Top 10 Pearls of Wisdom from the World’s Oldest Dad

This interesting post was obtained from the ancestry.com site for the benefit of readers & visitors to this site.

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This year for Father’s Day, we hosted Israel Kristal, the world’s oldest living man, who live-tweeted fatherly advice from the @MyHeritage Twitter account.

Israel, who will be 113 in September, currently holds the title of the world’s oldest man, making him also the world’s oldest father. We couldn’t have chosen a more experienced person to dispense sage wisdom.

Here are the top 10 pearls of wisdom he shared with us:

1.”Set aside special time for your kids weekly, with no distractions. You won’t regret it! When I was younger, I would work very long days at my confectionary business. I always made sure to keep the weekends free for my children.”

2. “No matter how rich you are, going to work every day teaches your children a strong work ethic. If you go every day to a job that you love, then you’ll find happiness, even if it’s hard.”

3. “Be a role model for your children by showing respect to others and your surroundings. Teach them to do everything in the best way possible, and to give it their all.”

4. “Understand that no matter what example you lead for them, your children will make their own decisions in life. Let them take responsibility for their own decisions and actions. It’s part of growing up.”

5. “You don’t have to be loud to be heard by your children. There is power in silence. When children have understood what they’ve done wrong, that’s usually halfway towards the solution.”

6. “Let your kids make mistakes. Warn them about the difficulties, but let them learn for themselves. Don’t scare them too much about what could be. Instill confidence in them.”

7. “Share your favorite things with your kids. I love fishing and I hope that I’ve passed that on to my children.”

8. “The most important things I taught my children were to be stand-up human beings, to be sensitive to others, and to never lose hope.”

9. “Teach your children about their family, so they’ll appreciate where they’re from. When the children were young, my wife would tell them bedtime stories about different family members.”

10. “Regrets? I don’t have any regrets in life. Maybe just not spending even more time with my family. Take advantage of every moment!”

What’s your favorite piece of fatherly advice?

THE MEAT IN THE SANDWICH-IS THAT YOU?

sandwich-image www.foodpassions.net

Spread thinly between supporting their ageing parents and helping their own children find a stable financial footing, a generation of Australians find themselves sandwiched in the middle. It may seem overwhelming but with proper planning, you can escape the sandwich, support those you care for and still live the life you want.

Whether you look up or down your family tree, demographic and economic changes in Australia mean more of the people you care about are likely to need financial support.

Looking up the family tree

People are living longer. In 1901, only 4% of Australians were aged 65 years or older. By 2010, this figure had risen to 13.5%, and is estimated to increase to up to 23% by 2041.*

As your parents age you may be called on to care for them in ways you may not be emotionally and financially prepared for. While the likelihood and timing of these events will vary, you can plan for them with strategies that include:

  • Legal measures such as enduring power of attorney give you the power to make financial decisions on behalf of your parents. If they lose capacity, it makes it much easier for you to make decisions that protect them and their assets.
  • Expert investment planning can help your parents purchase aged care or nursing home accommodation and services if the need arises.
  • Appointing a professional trustee to manage day-to-day financial affairs for your parents can ensure their assets are expertly managed, allowing you to spend time with your parents rather than their accountants.

Looking down the family tree

Looking down the family tree means looking out for your children, no matter how old they are. Good financial pre-planning for your children can cover a range of issues:

  • Helping them buy their own home, but doing so in a way that doesn’t affect your own future lifestyle. Tax, superannuation, insurance and estate planning approaches can make this possible.
  • Ensuring your children or grandchildren are carefully considered in situations such as divorce or blended families.
  • Protecting vulnerable children. Some children need extra care, and money alone isn’t enough.

Financial Advice

Plan for your peace of mind

The reality is that someone you care about is likely to need your financial assistance at some point – it may be your parents, your partner, children or grandchildren. That’s why it’s so important to look up and down the family tree when reviewing or planning your financial future. And that includes looking after yourself with the right medical and life insurance cover.

A plan will help you secure your financial future in a tax effective way, underpinned by thoughtful consideration rather than being created under the emotional weight of an emergency.

Take the first step with our free book

Perpetual has created a guide with practical tips to help you secure the retirement income you need, protect your wealth and safeguard your family’s financial future.

Download your copy of the guide now.

* Australian Bureau of Statistics

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Henry Sapiecha