1748: Friends with Money: Smart Strategies for Managing Wealth Gaps in Friendships

Have you ever felt uncomfortable splitting a dinner bill with friends or hesitated to join a group vacation because of the cost? Maybe you’ve wondered if your friends view money the way you do. Friendships are one of the most rewarding parts of life, yet they come with their own set of challenges—especially when money enters the picture. Today, we’re diving into this problem with someone who has tackled this topic head-on. Kristin Wong, an award-winning journalist and author, has explored the subtle, often unspoken ways wealth gaps can impact friendships. Her recent article in The New York Times uncovers the nuances of these situations and how friends navigate the social and emotional dynamics of financial imbalance. Follow Kristin's Substack, "Untranslatable."Join the So Money Members Club.Download Farnoosh's free investing blueprint.Hang out with Farnoosh on Instagram.

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*** Named a Best Podcast By The New York Times, Time Magazine, Real Simple and MSNBC *** Host Farnoosh Torabi is an award-winning financial strategist, TV host and bestselling author. With over 40 million downloads and multiple Webby wins, So Money is dedicated to sharing inspiring money strategies and stories straight from today's financial leaders, bestselling authors and entrepreneurs. One day, hear an intimate money conversation with industry greats like Queen Latifah, Barbara Corcoran or Margaret Cho. Another day learn the basics of cryptocurrency and its impact on our wallets. On Fridays, tune in as Farnoosh answers our most pressing financial questions about saving, investing and building wealth. Advice and insights always delivered through a lens of equity, inclusivity and the changing world we live in. Want more? Join the So Money Members Club at SoMoneyMembers.com.