There is a great deal of science surrounding the impact our social networks have on us.
Numerous studies have shown that we pick up most of our habits from our parents (Brown Univ. Study – 50,000 families). In a 2012 Yale University study, parents who gambled increased the likelihood that their children would gamble as adults.
According to research conducted by Edward Horwitz, PhD, CFP and Associate Professor of Behavioral Science at Creighton University Heider College of Business, money patterns we observe in childhood drive our financial decisions later in life.
Parents’ educational pursuits influenced their children’s educational pursuits later in life according to a 2009 longitudinal study of 856 people according to Bowling Green University’s Psychologist Eric Dubow’s research.
Achieving success is no different.
Your success is often dependent upon who your have in your social network.
If your social network is comprised of successful people, success has a way of rubbing off on you.
Like a virus, your success-focused social network will infect you with their Rich Habits, their positive thinking, their good decision-making, their desire to improve every day, their smart money habits and their work ethic.
Conversely, if your social network is comprised of people who constantly struggle in life, their failings have a way of rubbing off on you.
Like a virus, your unsuccessful social network will infect you with their Poor Habits, their negative thinking, their poor decision-making, their lake of desire to improve, their poor money habits and their poor work ethic.
Success is a process. A big part of that process requires that you surround yourself with individuals who are success-focused and possess good traits. That process also includes minimizing exposure to individuals who possess bad traits that are dragging them down in life.