Lessons Learned from Grandma

 

Along with the recent loss of Ruth Bader Ginsburg (Former Associate Justice of the Supreme Court of the US) who died at the age of 87, I recently lost someone extremely dear to my family - Grandma Oluyomi. In memory of her, I thought deeply about how I could incorporate the lessons learned from her as a young child into my next blog post. Although this is a financial blog, it might benefit from switching it up a bit and discuss other aspects of life that people encounter daily. There may be things that, you, the reader might relate to or some things that you independently think of which pertains to the lessons you learned from your loved ones and how you have applied them throughout your life so far.

Grandma always was the "ultimate hype machine", meaning - she was full of life with a smile on her face, no matter the circumstances. She showered love, to not only her kids, but everyone she came across in life. With that, these are the key lessons I learned from Grandma:

1. Impact of Joy

Every single time I visited Grandma, she was always excited and sang songs almost throughout the visit. She was filled with joy and happiness and it was very clear. Scientifically, according to Healthline "We feel joy in our bodies because of the release of dopamine and serotonin, two types of neurotransmitters in the brain. Both of these chemicals are heavily associated with happiness." I am unsure of what always triggered these neurotransmitters for her but one thing was clear, she felt joy because she was very satisfied with how her kids and grandkids turned out which brought her peace of mind and the ability to smile throughout. 

2. Love for Family

They say two things are constant in life: death and taxes. Grandma demonstrated that another constant variable could be added to that equation: "family." Family serves as a source a person can count on. Those who are there from start to finish. Those who share in the trials and tribulations throughout life. Grandma (along with the late Grandpa) built the foundation that the family currently stands on. A foundation anchored by faith and love for one another.

3. Importance of Education

Grandma, along with her late husband, worked in the education industry. From a very young age, all of her kids and their cousins were taught by Grandma. Not only does education provide an avenue that can be used to turn your dreams into reality, but it also broadens the mind.  Education majorly affects our understanding of the difference between right and wrong. An educated person is well aware of the consequences of wrong or illegal actions and is less likely to get influenced and do something which is not legally or morally right. Finally, if we want to see the world as a just and fair place where everyone is given equal opportunities, education is what we require. Education is a must if we want to do away with the existing differences between different social classes and genders.  It opens a whole world of opportunities for the poor so that they may have an equal shot at well paying jobs

4. Generational Wealth Creation

Leaving a lifetime legacy was something Grandma did by creating generational wealth. This was in the form of assets that appreciate in value while generating cash flow. Wealth can be passed on in the form of real estate, stocks, bonds, or a business. It is important to consider an estate plan and have an up-to-date will. Some folks also look into life insurance. Although, it is not easy to maintain generational wealth across several generations. In fact, research shows that approximately 70% of families lose their capital in the second generation while 90% lose it in the third. However, one thing is for sure, Grandma carried on the process and did her part well. One of a parent's wish is to have their child do better than they did and she can proudly say she saw that through.





Financial Savant was born in 2018 and has received a really good reception so far. This blog serves as a resource to help spur open discussions on generating income, saving, investing, and overall wealth management.

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Comments

  1. God bless you abundantly, this is awesome and very thoughtful message with accurate expression of Grandma legacies. I testify to all the virtue of Mama. She exit gloriously. My prayer is for all to emulate her legacies and be fulfilled in life. Thanks my dear Aburo

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