2 Money Lessons I Learned From a Day at the Races With My Grandfather

My grandfather loves horse racing. He took me to the Prix de l'Arc de Triomphe. I learned a lot from him. He also taught me how to make bets and understand odds. The lessons he taught him apply to many other areas of life. For example, I learnt how not to choose the horse with the silliest name. It was a money lesson. iReport.com: 2 Money Lessons I Learned From a Day at the Races With My Grandfather.

The first lesson is to take cash. The second is setting a financial limit and having physical money that you can see being spent. Cash is such a rarity these days, especially post-pandemic. It helps you pace yourself and make conscious purchases. It has served me well. I learned this from a day at the Races with my grandfather.

There are two money lessons I learned from a day at the races with my grandfather. The first one is to always keep some money for a treat. The second lesson is that money should always be saved for the future. It doesn't have to be whisky and sandwiches. Even if times are tight, I try to keep back even the smallest amount of money.