Help Other’s Financials Woes & You Help Yourself

Do you think HELPING other’s financials woes can help YOU?

Do you have a close friend, sibling, relative, what have you that you would love to help financially? Perhaps they are financially strapped and you want to help them get out of their financial setbacks?

What may seem like a noble gesture can actually jeopardize your success!

Just imagine, you know someone who is financial stuck and due to some hard, diligent work on your side your financials are in order and growing. So, you think because you have this great financial foundation that you can now suddenly show others how they to can have the same?

There are three general rules you must apply if you ever want to help someone financially and it first starts with the person you’re helping.

  1. They must be open and willing to put in the time to get financially back on track.
  2. They are not allowed to talk or discuss their financial woes with you other than they need your assistance.
  3. They need to start right away and if they don’t then they will never get unstuck nor will they ever find the “right” time.

Let’s dive a little more into this to get a better understanding of how these rules really work and why they are important to adhere to.

1. They must be open and willing to put in the time to get financially back on track.

There is nothing worse than someone who says they want help but deep down inside is holding onto the lack of money or old financial beliefs that they can never imagine getting their situation switched around. If you uncover anyone like this then start with making a suggestion, such as, have them learn “why” they want to get out of their situation. Then only after they have committed to this for some time should you pick back up the conversation. (Review why people struggle to get a better understanding what this means.) Important to note that if they do commit to this change, please make sure they satisfy the next two rules before helping them.

2. They are not allowed to talk or discuss their financial woes with you other than they need some assistance.

You may think this isn’t a humble thing to do. But on the contrary, feeding someone’s financial woes are not only going to keep them stuck but they run the risk of sucking you into this negative financial state which is going to SUCK the life out of your financial success. Suggest to them that this rule is to ensure they get unstuck and always circle back to their “why – rule #1” by reminding them why they reached out to you in the first place.

3. They need to start right away and if they don’t then they will never get unstuck nor will they ever find the “right” time.

Have you ever heard that there is no better time to start than now? Well, it couldn’t be more true and speaking from experience I have come up with tons of excuses why I couldn’t start something and you know where that got me. NO WHERE! I had to make a decision to change my way of thinking and once I did I realized there is no better time than now. Besides, the only time we ever have is right now. We have no idea what tomorrow will bring so why not cease the moment and act now.

These simple, three rules are only a beginning but it’s a great start to making a difference.

All the best!

Jerome Ratliff

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