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    Home » Banking » An informal course of studies

    An informal course of studies

    December 28, 2007 by Administrator  

    I’m studying money.

    Most kids come out of high school ill-prepared for life and that includes me. We had a class called MoCE, Mathematics of Consumer Economics. I had an extra elective and I wanted to take that course. The counselor tried to get me to take something else. She said I was “too smart” for it since I was taking 2nd year algebra at the time. I argued that while I could plot a curve for y=x2 it didn’t mean I could balance a checkbook. She saw my reasoning and let me sign up for it. The math was pretty easy and I got an A but I was there more for the concepts than anything. There were a lot of kids who were not on the engineering math track in the class who didn’t do as well. So I understood why the counselor said what she said.

    That class covered a lot, but still didn’t teach me several key things that I needed to know and now at 44 I am engaged in some catch-up learning. It’s not my parents’ fault for not teaching me. They were brought up and trained in what we can call the Employment World View. The problem with that philosophy is that it doesn’t promote prosperity in the true sense. If you don’t believe me, just look at the debt statistics. I am not trying to contrast it with unemployment. That’s never a good idea. Well let me qualify that. Having no income is never a good idea. But there are ways of making a living without being employed. What I am working to do is shift my thinking to the Ownership World View. By that I mean having my own business and having money work for me. It’s a concept I am learning from Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money–That the Poor and Middle Class Do Not! by Robert Kiyosaki. I have many more books to read. What I have learned so far is that whatever is not making you money is costing you money. That especially goes for things people pour money into and think are “assets” like houses and cars. I’ll be posting more about these topics as I learn things and apply them. What I am doing right now is increasing my income and savings, trying to use credit less and get out of debt. It cannot be done overnight. But we don’t get where we are overnight either.


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