A photo of my grandfather on his 88th birthday. He passed away because of old age, exactly two years ago at 90 years old.
My grandfather was a frugal man and very money savvy. Even in his old age, he was still going from bank to bank looking for the best interest rate for his retirement saving account. Most of the customer service people in the banks knew and welcomed him whenever he came to the banks.
He was also very organized and he kept good records of his money. He always knew how much money he had in each bank account and the interest he was getting on that account. His financial profile was very conservative because of his age. He only put money in term deposit and saving accounts.
He was also very healthy and he almost never had any medical cost. He had lived a very healthy lifestyle, eating healthy food, doing regular exercise, having enough sleep and rest.
Although he had other shortcomings, but when it comes to finances – we can always learn from him.
- be frugal
- keep good records
- make your money work hard for you
- as you get older, be more conservative with your investment
- have a healthy lifestyle – less medical and care cost
Learn and Grow
Inge Santoso, B. Com, CFP®