When on a journey to build wealth and achieve success, you will eventually reach a point where you find you need to begin auditing your circle. When you’re growing and succeeding, the people around you can significantly influence your progress. In this piece, we explore why it’s crucial to evaluate your relationships, how to identify the different types of dynamics you might encounter, and how to interact with each effectively.
The Importance of Auditing Your Circle
Reason 1: You’re Growing
The number one reason you need to audit your network is because you’re growing. If you’ve joined Teach Me About Property, or you’ve started to read our blog, you’ve indicated your desire to improve your wealth and build a future through property. This is a forward momentum journey—you’re looking to improve, you’re looking to grow. It’s interesting how your growth can impact the people around you and, more importantly, how they respond to that. So, number one is you’re growing. You’re challenging yourself, embracing change, and moving forward as an individual.
Reason 2: You’re Succeeding
The second piece, closely linked to the first, is that you’re succeeding. Our students at Teach Me About Property who’ve already made the first moves to secure a property, they’re winning. Maybe you’re succeeding at the property game, the wealth game, and other areas in your life. But here’s the interesting thing—not everyone claps when you win. Auditing your circle allows you to correctly assess how your friends circle is responding to your success. This is really important because some people in your circle may feel that your success highlights their failures. Some people are going to resent your success and resent you because you’re succeeding. This is tough, especially when it comes from close personal relationships, even family.
Reason 3: Acting Accordingly
The last reason is so you can better know the people around you and act toward them accordingly. Think of this scenario: you’re at a family BBQ or get-together, and you start sharing your success. You talk about joining Teach Me About Property, buying property, any of your amazing achievements, and the energy you get from the other person is negative. They shoot holes in everything you’re trying to do, and you find yourself trying to prove yourself to them. You’re having a high-value conversation with a low-value relationship, and your wasting your time and energy by doing that. The whole point of auditing and knowing your money circle is to understand how you conduct yourself inside relationships as they shift and change.
Understanding Relationship Dynamics
Here’s a TMAP insight: you only want to have high-value conversations with high-value relationships. There’s an axis here—high value versus toxic and progress versus still.
High Value and Progress
In high-value, progress-based relationships, conversations are about forward progress. You share your wins, and they share theirs. Their eyes light up when you talk about your achievements, showing genuine joy for you and your journey. They cheer you on and want to see you win more. These are your fans and part of your support system.
High Value and Still
The next type of relationship is high value but still. These are people whose lives aren’t about change or growth, but the relationship remains high value. You might think of this as returning to your family home or home town —amazing relationships, warm but not about progress. You connect through nostalgia, reminiscing about past times. That’s the right conversation for these relationships.
Toxic and Still
For toxic relationships that are still, you interact with low-value conversations. Do not share your wins, struggles, or anything of value. Discuss low-value topics like the weather or sports. Avoid trying to convince them of your journey; it’s a mistake.
Toxic and Progress
Lastly, toxic but progress-based relationships are generally hyper-competitive in a negative way. They see their wins as your losses. This is the most cautious segment of relationships. Only engage in low-value conversations as they view your success as an attack on them.
What do you do? For our students, we recommend revisiting The CAUSE Method and completing the Unity pillar. Pay close attention to our lessons and activities for auditing your circle. Once you understand how to identify the people in your circle and conduct yourself around them, you can play an even stronger version of The Wealth Game.
For those yet to join, talk to us today to learn more. If you audit your circle correctly, you’ll have more peace and avoid having high-value conversations with low-value people.
