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The said truth is that financial literacy is worthless to high school teenagers living with their parents. They’re too busy trying to get laid and play high school sports
You would have to start at kindergarten before they have a chance to think. It needs to be as important as reading, writing, and math.
Think back to your high school days, where you worried about building credit or mortgaging a house? Probably not. But if you started very early, like many Jewish Americans, you would be very good with money as an adult.
Elementary school is still too young, i think.
High school they should be taught about all things financial.
Any GOOD financial advice book is a good and should be required reading.
They need to be taught about
Savings accounts;
CDs;
Writing checks;
Balancing a checkbook;
Stocks;
Bonds;
Mutual funds;
ETFs;
Mortgages;
Real Estate buying/selling;
Funding college;
Funding retirement;
And more.
Id suggest that they teach it in college, but not everyone goes to college. But it should be a REQUIRED course to graduate from high school and from college.
A Personal Finance and Economics course should be taught/required for graduation from both high school and college, AND INCLUDED in GED requirements for graduation high school that way.
EVERYONE should be taught.
Any number if books, or one created for the express purpose of the course will do.
When I think of being wealthy and putting that wealth to use, I think of George Soros or the Koch brothers, or Robert Mercer. That's the sort of fortune that I dream of building, and the sort of influence that I dream of wielding. No please tell me: am I going to get there by driving a cheaper car, or investing in duplexes, or maxing out my annual 401K contributions?
Becoming the next George Soros or the like is an unachievable goal for most people. The point of saving and investing is to become financially independent.
That is a realistic goal for a large percentage of Americans if they put in the effort over a long period of time.
High school they should be taught about all things financial.
Any GOOD financial advice book is a good and should be required reading.
They need to be taught about
Savings accounts;
CDs;
Writing checks;
Balancing a checkbook;
Stocks;
Bonds;
Mutual funds;
ETFs;
Mortgages;
Real Estate buying/selling;
Funding college;
Funding retirement;
And more.
Id suggest that they teach it in college, but not everyone goes to college. But it should be a REQUIRED course to graduate from high school and from college.
A Personal Finance and Economics course should be taught/required for graduation from both high school and college, AND INCLUDED in GED requirements for graduation high school that way.
EVERYONE should be taught.
Any number if books, or one created for the express purpose of the course will do.
Isn't teaching life skills generally the responsibility of parents?
I would not trust the school system to adequately educate my kids on finances.
i would never trust the parents to teach their children anything related to , personal finance or investing as a group . i don't blame the system for poor math skills i blame the kids having no interest
i would never trust the parents to teach their children anything related to , personal finance or investing as a group . i don't blame the system for poor math skills i blame the kids having no interest
And that's exactly the reason a personal finance class would not work in high school.
And that's exactly the reason a personal finance class would not work in high school.
What makes you think that the kids have any interest in ANY of the classes at all? But yet we still require the courses.....
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