5 Types of People Who Will Gladly RUIN Your Financial Life

this might be your cousin that you grew up with it might be your sister or your brother it could be your parents it could be a lifelong friend listen you got to be strong enough with these people or they will keep bashing you and bashing you and bashing you guys there are five types of people who will gladly bring you down financially and help you ruin your finances if you're not careful now on this quick video I'm going to give you those five types of people I'm also going to give you some red flags to

look out for and I'm going to give you some solutions for how to deal with those people so let's jump right into it now the first type of person who's going to gladly help you ruin your finances is the cannot borrow a few dollars person you know the constant borrower this is the person who feels no shame in asking everybody they know for a few dollars here and there these type of people they always seem to be in financial trouble and they always tend to look at you because they think that you're doing well with

money now listen it's okay to help some people and be kind in that way here and there but if you constantly and constantly help these people what you're doing is you're enabling enablers and ultimately they'll feel no guilt or Shame about draining your resources from you these are the people that always ask but rarely repay anything they borrow from anybody they never take steps to actually improve their own personal financial situation and they're not worried about the relationship between you and them as much as they're worried about getting these few dollars to handle this little

business real quick for themselves now when you deal with with this person here's some solutions first make sure you set boundaries that's a big one and often times guys you don't have to offer money to these people you can offer maybe helping them figure out some Financial Solutions helping them think outside the box because a lot of times when people borrow money they only see one solution to their problem their money problem but maybe you can help give them some other solutions to their money problems instead of just here take this money I'm loaning to

you how about we sit down and think about some Ways to Think Through your situation and look at the three or four different possible scenarios to help them and then always feel free to give them a few dollars without loaning them a few dollars which can be sort of a win-win right you're not loaning out money and expecting anything back and maybe ruining your relationship with this person but you're giving them what you can afford to give them at the time now the second type of person who will gladly ruin your financial situation if you

let them is the crab in the bucket what is the crab in a bucket the crab in the bucket is the naysayers the people who are going to discourage you and your financial Ambitions that you may have they're the person who's going to criticize your trying to build some wealth and do something different they're not going anywhere in life financially and they don't want you to go anywhere in life financially so you're trying to get out of this bucket and they're constantly ridiculing you and pulling you back down they got you by the leg trying

to bring you back down into the bucket with them right they're going to mock you when it comes to you trying to be frugal or you not going to the concert or you not going on the vacation cuz they know you have the money to right these are the people who say things like why are you working so hard or life is too short you need to live a little right so they dismiss your long-term goals and your long-term things that you're trying to achieve with your money and they want you to kick it today

they don't see your vision for you and your money and that's okay right it's not really for them to see but if you're not careful this is the person who's going to have a lot of jealousy and a lot of envy and who are going to be in the background hoping you fail smiling and shaking your hand and clapping for you in your face but all the while hoping for your downfall because they think that you think that you're better than everybody else because you're trying to do something different that's your crab in a bucket

the solution is you need to surround yourself with people who share your financial Vision or people who at least respect your financial vision and leave the crabs in a bucket leave them in their own misery now the third person who will gladly help you ruin your personal finances is the big Ballers and we all know the big Ballers right the person who looks like they got it all together financially right got the nice car the nice house the nice brand name clothes but all the while they're struggling in the background right they're doing it for

the gram but in all actuality they having some hard times they don't want anybody to know about right this person lives a more flashy lifestyle and they want you to live that flashy lifestyle with them and they might encourage you to overspend on things like you know vacations luxury brand name items or unnecessary upgrades right or the club whatever it could be these are the people that laugh at you trying to be frugal and they wonder why you driving that old 2012 Toyota Camry you know you make enough money you should have a a 2022

or something better and something nicer than what and they don't understand what you're trying to do because they over here balling or at least looking like they balling they're inviting you to parties and outings that they can't afford but they don't want you to know that they can't afford them right they're trying to get the selfie on IG and the selfie on Facebook or that LinkedIn photo op to let the world know that hey I'm doing well look at my life that's the big baller now here's some solutions you need to politely decline anything that

they're doing that they want you to do that you simply can't afford or doesn't line up with your current goals in terms of your personal finances and have the discipline to stick to your goal goals and your plans and maybe find you some more Frugal Friends to hang around besides the big baller now the fourth type of person that will gladly bring you down financially is the drama folks now let me know in the comment section below if you understand and know who the drama people are these are the people who who operate and they

