Comments on: 4 Memories That Impacted My Finances the Most

By: J. Money

J. Money — Wed, 02 Mar 2016 14:37:30 +0000

In reply to Rachel. Yikes! I definitely remember BMG because my parents were all on our case to not sign up, and once I did anyways and they were not too pleased haha... They told me it was a scam and looking back it kinda did seem like one eh? Even though a clever/fun one? Hopefully you're all nice and situated now! Better to learn earlier than later!

By: Rachel

Rachel — Tue, 01 Mar 2016 20:06:54 +0000

Remember BMG music club? I signed up at 17 years old and happily collected all of my free cassette tapes. Then I promptly forgot (not on purpose, honestly) about my obligation to buy the full-priced music. They auto-shipped each one and sent me the bills. I didn’t pay them. They sent me to collections. I still didn’t pay them (I swore I would take care of it next month, so on and so on). Several years later I wanted to get my first apartment and no one would rent to me. BMG had let the credit bureaus know that I was a bum, and the credit bureaus let all potential creditors know that I was a bum. I didn’t realize the consequences of my actions (or inactions) until it was too late.

By: J. Money

J. Money — Sat, 04 Apr 2015 03:03:07 +0000

In reply to Reelika @Financially Wise On Heels.

Interesting! Especially hearing from others all around the world. I sometimes forget the world is connected here and we’re coming from all over :) Thanks so much for stopping by today – going over to check out your site now!

(and kick-ass name btw – can’t say I’ve heard of Reelika before! :))

By: J. Money

J. Money — Sat, 04 Apr 2015 03:00:21 +0000

In reply to Jon @ Money Smart Guides. Inspiration breeding inspiration breeding MORE inspiration!

By: J. Money

J. Money — Sat, 04 Apr 2015 02:59:50 +0000

In reply to Anne @ Money Propeller. Hahaha...

By: Reelika @Financially Wise On Heels

Reelika @Financially Wise On Heels — Thu, 02 Apr 2015 13:35:08 +0000

First of all, awesome post! Thanks for sharing.

My memories are little different. Mostly because I was told what to do and what not to do with my money by the government. I remember we had lots of money when I was a kid. I mean literally lots of cash at home. But there was nothing to do with it. My dad didn’t get the permit to buy a car, and there was nothing to buy from the stores either. So after gaining back our freedom, we lost lots of money due to the economic situation. However, we also gained the freedom to start our own business. I learnt the value of money in a very young age. And now, being part of EU, things have changed again.

To make a long story short, for me, financial success and money lessons have been completely different than for most people. Financial success is something I learnt from my childhood while being able to gain the freedom to decide what to do with my money. Now I am grateful for having all the options out there (investments, mortgage, retirement, grants etc). I believe it is crucial to learn from the past and to apply the positive into the future!

By: Kayla @ Hello Pre Nurse

Kayla @ Hello Pre Nurse — Wed, 01 Apr 2015 20:59:58 +0000

I got some good lessons from my parents about money too, but unfortunately I didn’t soak them all up and now I’m paying for it by working my way out of credit card debt.

By: Zee

Zee — Wed, 01 Apr 2015 15:51:12 +0000

In reply to J. Money. Oh yeah, my dad is fine now. He actually just retired back in January so now he's got a lot of free time to do.... whatever he feels like, he's still figuring that part out. :)

By: Jon @ Money Smart Guides

Jon @ Money Smart Guides — Wed, 01 Apr 2015 12:59:46 +0000

Great stuff!! It’s interesting how reading other peoples memories bring back so many of our own. Just reading your post I could write a follow up post of some more memories!

By: Anne @ Money Propeller

Anne @ Money Propeller — Tue, 31 Mar 2015 21:41:52 +0000

Those are some good quotes from Momma and Poppa $
It’s amazing the random turns of phrase that stick with us, and how much we find ourselves repeating annoying things our parents said to us when we were kids! ;-)
As a tangent, I have also adopted pet peeves of my parents, that I hated doing when I was a kid. Where is the justice?!