Teaching Gratitude For What You Have To Our Future Generation!

I was privy to a story where a newly employed younger person went out and bought a car on credit worth $40000.

Now I won’t say anything, because I have bought cars on credit (never new but still).

And I am still paying for my last vehicle, another 2 paychecks and that purchase will be paid…so happy…never buying anything like that on credit again (learning here and trying to teach my kids the same).

The thing is, if I look at the parents in this situation, they also change vehicles every couple of years and I’m sure they do not pay cash for any of them.

Children learn by what we do. I’m not saying they won’t do anything on their own, but they do pay attention to how we live our lives. And the least we can do is try to help them avoid the pitfalls of what the “Jones” are doing and buying.

Instead of being cautious and steering her in a “you have a working car that is good right now, why don’t you save up for a new one and then pay for it cash when you have the money” situation, they instead are as excited as her at her purchase.

I’m assuming since it’s her first purchase, her interest rate won’t be that great and that she might actually end up paying much more than $40000 at the end of the term (that is if she actually keeps the car for the full term).

Teaching your children to be happy with what you have and to delay the instant gratification thing is something we should all be teaching our future generation. But we have to practice it first.

A new anything is not the secret to happiness and fulfillment. It may bring you a quick rush, but I hardly think it will bring for $40000 worth of rush and excitement or roughly one year’s salary for this kid. Not withstanding that as soon as you drive it off the lot, it depreciates in value at the tune of 11% from what I’ve been reading. And that after 5 years the car is worth around %40 of what you bought it for (this is depending on the brand of course, some cars hold their values more, but they ALL depreciate regardless).

It’s nice to have the money to be able to get the credit approval to buy things, however, we should be teaching our children that loans are not our money. That this money is lent to us and we pay high prices in interest for those loans. Even if the interest is not high, the depreciation of things are.

I so wish the schools would teach our future generations that it’s important to take all into consideration when buying new stuff.

Gone are the days from our grandparents when you bought a beginner car and worked your way up. The credit companies have made sure of that. They encourage to build your credit, saying that you won’t be able to buy anything if you don’t have a credit rating, never once encouraging saving up for the actual thing itself and then buying it.

By buying everything on credit, it enables them to hike prices that could not be that high otherwise if you had to pay cash for everything. Like a half-million dollar home that you can take your time to pay and pay you will (almost twice the price by the time you are done).

If you could only pay with what you made and saved up for, I believe we would live in a much different world cost wise.

This is why we need to put it all in perspective for ourselves and our kids. To teach them how to be happy for what they already have and stop the pattern of always wanting more thinking it will make a huge difference in their lives. Why can you not have the same satisfaction out of a $5000 or $10000 car that is completely paid for but rides just as nice and offers what you are looking for?

Do we really want our children to start their lives needing to work all the time because they are stuck and crushed under mountains of debt before they turn 25? Or would you rather they have savings, and investments so they don’t have to work their entire lives to get out from under debt?

It starts with a mindset of gratitude for what you have, and as much as people think you might be preaching, doesn’t it follow through with practical advice that you must teach them how to do it?

I do believe that if you can give them the gift of being smart money wise, they might stand a chance to have much more fulfilling life, instead of feeling they have to work way past retirement to make ends meet. And that is an excellent gift to give.


Is saving money always on your priorities list of things to do, but somehow you can never get to it because you keep running out of time. Here’s a step by step of how we saved money over the course of a year to give ourselves more breathing room to pay down some debt and just have a bit of cash for stuff we wanted to spend it on without digging ourselves further into debt.

If our journey interest you, my book is available for purchase from Payhip and Amazon for any country. Just click on the picture below and it will bring you to the payhip site.

Go check it out today!




Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s