Every teenager looks forward to turning 18, and the gateway to adulthood is turning 18 in America.... At 18 years of age in America, the question of this age group should be asked…Do I go to college or start my own business? However, the current education system does prepare our emerging adults on the subject of sex education and the use of condoms. The system does not provide the basics of personal finance, the use of credit in the United States, how to start a business or constructing a business plan, or any integration of the financial system. The education system fails our children in the instance of personal financial literacy. I think about if our education system spent the investment in educating me in the use of condoms into a personal financial literacy program. As I turn forty this year, what a head start and high impact the knowledge of personal finance would have made in my life and decisions as a young adult… Do you question why America’s … [Read more...]
Personal Finance Friday: The education system failure in personal finance
Government in debt teaching financial literacy in schools does not change behavior
It is difficult to think of schools teaching financial literacy basics without a chuckle because most of the systems running these institutions cannot even manage taxpayer money. The behavior is the key to change, and schools are not masters of positive changes of behavior in a radical way such as personal finance and financial literacy. What schools can do is provide teaching with interactive activities from elementary until graduation. This should be an outsourced venture with measurements of success that is based individually not universal measurement of a group. The adult in the real world has to make changes by changing behaviors without any training or interaction in the personal finance and business world to break bad financial habits. Our government is not the example to follow into bringing fiscal responsibility or prosperity to an individual's life. The change of behavior is the will to empower one's self to change. The following is an excerpt from … [Read more...]
The Red – Short Film on the College Loan Debt
http://youtu.be/ei52AsqyoYk A creepy, short film is a depiction of life for college graduates with high student loan debt...... Related articles Face the Red: This New Short Film Will Scare You Into Paying Your Debt (business.time.com) Music: "A Visiting Cat" - an animated short film by Azra Sadr (krishnabalashenoi.wordpress.com) Short Film "More" (pwsd76ela.wordpress.com) Reed Short FIlm Competition Winners Announced (cinemagalaxy.co.uk) ASFoW (Awesome Short Film of the Week). (kiwiwatermelon1998.wordpress.com) … [Read more...]
America’s education system scores an F in financial literacy/education
The failure of the education system in personal finance Finance - Financial injection - Finance (Photo credit: @Doug88888) Every teenager looks forward to turning 18, and the gateway to adulthood is turning 18 in America…. At 18 years of age in America, the question of this age group should be asked…Do I go to college or start my own business? However, the current education system does prepare our emerging adults on the subject of sex education and the use of condoms. The system does not provide the basics of personal finance, the use of credit in the United States, how to start a business or constructing a business plan, or any integration of thefinancial system. The education system fails our children in the instance of personal financial literacy. I think about if our education system spent the investment in educating me in the use of condoms into a personal financial literacy program. As I turn forty this year, what a head … [Read more...]
The second personal finance solution is generation next
18 and Life: Teenager reflection ... Every teenager looks forward to turning 18, and the gateway to adulthood is turning 18. The milestone in life is turning forty years old as the time passage of being young is not the adjective of a human’s existence as forty is the psychological threshold or benchmark of forward is older and hindsight is the warnings for all younger to hear. Forty is a reflection of the last twenty-two years of legal adulthood with 20/20 hindsight to consider the lessons learned and changes to avoid some of the challenges of the last twenty-two years. Five changes are the gateway for the successes and failures are the pros and cons on a personal mental checklist to determine the progress in the almost halfway point in the race of life. The failures in life are always up for scrutiny and my review on 95% issues or challenge where my flawed humanity being removed as a variable. The same conclusion came back to the same principle. When I turned 18, my … [Read more...]
Our Great American Purpose is the Financial Future of our Children
No greater responsibility is being in a guardianship position of a Mother or Father of children. The closest Dad responsibility is the 15 year old Jack Russell Terriers (boys) that need constant care to survive daily due to being older and approaching the end of their time on this Earth. I ponder of what if both of my boys were with a person or family that neglected them and all the special care required to keep them comfortable and alive. I shudder at the thought, but feel very fortunate to spend every moment taking care and having fun in this precious finite time remaining. One other thought makes me shudder in fear at the possible future that faces our country. The financial fiasco in our debt crisis, and the impact of collapse on children as the defenseless and vulnerable part of our society. In a dismantling of our country, The American Dream is becoming absent in our society. My Dad and Uncle were children in an area and situations against all odds of escaping the life of … [Read more...]
The Dummy Recovery is Dead
The negative GDP report for 4th Q 2012 shows a direct impact of debt and financial illiteracy on the economy. People do not understand the financial dynamics at play in government or everyday life. Instead of people calling their representatives or create solutions to bring new ideas to solve our problems. People panic and become nervous to a point of stagnation because the general public is not aware of basic financial principles. It is not taught in our society, and our banks do not counsel the community in financial literacy. There is another way, a better way....It is time to become stewards of our financial future at home and DC. Donny Wise Facebook Post Related articles Giving Back (ally.com) Personal Finance on Campus: University of Kentucky (cardhub.com) IT literacy - Labour to give tablet computer to all Year IV children (timesofmalta.com) How to Help Your Kids Be Financially Literate (ally.com) Resource: A Case for Financial Literacy … [Read more...]
Personal Financial Literacy equals victory in America
Personal Financial Literacy is the key to freedom and prosperity. The widespread financial health of the consumer and the community promotes a strong vibrant economy and strong personal responsibility. Why is our education system failing our children in the most important matter? The personal finance race is being lost along with the quality of life. People of all income levels are not immune to the crisis as 40% of income earners of 100k annually live paycheck to paycheck. The personal finance race begins day one of a consumer’s life. The race is a cradle to grave marathon, and the ability to successfully finish the race is because of the knowledge and experience given to an individual at the onset of learning. This race is so important to an individual to navigate the events of life, and the quality of life is a direct result of the ability to successfully manage the personal finance race. As a result of the importance of personal finance to … [Read more...]
The Children of the Future: Bypass the next financial crisis creating one saver at a time
The Generation X crowd is now parents, and most Gen Xer's are teaching the same lessons as learned as a teenagers. The Generation X crowd (especially yours truly) is now 40 years of age. The world has changed in the last twenty years as the economic times were good, the stock market was on the rise, and the fall of communism made the United States as the unrivaled+ power in the world. The traditional world order was shedding its mantle, and that included the way our parents become integrated into the financial services world. This Gen Xer did openly buy into the debtor society. My family was very generous with gifts of a college education, a new car, cruise, and a lifestyle beyond belief. However, the first $500 credit card during my first year at North Carolina State University was like free cash. I was given all the gifts of a material lifestyle, but my education system gave me zero preparation of the financial world of credit, savings, and life as adult. When I was … [Read more...]
Dave Ramsey is right, but fixing problems in a cataclysmic reality.
Carla Yanni's fascinating tour of 19th Century Asylums The following tweet was on one of my best friend's tweet feed yesterday, and this retweet has been on my mind for the last 24 hours. The original author of the tweet is Dave Ramsey, and he is so right about looking to DC to fix our fiscal and monetary problems. We must pull that responsibility ourselves, but the following tweet misses some of the realities in our current society, and we can do as much as individuals to make changes to ourselves and people around our existence. The status quo attitude will swallow up all good intentions of the people who are thriving, surviving, and trying because they believe in personal responsibility and innovation. The following is Dave's tweet, and I will follow up with some discussions that I was privy to over the weekend. Dave Ramsey @DaveRamsey If you are better/worse off than 4 years ago it could be YOUR fault. Dont look to DC to fix your life, YOU do it. Retweeted … [Read more...]
