7 Lessons on Money my Dad taught Me

Its great having a father you can learn from and not too long ago, I learnt a lesson from my Dad, 7 actually, on money and I think it is worth sharing so here goes.


1. DECIDE TO BE WEALTHY
-Wealth doesnt come by mistake. You have to work towards it and hard too.

2. TAKE RESPONSIBILITY FOR YOUR MONEY
-Dont shift blame for your final level. Ok, so the bank didn't give you the loan, or your debtors haven't paid you. Those could pass for excuses but would you rather be poor because you have an excuse to offer.

3. KNOW HOW MUCH YOU HAVE
-It would help your expenditure and profit making. Its wise to know the exact amount you have in your pocket, purse or wallet and even your bank account.

4. KNOW WHERE YOUR MONEY COMES FROM
- You must protect the source of your money. It only makes sense that if you don't ever want to go broke the source of your money should be guarded jealously.

5. KNOW WHERE YOUR MONEY IS GOING
-Blind spending is unprofitable.

6. KNOW EXACTLY WHAT YOUR MONEY IS DOING
-For accurate evaluation
. Sometimes we give out money for a certain project or assinment and dont follow up on that project. Bad idea. Even if you are sponsoring a kid to school and you are giving him the cash in hand, make sure he spends it on his school fees and on the school you enrolled him in. He could get himself enrolled in a public school where he pays nothing and spends your money on something else.

7. KEEP A PORTION OF WHAT YOU EARN.
-The seed is better than the meat. Then of course the seed has to be sown. Aint it?