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Americans are abysmally stupid when it comes to finances.
Maybe instead of teaching high school kids how to put condoms on bananas we should be teaching them finance.
Americans are abysmally stupid when it comes to finances.
Maybe instead of teaching high school kids how to put condoms on bananas we should be teaching them finance.
Its not just Americans.
I was a stock broker in Canada shortly after I left university. I was shocked at how little people saved. I remember having a conversation with this couple in their mid-50s who had $9000 in the bank, and they wanted me to turn that into enough for them to retire on. Stunning.
True.
Funny but is it only people who were in the finance business for a period in their lives that save?
My wife and i are compulsive savers and i see none of our friends saving. I hate when people ask me advice when they know I used to be a financial adviser. I no longer give any advice because it has actually created friction between some of my friends and me.
I've found that it's easier to ask a client or friend if his wife is good in bed than it is to have an honest dialogue about their finances.
Sad indeed.
The trouble is, most people don't realize that true freedom is not some perceived government intrusion into their lives but rather financial independence.
The ability to tell your boss to "shove it" is way more liberating than the government taking a few extra bucks out of your pay check each week in a tax hike.
Americans are abysmally stupid when it comes to finances.
Maybe instead of teaching high school kids how to put condoms on bananas we should be teaching them finance.
Sad indeed.
The trouble is, most people don't realize that true freedom is not some perceived government intrusion into their lives but rather financial independence.
The ability to tell your boss to "shove it" is way more liberating than the government taking a few extra bucks out of your pay check each week in a tax hike.
But the more the government takes, the less choice you have.
Sad indeed.
The trouble is, most people don't realize that true freedom is not some perceived government intrusion into their lives but rather financial independence.
The ability to tell your boss to "shove it" is way more liberating than the government taking a few extra bucks out of your pay check each week in a tax hike.
Americans are abysmally stupid when it comes to finances.
Maybe instead of teaching high school kids how to put condoms on bananas we should be teaching them finance.
Its not just Americans.
I was a stock broker in Canada shortly after I left university. I was shocked at how little people saved. I remember having a conversation with this couple in their mid-50s who had $9000 in the bank, and they wanted me to turn that into enough for them to retire on. Stunning.
Americans are abysmally stupid when it comes to finances.
Maybe instead of teaching high school kids how to put condoms on bananas we should be teaching them finance.
Median household fell to $50,303 last year, from $52,163 in 2007. In 1998, median income was $51,295. All these numbers are adjusted for inflation.