Friday, December 4, 2015

Financial Freedom Friday's - Family Money Lessons - Sacrifice

This Thanksgiving my aunt and uncle (42 years of marriage) and my cousins (28 years of marriage) were speaking about sacrifice and financial turning points.

My uncle mentioned when he and his wife first married, they didn't have a television set.  A friend of their's had 2 television sets, so he told his wife to ask if they could borrow one for 1 week.  The friend said NO, then on my uncle knew he had to do for his wife.  My uncle spoke of working a job and choosing to walk to work instead of take the bus and save his bus fair and in 1 year with other savings he bought his first a car, a deuce and a quarter!

Nowadays it seems many don't understand sacrifice or even delayed gratification.  We live in a right now, microwave society.  We live in a society built on excuses as reasons why we can't or choose not to sacrifice.

Financial literacy should start in the home, however, many see their parents consume, consume, consume and others see their parents as frugal and assume that means broke/poor.

Making financial sacrifices in your 20s and 30s helps to ensure you will live comfortably in your 40s, 50s and beyond.

What are you willing to sacrifice now to ensure your retirement? Have you considered retirement? What age you want to retire? How much money do you need to have?

We are on the road to financial freedom and would love for all to join us.

For those in the Chicagoland area, join us at our 2016 Financial Kick-off Event 

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