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Change Your Family Tree By Making Solid Financial Decisions

by The Happy Rock on October 15, 2007

family-tree-kids-children.jpgIf you have ever listened to Dave Ramsey, there is a good chance you have heard him say “go and change your family tree”. It is a beautiful saying that paints a wonderful backdrop for our motivation to make healthy and wise financial choices. The idea being that the money choices we are responsible for now can and will affect your children and family. These are huge shoes to fills, and they get even bigger when broaden the perspective to grandchildren and great grandchildren.

Let’s not operate out of fear though. Be encouraged by that fact that if you stop your family’s reliance on debt, or align you decisions with your values, or even make wise investment choices, those choices will positively affect your family tree for generations to come. Think about being the grandparent that your great grandchild points to in photo albums and say he is responsible for changing the family’s relationship with money.

You can see that power of this principle at work when a couple’s perspective changes upon hearing that they are pregnant. The ensuing scramble to undo or right their financial ship is often frenetic. Too often those changes die and shrivel, as life, not us, starts to take control again.

The beauty of the saying is that is takes our focus off of us, and gives us something bigger and more wonderful to live for. When we hang on to those types of higher purposes, we receive long lasting sustainable energy. When we are motivated by short sighted and selfish goals, the changes are often short lived.

For those without immediate family, don’t be discouraged either. The trick is to find motivation from goals that are bigger than ourselves, and not on things that lose their appeal when the next new invention or model comes along.

{ 3 comments… read them below or add one }

Pinyo October 21, 2007 at 1:24 pm

I think this is a very powerful concept and I do believe in it. This is more evident in the financially poor population. I have seen people who make poor financial choices that raise children who themselves make poor financial choices, or worse, they drag their children down with them.

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Caroline December 15, 2008 at 7:44 am

This is absolutely true. One of the most important things parents can give to their children is a sound financial education.

Based on personal experience however, I find that poor parents will often impart the same knowledge they got as kids, to their children, thereby perpetuating the cycle.

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REnergy February 24, 2009 at 1:31 pm

Thank you for this post. I wish my own parents had listend to advice like this. They never managed to change the family tree as it were. I’m pulling it off though :)

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