Whereas I don’t absolutely bear in mind conversations about cash from my mother, she lead by instance. She by no means had bank card debt. Her payments have been at all times paid on time. She labored onerous and loved herself on her time without work. She didn’t overdue something, however she did have a stability between staying residence and going out.
I bear in mind once I was 8 years outdated (and my brother was nearly 6), she took us to the financial institution to open our first financial institution accounts. We every introduced in our piggy banks and deposited the cash into our new accounts. That financial institution ultimately became Wells Fargo, and now I’ve a 20+ yr banking historical past and relationship with them.
Lastly, my mother saved for retirement early and now in her later years, she doesn’t have to fret about cash.
She proves the facility of compounding curiosity.
Raya and her mother Kathy