patrick.net

mell says

I majored in Latin and English in high school

Your High School had academic majors?

HeadSet says

mell says

I majored in Latin and English in high school

Your High School had academic majors?

Was gonna ask the same thing. They probably should though. Forcing chemistry down a kids throat that will never need it seems kind of silly. I did okay with it, but retained no practical and useful knowledge that I'd use today. Our HS Chem teacher was also a crazy person.

I still think there needs to be a practical economics class before any other subject. Basically what actually happens on the ground and not from 30,000'. Things like interest, credit cards, stocks, property taxes, income taxes, 401k's etc. But it's probably designed that way though to keep about to be new consumers in the dark and fleece them.

It's not final, but I legit have a document that I'm preparing for my kids to teach them everything the school won't. Don't want my kids to be financial morons.

Patrick says

I do think it's still a mistake to have celibate priests. It is simply not natural for men to abstain from sex.

I'm guessing that they masturbate quite a lot.

WookieMan says

I still think there needs to be a practical economics class before any other subject. Basically what actually happens on the ground and not from 30,000'. Things like interest, credit cards, stocks, property taxes, income taxes, 401k's etc. But it's probably designed that way though to keep about to be new consumers in the dark and fleece them.

Democrats will never allow basic economics to be taught in high school.

Booger says

Democrats will never allow basic economics to be taught in high school.

Agree. Which is why I'm doing it. I'm not joking when I say I'm writing my own curriculum for standard finance (not economics) for the kids. Most young adults don't even understand what getting charged 24% interest on a credit card means, yet your publicly financed college allows these thieves to openly market CC's on campuses. They'd offer free food when I was a student if you opened a card.

If you don't know what you're doing with a CC you will get fucked. And that's just the tip of the iceberg in daily and normal finances that adults should know. Education system does NOTHING to teach kids about real life finances. Most teenagers need to ask mom and dad to fill out a W-2 for their first job. That's not the way it should be.

WookieMan says

I'm writing my own curriculum for standard finance

Yes, syllabus something like:

Interest and how interest is calculated. The difference between simple and compound interest. Credit cards - grace periods, minimum payments, and why paying off the credit card balance in full each month is a great idea. Difference between a Credit Card and a Debit Card.

How to use and reconcile a checking account.

Mortgages - points, origination fees, prepaid interest, other closing costs. Impact of Realtor commission. Real estate taxes. Rent versus buy calculation and considerations.

Taxes. How to fill out a 1040. How to use consumer tax software. IRAs and 401k.

Investment - CDs, laddered CDs, ETFs, Index funds, mutual funds, dollar cost averaging, loaded vs unloaded, bonds. (At this point, I would not get into puts, calls, warrants, shorts, other than to point out these are more gambling than investing).

Yup HeadSet. None of that shit was taught when I was in high school and that's when it needs to be taught. We've kind of started already to an extent with our kids. Comprehension is key. I'm of the opinion if you can't do your own taxes after your first job, you're likely fucked financially. Some will figure it out for sure later. But until you figure out what is being taken from you, it will keep being taken from you.

HeadSet says

mell says

I majored in Latin and English in high school

Your High School had academic majors?

Yes in Europe.