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Topic: Do You Discuss Money With Friends? - page 8. (Read 1961 times)

legendary
Activity: 3234
Merit: 5637
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December 17, 2024, 08:15:03 AM
#37
I can talk about money in general, but I don't want to know how much money someone has and what they do with it - it also doesn't occur to me to talk about my finances even to my closest friends, because people are very bad at keeping such information. Sometimes people do not have bad intentions when they tell others about their conversations, but they do not take into account the fact that in this way they can put their friends in unpleasant or even dangerous situations.

When it comes to cryptocurrencies, my official position is that I have sold or lost most of them over the years, and this fits perfectly with the position of those around me, considering that the majority thought that it was an internet scam that would fail over time. It's better to look stupid in a crowd than to stand out as a smart target.
sr. member
Activity: 616
Merit: 414
December 17, 2024, 08:07:56 AM
#36
I can discuss about cryptocurrency and not a total of my holdings or allocation for security purposes since lot of things are happening now and we can't trust anyone out there. Discussion that ultimately needs me to tell them my total holdings are off from the conversion as I wouldn't like to reveal what I have or how much I earn through cryptocurrency, we can share ideas of coins to invest and not to invest but anything above that is entirely against me.

Buddy I must say that such decisions of yours are wise, discussing cryptocurrency and Bitcoin in particular with friends or close relatives is perfect but it should be to an extent which you have also stated, people may see it as being secretive but this is a very good decision to safeguard yourself and your finance, sometimes we say things feeling that we are relating to people that we confide in not knowing that we are making the greatest mistake of our lives, in everying that involves money in general, once we are having discussion to that effect no matter who is involved, being too open on the amount you have in your portfolio or even bank account as the case may be is a wrong approach, if people know my earnings on their own fine but telling them is no no for me as such i wouldnt even want to entertain any question coming from such angle no matter who's is involved.
sr. member
Activity: 560
Merit: 265
December 17, 2024, 08:02:11 AM
#35
I have set my boundaries on who I talk to about personal finance. Most of the people who will refer to as friends are just acquaintances. And even those who qualify to be called friends should not be the first for us to speak to about money.

Should conversations about money come up then it should only scratch the surface with few identifiable details and information. While such friends are not going to cause me any harm, be I am an overthinker such a thought will keep me awake all for a couple of nights.

If anyone wants to talk about money refer them to a financial advisor either paid or free.
hero member
Activity: 882
Merit: 792
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December 17, 2024, 07:28:51 AM
#34
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?"
When I call someone a friend, this means that I'm very close to them, I call a friend to only a few person, this word is very meaningful for me. I often discuss money with my friends because I have friends who are doing well in different niches and I believe that we shouldn't waste our talent, we have to use the advantage of friendship to start a business together because trust is a serious thing in every business.

By the way, I believe that there are things that should always private and you shouldn't speak with your friends or spouse because, you know, humans aren't 100% loyal and you should always keep that in mind. I don't tell my friends how much Bitcoin I own and I don't talk about how much money I have. If someone asks me, I usually lie about numbers because it's nobody's job. Usually, when bad accidents happen, that's because of a shady friend whom you trusted. You can never be 100% sure about anyone.
full member
Activity: 2590
Merit: 228
December 17, 2024, 06:40:23 AM
#33
If you don't discuss money, why not? And if you do, how much are you comfortable sharing?"
We do talk about what we are doing currently like our day job for example but we do not talk about side hustles and whatnot or at least I do not. But that is more of a reflection of myself than my friends and what kind of friends they are. I do trust them, I just am a private person who do not like sharing what I am currently doing especially if it will not yet bear results immediately. I prefer to work quietly and let the results speak for itself, as they say. If I end up making money, I will treat my friends but they do not need to know where that money came from unless they ask me then I can tell them but telling them unprompted? Nope. That is not who I am.
legendary
Activity: 2072
Merit: 4265
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December 17, 2024, 06:15:55 AM
#32
To be safe, you should be careful in your stories about your financial situation. As they say: money loves silence. But whether we want it or not, there will always be very curious people in our circle who want to "stick their nose into someone else's wallet." For such people, there should be a history of earnings that should not surprise them in any way, for their peaceful sleep. But there are friends to whom you can tell everything, borrow money, or, on the contrary, lend money to them without worrying about repayment. With such people, we discuss business and everything related to finances. With strangers, you need to discuss the weather and things that do not need clarification.
hero member
Activity: 3038
Merit: 634
December 17, 2024, 04:32:31 AM
#31
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 do talk about both, crypto and finances. Everything that's related to money, how they earn, their jobs, their side hustles and everything. We're not selfish to each other if it's about this talk.

