What I learned … Personal Finance observing others

What I learned ... Personal Finance observing others

In my family I was taught, as a child, before review was listening.

I learned to observe and think. Maybe that’s why I’m a quiet person, I speak a little conversation unless you have something valuable to contribute.

That made me a person with certain visual and auditory acuity. In this way, I’ve noticed that sometimes things are not as they seem, or as the people want to see. There are different perceptions and opinions about the same situations.

Listening to adults, since childhood, I learned to understand different points of view help us to form a judgment. That teaching has been one of the most valuable of my life because it helped me to develop a very analytical mind.

They say you can not experience from somebody else and it’s true.

But yes you can learn from others: the others live situations – and how to manage them – and the example they give us.

How I learned many things – and personal finances?

Through watching and not heard, as my abita, I learned many things from others who have allowed me to better manage my money and personal finance.

From childhood I saw how many people lost everything after the earthquake of 1985 and had to live in tents a good time on the ground once occupied the building they inhabited. That impressed me. So I learned the importance of home insurance: it never would happen to my family.

I also witnessed many fights at home for money and learned that couples have to talk and set common goals. My dad was very stressed out every time I opened the statement of the credit card and saw everything that had been spent. He is working more to pay those debts and always succeeded, but the hard way.

But there were also contrasts. My grandparents, however, were highly ordered in money management. Everything made in a methodical and planned manner. Ever found a book in which my api did your budget and expenses that were given in each category. One page per category, up to the amount allocated, then the cost to date. Never passed, none. It was impressive. Then I learned the importance of budgeting and being disciplined in our spending.

But the experience gave me more. At school I lost one of my best friends from school. They had to pull out because his father lost all his money in a business that did not work out. This was just the beginning: the family fell apart and the origin of all this was the lack of money. I learned that it is important not to stake everything on a business, but to take calculated risks.

I had to also see the opposite: people who began to go well and as a result began a life of luxury beyond their means. Another good friend was a person like me, but suddenly her family started going better: They bought a big house, cars of the year, video games and many other things. That gave me taste. Until he and his family decided that we were at their height – and broke the friendship. I learned this money can also bring out the worst in us.

Interestingly, a few years after his father had turned their shirts: all that was built on a foundation of paper. Then I learned what it means to want to have a lifestyle that can not pay.

Anyway, in my life I have learned a lot about personal finance – what you should and should not do, through the experience of others: to witness a part of their life story.

But it is not pure observation which has allowed me to learn, but the analysis and reflection on what I’ve seen or heard. That’s what builds own thinking, which we forge criteria and allowing us to take to apply everything we’ve seen to build our own history.

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