Why the People in Your Social Circle Often Define Your Net Worth If you aspire to be smarter and wealthier, consider surrounding yourself with smarter and wealthier people.

By Peter Voogd

Opinions expressed by Entrepreneur contributors are their own.

If you want to get to a higher level, talk to people at a higher level, says Entrepreneur Network partner Peter Voogd.

At one point in his career, Voogd made the realization that everyone he was interacting with was at the same professional level as him. Eventually, Voogd came to conclusion he should adjust his circle of influence.

As Voogd puts it, if you surround yourself with five confident people, it is most likely you will become the sixth. To put it another way, if you surround yourself with five intelligent people, then it is in your favor to perhaps become moe intelligent, as well.

Voogd notes that one of the most life-changing habits you can make is forming relationships with and connecting with people. In a nutshell, your circle of influence can make or break you.

Click the video to hear more.

Related: Why Building Confidence Goes Hand-in-Hand With Building Wealth

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Amazon Fire, Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Peter Voogd

Leading Authority for Young Entrepreneurs

Peter Voogd is the author of the best selling book 6 Months to 6 Figures, as well as the founder of The Game Changers Academy. He's a leading authority on Gen y leadership who has trainedand inspired well over 4,500 entrepreneurs with his true story of going from dead broke to a six figure income within six months. His podcasts, videos, websites and social media reaches more than 200,000 people monthly.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from Peter Voogd

What You Should Do When You're Not Where You Want to Be

How to Turn Anxiety Into Confidence

Why the People in Your Social Circle Often Define Your Net Worth

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Baby Boomers Over 75 Are Getting Richer, Causing a 'Massive' Wealth Divide, According to a New Report

A new paper outlines the three factors driving the generational wealth divide. Here's how some baby boomers keep getting richer.

Growing a Business

Your Startup Seems On Track — But An Invisible Growth Blocker Says Otherwise

Your startup may seem on track, but an invisible growth blocker in your tech or team could be quietly holding you back from scaling successfully.

Business News

CEO Apologizes for Viral Hat-Stealing Moment at the U.S. Open: 'Extremely Poor Judgment and Hurtful Actions'

A Polish CEO has apologized for the caught-on-camera incident and said it was not his "intent to steal away a prized memento from the young fan."

Business News

Starbucks Bets Big on Protein Cold Foam, Protein Lattes Hitting Menus This Month: 'Growing Consumer Demand'

Starbucks announced on Tuesday that the coffee giant is "all in" on protein.