Analysis: Mistakes Made, Lessons Learned

Better Essays
Mistakes Made, Lessons Learned
One of the best things in life is being able to learn so much from a person who is so close to you. I am fortunate enough to have a father who can answer just about any question I have about money. Due to his business degree, he knows exactly what to do when a stressful money situation comes up and I am so grateful that I can always count on his advice to solve any difficulties I am facing. My dad has had many big financial problems thrown at him and somehow he finds a way to get through them all and still makes sure to put money into his savings account. A question I asked my dad was, "What was your biggest financial mistake?" He replied to me that not using his degree from college in his career today. He knew
…show more content…
The decisions my father made to stay financially stable and independent have taught me so much and I am so grateful that his experiences have impacted my life this much.
Part two
As I prepare for the next chapter of my life, I will take these lessons and apply them in my everyday life. The biggest lesson I received from my father is to always chase your dreams that lead to happiness, even if they don 't lead to extreme wealth. Happiness is the biggest paycheck one could ever receive. If you waste your time on something that you think will look good to others, but doesn 't really fulfill what you wished to be in life, then you will end up disappointing your peers due to your unhappiness.
Watching my dad makes all of the financial choices he has made, has shaped me into the person I am today. I got to witness all of his choices, and the consequences of them. So even when he didn 't know what the outcome would be, he did what he thought was best and that choice either became a lesson of what to never to again or what should be done every time possible. I consider
…show more content…
The lessons I have learned throughout my life while watching my father handle his finances,
I will always remember them and apply them in my everyday life. Saving everything you possibly can is a major factor of how successful you are. That will truly show your wealth, not fancy cars and big houses. Dave Ramsey also helped me come to this realization because he consistently stresses how important paying yourself is before you pay anyone else. Paying yourself is by saving, not by buying a new outfit. A couple of years ago, I never paid attention to money or the proper ways to handle it in order to be successful. All that really crossed my mind was how much I had to save in order to buy what I wanted. Which I guess, isn 't the worst thing because I never was in debt because my parents taught me that if I really wanted something I would have to save my money from birthdays, holidays, allowances, or extra chores in order to purchase it. But since I began working and getting to the age that I realized I would be on my own very soon, my understanding of money has changed. I now realize that saving money is difficult because I still have the urge to purchase
Get Access