Unpopular Opinions

[Anonymous]

K-12 schools should teach personal finance and coping skills as mandatory subjects, in lieu of some of the current subjects.

If a person understands personal finance, and how to cope with difficult situations (instead of self-medicating with drugs and alcohol), they have a huge advantage. It may not sound as intellectual as studying Shakespeare or Physics, but it is way more useful to a person's general well-being.

[Anonymous]

No matter one's age, no one should have less than 40% of their 401k in bonds and money market. The risk of another 20-year flat period for stonks is always present, and we've indeed seen several in our lifetimes.

[Anonymous]

Anonymous wrote:K-12 schools should teach personal finance and coping skills as mandatory subjects, in lieu of some of the current subjects.

If a person understands personal finance, and how to cope with difficult situations (instead of self-medicating with drugs and alcohol), they have a huge advantage. It may not sound as intellectual as studying Shakespeare or Physics, but it is way more useful to a person's general well-being.

I agree with the personal finance and coping skill bit. I don't think any current subjects should be cut. In fact, I believe that school year and day should both be extended so that there is at least two extra years gained from K-12. More subjects and content need to be taught to students, and there should be a week or two off after every quarter.

[Anonymous]

Anonymous wrote:K-12 schools should teach personal finance and coping skills as mandatory subjects, in lieu of some of the current subjects.

If a person understands personal finance, and how to cope with difficult situations (instead of self-medicating with drugs and alcohol), they have a huge advantage. It may not sound as intellectual as studying Shakespeare or Physics, but it is way more useful to a person's general well-being.

I agree 100%. I would also add in some other practical life skills courses.

[Anonymous]

Anonymous wrote:

Anonymous wrote:K-12 schools should teach personal finance and coping skills as mandatory subjects, in lieu of some of the current subjects.

If a person understands personal finance, and how to cope with difficult situations (instead of self-medicating with drugs and alcohol), they have a huge advantage. It may not sound as intellectual as studying Shakespeare or Physics, but it is way more useful to a person's general well-being.

I agree with the personal finance and coping skill bit. I don't think any current subjects should be cut. In fact, I believe that school year and day should both be extended so that there is at least two extra years gained from K-12. More subjects and content need to be taught to students, and there should be a week or two off after every quarter.

Ugh. I believe the opposite. I think kids get enough classroom instruction time, and extending the school day will only lead to more behavior problems and decreased school progress. I would also like to see my kids at some point.

[Anonymous]

Anonymous wrote:K-12 schools should teach personal finance and coping skills as mandatory subjects, in lieu of some of the current subjects.

If a person understands personal finance, and how to cope with difficult situations (instead of self-medicating with drugs and alcohol), they have a huge advantage. It may not sound as intellectual as studying Shakespeare or Physics, but it is way more useful to a person's general well-being.

Virginia requires a personal finance class as one of its graduation requirements.

[Anonymous]

Anonymous wrote:

Anonymous wrote:K-12 schools should teach personal finance and coping skills as mandatory subjects, in lieu of some of the current subjects.

If a person understands personal finance, and how to cope with difficult situations (instead of self-medicating with drugs and alcohol), they have a huge advantage. It may not sound as intellectual as studying Shakespeare or Physics, but it is way more useful to a person's general well-being.

Virginia requires a personal finance class as one of its graduation requirements.

Kudos to Virginia. I think that it should be taught every year in school, but even if it's taught just in one semester, that is better than nothing.

[Anonymous]

Millionaires haven't been made by drinking venti Starbucks every day.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:K-12 schools should teach personal finance and coping skills as mandatory subjects, in lieu of some of the current subjects.

If a person understands personal finance, and how to cope with difficult situations (instead of self-medicating with drugs and alcohol), they have a huge advantage. It may not sound as intellectual as studying Shakespeare or Physics, but it is way more useful to a person's general well-being.

Virginia requires a personal finance class as one of its graduation requirements.

Kudos to Virginia. I think that it should be taught every year in school, but even if it's taught just in one semester, that is better than nothing.

But, when Virginia did that, it did so at the expense of the performing arts of music, band, theater and chorus instruction time. They could have made a better trade-off.

[Anonymous]

Anonymous wrote:Millionaires haven't been made by drinking venti Starbucks every day.

I once worked with a guy who grew up in a country that had a civil war and where the currency was devalued overnight and they lost most of their savings, etc. He used to talk about his mother only bought margarine, never butter, because she was so careful about saving money, about how they didn't travel or buy steak, etc. and then in the course of one day all those pennies that she saved went poof! Makes you think maybe you should just go ahead and enjoy the Starbucks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:K-12 schools should teach personal finance and coping skills as mandatory subjects, in lieu of some of the current subjects.

If a person understands personal finance, and how to cope with difficult situations (instead of self-medicating with drugs and alcohol), they have a huge advantage. It may not sound as intellectual as studying Shakespeare or Physics, but it is way more useful to a person's general well-being.

Virginia requires a personal finance class as one of its graduation requirements.

Kudos to Virginia. I think that it should be taught every year in school, but even if it's taught just in one semester, that is better than nothing.

Not much evidence that personal finance courses are very effective too much in advance of really needing the info--probably better to have it be a HS grad requirement.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Millionaires haven't been made by drinking venti Starbucks every day.

I once worked with a guy who grew up in a country that had a civil war and where the currency was devalued overnight and they lost most of their savings, etc. He used to talk about his mother only bought margarine, never butter, because she was so careful about saving money, about how they didn't travel or buy steak, etc. and then in the course of one day all those pennies that she saved went poof! Makes you think maybe you should just go ahead and enjoy the Starbucks.

Yeah I don’t see that happening in the US anytime soon.

[Anonymous]

Buying Starbucks isn't going to be the difference between being a millionaire or not. The most important factor is income. Period. It's much easier to make your money grow when you have more of it.

Too much boomer advice. Keep enjoying your subscriptions to Kiplinger's detailing the latest and greatest boring ass ETFs so that you can make 7% returns per year and finally become a millionaire by the time you're 65 and have Alzheimer's.

[Anonymous]

Anonymous wrote:Buying Starbucks isn't going to be the difference between being a millionaire or not. The most important factor is income. Period. It's much easier to make your money grow when you have more of it.

Too much boomer advice. Keep enjoying your subscriptions to Kiplinger's detailing the latest and greatest boring ass ETFs so that you can make 7% returns per year and finally become a millionaire by the time you're 65 and have Alzheimer's.

show me anyone that has beaten 7% for more than 3 years year in year out

I'll wait

[Anonymous]

Anonymous wrote:Buying Starbucks isn't going to be the difference between being a millionaire or not. The most important factor is income. Period. It's much easier to make your money grow when you have more of it.

Too much boomer advice. Keep enjoying your subscriptions to Kiplinger's detailing the latest and greatest boring ass ETFs so that you can make 7% returns per year and finally become a millionaire by the time you're 65 and have Alzheimer's.

+1000

these are the same people who think it's a good idea to pay cash for property.

All these trite Boomer sayings "OMG THE STARBUCKS AND THE AVOCADO TOAST!" In what reality do these people live?