Comments for Early Financial Literacy For Kids http://earlyfinance.imagehost.net EArly Financial Literacy / Education for children and Financial Parenting Tue, 07 Sep 2010 05:44:56 +0000 http://wordpress.org/?v=2.3.3 Comment on About This Blog by Ampy http://earlyfinance.imagehost.net#comment-11 Ampy Fri, 02 May 2008 21:11:58 +0000 http://earlyfinance.imagehost.net#comment-11 hey leap4ward...you pointed out a very true reality nowadays. The human nature that goes this way-if things have gone right we absolutely credit it to ourselves, but if things have gone bad we waste no time in blaming anything,anybody and everybody but ourselves. They scream lawsuits and bankruptcy. Meantime, the damage has been done and the repercussion to the economy is quite astounding.The ripple effect rocked the roof and dining table of every household in the nation.I believe the message is clear.This problem will have to be addressed starting not from the White House or the Feds but from every household across the nation. Responsibility to EDUCATE ourselves and our kids early enough to not be daunted by the matrix and metrics of money matters that really matters to us is really in our hands. Having said that, government for what it is intended for must be an ally to this cause… anybody concurrs? hey leap4ward…you pointed out a very true reality nowadays. The human nature that goes this way-if things have gone right we absolutely credit it to ourselves, but if things have gone bad we waste no time in blaming anything,anybody and everybody but ourselves. They scream lawsuits and bankruptcy. Meantime, the damage has been done and the repercussion to the economy is quite astounding.The ripple effect rocked the roof and dining table of every household in the nation.I believe the message is clear.This problem will have to be addressed starting not from the White House or the Feds but from every household across the nation.

Responsibility to EDUCATE ourselves and our kids early enough to not be daunted by the matrix and metrics of money matters that really matters to us is really in our hands. Having said that, government for what it is intended for must be an ally to this cause… anybody concurrs?

]]> Comment on About This Blog by leap4ward http://earlyfinance.imagehost.net#comment-10 leap4ward Fri, 02 May 2008 17:50:51 +0000 http://earlyfinance.imagehost.net#comment-10 Ampy.... Your using the term “phobic” is interesting. I for one think it is the sheer laziness or lack of desire to learn the language of math or finance rendered many unprepared for the realities of our bleak economic times today. Didn’t seem important then otherwise it would have been taught in school or at home while we were growing up. Caught unprepared we get intimidated to examine and understand how the biggest monthly expense i.e. // our monthly mortgage payment been impressively affordable a few years back, but now suddenly became heinously unaffordable. We scratch our heads, how did that happen:-)? We didn’t care to know for instance how the debt to income ratio plays out in the home buying qualifying process such that we know from the very start if we really could have afforded that house we bought a few years ago with the “slick” help and advice of realtors and mortgage brokers. It is no wonder that instead of investing time and energy to research and understanding the financial language associated with our biggest investment_ our home, we conveniently chose the path of financial ignorance that rendered many of us easy victims of predatory lending and pushy realtors rampant not so long ago. Now, forced with the painful and embarrassing reality of foreclosure that we should have seen coming, we cry out to the media in publicized rational defense, “we did not know what we were doing or what they got us into. Their advice sounded smart, savvy and professional. We would never have agreed to this kind of loan terms had we really understood it.” Ampy…. Your using the term “phobic” is interesting. I for one think it is the sheer laziness or lack of desire to learn the language of math or finance rendered many unprepared for the realities of our bleak economic times today. Didn’t seem important then otherwise it would have been taught in school or at home while we were growing up. Caught unprepared we get intimidated to examine and understand how the biggest monthly expense i.e. // our monthly mortgage payment been impressively affordable a few years back, but now suddenly became heinously unaffordable. We scratch our heads, how did that happen:-)? We didn’t care to know for instance how the debt to income ratio plays out in the home buying qualifying process such that we know from the very start if we really could have afforded that house we bought a few years ago with the “slick” help and advice of realtors and mortgage brokers. It is no wonder that instead of investing time and energy to research and understanding the financial language associated with our biggest investment_ our home, we conveniently chose the path of financial ignorance that rendered many of us easy victims of predatory lending and pushy realtors rampant not so long ago. Now, forced with the painful and embarrassing reality of foreclosure that we should have seen coming, we cry out to the media in publicized rational defense, “we did not know what we were doing or what they got us into. Their advice sounded smart, savvy and professional. We would never have agreed to this kind of loan terms had we really understood it.”

]]> Comment on OF Money and Polygamy by Ampy http://earlyfinance.imagehost.net/financial-literacy/of-money-and-polygamy/#comment-9 Ampy Fri, 02 May 2008 15:47:55 +0000 http://earlyfinance.imagehost.net/financial-literacy/of-money-and-polygamy/#comment-9 Haven't watch that news, but there are a lot of news I kind of chose not to watch...this is indeed a polygamous robbery of the responsible taxpayers' $$$ alright. This can NOT be condoned!!! Haven’t watch that news, but there are a lot of news I kind of chose not to watch…this is indeed a polygamous robbery of the responsible taxpayers’ $$$ alright. This can NOT be condoned!!!

