Funds Insider - Opening the door to funds

Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error
Financial Education in Schools
+ Reply to discussion
Options
Captain Slugwash
Posted: 07 November 2019 08:52:09(UTC)
#71

Joined: 19/07/2017(UTC)
Posts: 466

Thanks: 3438 times
Was thanked: 1008 time(s) in 361 post(s)
Alan Selwood;95412 wrote:
Not easy.

I always think that you need to LOVE your work to be any good at it.
Equally, there is no point trying to do a job that doesn't exist.

I always feel for artists, writers, actors, etc because they do it for love but often don't get rewarded the way they deserve.

I have a young relative who is brilliant at ceramics, but knows that there's no point doing it as a career, because the revenue would not be enough.


Agree. The wife and daughter are artistic, me not at all.
However, you have to be practical. We recently discussed a list of degrees available at a local university. I labelled them as either 'career' or 'hobby'.
I hope my daughter gets the message.
Back to top Quote
2 users thanked Captain Slugwash for this post.
Tim D on 07/11/2019(UTC), c brown on 09/11/2019(UTC)
Tim D
Posted: 07 November 2019 09:45:36(UTC)
#72

Joined: 07/06/2017(UTC)
Posts: 8,883

Thanks: 33209 times
Was thanked: 24362 time(s) in 7229 post(s)
There's a superb response to the modern "follow your dreams" (and get yourself umpteenK in debt to get a worthless degree) trend in this 5 min video https://youtu.be/g-niw9BOK7U (from Mike Rowe, mainly known for a TV series called "Dirty Jobs"; not sure how well known it is over here).

(Liberal thought-police observers note that at one point YouTube restricted the video for being "inappropriate"... perhaps too upsetting for the snowflakes to have their bubbles popped?)
Back to top Quote
 |  Edit by user
2 users thanked Tim D for this post.
Captain Slugwash on 07/11/2019(UTC), c brown on 09/11/2019(UTC)
Tony Peterson
Posted: 09 November 2019 17:45:10(UTC)
#73

Joined: 10/08/2009(UTC)
Posts: 2,178

Thanks: 1845 times
Was thanked: 3933 time(s) in 1297 post(s)
lvl

One does find quite a few misstatements of reality on these threads - and I am afraid I have to correct your amusing version of Euler's relation.

I was harder on the Selwood Supposition - and let you get away with a story that misstates Euler - because that disturbing truth about related transcendentals is:

e^(i*pi) PLUS one is Zero.

You may have to revisit your reminiscences.

Cheers. TP
Back to top Quote
 |  Edit by user
1 user thanked Tony Peterson for this post.
jvl on 11/11/2019(UTC)
jvl
Posted: 11 November 2019 09:48:40(UTC)
#74

Joined: 01/04/2016(UTC)
Posts: 1,125

Thanks: 1062 times
Was thanked: 1924 time(s) in 754 post(s)
Ah yes, well spotted. I think the thought of 'takeaway' came so easily with 'pie' that I didn't notice the elementary mistake. (Now I'm probably going to spend the rest of the morning thinking of a different story to correct it!)
Back to top Quote
1 user thanked jvl for this post.
Tony Peterson on 11/11/2019(UTC)
Tony Peterson
Posted: 11 November 2019 10:08:34(UTC)
#75

Joined: 10/08/2009(UTC)
Posts: 2,178

Thanks: 1845 times
Was thanked: 3933 time(s) in 1297 post(s)
jvl

So it was original - congratulations. I thought it sounded remarkably like one of Frank Muir and Dennis Nordern's gems.

Like not keeping all your Basques in one exit.
Back to top Quote
 |  Edit by user
1 user thanked Tony Peterson for this post.
jvl on 12/11/2019(UTC)
raybd
Posted: 16 November 2019 11:10:32(UTC)
#76

Joined: 28/09/2017(UTC)
Posts: 269
jvl /phonics back at 01/11/2019:

The sensible idea of parental eductaion. Back in the 1970s the teaching of reading was a mess. I had no difficulty learning to read with Phonics, so I taught my daughter to read before she started school. It worked well. (PS. I don't know what type of phonics it was - Peter and Jane. But then I can't differentiate between the different types of Cubism).

Back to teaching finance. Interest rates are currently low. So a good time to borrow and spend? All the political paries seem to think so. How many families will follow? Apart from the early adopters who have done it already at swingeing credit card and worse interest rates.

Set an example!
Back to top Quote
 |  Edit by user
Andrew Grant
Posted: 15 February 2021 09:42:28(UTC)
#77

Joined: 29/07/2016(UTC)
Posts: 27
Schools shouldn't teach this, as then we'll have loads of pansys blaming schools when they get in debt. Schools should teach to learn, sometimes educational portal like https://www.topwritersre...reviews/superiorpapers/ can be beneficial. Besides, this is a matter for the family and they should deal with their children how they see fit, one size does not fit all.
Back to top Quote
 |  Edit by user
DIY Investing
Posted: 15 February 2021 09:55:36(UTC)
#78

Joined: 29/09/2018(UTC)
Posts: 3,828

Thanks: 2322 times
Was thanked: 10687 time(s) in 3136 post(s)
Andrew Grant;152724 wrote:
Schools shouldn't teach this, as then we'll have loads of pansys blaming schools when they get in debt. Besides, this is a matter for the family and they should deal with their children how they see fit, one size does not fit all.


The pansys already do blame schools for not teaching it.

It should be taught in the home, but with levels of financial literacy very low generally, it would then be down to luck - those that have financially literate parents excel financially, whilst the majority get left behind.

When I was at school in the late 90s and early 2000s, we were taught about nutrition and how to cook a proper meal. Sadly I don’t think this is as common now. I see it at as a similar principle with personal finance. As a proper understanding of nutrition should reduce the burden on the public funded health service, so too should a proper understanding of personal finance reduce dependence on the welfare state. Better to offer a hand up early on, than a more expensive hand out later in life IMO.

Back to top Quote
1 user thanked DIY Investing for this post.
jeffian on 06/04/2021(UTC)
MBA MBA
Posted: 15 February 2021 13:11:15(UTC)
#79

Joined: 16/12/2012(UTC)
Posts: 1,725
It always amazes me how we live in a country where too many schools barely mange to educate some children in the basics but we still insist that they be taught Shakespeare, Latin, physics, music and increasingly, how to cook, and now how to manage money. We could just call schools 'home' and call teachers 'parents'.

Anyway given our schools do so well teaching the poor reading and writing Im sure teaching them about ISAs and SIPPs will be a doddle.
Back to top Quote
Bulldog Drummond
Posted: 15 February 2021 14:09:31(UTC)
#80

Joined: 03/10/2017(UTC)
Posts: 6,253
Many years ago, back in 1979, I did Economics A level and can recall very little, if any, attention given to investing as such. It could be that there was some and that I have simply forgotten it.

What you learn in school is a bit of a hodgepodge and 40 years on I have forgotten most of it. I have kept up with stats and probability but wouldn't know where to begin with calculus. I remember a surprising amount of Latin but less French or German. Ox-bow lakes and terminal moraines. History, yes, but not so many of the dates. Eng. Lit. probably the most memorable, especially as I had to read some shocking bad stuff. Of the sciences, almost nothing remains. I was not in a position to invest until my late 20s so if I had been taught it at school I doubt much would have remained.
Back to top Quote
11 Pages«Previous page678910Next page»
+ Reply to discussion

Markets

Other markets