Comments on: Breaking The “Financial Illiteracy” Cycle In Your Family http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/ Personal Finance, Bargains/Deals and My Misc Ramblings Fri, 12 Mar 2010 04:13:40 +0000 http://wordpress.org/?v=2.0.5 by: KRG http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-298 Fri, 03 Aug 2007 05:06:38 +0000 http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-298 Well, you're entitled to your own opinion. It may sound crazy for you but it will work for those who are willing to make it work. Well, you’re entitled to your own opinion. It may sound crazy for you but it will work for those who are willing to make it work.

]]> by: Affiliate Directory and Affiliate Marketing http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-297 Fri, 03 Aug 2007 00:06:42 +0000 http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-297 Sorry, it just sounds like a crazy idea for me :)... Sorry, it just sounds like a crazy idea for me :)…

]]> by: KRG http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-173 Fri, 06 Jul 2007 04:51:06 +0000 http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-173 Minimum wage, there are no guarantees in life! However, keep in mind that knowledge is power. Knowing is one thing and implementing is another. But I'd rather have this financial information than not knowing anything at all. Having a college degree does not guarantee success. But people go to school anyways because they know they have a greater chance of a better life. The same thing applies for educating kids, you are just increasing their chance by imparting these knowledge. Whatever they want to do with that knowledge is up to them. And I think that's what everybody needs, a better chance! Minimum wage, there are no guarantees in life! However, keep in mind that knowledge is power. Knowing is one thing and implementing is another. But I’d rather have this financial information than not knowing anything at all. Having a college degree does not guarantee success. But people go to school anyways because they know they have a greater chance of a better life. The same thing applies for educating kids, you are just increasing their chance by imparting these knowledge. Whatever they want to do with that knowledge is up to them. And I think that’s what everybody needs, a better chance!

]]> by: Minimum Wage http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-171 Thu, 05 Jul 2007 17:37:16 +0000 http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-171 Kids can be saving for things other than an IRA, and I would expect that the vast majority would save for other things before saving for an IRA. For example, I saved $4,000 (approx $20,000 in today's dollars) by the time I graduated high school - not for retirement, but for college. But then I blew all that money getting as liberal arts degree which became worthless when I couldn't afford to go to law school, so today I earn minimum wage. Which reminds me...what good is financial literacy if you don't have any money? Kids can be saving for things other than an IRA, and I would expect that the vast majority would save for other things before saving for an IRA.

For example, I saved $4,000 (approx $20,000 in today’s dollars) by the time I graduated high school - not for retirement, but for college.

But then I blew all that money getting as liberal arts degree which became worthless when I couldn’t afford to go to law school, so today I earn minimum wage.

Which reminds me…what good is financial literacy if you don’t have any money?

]]> by: KRG http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-145 Thu, 28 Jun 2007 05:55:29 +0000 http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-145 Silvia, Thanks for visiting my blog. I'm glad to hear good testimonials from parents who have tried playing the cashflow game with their kids. Silvia, Thanks for visiting my blog. I’m glad to hear good testimonials from parents who have tried playing the cashflow game with their kids.

]]> by: Silvia http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-143 Thu, 28 Jun 2007 00:09:51 +0000 http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-143 I enjoyed your post--on my tour of the latest personal finance carnival. We've played the Cashflow game with our kids and they enjoy it. I enjoyed your post–on my tour of the latest personal finance carnival. We’ve played the Cashflow game with our kids and they enjoy it.

]]> by: Advanced Personal Finance http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-142 Wed, 27 Jun 2007 13:39:18 +0000 http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-142 <strong>Carnival of Personal Finance #106...</strong> Welcome and thanks for visiting! If you're new to Advanced Personal Finance, you may want to subscribe to my RSS feed.The Digerati Life is hosting the Carnival of Personal Finance this week. Here is a sampling of some of my favorite submissions: Mone... Carnival of Personal Finance #106…

Welcome and thanks for visiting! If you’re new to Advanced Personal Finance, you may want to subscribe to my RSS feed.The Digerati Life is hosting the Carnival of Personal Finance this week.
Here is a sampling of some of my favorite submissions:
Mone…

]]> by: Carnival of Personal Finance » Carnival of Personal Finance #106 http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-135 Mon, 25 Jun 2007 13:51:24 +0000 http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-135 [...] Breaking the Financial Illiteracy Cycle in Your Family [...] […] Breaking the Financial Illiteracy Cycle in Your Family […]

]]> by: 91 Ways To Wealth: The Carnival of Personal Finance, Epic Journey Edition » Silicon Valley Blog About Money http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-134 Mon, 25 Jun 2007 12:01:19 +0000 http://www.filamwords.com/breaking-the-financial-illiteracy-cycle-in-your-family/#comment-134 [...] Having parents that were not financial wizards will have an effect on the next generation. KRG from FilAm Personal Finance tells us how we can help our kids get on the right financial track with Breaking The “Financial Illiteracy” Cycle In Your Family. [...] […] Having parents that were not financial wizards will have an effect on the next generation. KRG from FilAm Personal Finance tells us how we can help our kids get on the right financial track with Breaking The “Financial Illiteracy” Cycle In Your Family. […]

]]>