Friday Coffee with MAP - February 23, 2024

Hello, and welcome to Friday Coffee with MAP!

As the old adage says, your network is your net worth. But as we have discussed, it is a mistake to view relationships solely as a building block for financial success. Yet, as we recognize that our relationships are frequently our most powerful catalysts for personal growth, motivation, comfort, and joy, it becomes crucial to be intentional in how you cultivate them. This week’s article dives in on a systematic means of assessing the relationships that will bring more to your life.

Happy reading!

Rich relationships Can be Life-Changing—Here’s How to Make Them
_{by Shawn Carter for CNBC}

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.

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.

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.

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.

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.

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.

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.

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So tell us: What tips have you learned throughout the course of your career for cultivating great relationships?

We’re looking forward to hearing from you! Have a wonderful weekend.

Thank you,

The MAP Team

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Los Angeles, CA 90064
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