rather than telling them about my long investment journey. At times, they asked me questions, but I chose to give answers about the risks that can arise from Bitcoin investment instead of telling them about the potential profits that can be obtained. When they are ready to face various risks, I will guide them slowly.

No one would feel inferior if you didn't show up or talk about your financial status and situation. If you treat them with the profits you get and then don't do it after some time, that will surely have its consequences, but if you don't discuss your finances at all or let them know that you are into cryptocurrencies and are earning profits, they won't feel anything.

There is nothing wrong with discussing cryptocurrencies or other things in the sense of sharing knowledge with each other, but they shouldn't know that you have invested in them, are earning money, and have crypto assets. People often trust their friends with such things, but sometimes, you don't know what another person might have in their heart because they wouldn't let it come out.

I agree that some friends might be trustworthy enough to have all your secrets, but considering how the world has become, it's better to keep certain things private.
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December 25, 2024, 08:07:06 PM
 #145

No, I don't like to discuss personal finance, how much I earn from crypto or how much investment I make, too detailed even my own family I won't tell, those people will change when they know the amount of our personal assets, whether they will be evil or good, money is sensitive. However, when talking about opportunities, businesses related to crypto or others, yes I often discuss it, getting insight can come from anywhere, the most important thing is that the person or our friend is on the same path with the same interests.
There have been news of people been attacked by criminals and forced to transfer their crypto to them. These thieves were able to get information about their targets because they exposed themselves as crypto owners. One of the advantage of using cryptocurrencies is that they promote privacy to a large extent. So there is no need to discuss what you own with friends because people cannot be predicated. Your friends might not be criminals, but they can discuss with other who might have bad intentions. So the best option is to keep your worth secret from friends except you are sure they can keep it secret.

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December 25, 2024, 09:28:55 PM
 #146

There have been news of people been attacked by criminals and forced to transfer their crypto to them. These thieves were able to get information about their targets because they exposed themselves as crypto owners. One of the advantage of using cryptocurrencies is that they promote privacy to a large extent. So there is no need to discuss what you own with friends because people cannot be predicated. Your friends might not be criminals, but they can discuss with other who might have bad intentions. So the best option is to keep your worth secret from friends except you are sure they can keep it secret.
TBH, I'm a bit curious how the criminals force people to transfer their crypto assets. Do you have the link of the news?  Undecided
I mean the criminals should have no way to force them if the criminals don't meet them face to face. Even the criminals know the identity of the coin holders, they can't force people if they do it through online. As far as I know in most cases the criminals stole people's crypto assets.

Even, our friends can be the criminals when they know it is valued thousands/millions of dollars. I agree that we aren't necessary to tell our friends about our crypto assets. We must keep it secretly and we only share the information with a very close people in our life (wife or children) if it is needed.



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December 25, 2024, 11:01:51 PM
 #147

No, I don't like to discuss personal finance, how much I earn from crypto or how much investment I make, too detailed even my own family I won't tell, those people will change when they know the amount of our personal assets, whether they will be evil or good, money is sensitive. However, when talking about opportunities, businesses related to crypto or others, yes I often discuss it, getting insight can come from anywhere, the most important thing is that the person or our friend is on the same path with the same interests.
If I don't discuss money with my friends then there is nothing good we would be discussing about, there will be a bit problem between you and your friends if probably you are the only one been prosperous but it is always better to know the kind of friends we keep or we discuss money about because there will be much hatred if you are the only one making it in life but I will advise never to discuss about your friends how much you earn per week or month, your next plan in life it should always be bringing up business idea if there is any update on how to make money online you can also relate with your friends.


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December 26, 2024, 07:09:37 AM
 #148

Well, of course, I discuss finances and earnings with my friends, because they are the same fans of cryptocurrencies as I am! We are all interested in who found new projects for investment, who did not guess with technical analysis and suffered losses in trading. All these are lively topics and we are really interested in discussing these useful topics rather than cracking about games and movies, which essentially do not change the number on the balance. But a good deposit is happiness in the fate of any investor.
It's great that you have the opportunity to talk to your friends about such topics. I don't have such luxury. My circle of friends mostly consists of people who are not interested in investing, cryptocurrencies and everything related to it. They only think about how to survive and get through the current day. Their thoughts are occupied with survival in a harsh reality, where every penny counts. This is unfortunate. The situation resembles the movie "Groundhog Day". It becomes sad to understand this. As if I became a participant in some evil joke. There is no one to even really talk to.

