Yup, it happens. You suddenly start making some serious money on the market, spend accordingly and your friends vanish. Don’t think it will happen to you? Don’t be so sure.

Your friends love you but it’s human nature to associate with people of like minds, like values and like economic status. Everyone is comfortable when they can share the day to day struggles. When one of you climbs out of that socio economic class, it puts the others in discomfort. Your friends don’t want to see anything bad happen to you but they’re uneasy about anything really good happening as well. They won’t admit it, but they’re a bit jealous or envious that you suddenly are able to afford luxuries they only dream. Hey, you can’t blame them. You would likely feel the same.

So, what to do?

I found the best approach is to stay humble. Instead of running out to buy that new Porsche, go on a vacation and rent it instead. Enjoy those luxuries elsewhere, where you’re not so visible amongst your friends. I would go all out on trips away, where nobody will ever know your extravagance. When at home, I would try not to annoy them by waving it under their noses. If you must, simply ease into it later, little by little. Be inclusive. Share your joys with them. Make them a part of your success. A little humility goes a long way. After all, they’re your friends and family and at the end of the day, money comes and goes. People in your life are there to stay.

 

Head Trader Hugh

September, 2017

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