Here is my childhood story about personal finance. It should shed some light about my background.
I come from a small village in the mountains in Southern Poland. There are less than 200 people living there. I climbed my way up from the bottom to the top, sort of. In my thirties, I ended up living in mega cities in China.
When I was around 10-years-old, my father started bringing me with him to work. He has been having his own business in Poland for over 20 years working as a sole trader. He makes high-end hardwood floors. And, he is really good at it – a real master of his craft.
In addition to going to regular school, I was helping my father at his business during summer and winter holidays to earn my first money.
By bringing me with him to work at such as young age, it was his way to teach me financial responsibility. And, it was my way to earn my first money as my parents were rarely giving me any pocket money.
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Well, this money-earning game has not changed much over the decades. If you want to earn money, you need to work for it.
Simply, there have always been three ways to earn money:
- You start your own business and work for yourself selling goods and providing services to your clients.
- You sell your time, knowledge and skills working for someone else.
- You put your previously hard-earned capital to work to let your money make you more money.
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Moral of the story: It is important to learn to earn and save money from a young age. By saving your money, you can achieve your financial goals and build a secure future for yourself.
