We learn a lot from our dads, from turning the lights off when we leave a room to how to change a tire on the car, but the lessons don’t stop there. Just in time for Father’s Day, a new survey looks at the lasting impact dads have on Americans.
The research from Beyond Finance finds that moms and dads help shape different aspects of how we think about money, but there’s one lesson we associate fathers with teaching more than any other: the value of hard work. According to their poll of 2-thousand U.S. adults, nearly half (46%) say that their father was the primary person who taught them the importance of working hard to earn money.
Over 70% say they still follow at least some of the financial lessons their parents taught them growing up.
Across all of those financial lessons learned from mom and dad, investing is the one people wish they were taught more about.
For 17% of respondents, their father was the single greatest influence in how they think about money, while 30% say both parents influenced them equally, and 31% credit their mom as the biggest influence.
But people say their dad taught them the most about investing (27%), financial independence as the ultimate goal (27%), planning for the future (31%), & avoiding or managing debt (30%).
Moms were more often credited with teaching money management skills like saving regularly, living within your means, and learning the difference between wants and needs.
That early education is important as many Americans carry those lessons into adulthood. More than four in 10 (42%) say they still follow most of what their parents taught them about money, 29% follow some of them and only 4% say they often do the opposite of what they were taught.
"Whether it's teaching perseverance, responsibility, discipline, or the value of earning a paycheck, fathers leave an imprint that often lasts a lifetime," explains Nathan Astle, Client Financial Therapist at Beyond Finance. "The lessons people remember most aren't always about dollars and cents. They're about the attitudes and habits that shape how we approach life's challenges."
Source: Morningstar
Friday Flashback - Bright Echosmith, 2015
New Year Parachute
Style Taylor Swift
Something In The Water Carrie Underwood
2015
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Jurassic World $652,270,625 |
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Star Wars: Episode VII - The Force Awakens $651,967,269 |
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Avengers: Age of Ultron $459,005,868 |
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Inside Out |
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Furious 7 |
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American Sniper |
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Minions |
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The Hunger Games: Mockingjay - Part 2 |
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The Martian |
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Cinderella |
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Spectre |
1 NCIS CBS 12.8
2 Sunday Night Football NBC 12.6
3 The Big Bang Theory CBS 12.5
4 Thursday Night Football 10.6
5 Empire FOX 10.2
6 NCIS: New Orleans CBS 9.4
7 Dancing with the Stars ABC 8.8
8 Blue Bloods CBS 8.4
9 The Voice: Monday NBC 8.2
The X-Files FOX
The New England Patriots won Super Bowl XLIX in 2015, defeating the Seattle Seahawks 28-24. The game took place on February 1, 2015
The Kansas City Royals were the World Series champions in 2015. They defeated the New York Mets in five games. This marked their first World Series title since 1985. The Royals won Game 5 in the 12th inning with a five-run outburst, tying the Mets in the 9th
Warriors beat the Cavaliers 4-2 in the NBA finals
Top 10 Fatherhood Moments ….According to a new survey by Moonpig
Watching them fall asleep on my chest and not wanting to move an inch
Helping them to take their first steps independently
The first proper smile that made me feel like the only person in the world
Helping them take their first steps and realising they didn’t need me to hold on
The first time I successfully calmed them with nothing but a cuddle and my voice
Being the one they ran to when they were hurt
Sitting up with them when they were poorly
Hearing them tell me they love me out of the blue
A time they reached for my hand in public
The first school drop-off