Happy Father’s Day to All
/I hope you are enjoying celebrating with your family.
In honor of father’s day, I would like to honor the fathers near and dear to my heart, and yours. And if you’re reading this as a Dad, thank you for fathering your child the best way you know how! I trust that you are spending time with your dad or the father-like figures in your life that are still with us as well as those who have passed on before us.
I will start with my Dad, who has been a phenomenal father! Since you haven’t had the pleasure of knowing him like I do, I want to share one simple piece of advice that has helped me live the wealthy life I so deserve. I think this may be relevant for you or someone you know:
“There’s no shame in being unemployed. There’s only the shame that comes with not doing anything about it.”
For me, this advice came right on time when I found myself unemployed from a job that laid me off nine months into a role. Lord knows many people have been unemployed in the COVID-19 era. And while you may not be unemployed right now, you may have shame about something else - a financial situation, a relationship, a mistake that you made years ago. Shame might be holding you back from pursuing a wealthy life. Guess what? You can deal with the shame and liberate yourself to move forward. You may need some time, a therapist, someone to hold you accountable, and/or to take action in some way to move past the shame.
You can find out about the other ‘wealth advice’ from the extra special Dads in my life - my husband George, my Grandpa Shine (my Mom’s dad), and my Grandpa Maning (my Dad’s dad) by following along on my Instagram this week, and you may have seen posts already. Here’s the sneak preview:
George Johnson
“I want our daughter to have the experiences and entrepreneurial mindset that make her believe that her dreams are possible.”
George wants to create intergenerational wealth for his daughter!
Grandpa Shine
“Give me some sugar baby.”
He made me feel loved EVERY time I saw him. Love is such an important ingredient in creating a wealthy environment.
Grandpa Maning
“Come over here so I can give you some dollars.”
My grandpa Maning would shower my brother and I with 4 to 5 extra crisp, just from the bank one dollar bills during our visits. He made us feel worthy of the money he gave us in the simple gesture of opening his livelihood to us in a consistent manner.
Here are a few articles and concepts on wealth wisdom from other Dad’s that you might find beneficial to you:
Following my dad's hands-off investing advice helped me grow my bitcoin portfolio substantially, even in a wild market.” I agree with one of the big takeaways from the article - trying to time the market is simply difficult and a recipe for disaster. I learned this also from the men, many of them fathers, that I used to work with at JPMorgan. At the end of the day, jumping in and out of stocks and investments trying to find the best place to buy or sell is a recipe for disaster. You can also move away from trading toward investing, wherein you can allow your portfolio to work for you by not touching it too often.
Spend time talking to your kids about investing, and invite others to join in. I recently chatted with a dad who gets together with 4 other dads and their kids every month to discuss stocks and investing. They approach talking to their kids with a mindset around education and exposure. If you expose your kid to knowledge, he or she will absorb at least some of it!
Fatherly advice can come from men who are not your Dad. I gathered a lot of investing advice from my mentor and former boss Jonathan Simon during my time at JPMorgan. Because Jonathan had his own children who were about 10 years younger than me, he also thought about the world through their eyes. As such, he shared a lot of techniques and time with me because I was intellectually curious about how to be a good stock picker. If you have other men in your life that have wisdom that you want, soak it up like a sponge.
A Wealthy Girl Corner
I need your review, please. I recently received the below review on my book on Amazon. Please do drop a review of my book on Amazon if it inspired you in any way. I’ll let you in on a little secret: The more reviews an author has, the more a book gets automatically recommended to others. I would love your help in spreading the wealth to others. You can leave a review on the Amazon book page HERE. It takes literally 2 minutes. If you’ve already done it, I am SO grateful!
