Comments on: Financial Literacy? http://www.theslowbleed.com/economy/financial-literacy/ The Systematic Draining of America's Economy, Culture, and Pride. Thu, 29 Dec 2011 06:21:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Elisabeth Donati http://www.theslowbleed.com/economy/financial-literacy/comment-page-1/#comment-374 Elisabeth Donati Wed, 04 Jun 2008 21:36:21 +0000 http://theslowbleed.wordpress.com/?p=151#comment-374 I totally agree with the 'setting the example' comment above. It's one of the main premises in my new book, The Ultimate Allowance. We must start setting an example for our kids, from the top town. We must start talking to our kids about everything financial and stop making money mean more than it is and last but not least, we MUST start letting our kids have tons of opportunities while they are young to practice with money. If you want more information, Google, The Ultimate Allowance by Elisabeth Donati. Thanks! I totally agree with the ‘setting the example’ comment above. It’s one of the main premises in my new book, The Ultimate Allowance. We must start setting an example for our kids, from the top town. We must start talking to our kids about everything financial and stop making money mean more than it is and last but not least, we MUST start letting our kids have tons of opportunities while they are young to practice with money. If you want more information, Google, The Ultimate Allowance by Elisabeth Donati. Thanks!

]]> By: Godfather http://www.theslowbleed.com/economy/financial-literacy/comment-page-1/#comment-373 Godfather Wed, 04 Jun 2008 20:37:54 +0000 http://theslowbleed.wordpress.com/?p=151#comment-373 When the government and the parents can't handle money, how can we expect them to put a priority on teaching our kids how to? When the government and the parents can’t handle money, how can we expect them to put a priority on teaching our kids how to?

]]> By: Mike Lovell http://www.theslowbleed.com/economy/financial-literacy/comment-page-1/#comment-372 Mike Lovell Wed, 04 Jun 2008 15:04:00 +0000 http://theslowbleed.wordpress.com/?p=151#comment-372 I think one of the reasons the apparent consensus on younger people claiming bankruptcy is partly the parents fault, and partly society's fault. They see bankruptcy, at least under the old laws, as a way to gain a bunch of stuff, and not pay full price on it over time. They saw their parents do it, they see the ever-increasing commercials for bankruptcy lawyers who will get them out of debt, etc etc. On a personal note..I knew a guy who was just starting a home based business. He saw the $$$, jumped in, and because he had high debt, (new truck, new house, new wife and kid) and low income, in order to help invest in his business he decided rather than reducing his debt the resposible way, he'd claim bankruptcy, keep his stuff, lose the debt, and get rich. Seems to me, if a guy like that is planning on running his own business, I wouldn't want him into me for any money....I'd get screwed. I think one of the reasons the apparent consensus on younger people claiming bankruptcy is partly the parents fault, and partly society’s fault. They see bankruptcy, at least under the old laws, as a way to gain a bunch of stuff, and not pay full price on it over time. They saw their parents do it, they see the ever-increasing commercials for bankruptcy lawyers who will get them out of debt, etc etc.

On a personal note..I knew a guy who was just starting a home based business. He saw the $$$, jumped in, and because he had high debt, (new truck, new house, new wife and kid) and low income, in order to help invest in his business he decided rather than reducing his debt the resposible way, he’d claim bankruptcy, keep his stuff, lose the debt, and get rich. Seems to me, if a guy like that is planning on running his own business, I wouldn’t want him into me for any money….I’d get screwed.

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