Money Lessons

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I had so much to learn about money and how to make it work for me. Photo by Markus Spiske on Unsplash

I came home from visiting Noel to find everyone in the kitchen cooking. We got to talking and after I told them about the incident that happened while I was as Noel’s. It prompted a lesson about money and how to make it work for you. The conversation had the children’s full attention and when we sat down to dinner that was when the back and forth started.

As we settled down to dinner we continued to talk.

“So dad, explain how you made your money work for you?” urged Shane as we sat down.

“Well they are several methods,” he stated to tell us. “ Some low risk, some middle risk and others insanely high risk.”

“Which ones do you use?” asked Kyla as she poured salad cream dressing over her veggies.

Mr. Divine laughed. “All of them.”

Kyla smiled at his comment.

“I rotate my money between stock market investments, high yield accounts, money market and treasury bonds. I set money into fixed, high-interest accounts in cycles or fixed deposits.”

The kids looked at Mr. Divine confused as they waited for more of an explanation.

“So I have a business from which I get a monthly salary. From that, I established a budget. What I need to send each month to pay bills and survive and a little fun money. Then I have the money I plan to save and use for investment. I also have an emergency fund.”

As we ate he explained more. “For me, a cycle is every three months. I take the money I saved over three months then divide it into sections and invest it. Some I put into investments that mature in five years. Others go into the money market, another set into the stock market.”

The children sat there listening, and I could see Kyla had on her thinking face.

After Mr. Divine paused she started with the questions.

“So you have your investments set up that after the initial investment period you get a lump sum coming at you every three months. You can then re-invest it as is when it matures or add on money that you set aside to invest.”

Mr. Divine laughed in delight. “And you, my dear, are thinking like a successful business person.

We spent the rest of the night talking about investing and investments. How to manage them. The risks of the stock market. Making smart investments. Overextending yourself. It was an educational night. Not just for the children but for me as well.

The next day I dragged Mr. Divine with me to the bank. We looked at my account and the children’s accounts. Next, we removed three-quarters of the money from each account and make our way to the credit union and investment broker. It was time to make our money work for us.

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