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December 26, 2024, 07:31:35 AM
 #149

It depends on the type of friends you have. And obviously you don't want to be ratting about your crypto holdings if your friends are the type to ask for money or brag about it, god forbid.

Though if you have friends like that then it's time for you to find new friends. Unfortunately, the number of people you can trust with money is decreasing every day.

 
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December 26, 2024, 10:27:51 AM
 #150

It depends on the type of friends you have. And obviously you don't want to be ratting about your crypto holdings if your friends are the type to ask for money or brag about it, god forbid.

Though if you have friends like that then it's time for you to find new friends. Unfortunately, the number of people you can trust with money is decreasing every day.

Obviously we can't share important information if we know some of our friends is doing nonsense things in life and whatever things we share to them they still won't listen at the end so its just a waste of time for discussing this about this matter since provably that we cannot get some information from them in return and we might just got pissed off on how they approach on some supposed to be helpful information we shared to them.

That's why I only choose few friends which is good or I know engage with other earning opportunities online or offline since there's huge chance that we can learn from their  hassle also they can learn from ours. Sharing of information is good between these people since for sure that we can get substance with everything discuss with these good people.

R


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December 26, 2024, 01:57:33 PM
 #151

I can't give any proof if I'm trustworthy, but I'm sure I have never betrayed anyone, I either cut off or reduce the frequency to talk with people who I don't like.

Not all parents raised their kids very well, many parents are still not qualified to be a good parents. They give birth because they want their kids to make money for them.

Getting marry isn't all about trust, it's naive to completely trust on your partner. Why people get married if they don't trust their wife/husband? because they're forced by social pressure or they want to raise "their own kids" from their blood, not adopt from someone.

Alright, so what's the way to make a lot of money, instant, no risk and easy?

I don't know what you've been through with your family but I agree that if you don't trust them then they have the right to not trust you. You are afraid that they will betray you if they know you have a lot of money then they also have the right to doubt you back.
You have never betrayed anyone but there is no guarantee that you will not betray in the future.
If we want to receive, we also need to give, we cannot ask others to trust us while we doubt them.

I don't trust my friends 100% but with my parents, brother and wife, I trust them completely because they are the ones who were there for me when I fell, they never left me no matter how bad I was. So they deserve what I have too. It is undeniable that money is hard to earn and very important, but if we lose money we can earn it back, but with loved ones we will not have a second chance.

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December 26, 2024, 02:53:22 PM
 #152

It depends on the type of friends you have. And obviously you don't want to be ratting about your crypto holdings if your friends are the type to ask for money or brag about it, god forbid.

Though if you have friends like that then it's time for you to find new friends. Unfortunately, the number of people you can trust with money is decreasing every day.
In certain conditions and having friends who like to borrow money, you will limit yourself to talking about crypto holdings because if they find out, they will definitely ask for a loan at any time. But it will be much more interesting to talk about when friends have the same profession because they understand the discussion is much more interesting and most importantly do not ask for money. Never trust anyone about money because even though they are your closest friends, they will eventually argue when it comes to money and that often happens in our daily lives.

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December 26, 2024, 09:17:07 PM
 #153

We don't discuss our crypto holdings with friends, do you talk about money as an alternative instead? What I mean is like, talk about what you are doing, your side hustles and how much you're making from it. Is this something you and your friends are open about, or do you typically stick to safer topics like sports and politics? If you don't discuss money, why not? And if you do, how much are you comfortable sharing?"

I like to discuss financial matters with certain friends, but you have to be considerate to their current position as well - if you know someone is struggling for money or is plain wasteful, then I adapt the discussion. There's no point chatting about the best mortgages with someone who has just moved out from their parents into their first room share, unless they actually want to take on this knowledge. You always have to be careful what you might be "preaching" as well, because things that work for you - like having a credit card which you pay off with no costs incurred each month, might be a terrible idea for someone who does not understand them and ends up paying an extortionate rate because they are fooled into thinking it's easy money.

