Having walked the path before his children, a father’s honest advice on financial matters is surely as authentic and applicable as it can get. What better opportunity to recall and start applying some of the most important lessons we have learnt through Dad on this Father’s Day?
1. Living below your means:
Dad was all about having and sticking to a budget. He always had an emergency fund; made sure he spent less money than he made; and most importantly, he always ensured he put as much money as he could towards retirement.
Dad did everything he could to provide the best for us. Even when he faced some unexpected turns in life, he was able to overcome them because he was always prepared.
2. Making your money work harder:
Everything Dad has today is earned through his own effort; including the passive income streams he has built through his foresight of planning ahead.
He knew that it would be difficult to live on just his savings – hence he consulted professional advice and used holistic strategies to create a comprehensive plan.
3. Staying focused on what matters:
Dad would always say, “Keep your focus!” It got a bit repetitive at times, but his intentions were always well-meaning. From his own experience, he knew how easy it was to get overwhelmed with multiple financial responsibilities and life goals.
So he drove home the importance of planning for the future as strongly as he could, by showing us through his own example, how he achieved it.
Dad has shown us how crucial it is to manage your finances well – and the best way to honour his wisdom is to pass it down to our own children! Happy Father’s Day to all amazing dads in the world.
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