Comments on: Is personal finance education a waste of time? http://baglady.dreamhosters.com/2008/09/04/is-personal-finance-education-a-waste-of-time/ Attempts at a Sustainable Lifestyle... Sat, 21 Nov 2009 16:47:07 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Scott @ The Passive Dad http://baglady.dreamhosters.com/2008/09/04/is-personal-finance-education-a-waste-of-time/comment-page-1/#comment-2503 Scott @ The Passive Dad Sat, 06 Sep 2008 21:30:47 +0000 http://baglady.dreamhosters.com/2008/09/04/is-personal-finance-education-a-waste-of-time/#comment-2503 If we just give up and don't promote financial awareness and independence, what will happen? Oh, I know, we'll have more bankruptcies, crime, and unstable markets than we currently have now. I think we should offer more classes and teach kids before they hit college. So many fun ways to help educate children and show them how to save, rather than spend. Products and services can change for mortgages and insurance, but the basic premise that we need to make more than we spend is timeless. If we just give up and don’t promote financial awareness and independence, what will happen? Oh, I know, we’ll have more bankruptcies, crime, and unstable markets than we currently have now. I think we should offer more classes and teach kids before they hit college. So many fun ways to help educate children and show them how to save, rather than spend. Products and services can change for mortgages and insurance, but the basic premise that we need to make more than we spend is timeless.

]]> By: Mike http://baglady.dreamhosters.com/2008/09/04/is-personal-finance-education-a-waste-of-time/comment-page-1/#comment-2486 Mike Fri, 05 Sep 2008 16:26:10 +0000 http://baglady.dreamhosters.com/2008/09/04/is-personal-finance-education-a-waste-of-time/#comment-2486 This is the problem with spending so much time in their ivory towers, many educators lose touch with the average American. Of course financial education works. Some (okay, many) people refuse to find importance in being fiscally-responsible. BUT, not everyone. However, I also truly believe that one's financial state is a reflection of his/her state of mind. People will only embrace their finances when "they" decide it's time. Myself, my friend Mr. Earl, or the smart folks over in The Bogleheads Investment Forum can attest to that. I do agree with the professor's point about government agencies promoting financial education. It's a waste of time and resources, which, like she said, could be better used regulating the financial industry. One last point. Something to always keep in mind, and something that many of us just cannot accept. Most politicians do not serve the average American. They are there to serve themselves and the people who got them their positions. If you believe any of their rhetoric, then you have only yourself to blame for the consequences. This is the problem with spending so much time in their ivory towers, many educators lose touch with the average American.

Of course financial education works.

Some (okay, many) people refuse to find importance in being fiscally-responsible. BUT, not everyone.

However, I also truly believe that one’s financial state is a reflection of his/her state of mind. People will only embrace their finances when “they” decide it’s time.

Myself, my friend Mr. Earl, or the smart folks over in The Bogleheads Investment Forum can attest to that.

I do agree with the professor’s point about government agencies promoting financial education. It’s a waste of time and resources, which, like she said, could be better used regulating the financial industry.

One last point. Something to always keep in mind, and something that many of us just cannot accept.

Most politicians do not serve the average American. They are there to serve themselves and the people who got them their positions. If you believe any of their rhetoric, then you have only yourself to blame for the consequences.

]]> By: Simon http://baglady.dreamhosters.com/2008/09/04/is-personal-finance-education-a-waste-of-time/comment-page-1/#comment-2484 Simon Fri, 05 Sep 2008 11:47:54 +0000 http://baglady.dreamhosters.com/2008/09/04/is-personal-finance-education-a-waste-of-time/#comment-2484 Hey Baglady congratulations on the 9rules success :) I'm just visiting all fellow 9rulers today and see what they're up to. Simon Hey Baglady congratulations on the 9rules success :) I’m just visiting all fellow 9rulers today and see what they’re up to.
Simon

]]> By: RestedMind http://baglady.dreamhosters.com/2008/09/04/is-personal-finance-education-a-waste-of-time/comment-page-1/#comment-2483 RestedMind Fri, 05 Sep 2008 10:33:44 +0000 http://baglady.dreamhosters.com/2008/09/04/is-personal-finance-education-a-waste-of-time/#comment-2483 Money is America's main religion. Maybe it's not ok to teach religion in school? Money is America’s main religion.

Maybe it’s not ok to teach religion in school?

]]> By: Sonia Sutherland-Cruz http://baglady.dreamhosters.com/2008/09/04/is-personal-finance-education-a-waste-of-time/comment-page-1/#comment-2481 Sonia Sutherland-Cruz Fri, 05 Sep 2008 09:21:22 +0000 http://baglady.dreamhosters.com/2008/09/04/is-personal-finance-education-a-waste-of-time/#comment-2481 There is an old saying,” Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.” Financial education and money management training are skills that will not only last you a lifetime but will enhance the quality and well being of your life. There is an old saying,” Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.” Financial education and money management training are skills that will not only last you a lifetime but will enhance the quality and well being of your life.

]]>