function on drama there has to be some drama going on to make them feel good so their lives are filled with problems and issues and they're not totally happy and feeling good in life unless there's some sort of chaos going on somewhere legal issues job instability unhealthy relationships that you're that they're dragging you into because they want to talk about it these are the people that if they see somebody arguing or fighting they run and take out their camera because they want to get it on film and and get everybody's reaction and show the world

what's going on and this is that person they want to bring their drama to you and so that they instabil becomes a part of your life listen I want to be honest with you these are the people who would rather cheat the system in order to get ahead than actually do the work in order to get ahead let's be honest we all know people like this and sometimes we don't talk about it but we should I'm not mad at people that have accidents and things have happened to them but there's people who actually live for

those things right they strive to have those things happen the drama the issues the problems right they're going to have frequent emergencies that require you and your involvement in their drama and sometimes these are the people who expect you to bail them out of their drama because they know that you have the money they've watched you work on your money and they've watched you be good with money over the years they've watched you and so now you get on their radar to help them out of their drama but here's the solution these are the people

that you really have to set up clear boundaries with and it's always cool for you to offer some moral support with without offering financial support and then learn to do it without taking on their problems and issues and taking the energy out of you to deal with their stuff right these are the people that you really have to protect your sanity from and protect your finances from by clearly telling them no clearly telling them I can't do it you got to be strong enough to do that cuz this this might be your cousin that you

grew up with it might be your sister or your brother it could be your parents right it could be a lifelong friend listen you got to be strong enough with these people or they will keep bashing you and bashing you and bashing you they'll give you a lot of reasons to pull back and you have to be strong enough to pull back and then realize that you pulling back is going to cause some of that drama that fuels them right so this is the person you might have an argument with on Tuesday but they're giving

you a call like nothing happened on Thursday because the drama fuels them you got to watch that person cuz financially they're going to pull you into some of that drama and some of those problems now the fifth person that will gladly help you ruin your finances is the broke person who knows it all financially they're the financial advisors in the camp but they don't have any money to back it all up this is the person who's always giv you unsolicited Financial advice when they're doing worse than you are financially this is the person who's going

to encourage you to take your hard- earned money and go invest in something that's shady right some type of questionable scheme some type of blessing Loom or other pyramid scheme to get your money involved in it why because they know you got the money to be involved and so they're watching you and they're saying oh okay you got some money let's go invest in XYZ to get us a little extra money let me explain how this thing works or this is the person who's coming up to you at the family function giving you their latest

way to make their money now you know they don't have any money they know you have money but they're fast talking you into thinking that they got some money because they're doing this new investing that nobody else is doing but it's going to help them grow their money right they pull you aside at the family barbecue or they pull you aside at the at the get together right and they explain all this stuff to you and it's always fast talking always got a scheme listen this is the person you got to be very careful about

because they're going to be giving you advice and information that ain't backed by anything not even backed by themselves right because they don't have any money and they're trying to give you this whole scheme about how to get money right so their advice is usually more like uninformed broke opinions and that's what you got to be careful with when you're dealing with the know-it-all financial advisor that doesn't have any money here's my solution only take Financial advice from trusted Financial people who have actually grown some money and built some wealth themselves even if they're rich

just because somebody gets rich don't mean that they know anything about personal finances just ask all the professional athletes who go broke because they're rich but they don't have any knowledge about Building Wealth and holding on to wealth and always do your own research when you're talking to this know-it-all personal advisor don't just take their word for anything do your own due diligence because you don't want to be the person who's taken Financial advice from people who don't manage money well themselves and I'm not saying that the person has to have a lot of money

to give you good Financial advice because we all know an aunt and Grand a grandmother a uncle or somebody who didn't never make a whole lot of money in their life but they always seem to have a lot of money so it's not about taking personal financial advice from somebody who has a whole lot of money that's not important take Financial advice from people who have who are good proven money managers whether they're making $20,000 a year or they're making $300,000 a year that doesn't matter what matters most is how do they handle their money

how do they manage their money let me say this guys avoiding these five types of individuals it doesn't mean cutting them out of your life permanently but it does mean you got to set clear boundaries with these types of people and stay focused on your own financial goals and where you're going with money look these five types of people they're just not your people when it comes to money and that's okay listen if this was valuable to you please do me a favor and share this video with someone else just click on the link and

send it in an email or post it on one of your social media websites so other people can get this information smash that like button below and drop me a comment and let me know if you know any of these people in your life but don't mention any names but just let me know if you know people like this check out some of my other videos right here and also remember the best person who's going to take care of the old you is the young you guys take good care of yourself and take care of

other people until the next video peace