Is The Way You Treat Money Your Parents’ Fault?

Growing up, did you hear things like, “We can’t afford that,” “I’m not made of money,” “Wait until payday,” or “Save your money for a rainy day”? 

Did you have an allowance? Were you given everything you wanted? Was budgeting practiced in your home? Did you learn about charitable giving or the ancient practice of tithing?

The ways your parents viewed money and finances have influenced how you treat money now. If sticking to a budget meant you didn’t get everything you wanted when you were young, you might not want to have a budget now.

Edward Horwitz, Ph.D., says, “Our research shows that the many patterns we observe in childhood are the primary source driving our financial decision-making later in life.”

In an article in Forbes, Molly Triffin explains, “This childhood imprint of how to deal with money cuts both ways. Solid financial habits like spending within your means or nipping small debts in the bud, may come from smart money lessons picked up from your parents.”

“However, if you tend to make fiscal mistakes or stick your head in the sand to avoid budgeting or bank statements, mom and dad may be the reason.”

Learned From Modeling

The founder of the Financial Psychology Institute at Creighton University, Brad Klonz, Psy.D. notes, “Children primarily learn from modeling, and we all have a tendency to pick up the behaviors of our parents. Money attitudes can be insidious in the sense that we may not remember anything specific, but on a subconscious level, kids are very sensitive to that and pick up on this modeling.”

In Your Genes

Other studies referred to in the article “concluded that about one-third of our approach to savings stems from genetics. DNA predisposes us to having more or less self-control and that may be key in determining if we spend with abandon.”

You can’t change your genetic makeup. However, you can figure out your attitude about money and finances by asking yourself some questions.

  • What three things did your mom and dad teach you about money?
  • What is your earliest money-related memory and your most painful money memory?
  • What is your biggest financial fear these days?

“Addressing these can uncover deep-seated patterns,” Klotz says. When you uncover the roots of your money perceptions, you can take the steps to move forward.

Move Forward By Investing

An article in the Los Angeles Times tells you to “Focus on the long term. Ensure you are making informed money decisions that reflect your values. But set yourself up for long-term financial success.”

Even with the best financial foundation, investing can be intimidating. If you could use an A.I. product that’s easy to use and costs less money than other investing products, would you be interested?

Consumer Investment Vehicle

Many brokerages and investment companies may claim to offer robo investment advisors, online financial planners or the best mobile trading app. But what is the cost? Do you need advisors and planners? How safe is your investment?

See Why you don’t need a financial advisor

Kelly Korshak at iFlip has created the first A.I. driven consumer investment vehicle on the market, iFlip’s A.I. SmartFolio. This proprietary, fully automated A.I. driven portfolio gives you superior performance with less risk and at a low cost. By investing long term, you can preserve, protect and grow your wealth using A.I.

See How iFlip’s A.I. Beat The Stock Market

A.I. is the best algorithmic trading software, fully automated machine learning software. A.I. only exists if the machine algorithm can change its own rules without human interference. iFlip’s A.I. will beat a human every time. It doesn’t have an opinion or emotion.

You can improve money habits learned from your parents, whether good or bad. Start by investing and click over to iFlip to learn more. If you have $200 or $2,000,000 to invest, iFlip is the most effective and highly efficient mechanism for investing in the stock market. They’ll help you create wealth through access to A.I.

Like this article?

The Case For Cash

The Case for Cash   Many people associated investment accounts with being “invested’. After all,...

kelly sikkema zcAgxLryKe4 unsplash

Bear Territory

Dear Flip users  Sadly my accurate prognosticating has continued to be reinforced by the markets....

Leave a Reply

Your email address will not be published. Required fields are marked *

You were referred by

Zero-dollar ($0) commissions are available for self-directed Individual cash or margin brokerage accounts that trade U.S. listed securities via mobile devices and via web interface. To obtain the commission and fee schedule, please see our website at Note that certain Flip Investor Inc. Product features listed are currently in development and will be available in the near future. System execution price, speed, response time, liquidity, market information, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors. Some of the information provided show hypothetical results which may or may not represent live performance. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns.  Keep in mind that while diversification and the use of algorithms may help manage risk it does not assure a profit, or protect completely against losses, in a down market. There is always the potential of losing money when you invest in securities, or other financial products.  Investors should consider their investment objectives and risks carefully prior to investing.

Past performance is not indicative of future performance. iFlip data results assembled using various Flip algorithms applied to the equities listed on this webpage (if any). Results compiled for each equity and each algorithm assume a 10,000 initial investment beginning on Jan 1st 2005. All iFlip price assumptions are based on the opening price of each day as found in Yahoo finance. Yearly NAV data points compiled by compounding annual returns using standard year over year accounting. S&P500 results are derived using the SPY as a proxy. The data on this webpage is not intended as a solicitation. Always seek professional advice for suitability.


iFlip Ultimate

iFlip Ultimate is a concierge service product designed for high net worth client or institutions ($1m+ Net Worth). It as not been released yet

Download our new FREE mobile app!

Floating Mobile App
Free AI Circle 6

Upgrade Plan

Free AI Circle 6

Upgrade Plan

Breakout Coming Soon!