]]> Comment on Who Cares-Part 1? by Ampy http://earlyfinance.imagehost.net/financial-literacy/who-cares/#comment-8 Ampy Fri, 02 May 2008 00:52:09 +0000 http://earlyfinance.imagehost.net/financial-literacy/who-cares/#comment-8 I have two very young kids in preschool and grade school and having seen an advantage of early finance education despite the government’s apathy towards it, I am taking responsibility for educating them in every spending and earning situations; in delayed gratifications so as to not incur unnecessary debts. I give them opportunities to earn a dollar a day towards that “cool hot wheel track” they so wanted to have. And that they may not have it until they have enough money earned towards the object of their wish lists. I call this a lesson of delayed gratification. I believe that if this lesson is imbibed early into their spending DNA, the yoke of a debt ridden life will not necessarily be a part of their life now or tomorrow. I am definitely passionate about this cause that I know it is worth every penny of investment to explore outside help and services that is consistent to this goal of giving my kids this early advantage in life. To me as a parent, it is a worthwhile legacy. I have two very young kids in preschool and grade school and having seen an advantage of early finance education despite the government’s apathy towards it, I am taking responsibility for educating them in every spending and earning situations; in delayed gratifications so as to not incur unnecessary debts. I give them opportunities to earn a dollar a day towards that “cool hot wheel track” they so wanted to have. And that they may not have it until they have enough money earned towards the object of their wish lists. I call this a lesson of delayed gratification.

I believe that if this lesson is imbibed early into their spending DNA, the yoke of a debt ridden life will not necessarily be a part of their life now or tomorrow. I am definitely passionate about this cause that I know it is worth every penny of investment to explore outside help and services that is consistent to this goal of giving my kids this early advantage in life. To me as a parent, it is a worthwhile legacy.

]]> Comment on Who Cares-Part 1? by Ampy http://earlyfinance.imagehost.net/financial-literacy/who-cares/#comment-7 Ampy Fri, 02 May 2008 00:51:34 +0000 http://earlyfinance.imagehost.net/financial-literacy/who-cares/#comment-7 How ironic is the truism of the message of the movie that I am surprised it is allowed to have become a movie. But again, no such threats to the congresswoman as she had poignantly observed people simply do not care and you can not make them care with the exception obviously of the blond. I may not be blond, but I am legally an American who CARES. How???? Please excuse me... I have a situation here with the kids... see my next p How ironic is the truism of the message of the movie that I am surprised it is allowed to have become a movie. But again, no such threats to the congresswoman as she had poignantly observed people simply do not care and you can not make them care with the exception obviously of the blond. I may not be blond, but I am legally an American who CARES. How???? Please excuse me… I have a situation here with the kids… see my next p

]]> Comment on Who Cares? by Ampy http://earlyfinance.imagehost.net/financial-literacy/who-cares-2/#comment-6 Ampy Fri, 02 May 2008 00:36:32 +0000 http://earlyfinance.imagehost.net/financial-literacy/who-cares-2/#comment-6 The politicians, I believe are not more political than us. By our equal inalienable political rights as citizens of this great nation, we have entrusted our vote of confidence in them when they so solicited us to appoint them the magnanimous servant’s role of serving society in the socio, economic-political arena. This translates to me as a voter and a taxpayer an evidence of effective laws or memorandums and appropriate funding that ensure a holistic, responsive and relevant educational system. This means having an antidote plan of actions towards those that will work on relegating education as the least priority of government over maintaining status as a world wide police so long as the faithful (or forced) taxpayers remain apathetic towards where their tax dollars are being gigantically misappropriated for The politicians, I believe are not more political than us. By our equal inalienable political rights as citizens of this great nation, we have entrusted our vote of confidence in them when they so solicited us to appoint them the magnanimous servant’s role of serving society in the socio, economic-political arena. This translates to me as a voter and a taxpayer an evidence of effective laws or memorandums and appropriate funding that ensure a holistic, responsive and relevant educational system. This means having an antidote plan of actions towards those that will work on relegating education as the least priority of government over maintaining status as a world wide police so long as the faithful (or forced) taxpayers remain apathetic towards where their tax dollars are being gigantically misappropriated for

]]> Comment on About This Blog by Ampy http://earlyfinance.imagehost.net#comment-4 Ampy Fri, 25 Apr 2008 23:49:44 +0000 http://earlyfinance.imagehost.net#comment-4 I don't think that having English as the primary language necessarily accounts to better fincncial education although it helps. I believe financial education in order to be impactful in one's life have to encompass learning the financial basics as well as imbibing the right behaviors related to it. I learned that money, math and numbers don’t lie to us and are simple to figure out if we don’t give in to thoughts of it being tricky, complex and beyond our comprehension. I have heard it poignantly said, "figures don't lie, but liars figure." In retrospect, I don’t understand why I found a lot of my classmates from elementary to college seem so phobic towards it like there was some kind of traumatic experience associated with it to warrant their behavior. I don’t think that having English as the primary language necessarily accounts to better fincncial education although it helps. I believe financial education in order to be impactful in one’s life have to encompass learning the financial basics as well as imbibing the right behaviors related to it. I learned that money, math and numbers don’t lie to us and are simple to figure out if we don’t give in to thoughts of it being tricky, complex and beyond our comprehension. I have heard it poignantly said, “figures don’t lie, but liars figure.” In retrospect, I don’t understand why I found a lot of my classmates from elementary to college seem so phobic towards it like there was some kind of traumatic experience associated with it to warrant their behavior.

]]> Comment on About This Blog by loco http://earlyfinance.imagehost.net#comment-12 loco Wed, 02 Apr 2008 22:12:22 +0000 http://earlyfinance.imagehost.net#comment-12 To quote “figures do not lie, but liars figure.” This must have been the basis of the "liar loans." ~~~~~~~~~~~~~~YOU THINK~~~~~~~~~~~~~~~~~~~~~ To quote “figures do not lie, but liars figure.” This must have been the basis of the “liar loans.”
~~~~~~~~~~~~~~YOU THINK~~~~~~~~~~~~~~~~~~~~~

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