Understanding Financial Heritage: Lessons Passed Down Unknowingly

_{Have you met a family whose father was always a debtor, and the child grew up to be a debtor too; some of this can be attitudinal inheritance in the financial aspect.}

The family has a strong bond of transferring behaviors and beliefs to the next generation if not properly guided by deliberate effort. One of the significant ways of transferring this belief and behavior is in the financial aspect. Financial heritage can be seen as an inheritance of financial behaviors and attitudes from one's family; such inheritance can affect one's relationship with money and others.

For me, after having a self-examination, I discovered a behavior that was unknowingly passed down to me from my mum - it is a financial heritage.

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My story:

Growing up, I observed my mother's approach to lending or giving money to others. Before giving out any funds, she is so accountable - she tends to know why you need the money; sometimes, if your reasons are not satisfying she won't give ( I'm talking about her money, not cooperative money). Her simple act of accountability transferred to me unknowingly, I adopted the same practice, though I'm not too firm like her.

Fortunately, in my secondary school days, the act was an advantage to me because it was a responsible approach to managing my finances unexpectedly. Just like my mum, I found myself questioning the intentions behind financial requests from my friends. Even though I intended to show prudence and ensure that my money was used wisely, some of my friends saw me as a stingy person.

This became challenging to me because my inherited financial behavior and my friend's perception were conflicting. I tried to balance the behavior but slightly succeeded.

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Looking at this, I was able to recognize the influence of my financial heritage on my attitudes and behaviors. However, inheriting financial accountability is not enough but balancing my social life by making my friends understand why I ask such questions.

My financial heritage has taught me a lot of lessons - building good relationships, accountability and adding value. I've come to appreciate that while accountability is important, it must be tempered with compassion and open communication.

Conclusively, from my personal story you can agree with me that financial behavior can be inherited; so, be mindful of what you inherit and at the same time try to change any bad attitude that you notice it's inherent.

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