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December 26, 2024, 09:29:59 PM
 #154

No, I don't like to discuss personal finance, how much I earn from crypto or how much investment I make, too detailed even my own family I won't tell, those people will change when they know the amount of our personal assets, whether they will be evil or good, money is sensitive. However, when talking about opportunities, businesses related to crypto or others, yes I often discuss it, getting insight can come from anywhere, the most important thing is that the person or our friend is on the same path with the same interests.
If I don't discuss money with my friends then there is nothing good we would be discussing about, there will be a bit problem between you and your friends if probably you are the only one been prosperous but it is always better to know the kind of friends we keep or we discuss money about because there will be much hatred if you are the only one making it in life but I will advise never to discuss about your friends how much you earn per week or month, your next plan in life it should always be bringing up business idea if there is any update on how to make money online you can also relate with your friends.
This kind of situation depends on where the conversation is placed I think because if the purpose of the conversation only leads to inequality or is related to achievements then there will definitely be a lot of problems that occur even though it is only implied but when the discussion refers to the circulation of money or business it can end well so in the end even though this can still be discussed but not everyone or friends can be free or free when talking about money because it can sometimes be sensitive even though the conversation looks relaxed.

I personally sometimes still talk about financial matters or other things with some friends but not all friends can certainly be invited to talk about this issue because in the end we can see in advance the friends we will invite into the discussion especially about achievements because it is feared that this can offend and cause division so that when discussing situations like this of course we also have to situation and condition of the friend we are talking to in the end.
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December 27, 2024, 06:56:28 PM
 #155

Most of us uphold financial privacy, this is done so that we are comfortable and safe from various things. Not all friends next to us are good, but there are times when they are more bad than bad. Even if they don't want to get the money from us, at least they might think about taking advantage of you who are always willing to feed them. It's the smallest thing, but something bigger as a consequence can also happen.

Friends are not a strong bond, they are no more trustworthy than true friends. In making friends, of course there are limits so you can't trust them 100% unless they are your friends in your difficult and happy times. There are those you can talk to in the garden, some at a table or even at the door of your house, while there are only a few you can trust until they enter your house. In a financial context, they can be trusted to some extent.
This is indeed a sensitive topic and is deeply dependent on the process of making friends and people that are put into the category you call friends. Alot has to be put into consideration before someone should be considered a friend. Words like neighbours, acquaintance, colleagues, club members should not be replaced with the word "friend". Before someone should be categorised as a friend the person must have gone through certain criteria that you must have put in place to validate the true character of such a person. Though it has been seen countless times that money has broken many promising relationships, showing the true character of greed and envy in many relationships but I choose to believe that though greed is a factor to consider when discussing money with people it shouldn't be a thing that bothers the heart when money is discussed with someone that is indeed a friend.

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December 27, 2024, 08:32:56 PM
 #156

No, I don't like to discuss personal finance, how much I earn from crypto or how much investment I make, too detailed even my own family I won't tell, those people will change when they know the amount of our personal assets, whether they will be evil or good, money is sensitive. However, when talking about opportunities, businesses related to crypto or others, yes I often discuss it, getting insight can come from anywhere, the most important thing is that the person or our friend is on the same path with the same interests.

I know right! When your family knows much about your coins and the things you hold, they tend to see you as the main man of the house and this even put you into risk of selling if they know. If they have any little problem, the first person that will come to  their mind is going to be you, with such you wouldn't be able to have confidence in holding your coins for long, at any slight problem they will force you to sell, so it's better they don't know about it.

Revealing your lifestyle too much to people take away that privacy from you and you know money has a way it makes people put eyes on you, people will put eyes on you and expect much from you and when you don't give them, they will think that you are a stingy type of person that don't want to give them. Most often, you tend to create enemies within you without realizing, it's better they don't know about it.

