You cannot keep relying on the educational system to teach you and your kids financial literacy .
There are people that manage money really well in America .
You have to break bad spending habits in order to free up cash .
What you do with money is the most important thing .
Lets say you make 50 dollars per-week and save 15 % you are doing good .
How many times are you going to go broke every pay check before you start paying attention .
Learn from the mistakes of others .
If I am the person saving %15 I would take that money and invest it into merchandise and start selling the merchandise on Ebay , Facebook market place ,Amazon to earn a return on my invest ment .
It is amazing how some of you don’t have the money for investments and your bills but you have it for a vacations clothes and concerts .
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Some people don’t understand budgeting and why they should budgeting.
It took me a while to grasp the concept however I always understood the importance of saving .
It takes responsibility to save but alot of people are good savers .
What people are lacking is the understanding of compounding interest .
I understand you work a 9 -5 and some of you are self emoyed but at some point you have to invest the money and let it work for you .
The responsibility is yours to educate your self and your children on financial literacy .
The educational system isn’t going to implement real estate or stock market or entrepreneurship into the cirriculum , so you can forget that !
I think it is irresponsible to rely on a system that is designed to produce working class citizens to teach financial lireracy .
How much longer are you going to keep beating on that drum ?
I do not expect the educational system to change anytime soon and like hell if I am going to waite .
The biggest mistske you can make is to kee relying upon the educational system .
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It is time to start thinking and doing things independently .
Finincial literacy can be taught in your household.
When I say “financially literacy” I mean understanding compounding interest and knowing the difference between working for money and having your money work for you .
A lot of people know how to save but however when the cost of living goes up the dollar depreciates .
Inflation eats up any gains you made in the bank .
When you invest your money you end up paying less to uncle sam then the averag person .
Most Governments seem to reward the investors and punish employees by taxing them to death .
When the cost of living goes up the burden of the cost is passed on to the tax payer .
There is no conspiracy where the rich are some evil people like some of you think . There is a such thing called “tax loop holes ” which any one can take advantage of .
Do you realize that business income is taxed at a lower rate than employee income?
You can donate capital gains to charities and reduce your taxes .
Conclusion
If you are willing to do your research and learn you can become better with your money management skills .
Like anything else you have to apply yourself .
Start disciplining yourself. Read the business section of the news papers , grab a few books from the library and or Amazon .
Listen to podcast and watch YouTube videos and be sure to apply what you learn .