''In a year when we had enough money for deposit and we started looking for property feeling great and secured our life was challenged by disaster''.
Here I go, my first post. I am excited, hopeful and worried. It's a massive bag of feelings. I am 35 years old, father of a 12 year old son and happily married over 10 years now. I always worked hard for the money I earned and I thought I manage them well. We were making more and more money ,which allowed us to spend more, as you do ;). We did save some and we began thinking about investing into a property. In a year when we had enough money for deposits, we started looking for a property, feeling great and secured, our life was challenged by disaster. I had a car accident and I couldn't walk for 3 months. I didn't work for almost 2 years. I am still effected by the accident as my spine was damaged and I have to live with consequences for the rest of my life. I can no longer work as I used to. I think now is the time to work smart not just hard.
I am putting a video here to show you what I mean by working smart not hard :)
It is true that you are going to find out who is your real friend when you will be in need. I had many friends and it came out that only one stood by me at the difficult time. I don't know how I will thank him and his family enough. I am so happy to have them in my life. If they will see this post they will know it is about them so THANK YOU. If not friends then who are you going to count on? Obviously family!! This situation helped me understand family is the most important thing in my life. I survived thanks to my wife and parents. I still can see my little son coming to the room and looking worried at me every morning before he goes to school. It was breaking my heart but I couldn't do anything.
I was always a fighter so I recovered and we had big chat with my wife about money, security and what we need to change in our life. I will talk more about changes which we made as the lessons begins about how to become money wise.
This situation made me think how I can help my son not to feel the way I did at difficult cross roads in life. I don't mean just to be able to lend him money but to teach him how to make money and keep them flowing when he gets sick.
I have never been taught by my parents much about money, only 'can I afford this or not' and that I have to work hard for the money.
I decided to to start teaching my boy about 'GAME OF MONEY' sooner then later. Just imagine if you talk about money with your kids now, how much advantage will they have by the time they reach 17 or 18 years and start to work and get overwhelmed by cash flow. Who is going to have bigger advantage:
18 year old learning already 6 years about money or 18 year old which just started making money and has no idea what to do with them rather then spending them?
We got to the point where I understood that now is the time to take action because I don't want my son to blow all his hard earned money. He can blow some of them but not all. I hope he will understand this and get smart and wise with money. It doesn't matter if your kids are 12, 14 or 16 maybe even 18 years old. It is never to late to educate your selves about money. I hope you will find loads of tips as adults and as kids how to become smarter with cash.
See you in the next chapter.
Chris G.
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