Brittany Wong lives in LA and covers love, sex and relationships for HuffPost.
Blanket statements like “you’re bad with money” can become a kind of self-fulfilling prophecy, financial experts told us: You hear it enough, you may start to believe it.of 2,130 Americans found that money comes in dead last on the list of topics people want to discuss with their friends.
“There are so many reasons someone could be stuck in a tough financial spot that have nothing to do with their ability to manage money,” she said. “A series of unexpected bills, job loss, college debt, an injury that impedes on ability to work and other issues could be at play, affecting a person’s financial situation.
Blanket statements like “you’re bad with money” can become a kind of self-fulfilling prophecy, too: Hear that enough from family and friends and you might start to believe it or even act on it, said“If someone has been constantly told that they are bad with money and it has been programmed into their subconscious, it can easily become something they believe to be true, that it’s a part of who they are,” Reid told HuffPost.
Is there a better way to surface this topic if you’re worried for your friend? Or is it even your place to bring it up? Below, our financial experts share their thoughts on talking to someone you’re close to about their financial choices.It's generally best to approach giving money advice to your friends and loved ones like you would relationship advice: Only offer your commentary if your friend asks for it.
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