Both sets of Nate’s grandparents raised his parents with a depression-era mindset. Nate remembers darning his socks as a kid. It’s just what they did.
They saved almost everything, from the paper bags in which he carried his lunch to school to the toys and clothes he outgrew.
None of his friends’ families were such tightwads.
So Nate got a job as soon as he could, and started spending his earnings on the things he thought he needed.
Dad insisted that he put aside the first 25% of anything he earned, or he wouldn’t allow him to keep the job. That money got used to pay for his college during the semesters he goofed off and didn’t accomplish the GPA at which dad agreed to reimburse the expenses.
Finally out from under their roof, on his own after college, he went on a spending spree. He had all the latest stuff. Always.
Ralph Bender here for Enduring Wealth Advisors®
Nate is bright, hard-working, and makes a lot of money now. But it wasn’t until Sarah took over the bill paying that his spending got straightened out.
Her upbringing didn’t result in the same kind of frivolous behavior, and together they make a great team.
Nate is now on board with responsible spending, they do enjoy some of the finer things of life, but they also forego a lot of wasted spending.
Now it’s time to get some of that money working for towards their future goals, and that’s where they need advice.
You see, living within your means just gets you into a position to build wealth.
Give us a call if you’re spending less than you earn and we’ll pace you through life’s crossroads and on to your future financial milestones.
Gotta run!
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