Get notified when it's available.

iFlip Spinner


Successfully on waitlist. You will be notified as soon as the breakouts are available.

A.I. Smart Folios Automated Stock Trading

Download our app mobile app to create a free trading account.

Certified Partner Signup

Doug Adams copy

Doug Adams - COO

Doug Adams has more than 30 years of experience as an executive in the IT industry. He has demonstrated success helping companies grow profitably with high degrees of customer satisfaction. 

He has a passion for developing talent and building high performing teams. Most recently as a Senior VP at FusionStorm, he helped grow the company from $440mm to over $1bb in sales and improve profitability 1500% (15x) over 7 years. Prior to that he was at Oracle for 14 years where he served as a Vice President in their North America Consulting Division. 

He had responsibility for a variety of software and technology practices with a team of over 400 consultants. He has also held leadership positions at IBM and Andersen Consulting (Accenture), and holds a BS degree from Cal Poly, San Luis Obispo in Industrial Engineering.

Ed Sweeney

Ed Sweeny - Board Member

Ed Sweeney is a partner and a founder of RCM Alternatives. Previously, he was a Managing Director of Trading at TD Options, LLC, a subsidiary of TD Securities until 2006. 

He is also a founder of Starboard Specialty Funds, LLC. which is an active fund specializing in private and publicly traded bank equities.
He was also a co-founder of a trading technology firm, Ragnarok Systems, and also worked for O’Connor & Associates and at Swiss Bank Corporation as a director of fixed income trading.
Mr. Sweeney graduated with an M.S. and B.S. in Mechanical Engineering from MIT, has a J.D. from John Marshall Law School and holds a Series 7, 24 and 63 licenses.

Karla Dennis

Karla Dennis - Board Member

As seen in Forbes Magazine, Karla Dennis is an expert tax and business strategist. As an enrolled agent, Karla is licensed to represent taxpayers in all 50 states. She holds a Masters in Taxation and Business Development and is the author of two books, Tax Storm and Against the Odds. 

She has been featured in various media outlets such as, KTLA, Forbes, MSNBC, Yahoo! Finance, and SmartMoney marking her the ultimate tax and business expert.

Thomas Shippee Bio

Thomas Shippee - Consulting Board Member

Thomas P. Shippee is a financial services investor and industry expert. His early years he earned a Bachelor’s degree in Economics at Bates College and an MBA at Pepperdine University.   

For the last 35 years he has served in various positions including CEO of Wells Fargo Financial whereupon he oversaw all US and Canadian consumer and commercial business finance operations from Des Moines, IA.  He currently spends his efforts in the consumer financial services industry counseling and working for small privately held businesses.  

David Bay Bio

David Bay - Consulting Board Member

David is a Kentucky native graduating with a degree in Music Education at University of Kentucky and a Masters degree in Education from Xavier University. His early years were spent excelling as band director leading his group to breaking records, honors and 3 straight years of placing in state wide competitions. 

In 1988 David started a new life of entrepreneurship. Since then his natural ability to lead and passion for growing people has stretched him to employ over a hundred employees and operating several businesses over several industries including real estate, heating oil, farm gas, commercial lubricant, consulting, skilled nursing care, convenience store and restaurant business.  

Marc C

Marc Chesley - Consulting Board Member

Marc Chesley is a software industry pioneer with a passion for growing people and companies. He is a recognized innovator and operational leader. As former CTO at Infusionsoft, Marc helped grow the company from startup to over $100mm in revenue. He has led as CEO and President of many fast-growth software companies. 

Marc was recognized as Arizona CIO of the Year by the Phoenix Business Journal and the Arizona Technology Council.  The Society for Information Management awarded him Arizona IT Leader of the Year. He currently works as the COO at Paradox (fast-growing software firm) managing product teams, engineering teams, business development teams and serving as general counsel.


Kelly Korshak - CTO

Kelly attended Stanford and subsequently the University of Chicago and has a graduate degree in mathematics.  He spent 25+ years on Wall Street, investing over $4 Billion assets for institutional banks and funds including Deutsche Bank, Morgan Stanley, Diamondback Capital, Brevan Howard and Tudor Group. 

His strategy to investing is built around the approach that Artificial Intelligence (A.I.) and machine learning algorithms produce superior risk / reward in the stock market.  This A.I. approach led him to retire from Wall Street with his family in Arizona to start up his own company “Flip Investor”.  

His dream is to empower all individuals to grow their wealth through the power of A.I. SmartFolio technology.

Randy Tate

Randy Tate - CEO

Randy spent his earlier years as a successful collegiate athlete and then self-made entrepreneur.  He grew an athletic apparel company to over $5M+ in revenue, then sold it to a publicly traded sporting conglomerate, Sports Chalet. 

For the last 10+ years he has trained thousands of employees and business owners on how to market effectively, grow sales and build sustainable growth in their companies.

His passion for technology led him to one of the fastest growing software companies called Infusionsoft, which peaked with over 150,000 software users.  As the VP of Business Training for customers, he developed and oversaw the expansion of the Elite Business Education curriculum program.

Since then he has led as the co-founder and CEO of iFlip, SAAS Financial Technology Company.  His passion is to empower all individuals to grow their wealth for the future through the use of AI investing technology.