• The #1 Cause Of Financial Conflict

    Posted on June 15, 2012 by in Business, Family, Friends, Relationships, Workplace Conflict

    It’s hard to believe one simple thing has the power to cause roughly 90% of all conflict.

    Sad, but true.

    The #1 cause of conflict- financial, interpersonal, workplace, family or whatever- is when your expectations are not met.

    That’s it.

    When you sign a 2-year contract for internet or mobile phone service and it’s slow or calls drop out- conflict is created.

    When your child agrees to make straight A’s in exchange for you buying them a car and they come home with a C+ in Calculus- conflict is created.

    When you loan a friend money and they don’t pay it back or avoid talking to you about it- conflict is created.

    When a client agrees to purchase your product and they don’t fulfill their end of the deal- conflict is created.

    When a younger, less experienced co-worker gets that big promotion and raise instead of you- conflict is created.

    Financial Conflict is created out of disappointment.

    So, does that mean you should lower your expectations to avoid being disappointed?

    NO!

    I do suggest, before finalizing any kind of agreement, you make sure each person involved is clear about what is expected from them. Also, be just as clear about what happens if those expectations are NOT met. If everyone understands exactly what happens if expectations are not met, then the severity of the resulting conflict is lessened.

    It may be a little extra work, but it’s well worth the effort.

     

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12 Responses so far.

  1. Sofia says:

    pretty sure my gf visited your website and quoted you during one of our spats earlier this week. wow I feel like a loser now :/

  2. Mike says:

    You are so right. I see “expectations not being met” as the reason for conflict not just in finances but even in places like work.

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