But the problem is about the ideas that we build in our minds and we don't try to take some risks on them. Or not to boast, but I'm the only one who's willing to take the risk with certain investments that we talk.

In fact, only three including me in our circle are into crypto. I'm mainly into Bitcoin and the other two is with altcoins. What we don't like to talk about is politics, it's too toxic and dirty that's just going to put us into frustrations and that's why we don't want to talk about it.
jr. member
Activity: 45
Merit: 1
December 17, 2024, 03:56:31 AM
#30
I think discussing how much money I make with friends can be risky, as it might come across as boasting. Sometimes, even an unintentional comment could sow the seeds of discord in a friendship. As a friend, I care more about whether they are financially comfortable and whether their spending is within their means. If I come across side hustle opportunities, I’ll gladly share them, but it’s entirely up to them whether they want to give it a try.
hero member
Activity: 1428
Merit: 592
December 17, 2024, 03:02:51 AM
#29
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 rarely talk about money with my friends, but we often discuss how to make money.
It is much easier to talk about investing in crypto now because the younger generation is much more familiar with it even though they don't know how to get directly involved in it.
Talking about business may be a little more complicated because we are not in developing a business so what we talk about is biased and impossible to do.
Investing in crypto especially in bitcoin will be much more convincing and there may be many common interests between one person and another.
Although sometimes there are still many people who hesitate because they don't understand how to do it properly and at least I have five friends who regularly talk about investing in crypto especially bitcoin.
full member
Activity: 162
Merit: 104
December 17, 2024, 12:57:42 AM
#28
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?"
Friends are on different type which you will know the extent of discussing money business with them or even trying to reveal the kind of business you are doing and how much are being generated from the business. Like I know, the country we are is not that safe discussing money business with someone although there are some friends which I know that are into same business with me I can discuss some money with them, for example; maybe few people I know around this forum whenever we meet we talk about possibility of Bitcoin price and some other potential altcoin in related to our discussion but that wouldn't be our main discussion apart from Bitcoin. So, apart from that discussion we don't go that deep out of other discussion because that is the area we are into and we know off.
hero member
Activity: 952
Merit: 541
December 16, 2024, 11:57:54 PM
#27
Curiosity about what other people have is a natural human trait that is very difficult to eradicate, I always keep myself secret from my friends about the amount of my investment in Bitcoin. But when I buy something new they will come and ask where I got the money from, so I will try to give a flexible enough answer so they don't ask further.

I am always reminded of "if not yourself, then it's everyone else" meaning, there are things that need to be told to friends and there are things that should be kept private. To prevent them from being too suspicious, you need to have a job in a different field so that you have a source of income that can prevent strange questions from arising.
sr. member
Activity: 1246
Merit: 426
December 16, 2024, 09:51:00 PM
#26
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?"

Topics like that I don't think need to be discussed with your friends, because it's not right to talk about your income which should be private. Your income should be kept to yourself, and only a few people know about it, because in some cases it is quite vulnerable to talk about it to your friends since we don't know about other people's intentions towards us. It's possible that when the friend knows about your income, they might want to borrow money or other things that you don't want - you know there are many cases where friendships are ruined because of money - so it's better to avoid that. It's better to talk about more general things like politics, lifestyle, or other things that don't intersect with private matters.
sr. member
Activity: 1400
Merit: 268
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December 16, 2024, 09:21:19 PM
#25
At least in my circle of friends, it's quite common to talk about our financial condition in a casual way, not really asking for advice or showing off our money, just like something that casually come out in a casual conversation, something like 'I just got good project from this person/company and they paid generously', or when we don't have much money and tell our friend to move to cheaper place for hangout. We also talk about investment, crypto included like what is hot and what's not, but not in a very technical way. I think it's common in man friendship to talk about everything casually, including financial and investment, but never take it too personal or too deep.
hero member
Activity: 1050
Merit: 592
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December 16, 2024, 06:39:14 PM
#24
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 think one of the things every friends would always want to discuss money and different way it can be generated. People do discuss cryptocurrency and money but they will never tel you how much of money they have in the bank or the worth of cryptocurrency they have as asset. Normally sharing business idea is something friends normally do as conversation, and I don't think if their is anything wrong about it. When it comes to the worth of money or cryptocurrency one has,  it is something that needs to be private because when people know what your financially worth is anything can happen.
sr. member
Activity: 728
Merit: 444
December 16, 2024, 05:58:22 PM
#23
I'm not comfortable discussing my finances with my friends, and I'm also not keen on asking them about their finances. There will be a point where one of us will be discriminated against or feel that one is better than the other. They can open their finances to me, but I have a reservation when it comes to mine.

