This is a way to visually see the effect of life changes/life chances.
First–you are going to create a “life chances continuum.”
Note the year you were born and any BIG events that you can remember.
Then, answer this question: What are characteristics of your childhood that made you more likely to be financially stable as an adult or less likely so?
born the 2ndchild
class 1-parent family
Single parent home
Moved out of home
Finally graduated and received diploma
To answer the question about what characteristics of my childhood would made me more or less likely to be financially stable. In my childhood growing up, majority of it would made me less likely. I grew up in a single parent home, lower class almost poor. Mother dropped out of college when she had my sister at 21, married my father at 25, had me at 31 and before I turned 1 they were divorced. Therefore, my childhood would made me less likely to be financially stable. However, I have to say, although I grew up the way I did, I am more financially stable than my mother was at my age.
born as the 2nd child
class 2 – parent family
Moved to bad neighborhood
Lived in an apartment
Starting attending school
Mother and sibling home after school
Moved to a better neighborhood
Began attending a better school
Father working across the state
Brother off to college
During my childhood, there were characteristics that made me both more likely to be financially stable and less likely. I grew up with both parents playing an active role in my life. However, we did move to a bad neighborhood as my dad searched for work and my mother was finishing her education. In recent years, I am not able to spend much time with my father or brother. Nevertheless, starting college at an early age surely is the first step in becoming more financially stable towards my path to adulthood.