R


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Ultegra134
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December 27, 2024, 11:23:01 PM
 #157

I like to discuss financial matters with certain friends, but you have to be considerate to their current position as well - if you know someone is struggling for money or is plain wasteful, then I adapt the discussion. There's no point chatting about the best mortgages with someone who has just moved out from their parents into their first room share, unless they actually want to take on this knowledge. You always have to be careful what you might be "preaching" as well, because things that work for you - like having a credit card which you pay off with no costs incurred each month, might be a terrible idea for someone who does not understand them and ends up paying an extortionate rate because they are fooled into thinking it's easy money.
Economics are a sensitive topic that's best to be avoided unless you're familiar with the other person. It goes without saying that discussing cryptocurrencies is out of the question, people become extremely curious and intrigued, making questions that are too personal for my liking. Except cryptocurrencies, you should avoid discussions regarding how much money you may owe, any outstanding loans, salaries etc, at least with people you don't have a close relationship with. I openly prefer not to discuss such matters, and if I can't avoid it, I'll answer vaguely without giving too many details, unless it's someone you trust.

 
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milewilda
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December 28, 2024, 01:47:32 AM
 #158

I like to discuss financial matters with certain friends, but you have to be considerate to their current position as well - if you know someone is struggling for money or is plain wasteful, then I adapt the discussion. There's no point chatting about the best mortgages with someone who has just moved out from their parents into their first room share, unless they actually want to take on this knowledge. You always have to be careful what you might be "preaching" as well, because things that work for you - like having a credit card which you pay off with no costs incurred each month, might be a terrible idea for someone who does not understand them and ends up paying an extortionate rate because they are fooled into thinking it's easy money.
Economics are a sensitive topic that's best to be avoided unless you're familiar with the other person. It goes without saying that discussing cryptocurrencies is out of the question, people become extremely curious and intrigued, making questions that are too personal for my liking. Except cryptocurrencies, you should avoid discussions regarding how much money you may owe, any outstanding loans, salaries etc, at least with people you don't have a close relationship with. I openly prefer not to discuss such matters, and if I can't avoid it, I'll answer vaguely without giving too many details, unless it's someone you trust.
Yes, this would really be totally basing up into someones relationship with other people on which if this one turned out to be that not that much of your liking or simply things becomes that turned out to be that already personal then it will be that goes beyond on someones comfort zone not unless if you do have a friend on which you do really trust them too much on which discussing out on how you do earn money not only with crypto but also in other aspect which you might be that confident on telling them at least. You are the ones will really be assessing out on whether you should be that sharing up with someone or wont really be doing something at all or simply skip out. It will be that impossible that you cant be able to assess out on which person is trusted or not. You will be able to spot it out directly if they are already showing up some kind of curiosity on such extent that you are not comfortable anymore on which this will really be that basing up accordingly into you but sharing up some opportunity to other people wont really be that a bad idea or not showing up some selfishness but we know that each one of us will really be that having that different preferences . Talking about money making opportunity then each one of us do really get involved into various things and opportunities on which its not bad to share up at least.
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December 28, 2024, 08:50:04 AM
 #159

You have never betrayed anyone but there is no guarantee that you will not betray in the future.
It applies to other people, including yourself.

Quote
If we want to receive, we also need to give, we cannot ask others to trust us while we doubt them.
Are you someone that believe in quotes "if we being kind to others, other people will be kind to us"? This quotes is really bullshit, you can try to being good to 100 people, I'm sure all the 100 people will not be good to you, there are only like less than 10 people will appreciate your kindess.

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I don't trust my friends 100% but with my parents, brother and wife, I trust them completely because they are the ones who were there for me when I fell, they never left me no matter how bad I was. So they deserve what I have too. It is undeniable that money is hard to earn and very important, but if we lose money we can earn it back, but with loved ones we will not have a second chance.
Good for you if you have parents, brother and wife who not left you in your lowest point, unfortunately not all people have the same privilege like you.

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December 28, 2024, 08:28:34 PM
 #160

This is a risky topic because it depends on the friend as well as you too. If you are already a rich person and that is known, sometimes you can't hide that. Like for example a friend of mine lives in a very big house in a very expensive place, he does own it, but even if he is lying about it and rents it, that is still a ton of money per month, like at least 5-6 thousand dollars per month rent, or probably a million dollars to buy. He drives a tesla, which isn't exactly a very rich car to be fair, but it is a status symbol basically for him, like he goes for electric, he used to drive a Mercedes, and he can get one I am sure.

In the end, how can this dude hide the fact that he is rich? He has a roles ffs lol. If that dude says anything, then we could just understand that he is rich and that would not be a big deal at all and we could just make it out that he is rich, so it is not going to be that complicated to understand any of this, we can see it already, so he can't hide.

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