The narrator of the story is a young boy who is bothered by the thought that his family does not own a car . His father was a clerk who gave half of his salary to his poor relatives . The money left with him was not enough to buy a car . There was a lucky draw competition where the narrator's father asked his boss if he would like to buy a ticket . He answered in the affirmative but the thought never crossed his mind ever after . So his father took both the tickets . At the time of the announcement the narrator hid under a bush when the speaker called his father's name . Little did he realise that the ticket which won belonged to his boss Jim Kendrick . He reached his house in record time and was amazed by the lustre of the buick . He sat in the car and assumed himself driving the car . When he entered home , his father was in an angry mood . It was that time when his mother showed him the light 'K' which was written on ticket no.348 which had won . But he refused to give the car to his father's boss just because he was a multimillionaire . But because his father was bound by the walls of moral values he called his boss and the next day his chauffers came and took the buick and gave his father a box of cigars . They did not get a car until he grew up . But his mother's words ''If you have character then you have the better part of wealth . " carried a new meaning .