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Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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'school' is about the most minimally effective way to learn finance that I can imagine. It is an enterprise itself that confounds financial common sense.
Yup, get a job... get several jobs, start some companies...
@ age 14, My dad started an ice delivery business to dairy farmers (He had to hire 4 drivers)
after the REA of America, he started selling and installing Bulk milk tanks on the farm.
then.... farmers needed someone to fetch and haul their milk.. so... my dad started a trucking company to haul milk for farmers...
That was 70 yrs ago and both companies are still in business. (providing jobs and services to many)
As I've gotten older and learned more about personal finance I always think, man I wish they taught that when I was in school instead of calculus. I hate calculus. Something I still have not used to this day. What are some of the personal finance lessons you wish were taught in school?
1. Houses/real estate are NOT always good investments
2. Paying cash for any big ticket item is usually stupid. Do the math.
3. 401Ks are over rated. Do the math.
'school' is about the most minimally effective way to learn finance that I can imagine. It is an enterprise itself that confounds financial common sense.
I agree and I don't think it's an accident, either.
there is good debt and bad debt . living" good" debt free can leave you poorer than you may have been otherwise .
using other people's money can be key to growing wealth .
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Something I still have not used to this day. What are some of the personal finance lessons you wish were taught in school?
