Father –
The First Financial Teacher in Life
Father’s
Day – June 21
Mr. K P Venkatarama
Krishnan,
Founder, Viruksham
Finmart Private Ltd
Father’s Day
is celebrated around the world on June 21. A father’s role in a child’s life
goes far beyond providing protection, education, and guidance. He is often the
first teacher who introduces important financial values such as saving,
spending wisely, budgeting, and investing.
The
statement, “From pocket money to life’s biggest decisions, Dad was our first
guide to financial wisdom,” beautifully reflects an important truth. Many of
the good financial habits we practice today are rooted in the lessons,
experiences, and advice we received from our fathers.
Important
Financial Lessons We Learn from Fathers
The
Importance of Saving
In most
families, children first learn the value of saving through their fathers. They
teach us that even small amounts should not be wasted and that consistent
saving can build a secure future.
A high
income alone does not create wealth. Financial security is built by regularly setting
aside a portion of income, regardless of how much one earns. This is a lesson
many fathers teach through their own life experiences.
Understanding
Needs and Wants
Before
buying something, fathers often encourage us to ask a simple question: “Do I
really need it, or do I just want it?”
This habit
helps control unnecessary spending and allows us to focus on long-term
financial goals rather than short-term desires.
Using Debt
Responsibly
Debt is not
always bad, but it must be used wisely. Loans for education or a home can help
create future opportunities and improve quality of life. However, borrowing
excessively for unnecessary consumption can become a financial burden.
Understanding
this balance is an important lesson that many fathers teach through experience.
The Value
of Hard Work
Fathers help
children understand that money does not come easily. Behind every rupee earned
lies dedication, effort, and sacrifice.
When children
learn the value of hard work, they become more responsible in the way they
spend and manage money.
Planning
for the Future
Many fathers
develop financial plans for their children’s education, family security, and
retirement needs. This ability to think ahead and prepare for future
responsibilities is one of the key foundations of long-term financial success.
Financial
Values Fathers Teach
|
Financial
Value |
Benefit
in Life |
|
Saving |
Financial security during emergencies |
|
Frugality |
Reduction in unnecessary expenses |
|
Discipline |
Systematic wealth creation |
|
Patience |
Success in long-term investing |
|
Responsibility |
Financial stability for the family |
|
Planning |
Easier achievement of financial goals |
Why These
Lessons Matter More Than Ever
Today’s
world offers endless opportunities to spend money through online shopping,
instant credit facilities, and digital payment systems. As a result, people
often find it easier to spend than to save.
In such an
environment, the financial values taught by fathers—discipline, patience,
saving, and long-term thinking—have become even more important. These habits
are essential not only for building wealth but also for protecting it.
Conclusion
The greatest
asset a father leaves behind is not money, property, or material wealth. It is
the financial wisdom, values, and life lessons he passes on to his children.
The father
who teaches us to save, understand the value of hard work, plan for the future,
and live responsibly becomes our first financial teacher.
On this
Father’s Day, let us express our gratitude and respect to all fathers who laid
the foundation for our financial knowledge and responsible living. May their
wisdom continue to guide future generations toward prosperity and financial
well-being.
Happy
Father’s Day!
🌹💐
For more details and investment..!
Mr. K P Venkatarama
Krishnan,
Founder, Viruksham
Finmart Private Ltd
Chennai
E - Mail:
kpvenkat02@gmail.com
Cell Number: 98410
34997
ARN
274361
Read articles written by Mr. K P Venkatarama Krishnan in
Nanayam Vikatan, a leading personal finance magazine. https://bit.ly/3TVQAHJ
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme
related documents carefully. The past performance of the mutual funds is not
necessarily indicative of future performance of the schemes.
