10 Things I Wish My Parents Had Told Me About Money
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When I was a child and a teenager I never thought that I would have to earn my own money, as my parents often would give me whatever I asked from them and I simply did not have to worry about money. It was like having a built in ATM with no payment due. For a younger person, that seems a fine idea at the time, but you get older and things change. Unfortunately ideas about money often are very difficult to change. The ground rules are set at a young age. Money and how to treat and handle your money and finances should be taught beginning in early childhood.
Every time I asked for money, they replied, “Get your own money, child. You are too old to depend on your folks.” I would protest, “You have given me everything since I was young and now you are going to cut off my expense? It is like cutting off my oxygen supply. I can die.” Seriously, at one point I thought I was going to die without this money. After all I have been being fed with all the money had given to me. I had been given fish but had never been taught about trying to catch my own fish. It is a certainty that few fish jump into one’s net simply because a person is hungry. I began to think of 10 things I wish that my parents had told me about money.
I wish that they had told me that “Earning money is difficult.” That would have stopped me from lazing around town and spending every dime I had in toy stores or fast food restaurants. If only they had told me that “Money is very important.” I would have saved all of my money or at least a part of it in a piggy bank so that I could use it when I grew older.
If they had told me “To get money you must work.” I would have worked on finding a job that earned more money instead of loitering around doing nothing but wasting time. How I wish they had told me that “People will not give you money for nothing.”
Then I would have tried to generate some income rather than throwing away most of my income on whatever struck my fancy.
If they had told me that “Poor people cannot eat because they don’t have money.” then I would have give some of my share to charity. I also wish they had told me that everyone gets older even me.
I wish that my parents had told me as hard for you that it is important to make your money work twice as hard for you as you did for the money.
However, nothing is more important than telling me that “Property is money.” Then I could have bought my own house rather than renting, which has taken a large sum of my money every month to pay for a house that is not my own and never will belong to me. The last thing I wish they had told me is that “There is no free lunch in this world.” Then, I would not have given so many of my lunches away, thinking that my lunches had come on the cheap side again. One other thing that I wish my parent had told me about money is that Money once spent is gone, but money invested remains with you. These are the things that I will tell my children, even though they are young.
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21 July 2008, 12:18 am
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