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Nothing. Self-education is key and that's how I did it. School is taught in a theoretical sense and none of that really sticks. If you want to learn about personal finance you would have sought to learn it on your own.
Teaching 13 year olds about personal finance, retirement accounts, compound interest, and interest rates would just be something between lunch and recess.
I get what you're saying but at the same time many of those 13 year old will be taking out student loans in 4 or 5 years and not understand what compound interest is. Many kids will be far in debt before they actually have money to start looking to understand personal finance If personal finance was taught in school I there would not be over 1.3 trillion in student loan debt, that the tax payers finance. I know when I took out my student loans I didn't take the time to learn about money because I didn't have any. I also thought school taught me everything I needed to know. By the time I got my first job out of college, I had a petty big hole to climb out of.
Works great as long as you have a stable income and a stable cost of living. What happens if you lose your job and are out of work for a year, or if your rent goes up 50 percent?
we can all play the what if game . but the reality is those who want to fix the situation will fix it .
in my younger days i was focused not so much on debt but on having money to invest . i had 3 jobs going on at one time to make sure i always had the funds .
i was a drummer doing gigs , i had my hvac tech job and i did side work with my own service company at night .
Last edited by mathjak107; 05-25-2017 at 04:04 AM..
I heard it, but didn't live it. And just this week Jada conversation sharing it with my 18 yo- invest very early and consistently - even starting with $25 a week at 18. It's a meal and a SBX coffee.
Don't get married. If you do, have an ironclad prenup if you are the higher earner.
The odds are against a marriage lasting and whether or not it lasts can be completely out of your hands. Marriage simply amounts to a government enforced financial contract that can place you into what amounts as indentured servitude after dissolution. If you don't pay, you go to jail.
we can all play the what if game . but the reality is those who want to fix the situation will fix it .
in my younger days i was focused not so much on debt but on having money to invest . i had 3 jobs going on at one time to make sure i always had the funds .
i was a drummer doing gigs , i had my hvac tech job and i did side work with my own service company at night .
Hard to get a job from a hospital bed.
You coulda made a song and become famous...
"I want my H-V-A-C..."
"We gotta move these condensing units, we must replace this heat exchanger..."
Making money work for you vs. working for it. Has taken me 40+ years, but i finally get it.
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