What do Facebook & Your Mom Have To Do With Your Finances?

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Yesterday I talked about a new application called Kyle.tv.  I discussed how you could use the application to create and distribute valuable content to others, thus making you more socially valuable and indirectly increasing your social networth.

As you begin to view Facebook as a valuable tool to network with others rather than some hip social networking website with some fancy widgets, your goal should not only be to create value for others in the form of sharing information freely, but to also develop a better social circle for yourself. (Mom always told you to choose your friends wisely)
If you’ve been on Facebook for 6 months or more, you understand what I am talking about.  About once a month I go through my network of friends and actually purge my list. What!? Yes, I clean it up, I get rid of people that perhaps are not bringing me any value or that I am not providing value to them — you know, you get a friend request from someone who you haven’t seen since grade 3, you add them, and they never message you and you don’t really care to message them - to that I say PURGE!. Your goal should always be to surround yourself with smarter, richer, healthier people than you. Or a better way of putting it is, surround yourself with people who you admire and would like to become one day.

My friend and mentor  Bob Dignard-fung once told me that my annual income was the average of my 10 closest friends. I didn’t believe him until I sat down one day, made a list, and discovered that it was the truth.

Are you satisfied with your current reality ( finances, health, relationships, etc)?  If the answer is yes, than this post won’t provide you with a single ounce of value, but if your not, I challenge you to conduct a mini experiment. Are you game? *c’mon slugger*

I’d like you to conduct a mini experiment in finance. Don’t worry you won’t need any special skills or have to know the 27th number after the decimal in pie. What you will need is a Facebook application called Top Friends and a calculator.

Follow these steps:

1. Install the Top Friends Facebook application
2. Select from your network of friend your Top Ten (10)  friends
3. Estimate how much each friend would earn annually (heck, give them a call and ask)
4. Add all the annual incomes up (including your own) and divide by 10
5. What’s the outcome? (post your results as a comment - let’s get some discussion here people!)

If you want a better life, start surrounding yourself with better people. Start by evaluating where it is you want to go - than surround yourself with people who have already gone. Amazing happen!
I appreciate the heck out of you.