Money lessons from dad: Financial wisdom passed down through generations – Pt 4

FATHER’S Day is a time to celebrate the men who have shaped our lives, offering guidance, support, and wisdom. Among the myriad lessons fathers impart, one of the most enduring and impactful is the understanding and management of money. Whether it is from their words or actions, our dads are often our biggest role models.

From teaching the value of a hard-earned dollar to demonstrating the importance of saving for the future, dads play a crucial role in shaping how we view and handle money. As we honour fathers this year, we hear from a few children of JMMB representatives, how their dads have impacted valuable financial lessons. After all, the best measure of a father’s legacy is reflected in the values and knowledge that he passes to his children.

Father: Peter Thompson, group client investment manager, JMMB  

Daughter: Chloe Thompson, 13 years old

Money lesson: Always pay off your credit card at the end of the month.

Although much too young to have her own credit card, Chloe will not be caught in the credit card trap, as, “One money tip I’ve learned is to always pay your credit card off at the end of the month, my dad models this behaviour.”