Do you owe money?

[swissie]

On 9/22/2024 at 12:57 PM, Lacessit said:

I agree. Nothing wrong with taking out credit to buy an appreciating asset.

However, the dearth of financial education for the average person means many can't tell the difference between that and a depreciating asset.

True words. Our schools should teach the kids about "money" (how to earn it, how to spend it, how to invest it). Instead we are still forcing them to analyse Sokrates and Plato's "inner meaning" of what they thought over 2000 years ago.

[Foxx]

1 minute ago, swissie said:

 Instead we are still forcing them to analyse Sokrates and Plato's "inner meaning" of what they thought over 2000 years ago.

 

And even worse, we're forcing them to do it in English, rather than in the original Greek.  How standards have slipped! ω καιροί, ω ήθη.

[Lacessit]

3 minutes ago, swissie said:

True words. Our schools should teach the kids about "money" (how to earn it, how to spend it, how to invest it). Instead we are still forcing them to analyse Sokrates and Plato's "inner meaning" of what they thought over 2000 years ago.

If schools were really serious about financial education, they would teach every male child the biggest single threat to any wealth they accumulate is women.

[swissie]

7 minutes ago, Lacessit said:

If schools were really serious about financial education, they would teach every male child the biggest single threat to any wealth they accumulate is women.

Unless one owns and operates a Bordello. High yield assured with plenty of "fringe benefits".

[Gottfrid]

On 9/21/2024 at 5:07 PM, simon43 said:

How about you?  Do you rely on credit to survive? Or do you use credit/loans in a sensible manner and pay them off on-time?

Never had a credit or a loan after my 20th birthday