By Melissa Tosetti
I still love telling people that my dad is a cowboy. It’s up there with astronaut!
Growing up, I learned fantastic life lessons from him through our love of horses and the cowboy life. Many of those lessons transcend to savvy living including:
The greatest lesson I learned from my dad is perseverance. Perseverance often comes up when I’m talking to clients who, in the past, have become frustrated with their finances because they’ve tried saving, but ended up getting thrown off for one reason or another. So, they get into a mindset that they’re not good with money and give up trying to save at all.
When I was 12 years old, my dad and I were at a rodeo together and while team roping, his thumb was cut off. It was a pretty traumatic ordeal, but my dad has a great sense of humor and so the jokes began to fly about only being able to hitch hike one-way, etc.
Despite being in the hospital for almost a month due to health complications, he went right back to team roping when he was cleared by the doctors.
About 6 years later, he lost his other thumb while roping. With great doctors in place and being in much better health, they were able to save it and very soon, he was right back up on the horse.
When I was around 21, I got a call that he was in the emergency room. While roping, he had lost the thumb they replaced six years ago.
My father is in a very small category of individuals who can say that they lost three thumbs.
After what most people would have been devastated by, he took it in stride, and with a few more jokes went right back to roping. He went back to roping because it’s a sport he loves so much. In fact, it wasn’t until about six months ago that he finally decided it was time to sell his horses.
The moral of the story is, if he gave up after that first thumb, he would have lost 33 years of doing something he loves. If he gave up after the second thumb, he would have lost 27 years and the third thumb, 24 years!
In terms of managing your money - it takes practice. The more you do it, the better you get. Don’t get frustrated and think you’re not a good saver. Keep trying and play with different strategies. Instead of jumping in and trying to save 10% of your income, start by trying to save just 1%. When you’ve successfully done that for a few months, bump up your savings by another 1% and so on until you’ve reached your savings goals.
I’ve learned that good money habits come by building on small successes. Give it a try! At least there’s no appendages at risk!
Me and my dad on a cattle drive in 2012.