96: Money & Friendships: When You Make Less Than Your Friends Artwork

The Rich Immigrant

When you hear the word immigrant, the word rich doesn’t always come to mind. Immigrants can attain financial independence; we can lead full lives in our new homes while maintaining our identities.Each Wednesday, join Dee Olateru, a 3-time immigrant, and your everyday aspiring rich immigrant, as she shares tips, and stories to help immigrants do just that. The Rich immigrant podcast was created to be what the next immigrant needs to thrive and what we need as a community of 1st and 2nd generation immigrants.If you’re a first or 2nd generation immigrant, or just want great but relatable money and life conversations, this is the podcast for you! For more inspiration, follow the @therichimmigrant on Instagram or at www.therichimmigrant.com

All Episodes

The Rich Immigrant

96: Money & Friendships: When You Make Less Than Your Friends

May 06, 2024 • Dee Olateru • Season 9 • Episode 96

Send us a text

Friendship continues to be a recurring theme in my life and a recurring theme in listener desired topics. In this week's episode of the podcast, I begin to answer a listener question from December about navigating friendships where there is a wide income gap. It is a delicate topic but thats why we need to talk about it. In this episode, we discuss:

The widening income gap I've observed recently and my experience making /having less
Results from a recent study by credit Karma
Six tips to navigate friendshps with wide income and wealth gaps as the friend that makes less including
1. Honoring your own budget and financial boundaries
2. Accepting generousity but not feeling entitled to it
3. What to do about your feelings
4. A reminder that your net worth is not your self worth
5. Re-evaluating the friendship
6. What signals might lie underneath the tension
7. A reminder about agency and my hope for anyone navigating this situation

Part 2 is coming next week!

Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs to hear these conversations. Please join our community online at www.therichimmigrant.com or on Instagram at 'Therichimmigrant.'