Special Ed Posted February 17, 2013 Share Posted February 17, 2013 'If you could choose between worldpeace and Bill Gate’s fortune, what color would your Lamborghini be?' -Will Farrell Link to comment Share on other sites More sharing options...
canucks.brad Posted February 17, 2013 Share Posted February 17, 2013 this should be standard. cut all the bull crap calculus and science stuff (no offence to people in science, but its just not practical for those who don't go on to use it) teach people personal finances, basic mechanics, basic electrical, basic plumbing, basic cooking...the stuff people actually need to use to survive in real life. Link to comment Share on other sites More sharing options...
Dittohead Posted February 17, 2013 Share Posted February 17, 2013 I'll be digging some holes soon. some of my mutual funds have physical gold but some in the casino. silver is manipulated big time by JPM. it's comical. Link to comment Share on other sites More sharing options...
El_Capitan Posted February 17, 2013 Share Posted February 17, 2013 Amazing idea. I've always wanted to see a book published for high-school/university kids that revolves around personal finances, loans, lines of credit and how to buy your first house etc. A sort of "The Wealthy Barber" for the younger generation. Link to comment Share on other sites More sharing options...
nuckin_futz Posted February 17, 2013 Share Posted February 17, 2013 I'll be digging some holes soon. some of my mutual funds have physical gold but some in the casino. silver is manipulated big time by JPM. it's comical. Link to comment Share on other sites More sharing options...
literaphile Posted February 17, 2013 Share Posted February 17, 2013 this should be standard. cut all the bull crap calculus and science stuff (no offence to people in science, but its just not practical for those who don't go on to use it) Link to comment Share on other sites More sharing options...
Mr. Ambien Posted February 17, 2013 Share Posted February 17, 2013 Adults very well understand the elementary concept of "you don't spend more than what you have". Obviously making courses mandatory isn't going to help whatsoever. So when that inevitably fails maybe they can implement a class on how to make a government pull it's head out of it's ass. People are spending themselves into debt because they can thanks to governments like the United States' giving incentives to lenders to issue credit to people that very clearly shouldn't have it. Their government interferes with natural caution that should be taken with credit by the lender and gives incentives or financially backs such risks so when they inevitably go down the crapshoot it's taxpayers that are on the hook for it. Or, in all seriousness, people should be taking a class on how to elect government officials. Link to comment Share on other sites More sharing options...
pwnstar Posted February 17, 2013 Share Posted February 17, 2013 uk is going to crap financially isnt it? Link to comment Share on other sites More sharing options...
Dittohead Posted February 17, 2013 Share Posted February 17, 2013 Silver is the most manipulated metal I have ever traded. I believe JP Morgan and to a smaller extent HSBC was actually short many times more silver than had been dug out of the ground in the history of mankind. How the CFTC let's them get away with this is criminal. When silver crossed $50/oz a few years back they allegedly called in some major favors at the COMEX exchange. As a result COMEX increased margins on silver way more than usual in an effort to halt the rise. When this worked and the price began to go down COMEX inexplicably increased margins many more times as the price was falling. Must be nice to have friends in high places. Link to comment Share on other sites More sharing options...
Electro Rock Posted February 17, 2013 Share Posted February 17, 2013 Finally a good idea from the U.K., though the first thing they should be teaching kids is that private central banking is bad. Link to comment Share on other sites More sharing options...
Dellins Posted February 17, 2013 Share Posted February 17, 2013 I haven't needed the Math that I learned about through most of high-school (optional or mandatory courses) since I graduated. What a shocker. Link to comment Share on other sites More sharing options...
Lancaster Posted February 18, 2013 Share Posted February 18, 2013 Teaching personal finance is worthless for kids. Even adults being constantly bombarded by ads saying how you gotta save up for retirement and stuff falls on deaf ears. We live in a world where consumption is the norm. You gotta get the next iPhone, the biggest TV, buy yourself the most expensive car you can and move to a part of town you can't really afford to reside at.... all while you slave away at a minimum wage job because you decided to get a Masters in Basket Weaving. No amount of financial planning can prevent idiocy. Link to comment Share on other sites More sharing options...
D-Money Posted February 18, 2013 Share Posted February 18, 2013 Something that I have advocated for years along with courses on consumer and employment rights. Link to comment Share on other sites More sharing options...
ronthecivil Posted February 18, 2013 Share Posted February 18, 2013 Personal finances are not the proper subject for schools. This is something that should be learned in the home. It is up to parents to decide when and how much of this sort of information should be imparted. Amirite??? Link to comment Share on other sites More sharing options...
ronthecivil Posted February 18, 2013 Share Posted February 18, 2013 Teaching personal finance is worthless for kids. Even adults being constantly bombarded by ads saying how you gotta save up for retirement and stuff falls on deaf ears. We live in a world where consumption is the norm. You gotta get the next iPhone, the biggest TV, buy yourself the most expensive car you can and move to a part of town you can't really afford to reside at.... all while you slave away at a minimum wage job because you decided to get a Masters in Basket Weaving. No amount of financial planning can prevent idiocy. Link to comment Share on other sites More sharing options...
Wetcoaster Posted February 18, 2013 Share Posted February 18, 2013 No need to preach about buying one asset or another but it would be good for people to know the actual rules and have basic accounting abilities. Right now something like 10% of people actually know what an RRSP really is and the government has mulled the idea of changing the name of the TFSA because some people were treating it like a chequing account and over contributing as a result. You can lay out the rules of the game without telling people how to play it. Link to comment Share on other sites More sharing options...
ronthecivil Posted February 18, 2013 Share Posted February 18, 2013 Adults very well understand the elementary concept of "you don't spend more than what you have". Obviously making courses mandatory isn't going to help whatsoever. So when that inevitably fails maybe they can implement a class on how to make a government pull it's head out of it's ass. People are spending themselves into debt because they can thanks to governments like the United States' giving incentives to lenders to issue credit to people that very clearly shouldn't have it. Their government interferes with natural caution that should be taken with credit by the lender and gives incentives or financially backs such risks so when they inevitably go down the crapshoot it's taxpayers that are on the hook for it. Or, in all seriousness, people should be taking a class on how to elect government officials. Link to comment Share on other sites More sharing options...
ronthecivil Posted February 18, 2013 Share Posted February 18, 2013 Allow me to observe... Link to comment Share on other sites More sharing options...
Wetcoaster Posted February 18, 2013 Share Posted February 18, 2013 I guess Amerite should have tipped off the sarcasm meter. Link to comment Share on other sites More sharing options...
ronthecivil Posted February 19, 2013 Share Posted February 19, 2013 And my prior posts on this issue. Substitute "sex education" for "personal finances education" and you can see the inherent irony. Link to comment Share on other sites More sharing options...
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