Comments on: What My Parents Taught Me About Money

By: Mark

Mark — Fri, 06 Nov 2009 00:34:54 +0000

I wish money management was better taught to me. At 21 I’m 17k in debt and jobless fighting my way back to fit. hopefully.

By: zyva

zyva — Tue, 27 Jan 2009 23:56:03 +0000

I agree with your opinion about family is above of all. I think family is very very important for me. When we have happy family, everyday we will feel happy stay in our home, kidding with children, parents, even with our neighbours. We will not feel alone in our life. Our family will help us and beside us when we need, and vice versa.

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Sat, 13 Sep 2008 04:55:39 +0000

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By: Pinyo

Pinyo — Mon, 08 Sep 2008 03:47:58 +0000

@Zeke — I think you have a great attitude. And there’s nothing wrong with being the first to past third grade. Where I came from, not many people in my parents generation have a lot of education, but many of them made it somehow.

By: Pyramid Schemes and Family Values @ The Roundup

Pyramid Schemes and Family Values @ The Roundup — Sun, 07 Sep 2008 18:52:42 +0000

[...] shares with us what his parents taught him about money. Great values make for great [...]

By: Data Entry Lady

Data Entry Lady — Sun, 07 Sep 2008 18:01:25 +0000

Just had to comment Zeke. Perhaps there was a lot of good counsel from some people that wanted the best for you but for what ever reason didn’t have the opportunities themselves. My husband’s mother went to 2nd grade because they were very poor Appalachian farmers and that was the best they could do at that time. She was a smart lady with a lot of sense and did the best for her 8 kids though she couldn’t read. She had one of the best senses of humor too. Not all education comes from a university.

Hang in there with your education and remember the important things.

By: Zeke

Zeke — Sun, 07 Sep 2008 14:04:04 +0000

In my nuclear family I was the first person to get past third grade. As you can imagine there wasn’t much in the way of financial expertise. Primarily the lessons were things like work your job and pay your bills. And large doses of “Trust in Jesus”. A few others were: Own your own home; Neither a borrower nor a lender be; Get your education; and Be your own boss.

That last one is interesting since nobody in our family was in that position, and we only knew one or two people (small grocers) who were. How to be your own boss was never discussed, so I guess it was merely an ideal.

By reading this blog I am still working on Get your education. Nobody ever gave me permission to stop.

By: Pinyo

Pinyo — Wed, 03 Sep 2008 20:55:06 +0000

@Scott — I think that’s a good decision. Beside the potential financial loss, you could be losing a friend. That’s something we need to consider when going into a partnership with a friend.

As far as business with a spouse, I think it’s different. I wouldn’t hesitate to going to business partnership with my wife.

@Data Entry Lady — I think working smarter is a great lesson to learn. Likewise, I am hoping to teach my son good life and financial lessons.

By: Data Entry Lady

Data Entry Lady — Wed, 03 Sep 2008 12:20:40 +0000

I didn’t have the same advantages you had but I did learn that I wanted to work smarter instead of harder as I had seen my mother work very hard physically all her life. I also chose to be a principled person that applies honesty.

You had very nice parents that taught you some excellent lessons. We tried to give our sons pretty much the same things and managed to get them through college, smart, good work ethics and morals. They also know that money is just a tool and not the important thing in life. I know your parents are proud of you because I am proud of my sons!

By: Scott @ The Passive Dad

Scott @ The Passive Dad — Sat, 30 Aug 2008 01:18:20 +0000

Your parents gave you much more than the basics and sound like you learned a lot from your dad’s business ventures. It seems tempting to start a business with a friend, but the fear is that relationship could be impacted if the business went sour. I’ve also considered buying real estate with friends as well, but then thought I might want to settle for another investment that is more affordable. If you purchased investment property with your spouse, would you consider this mixing business with a friendship?