The second of the posts from the archives of financial expert Sharon Marchisello. Last week Sharon introduced us to financial Lessons from her mother. This week it is the wisdom of her father that she shares.
Financial Lessons from my Father by Sharon Marchisello
My father is long gone, but the financial lessons he bestowed have never left me. As Fathers Day approaches, I reflect on those principles:
Get a good education so you can take care of yourself, just in case.
When I was growing up, the assumption was that if a girl even went to college, the purpose was to find a good husband to support her. But my father expected me to learn how to do something that would pay me enough money to live on. My father’s parents were divorced when he was young, and he watched his own mother struggle to make ends meet. Going to college was out of the question for him, so he joined the Air Force and went later, on the G.I. bill. Both my parents insisted that their children would go to college, and they saved all their married lives to make that happen.
Hang onto your silver dollars.
I took up coin collecting as a child, but coins took a backseat to boys when I became a teenager. In my collection, there were 22 silver dollars from the early twentieth century. My father told me these belonged in the bank for safekeeping. Next thing I knew, my silver coins disappeared, and my father deposited $22.00 into my savings account. Soon afterward, he took over the rest of my neglected coin collection. I often ridiculed my father for depositing my silver dollars in the bank, receiving only face value. However, when he died, I inherited my coin collection back from him, and every one of my silver dollars was still there. And by then, they were worth much more than $22.00. I guess he was afraid I was going to spend them, so he hid them away.
No matter how much you have, give something back.
Share. There is always someone worse off than you. There are countless charities doing good work with not enough resources. My father was active in Kiwanis and Boy Scouts, especially after retirement. I’ve always had a soft spot for animals, so I support many animal charities. Now that I’m retired, I devote much of my time to the Fayette Humane Society, where I serve on the all-volunteer Board of Directors. And charitable donations, as well as expenses incurred doing volunteer work for a qualified charity, are tax deductible!
How did your father shape your attitudes toward money? I would love to hear your comments
About Sharon Marchisello
Sharon Marchisello is the author of “The Ghost on Timber Way,” part of a short story anthology entitled Mystery, Atlanta Style, featuring fellow Sisters in Crime members. She has published a personal finance e-book entitled Live Cheaply, Be Happy, Grow Wealthy, as well as numerous travel articles, book reviews, and corporate training manuals.
Sharon grew up in Tyler, Texas, and earned her Bachelor of Arts from the University of Houston in French and English. She studied for a year in Tours, France, on a Rotary scholarship and then moved to Los Angeles to pursue her Masters in Professional Writing at the University of Southern California. Now she lives in Peachtree City, Georgia, with her husband and cat.
Retired from a 27-year career with Delta Air Lines, she does volunteer work for the Fayette Humane Society. Going Home is her first published novel. The murder mystery was inspired by her mother’s battle with Alzheimer’s, which prompted her to wonder what it would be like to interview a witness or a suspect who could not rely on her memory.
Books by Sharon Marchisello
One of the recent reviews for Live Well, Grow Wealth
Sometimes it can be hard for me to read books due too much going on with content, but Marchisello’s book was a really easy read for me. I can’t do complicated when it comes to books. She was really relate-able, because I didn’t grow up as a math centric person, and I also came from what would be considered a middle-class family. As a 27-year-old, her advice made me think about my life, and what I could be doing differently (therefore better!) with my money. She also changed the way I think about money. I don’t think a lot of people grow up to consider things like a big picture, or what’s going in and out. It kind of gave made better sense of what’s going on around me. A good perspective shift.
Read the reviews and buy the book: https://www.amazon.com/Sharon-Marchisello/e/B00NH6N4WK/
and Amazon UK: https://www.amazon.co.uk/Sharon-Marchisello/e/B00NH6N4WK/
Read other reviews and follow Sharon on Goodreads: https://www.goodreads.com/author/show/4297807.Sharon_Marchisello
About the book
Live Cheaply, Be Happy, Grow Wealthy is Personal Finance 101, a commonsense guide to shrinking your financial footprint. Sharon Marchisello compares managing your financial life to reaching and maintaining a healthy weight, and in ten easy-to-follow steps, she shows ordinary people how to build wealth by living within their means without compromising their values.
The book is available from Smashwords: Live Cheaply, Be Happy, Grow Wealthy
Connect to Sharon.
Blogspot : https://sharonmarchisello.blogspot.com/
Blog WordPress: https://smarchisello.wordpress.com/
Thank you for dropping in today and Sharon would love to have your feedback and questions.
Posts from Your Archives and the theme this time is all about family.
- Personal memories of childhood or teens that are still fresh in your mind.
- Family history, stories of your parents, grandparents and further back if you can.
- Fur family past and present.
- Favourite recipes.
- Memorable holidays.
- Places you have lived.
- Memorable homes you have lived in.
- Grandchildren tales.
- Any family related post – education, health, teen years, elderly care, lifestyle.
- Please remember that there are some younger readers who visit.
I think you get the idea.
The aim of this series is to showcase your blog and any creative work that you do from books, art, photography and crafts. You pick between one and four links to posts that you have written for your own blog from the day you started up to December 2018, and you simply send the link to those blogs to firstname.lastname@example.org
You have to do nothing more as I will capture the post and images from your blog and I will then post with full copyright to you.. with your creative work and your links to buy and to connect. I might sometimes need a little more information but I am quite resourceful in finding out everything I need.
So far in the Posts from Your Archives from September 2017, there have been over 700 posts from 200 + bloggers that have reached a different audience and encouraged more readers for their own blogs and current posts.
The only issue is the number of photographs and if there are more than five photographs in the post I will do a reblog rather than a separate post. (Media space)
Previous participants are more than welcome
If you are an author who would like to share book reviews and interviews on Facebook then please click on the Literary Diva’s Library image