- The Wisdom Journal - http://www.thewisdomjournal.com/Blog -
Here’s My Problem: I Have A Friend Who Is About To Make A Really Stupid Decision
Posted By Ron On December 4, 2008 @ 5:50 AM In Careers,Leadership,Life,Money | Comments Disabled
Hello Ron, thanks for all you have written on money and personal finances. I have been going through your archives and printing some out and sending others to friends  of mine. One of these friends , I’ll call her Cloe, is about to make a really stupid decision with her money and I don’t know what to do. How do you keep someone from making a very bad personal finance decision?
If you don’t have time to answer, I understand. I hope you can tho!
Hi Karen. It sounds like you care for your friend’s well being and she’s fortunate to have someone like you on her side.
I started to ask you what the decision was, but later thought, “It doesn’t matter what the decision is. A bad decision is a bad decision!”
The real question you’re facing, since your friend is an adult is:
The answer depends on several things:
Don’t confuse “giving advice” with “stepping in.” Advising your friend before she makes the decision but allowing her to make it is entirely different than “stepping in” and forcing the issue. Many times with our children, we’re tempted to “step in” and prevent their failure, and many times we give in to that temptation, but when you’re dealing with adults, “stepping in” takes on a different meaning. It really is a judgment call.
Friends  give advice all the time. Many times we just give it without being asked! I think it’s important though, when you’re dealing with adults, that you tread carefully here. Many times you can give advice by simply asking questions:
“What IS the payment going to be on that new boat?”
“Are you sure about the long term implications of this decision?”
“Can you get out of this contract if things don’t go so well at your job in the next couple of months?”
“Have you looked at any alternatives to your 6 week vacation cruise in the Greek Islands?”
“Are you going to need to make extra money  because of this decision?”
Karen, I hope you can keep this one thing in mind when it comes to friends  and money: Her choices on how to spend her money will never be the same as yours or mine. However, they are not wrong, they’re just different. Her choices reflect her personality, her priorities , and her passion ; and she is, of course, free to make her own decisions. As a friend, all you really can do is ask some hard questions in a gentle way and hopefully steer her in a smarter direction, and hopefully, a wise direction!
[tags]children, choices, decisions, finances, money, priorities, responsibility, teaching[tags]
Article printed from The Wisdom Journal: http://www.thewisdomjournal.com/Blog
URL to article: http://www.thewisdomjournal.com/Blog/heres-my-problem-friend-stupid-decision/
URLs in this post:
 Tweet: https://twitter.com/share
 friends: http://www.thewisdomjournal.com/Blog/7-people-you-absolutely-need-in-your-life/
 Image: http://www.shareasale.com/r.cfm?b=369759&u=290897&m=29822&urllink=&afftrack=
 Some people just cannot be taught: http://www.thewisdomjournal.com/Blog/financial-maturity/
 make extra money: http://www.thewisdomjournal.com/Blog/make-extra-money-incom/
 Her choices reflect her personality, her priorities: http://www.thewisdomjournal.com/Blog/money-is-100-percent-emotional/
 passion: http://www.thewisdomjournal.com/Blog/?p=361
 Coach O.: http://www.flickr.com/photos/74642755@N00/18742833/
 The Wisdom Journal: http://www.thewisdomjournal.com/Blog/
 subscribe today: http://www.thewisdomjournal.com/Blog/welcome.php/
 Twitter: http://www.twitter.com/wisdomjournal/
 Facebook: http://www.facebook.com/pages/The-Wisdom-Journal/147054648679421
 »crosslinked«: #
Copyright © 2008 The Wisdom Journal. Some rights reserved.