Money lessons from dad: Financial wisdom passed down through generations – Pt 5

FATHER’S Day is a time to celebrate the men who have shaped our lives, offering guidance, support, and wisdom. Among the myriad lessons fathers impart, one of the most enduring and impactful is the understanding and management of money. Whether it is from their words or actions, our dads are often our biggest role models.

From teaching the value of a hard-earned dollar to demonstrating the importance of saving for the future, dads play a crucial role in shaping how we view and handle money. As we honour fathers this year, we hear from a few children of JMMB representatives, how their dads have impacted valuable financial lessons. After all, the best measure of a father’s legacy is reflected in the values and knowledge that he passes to his children.

Dad: Ryan McMorris, manager, client partnership, JMMB

Son: Rayne McMorris, 11 years old

Money lesson: Always try to spend on the things you need and not on the things you want.

Even at 11 years old, Rayne is clear about the difference between wants and needs, and as such priorities his “disposable income” accordingly.