A Father’s Lessons for Life, from late bloomer and early investor, Jim Rogers
Jim Rogers was a multi-millionaire investor who could afford to retire and morph into a world traveler before he turned 37, but it took him another 25 years to find the courage to become a father. In the introduction to his latest book, A Gift to My Children: A Father’s Lessons for Life and Investing (Random House, June 2009), the best-selling author of Hot Commodities and Adventure Capitalist writes:
I must admit that not very long ago I would have scoffed at even the idea of having children of my own. Growing up in Alabama, I was the oldest of five boys, and much as I loved my brothers, I spent an awful lot of time looking after them! Alas, I couldn’t help but notice what a financial burden having five children had imposed on my parents no mater how keen they were on us. Later in life, I was too busy working and traveling even to think about parenthood, which seemed like an endless drain on the time, energy, and money with which I was pursuing my passions. …
In his latest book, Rogers takes a break from writing about his travel escapades or providing tips on the best places to invest your money, instead distilling his life experiences into a book of advice for his two daughters, five-year old Happy and Bee, who was born in 2008.  Becoming a father at the age of 62, when he had the “experience, time, and energy” allowed Rogers to take on his new role with “passion” inspired him to put down his life lessons “in one place, with examples of[his] own experience, as a guide to life, adventure, and investing” with perhaps cliché sounding chapter titles such as:
Swim Your Own Races: Do Not Let Others Do Your Thinking for You
Focus on What You Like
Common Sense? Not So Common
Let the World Be a Part of Your Perspective
Learn Philosophy: Learn to “Think”
Learn History!
Learn Languages
Recognize Change and Embrace It
Look to the Future!
But there are surprises and interesting twists along the way, such as Rogers advice to his children that they learn Mandarin (“It is the century of China!”, understand the significance of the BRIC nations (“focus investment strategies on growing economies abroad”), experience the world’s diversity (“I urge you to leave your country for a few years. You can always return, but you will have a new understanding. Of everything.”), or even something as simple as the importance of saving (“As you get older, you will probably have friends who eat at expensive restaurants every night, buy the latest gadgets or fashion trends, and spend vacations at fancy beach resorts. You must avoid the trap of spending money willynilly simply because you can. Not only is this a road to financial ruin, it can cause you to forget what’s important in life.”)
I picked this book up at the library a couple of days ago, and both my husband and I got through most of it the same evening. There’s something about the combination of sentimentality, practicality, and utilitarianism, plus a down to earth approach to living an authentic life, that appealed to both of us — not just as tips that we hope to someday pass on to our soon-to-be daughter, but also as advice we could apply to our own lives.
One gets the feeling that Rogers sat down to compose this thoughts and sentiments for his two treasures with the knowledge that there is no certainty that he may be around when they are in their twenties, thirties, forties, and fifties … to be able to tell them all this himself. As someone whose father passed away when I was 27, but who was very much a world traveler, a wise investor, a reader, an explorer, and an adventurer, Rogers’ perspective was the perfect father’s day gift that fell into my lap.
