It’s a discussion series! We will like to have an open house discussion with our readers. We have heard from some and will like to share them.
In his book, The secret of the Millionaire Mind, Ted V. Hecker explained the high significance of parent/guardian modelling in the money blueprint of an individual. We, as humans, tend to be identical to one or a combination of our parents in the arena of money.
So, our first discussion question is What money lesson did you learn from your parents?
Here are some responses we got:
My parents taught me to earn every kobo. Let every kobo you get be from what you’ve worked for. In that way you learn to spend wisely and sustain a balanced budget.
Invest more (shares, bonds and derivatives) and save less. You have your money give you its original value all time.
My parents taught me to save and not spend all I have. This has helped me a lot.
I’m sure you are beginning to relate with this. Money lessons, both consciously and subconsciously registers into us and begin to play out in our financial life.
- Consider the habits and patterns of your parents around money and wealth
- Understand clearly their effects
- Identify those which have negative effects on you and consciously disassociate yourself from them.
The discussion series continues….. Stay glued.
We believe in you!
To your financial independence and freedom.
Originally posted on August 13th 2018 on www.thefinancialliterate.wordpress.com (A previous version of The Financial Literate)