My grandparents have been a huge part of my life and continue to be. In fact, I learned a lot about money from them. Both grew up in poverty and were able to build a comfortable middle class life, the benefits of which I’ve enjoyed on my own journey.
When the topic of saving money comes up, it seems to have a negative connotation. You’ve probably noticed that it goes something like this: “I’d love to save, but I just can’t afford to.” Instead of something positive like, “I know how important it is to save for my future, so I’m willing to make some sacrifices.”
I must have a real reason or maybe several reasons why my mindset has been too ingrained to keep saving. There are the basic reasons like for retirement, keeping an emergency fund, to provide a nice cushion for BwC’s college fund and to save for a home we’re still pursuing. But there has to be some deeper meaning to having this task to keep building my wealth.
Find a job that is inspiring, that doesn’t feel like work. When work is fulfilling for its own sake, why would you even want to retire? It might not pay as well, but you will want to do it for longer.
So, your kid wants an iPhone. And probably not just any iPhone; dancing around in your kiddo’s head – besides the sugar plums – are pictures of them playing with the latest and greatest iPhone.