9 Money Tips from Dad

With Fathers’ Day coming up on Sunday, I’d like to share this excellent post containing some great thoughts about money.  Enjoy the day!

Steve

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This post comes from Len Penzo at partner blog Len Penzo dot Com.

Kids, with Father’s Day right around the corner, I hope you don’t mind if your dear old Dad takes a few minutes to give you a little bit of fatherly financial advice.

Despite what your mom says, I don’t profess to know everything — OK, I guess maybe I do — although in this case you’ll have to trust that what I am about to tell you is absolutely true. Remember, I learned a lot of this stuff through past mistakes and hard-earned experience.

1. He who dies with the most toys doesn’t win. A lot of people mistakenly believe that if they could live like the small minority of wealthy people they see on television, all of their troubles would be gone. They’ll tell you that life is defined by the sum of your material possessions and how “large” you live — whether you can afford it or not. Don’t believe them. The ironic truth is that a rich life is defined by the things money can’t buy.

read the complete article here:  9 money tips from Dad- MSN Money.

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