I am creating this blog to share financial knowledge in a very easy, professional manner so that you can take control of your financial lives instead of it taking control of you. Please spread the word about this blog to anyone you think would benefit from it!
How many of us went to school semester after semester learning things like... pi to 4 decimal places (3.1416), or that the square of the hypotenuse of a right triangle is equal to the sum of the squares on the other two sides (Pythagorean theorem), or the fact that the world has an Inner core, an Outer core, a Mantle, an Asthenosphere, a Lower region, a Mohorovicic Discontinuity and a Lithosphere? Jupiter has how many moons again? Don't get me wrong, these things are all useful in their respective place and field. However, how often do we use these things? Daily? Monthly? Yearly? Once in our lives (just to pass the test, right?) Are these facts and knowledge pertinent to functioning normally in our society? Mostly I'd think not. Yet, we use money EVERY DAY and how many of us learned in school things like The Rule of 72? Estate Planning? Budgeting? Net Worth? Investment Philosophies? Insurances? Time-Value of Money? Credit? Loans? Taxes? Debt-to-Income Ratios? Inflation/Deflation? Dollar-Cost Averaging? The Economic Cycles? IRAs? Net and Gross Income? Passive Income? Personal Financial planning? Contracts? Qualified Retirement Accounts? Financial Independence Number? Risk? Simple Interest? Deductions? Vesting? Writing a Will?
These things can affect us every day, but we are not taught how! We are not taught where to find this knowledge! We're not taught what these things mean or why they are!
"A lack of financial literacy can result in a person falling prey to investment scams, buying the wrong kinds of life insurance, incurring excessive levels of consumer debt, paying too much interest on debt, spending money unconsciously or frivolously, delaying saving for retirement and ultimately being unable to reach his or her financial objectives!" - Personal Finance Gorman pg 3.
So, come along with me as I learn and be wise in your finances! What can I say more?
Sunday, May 17, 2009
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I'm trying to decide if I'm going to take comments for this blog. If you think you'd leave a comment in the future, please say so now, other wise I'm going to disable the comments -- if I can figure out how. Thanks!
ReplyDeleteI would probly comment, but if you want to disable comments then thats fine too. What a neat blog, I am always game for learning something new.
ReplyDeleteLooks great... We are excited to learn.
ReplyDelete