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“A fool and his money are easily parted”. That’s something my father often told me as a child. What he meant was: be careful with your money, understand the value of money.
My father is a happy-go-lucky little pocket rocket guy who takes any opportunity to save money. He loves life and he loves eating. I vividly remember the first time he said to me “a fool and his money are easily parted”. I was five years old at the shopping centre with him. Immediately after he said this I decided that instead of spending the money he gave me on lollies and rides, I would save it.
Today I am a wealth manager with Yellow Brick Road based in the booming Sydney area of Parramatta, and I still haven’t forgotten that advice.
Saving is a key life skill, especially for a Wealth Manager and investor. My father’s sage advice is passed on by me regularly: I share it with my kids and teach it to my clients.
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