Rich Relationships Can be Life-Changing—Here’s How to Make Them

Six takeaways:

Author and financial planner Tom Corley has spent years studying hundreds of wealthy people. One common denominator between them is that wealthy people cultivate “rich relationships,” spending time with people who are fulfilled, driven, happy, and successful. He provides some tips for taking account of your existing relationships, and for striving to bring more rich relationships into your life.

  1. Make a List: Create a comprehensive list of your relationships. Utilize a notepad to record all individuals, such as mom, brother, best friend, and co-worker.
  2. Identify Influence Relationships: Assess the amount of time spent with each person. Designate those exceeding one hour a week as “influence relationships,” which can exert either a positive or negative impact on you.
  3. Score Your Relationships: Assign a plus sign to names representing enriching relationships and a minus sign to those indicating less productive connections in a third column.
  4. Tip the Seesaw: Develop a plan to minimize the time spent with relationships that lack enrichment to less than one hour a week. Simultaneously, increase the time dedicated to nurturing enriching relationships to more than an hour a week.
  5. Find More Enriching Relationships: Compile a list of individuals falling into the enriching relationship category, whether known or unknown. Join networking, civic, or nonprofit groups to expand your social circle.
  6. Initiate Casual Connections: Connect with people by inviting them for coffee or a drink. These informal gatherings are remarkably effective in fostering the growth of your relationships.

By Shawn Carter for CNBC
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