The impact of my education on my money — Step 1: from 0 to 7 years old

I read some time ago the story of my blogger friend Mr. RIP. I liked the introspection concept and thought it'd be a good idea to share some aspects of my own life with you for two reasons:

  1. If you're still young enough, you'd take advantage of the path that I have followed, to achieve financial independence even sooner than I have
  2. For myself because I'm wondering how to give the best financial education to my children, so what better way than to step back and study my own education

From 0 to 7 years old

At that time, my parents were entrepreneurs. So it was normal for me to see work as something where you spend all your time, from Monday to Saturday, from 7am to 7pm.

Saturdays at 6:00 a.m., and this pizzeria

One of my strongest memories is the happiness I felt when my mother was allowing me to get up at 6am on Saturday mornings, when my father needed "help" to prepare a business event. I was just happy.
I didn't see it as work but rather as spending time with my family, while seeing clients walking by all day.

At lunchtime during these unforgettable days, we'd eat in a pizzeria run by Sicilians. It was the kind of old establishment where you feel the heat of the oven invading you when you enter, and the exquisite hot dough' smell suddenly provoking you a gargantuan appetite. We always went at the same place.
I even remember that my mother often made me believe that we were actually not going there and go home to eat instead, but I didn't believe her anymore because she was doing that joke to me every time...

Do you smell what I mean?

We're not not to be complained about financially speaking, but the restaurants were still exceptional moments in our daily lives. And those Saturdays were the tradition.

Well-established principles, often for the best

It also reminds me that my parents never ate outside or went for coffee at the corner café. Never. They always ate their meals at home as they lived close to their work. It was inconceivable for them to drive 1 hour (or more) every day to get to work. And even less to spend their money on daily frivolities.

Regarding evening or weekend outings, it was also very exceptional. What was less so, however, was to receive people at home or to be invited by friends or family. I grew up in this realm and have only good memories of it. And when I think about it a little more deeply, I connect it with the fact that humans derive a large part of their happiness by spending time together and sharing good times. No wonder why my feeling about this period is very positive.

Allowance and prioritization

I've never had any allowance at home. Neither in the form of a weekly allowance nor as a reward for household chores. My parents considered it normal to help and participate in the life of the house.

And for the rest, they paid us what we needed such as sneakers, clothes, school supplies, etc.
I still remember those kid-parent negotiations for an Adidas tracksuit (photo) or that Dragon Ball Z one (photo) that my bestfriend had. My parents were not fooled and knew it was just a fashion effect (I never watched Dragon Ball Z myself, but my friends did...).

Adidas Adibreak anyone?!

As for toys, we sometimes received them unexpectedly (I would say 1-2 times a year), but our parents often linked it to something "extra"-ordinary, like a very (very) good school grade or other similar achievements.

Otherwise, it was via birthdays and Christmas. And then, well, we had to prioritize our lists because Santa Claus was not Creus (and, funnily, it's still the case in 2018!)
I was receiving about 1-2 big gifts from my parents, godfather, and godmother. The advantage of this way of doing things is that I still remember most of the gifts today, including one in particular: a huge Lego gas station that I had admired for weeks before Christmas in the various toys' catalogues. At that time, we opened our presents on the evening of the 24th, and I remember not being at all sleepy and wanting to build my station without going to bed at night. Unfortunately, I had to wait until the next morning (up at 6am!). But what a memory...
Last year, I had a flashback when we were at Toys'R'Us in Ecublens because Lego still produces this same series of toys around the gas station under the green and red brand "Octan". By the way, it'd be nice if it could evolve with Tesla charging stations instead :) We must start educating at the earliest age!

So many memories with this Lego Octan gas station!

Sometimes I also received money as a gift at these events. Money that I was saving directly. My memories are vague on this point but I think it was due to a mix of my frugal personality and my parents who advised me not to buy this or that thing on a whim because it was useless, or at least to think it over for a week or two.

Life lessons

Thanks to this introspection of my 0 to 7 first years, I now have a better understanding of where I got the following traits from:

  • This assiduity and natural persistence at work that allows me to be more enduring than many of my colleagues, which inevitably affects my career and salary
  • This consistency and resilience in my objectives and habits which means that I'm still pursuing financial independence by accumulating more and more cash, and this for the past 5 years
  • This early-bird habit, and that I find it normal (even more, an element of pride) to get up at 5am every day to focus on my passions, which allows me to maintain this blog, every day, since early 2014
  • This workaolic side, which I've been trying to transform in recent years into something that makes more sense in my life, vs. working for the sole purpose of working and financing my lifestyle. This awareness combined to previous points allows me to stay at the top on the professional level, while being happier every day
  • This way of seeing dining out as the exception and not the rule, which makes us save CHF 400/month nowadays!
  • This natural instinct (actually very much related to my education) for delayed gratification, i.e. to have the patience to resist to the temptation of an immediate reward (by spending my savings for example) in preference for a later reward (for example via a Christmas gift)
  • The pleasure of spending evenings with friends or family in a relaxed and easy atmosphere, which happen to be not expensive, but bring so much happiness to my life

I went up in the Swiss Jura mountains this summer, at 5am, to enjoy this gorgeous view...

Everyone will have a different opinion (positive or negative) on the different points above, and that's why I don't group them into "Do's" and "Don'ts". I'll let you judge for yourself.
Anyway, if you think that this or that life lesson is positive, then it gives you some hints on how to educate your children (or what you can ask your parents for education — if you are so young, leave me a comment because I'm interested to know how you got on this blog at your age!)

Next article: from 8 to 13 years old

At first glance, I thought I was going to write a single article and not a series about this subject, but it seems that my brain has stored more things than I thought it could.

So next time, we'll review the period of my 8-13 years with what I've learned from it.

In the meantime, feel free to share what you have learned from your 0 to 7 years old, and especially what education factors have influenced these learnings (so that we know how to reproduce them as parents).


Note: I'm currently undertaking the major project of writing a book which describes the A-Z recipe of how to stop working at 40 in Switzerland. Before I take the big leap, I have interviews left to do to validate the idea. Hence I'm still looking for 3-4 people who have just started their adventure towards financial independence, and who are between 20-25 years old. If you fit the profile and are interested, drop me an email with the title "Book interview".



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