'I have to say, some of the best lessons I learned about money were from my father.' MadMoneyOnCNBC's JimCramer shares the valuable money lessons he got from his dad over the years. InvestInYou (In partnership with acorns.)
"People always ask me about how I know so much about money," he said. "I have to say, some of the best lessons I learned about money were from my father."
When Cramer reiterated that he was living in his car and had no extra money to invest, his dad insisted, advising that "the secret is to invest $10 at a time." is that so many families watch us together, " he said. "When I hear that kids get started [investing] early, that's when I know we are doing things right."Just like Cramer's father, my dad, who was a banker and a CPA, had those "money talks" with me. I learned many valuable financial lessons at our dinner table. That's why I was always comfortable talking to my own son and daughter about money.
It's also important to start saving early and be able to support yourself. I urged my kids to get their own savings and checking account early in life. They both also started to fund retirement accounts while in college.Once they were gainfully employed, I stressed that they take advantage of their company's 401 plan and to contribute enough to receive any match offered by the firm.
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