Thursday, March 13, 2008

There’s no money in teaching people about money

I’ve learned another reason why there is no emphasis in our society to teach personal finance to teens or anyone, for that matter – there’s no money in it! Well, I guess this isn’t true for Suze Orman or Robert Kiyosaki – I need to get that best selling book finished! But generally teaching the basics of personal finance does not a lucrative career make.

You’ll find people out there willing to teach all about insurance and annuities so that you will, in turn, buy some insurance or put money in an annuity. You can even find banks encouraging people to learn about checking accounts. But, as I’m sure some people in the banking industry have figured out, the less people understand about all the fees involved from not managing your checking account properly, the more the bank benefits. $$$

Now who in the credit card industry really wants us to understand – really understand – all the terms and conditions of a credit card agreement? This has become a much bigger issue over the last few years as there has been more and more emphasis on encouraging people to understand what happens if you go into too much debt. However, there’s so much more to know about credit cards than “don’t get into too much debt” –
· What’s the difference between credit cards, charge cards, debit cards, pre-paids?
· Where do you look to find out about all the fees BEFORE you sign up?
· What are all the fees that may take place if I do something wrong?
· What are some of the things that may go wrong?
· What does “No Payments, No Interest” really mean?
· How can I REALLY get my credit report for free?

I have not found anyone who teaches people how to stay organized so bills get paid. I think as a culture we haven’t come to the realization that this is something we don’t know. We still believe that paying bills is a money issue instead of an organizational issue. But that’s a whole other blog topic.

What about explaining what comes out of your paycheck when you get a job? Who would benefit from this knowledge? Obviously the employee, but who else? Pre-tax deductions, how taxes work, 401(k) accounts. Why would anyone take out the time to teach this to your kids? Teachers are already busy teaching stuff that kids need to know to go to college (which unfortunately does not include these topics). People who really understand these topics usually already have a job doing something else. Are they going to quit to do this? I did. But I think I’m the only crazy one out there.

As I lay in bed at 5AM thinking about all the stuff on my schedule – several workshops, networking events, even an appearance on a local cable show – very few of these activities actually pay me anything. So I can see why others who may have considered this path, would quickly scurry over to an alternative route.

But I’m on my mission. My path has been clearly defined and all obstacles have been removed to encourage me to stay on it. And even though the money is slow in coming, I’m sure it’ll be there in time. I tell my friends all the time, “I have the perfect life! Everything is going really, really well, except that we have no money.”

6 comments:

Multifuncional said...

Hello. This post is likeable, and your blog is very interesting, congratulations :-). I will add in my blogroll =). If possible gives a last there on my blog, it is about the Impressora e Multifuncional, I hope you enjoy. The address is http://impressora-multifuncional.blogspot.com. A hug.

Anonymous said...

Hello !.
You may , probably very interested to know how one can reach 2000 per day of income .
There is no need to invest much at first. You may begin to receive yields with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
The firm represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

It is based in Panama with offices everywhere: In USA, Canada, Cyprus.
Do you want to become an affluent person?
That`s your choice That`s what you wish in the long run!

I feel good, I started to get real money with the help of this company,
and I invite you to do the same. It`s all about how to choose a correct partner utilizes your money in a right way - that`s AimTrust!.
I take now up to 2G every day, and my first deposit was 1 grand only!
It`s easy to start , just click this link http://xaqudoze.o-f.com/rikavyg.html
and lucky you`re! Let`s take our chance together to feel the smell of real money

Anonymous said...

Hi !.
You re, I guess , probably curious to know how one can manage to receive high yields .
There is no initial capital needed You may begin to receive yields with as small sum of money as 20-100 dollars.

AimTrust is what you thought of all the time
The company represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

It is based in Panama with affiliates around the world.
Do you want to become really rich in short time?
That`s your choice That`s what you really need!

I feel good, I started to take up real money with the help of this company,
and I invite you to do the same. It`s all about how to select a correct companion utilizes your savings in a right way - that`s it!.
I earn US$2,000 per day, and my first deposit was 1 grand only!
It`s easy to join , just click this link http://odasukixab.freecities.com/uwisot.html
and go! Let`s take our chance together to feel the smell of real money

Anonymous said...

Hi there!
I would like to burn a theme at here. There is such a thing, called HYIP, or High Yield Investment Program. It reminds of financial piramyde, but in rare cases one may happen to meet a company that really pays up to 2% daily not on invested money, but from real profits.

For several years , I earn money with the help of these programs.
I don't have problems with money now, but there are heights that must be conquered . I make 2G daily, and I started with funny 500 bucks.
Right now, I'm very close at catching at last a guaranteed variant to make a sharp rise . Turn to my web site to get additional info.

http://theinvestblog.com [url=http://theinvestblog.com]Online Investment Blog[/url]

Anonymous said...

Hi everybody!

Let me introduce myself,
my name is James F. Collins.
Generally I’m a social gmabler. for a long time I’m keen on online-casino and poker.
Not long time ago I started my own blog, where I describe my virtual adventures.
Probably, it will be interesting for you to utilize special software facilitating winnings .
Please visit my web page . http://allbestcasino.com I’ll be glad would you find time to leave your comments.

Anonymous said...

http://www.site.com - [url=http://www.site.com]site[/url] site
site