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にほんブログ村
Hello!
I’m President Yasui, running a company specializing in high-pressure gas equipment inspections as a solo entrepreneur.
It’s Monday, the start of the week, but since tomorrow is a national holiday, many of you may have the day off.
The origin of National Foundation Day stems from Emperor Jimmu’s enthronement at what is now Kashihara Shrine, marking the founding of Japan.
While browsing the shelves at Book Off, I came across an interesting book and decided to buy it.
That book is the one in today’s title:
"How to Raise a 'Money Genius': The Financial Lessons Parents Should Teach Their Children to Ensure a Lifetime of Financial Stability."
The author resides in the United States, so the customs and approaches are American, but an interesting commonality between the U.S. and Japan is that parents and children rarely discuss money matters. With that in mind, I found this book both insightful and convincing.
Though it doesn’t focus on how to earn money, one key realization I had while reading was this:
"Being able to save money means being able to practice self-restraint."
The word restraint might sound like enduring hardship, but essentially, it means having the patience to wait.
There are times when we desperately want something but don’t have the money to buy it.
What do children do in that situation?
(Do they try to sweet-talk their parents into buying it for them?)
It’s incredibly easy for parents to give in and buy what their child wants.
But instead of immediately satisfying their desire, what should they do?
They don’t need to give up.
They just need to wait, save, and then buy.
It’s a simple and obvious answer.
However, as adults, we’ve become accustomed to borrowing against our future with credit cards.
Rather than saving, we prioritize immediate gratification and deal with the payments later.
Back when people relied solely on cash, we physically saw our money leave our wallets, making us more conscious of spending.
Now, that awareness has faded.
Learning to endure the wait for something we desire is an important self-discipline.
Children who experience this develop wisdom as they start thinking,
"How can I save money?"
After all, the most important thing is learning to think for yourself.
While what I’ve written here isn’t directly from the book, I believe this book contains valuable lessons on money that parents should pass on to their children.
If you’re interested, I highly recommend picking it up and giving it a read!
Today’s Quote
"Saving money is a form of self-discipline—a way to reflect on and strengthen one's mind."
See you next time!
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