Whether or not you should tell friends how much money you have is a subjective matter and depends on various factors. Here are some points to consider:
Privacy and Security: Revealing your financial situation to friends could potentially compromise your privacy and security. Sharing details about your wealth might make you vulnerable to scams, unwanted solicitations, or even jealousy from others.
Trust and Friendship: While close friends often share personal information, including some financial matters, it's essential to consider the level of trust in your friendship. Some friends might genuinely care about your well-being and be supportive, while others may use the information to take advantage of you or your resources.
Social Dynamics: Discussing money can sometimes create awkwardness or tension within a group of friends, especially if there are significant disparities in financial status. Money matters can lead to envy or resentment, potentially straining relationships.
Culture and Social Norms: In some cultures or social circles, discussing personal finances is considered taboo, while in others, it might be more common and accepted.
Comparisons and Expectations: Sharing your financial situation might lead to comparisons and expectations from friends. If you have more money, it could lead to them feeling inadequate, while if you have less, it could make them uncomfortable or inadvertently set up a dynamic where they feel obligated to lend you money or treat you differently.
Conflicts and Borrowing: If friends know about your financial resources, they might approach you for loans or financial help, putting you in an uncomfortable position.
Support and Advice: On the other hand, sharing some financial information with close, trustworthy friends might be helpful if you need advice, guidance, or emotional support regarding financial decisions.
In general, it's essential to be cautious when discussing personal finances with friends. If you choose to share such information, consider the level of trust and the potential implications it may have on your relationships. You can always seek advice from financial professionals or support groups, where discussions about money are expected and constructive.