I do the same thing, I don't find it interesting to discuss how much I have, how much I'm earning and what my investment portfolio is totalling. My finance is my own business and not what others should know about because of the evil nature of the world. You can disclose your finance and instead of it being a normal discussion that your friends should be happy about, it becomes a reason for your friend to have evil thoughts about you. People know how to pretend hence their finance mightn't be as good as they say it's but when you innocently tell the truth about yours, they begin to envy.

We don't know what our friends really are thinking about us hence anything that should bring envy and jealousy towards us should be avoided. Speak to your financial advisor if you're looking for someone to talk to and also be careful around them too because you don't know how evil they can be hence it's important to use someone that has more money and knowledge than you as your coach so they don't pick interest in the small money that you have. Act a foul around your friends because the people that destroy you aren't people that are far away from you but your inner most cycle.
legendary
Activity: 2688
Merit: 1192
December 16, 2024, 05:07:57 PM
#22
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'm quite open discussing money with friends because you never know what you might learn from each other, even the smallest tips over time and all gathered together can lead to even greater amounts. Politics is usually a much more dangerous subject and that is well known, because there are such a wide range of opinions on every topic. It's good to share things like side hustles among friends, because when they grow richer you are likely to grow richer too. You want to be around like minded people who are ideally more intelligent than you, so you can expand your horizons. It's even better if you are able to teach others, because there are a lot of pitfalls when it comes to finances, so you might actually protect someone from bad mistakes - even the basics like how to use a credit card responsibly.
legendary
Activity: 2464
Merit: 2094
December 16, 2024, 04:08:01 PM
#21
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.
legendary
Activity: 1064
Merit: 1101
December 16, 2024, 02:21:24 PM
#20
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?"

Discussing business or money will depend on the individual and the environment. If I am around friends who are business minded and could give business advice or even introduce me to an opportunity, I would discuss business with them. But there are some friends who are good in politics or sports and are not business inclined, I wouldn't waste my time discussing business with them.

But I am not comfortable with telling people how much I make from my work or business except it is necessary. We might discuss potential investment areas or highly needed skills, but there will be restrictions because you don't trust people's confidential financial information.
legendary
Activity: 2338
Merit: 1775
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December 16, 2024, 01:34:38 PM
#19
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?"

In the country where I live, the most dangerous conversations are not about money, but about politics.

However, in most cases, talking about money is also undesirable. This is especially true for talking about cryptocurrencies. I try to never touch on this topic when communicating with people offline. Such conversations can lead to negative consequences.

In general, any conversations about money can cause envy in other people (if these people are poor and have a hard time making ends meet).

At the same time, offline I have friends who are involved in investing. With them, you can discuss issues such as raising the central bank's key rate, investing in stocks and bonds (but not investing in cryptocurrencies).
sr. member
Activity: 994
Merit: 314
December 16, 2024, 12:57:39 PM
#18
Sharing anything with friends is very common. But it is better not to share money-related matters because some friends are very close but if for some reason there is a problem or the status of the friendship is compromised, then there can be problems or many times it has been seen that you do not feel safe on your own, especially when it comes to holding crypto. However, I have some friends whom I trust more than myself. Maybe many may consider this is my weakness, but those whom I trust will never try to harm me. Moreover, I do not want to see any situation where I feel disrespected towards my friends. I definitely try to maintain good communication between us.

I have several friends  and i participate in various types of discussions with different people. With some I share my financial matters and with some I discuss various topics of sports, politics or social work.
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