Convince Him He Needs Help

John asks how to help a friend with his finances even though his friend hasn't asked for help. Dave says John has to convince his friend that he needs help.

QUESTION: John on Twitter asks how to help a friend with his finances even though his friend hasn't asked for help. Dave says John has to convince his friend that he needs help without telling him that he needs help.

ANSWER: You have to talk him into asking you for help. To do that, become bubbly about how good you've done, but don't do it in a bragging way. You just talk about, "Man, I'm feeling so good because I got these debts paid off. For the first time in my life, I'm feeling in control with my money." He's sitting there not doing good and immediately going to ask, "How'd you do that?"

You don't go up and say, "I think you're broke and you're stupid and you shouldn't have bought that car." That's not going to work. Instead, you start telling him about how much debt you've paid off and how it's changed your life. Pretty soon, he's going to say, "How did you do that?"

Don't talk about how dumb he is; talk about how dumb you were. Talk about the time that you did stupid things and you turned it around by not doing stupid things anymore.

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