Tuesday, June 12, 2018

Financial Lessons From Dad




Sunday is Father’s Day.  Many fathers across the country will receive new ties, drills, silly hats or socks, stuff they need or stuff they don’t want.  Hopefully you will get your father a gift he really wants similar to the T-Mobile commercial that shows a Dad going to buy a cell phone for himself and signing his baby daughter’s name. 

Dads often don’t get the love or appreciation they deserve.  After all, they are the other half of the chromosome that creates life.  If you haven’t said thanks to your Dad even if you never met your Dad say thank you, he helped create you.  Just think what life would be life without you.

Now for my advice, Dads always provide advice to their children, no matter what age. Here are some financial words of wisdom from dads. 


  1. Work hard.  Have a strong work ethic which will translate to all aspects of your life.  Your finances are an important aspect of your life and you should take great care to maintain your finances – take time to know how much you owe, how much you earn and how much you spend.  These basic things will help you to develop a plan to get out of debt and plan for retirement.
  2. Save for a rainy day.  Life happens. Unexpected events will occur so why not be prepared.  Create an emergency fund to cover bills for 9-12 months so when something unforeseen happens you have the money to pay for it instead of using your credit card.
  3. Make sacrifices.  Dads always make sacrifices for their family.  You should too, especially financially.  When making purchases consider the impact on your family. If you are single consider the impact to your future.   Determine if the item is a need or want.  Wants can be bought later. 
  4. Pay with cash.  Dad always paid with cash.  He wasn’t too ashamed to skip buying something because he didn’t have the money.  He only bought want he needed and a few extras every now and then and he turned out fine.
  5. Plan for the future. Dad thought about the future.  He went to work every day and paid his bills on time.  He didn’t spend money unnecessarily and lived a modest lifestyle.  He saved money and had a retirement account. He lived comfortably during retirement and his family’s needs were met.

9 comments:

Gulai Ayam Marketing said...

AWESOME THE PROMOTION OF GIRL BEAUTIFUL SALES KLIK HERE SABUNG AYAM BALI

GOOD PRICE AND CHEAP
http://www.gorengayam.co 


PLEASE PRICE DIRECTLY

https://medium.com/@gulaiayammarket/teknik-merawat-ayam-petarung-yang-terluka-di-mata-cb97349a9f77

Unknown said...

I just want to thank you for sharing your information and your site or blog this is simple but nice Information I’ve ever seen i like it i learn something today.

Protected Income

Ayam Jackpot said...

DAFTAR ID GRATIS SABUNG AYAM ONLINE


DAFTAR SBOBET


BONUS JACKPOT SABUNG AYAM ONLINE


DEPOSIT VIA PULSA

Goreng Ayam Marketing said...

DAFTAR ID SABUNG AYAM ONLINE


DAFTAR ID SBOBET

Jessica world smith said...

You can also check your credit report to check for any errors. Errors will be noted if there has been any overrating of the credit account or if the amount of outstanding debts has gone up. If you are curious to know more about resolve credit report problems, head over to the website.

digitizing said...

Nice post, it is useful for me. It is very informative. Thanks for sharing this amazing post.

Capital said...

You have made many gorgeous image embroidery and this is really informative blog article to all the beginners for developing their skill on concern field.thank you for sharing
Embroidery Digitizing

elvina roy said...

Wow it an really amazing blog nice work keep it up ffxi copper voucher

Edvin Berg said...

"Your blog is a true inspiration to me. Your writing is always thoughtful and well-reasoned, and I love how you manage to make even the most challenging topics accessible to everyone."
Costco Tire Promo Code.