The best financial advice I’ve received didn’t come from personal finance books. It came from my 7th grade history teacher and the Bible.
It’s Friday, and I’ve come down with a terrible cold. Since I’m not feeling well, and I can’t come up with a brilliant post idea, I thought I’d let you all teach me something today.
I would love it if you would comment with the best financial advice you’ve ever received. It could be about anything: debt, saving, frugality…anything you think would fit. I could learn from you, we all could learn from each other, and I would get some great ideas for things I should be teaching my children.
I’ll go first. The best financial advice I received actually came from my 7th grade history teacher. It was 1982 and I was attending a Christian school. My history teacher had gone off on some tangent, totally irrelevant to the lesson.
Out of the blue, it seemed, he quoted Proverbs 22:1.
A good name is more desirable than great riches;
to be esteemed is better than silver or gold.
I remember the teacher looking at us very seriously, and telling us to never compromise our integrity for money. Riches are temporary. You can gain riches, lose them, and gain them back again.
Your name, however, sticks with your forever. If you do something to compromise your good name, the ramifications can stick with you for a lifetime. It’s tough to shake a reputation of being someone who will lie, cheat, and steal for monetary gain.
Making an honest dollar may mean choosing the hard road sometimes, but in the end it will pay off. People will trust and respect you. It’s better to do that than to gain quick riches in less than honest means. Eventually your well will dry up, and people won’t trust you enough to give you a second chance.
Integrity is important.
What’s the best financial advice you’ve ever received?
Photo by Lin Pernille Photography.
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I'm just an average mom, trying to live a frugal life and get out of debt. I write about things that have (and haven't) worked to improve my family's financial situation. What works for me may or may not work for you, and you should always consult a financial advisor before making important financial decisions.
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