Asheville Citizen-Times

Asheville Citizen-Times

There are 6 comments on the Asheville Citizen-Times story from Jul 3, 2008, titled Asheville Citizen-Times. In it, Asheville Citizen-Times reports that:

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Momof2

Maxton, NC

#1 Jul 4, 2008
This is right on the money, no pun intended. My oldest just graduated and will go to college next month. He says for all the talk about getting ready for "the real world," they were never taught anything about economics. They learned nothing about interest, debt, taxes, etc. What he knows he has learned from us. We do not owe any money, we own outright, but pay-as-you-go is not often possible in our world. These kinds of practical lessons would be invaluable. "John" is learning this the hard way, as is too often the case.

Since: Dec 07

Location hidden

#2 Jul 4, 2008
Momof2 wrote:
This is right on the money, no pun intended. My oldest just graduated and will go to college next month. He says for all the talk about getting ready for "the real world," they were never taught anything about economics. They learned nothing about interest, debt, taxes, etc. What he knows he has learned from us. We do not owe any money, we own outright, but pay-as-you-go is not often possible in our world. These kinds of practical lessons would be invaluable. "John" is learning this the hard way, as is too often the case.
Momof2,

There is a bright side to "John's" real life learning curve. If John is a smart lad the lessons he learns from real life experience will be understood quickly and memorized for a lifetime!

When I was about John’s age I had a job in a factory and there was a fellow (an immigrant) from France named Gino. Gino lived in a room at the YMCA and many of his co-workers made fun of him because he got paid as much as they did but wore old cloths and used old twine for shoe laces. He took a city bus to/from work while they all drove those big `tuna boat’ cars. One Friday (payday) the usual crown was giving Gino a hard time about being “tighter than the bark on a tree” and his old boots and shoe laces. I guess after about 12 years Gino had enough of the ignorant remarks and brought the `peanut gallery’ over to his toolbox and opened his checkbook and pulled out a copy of his last bank statement. The jaws of the peanut gallery dropped as they read, in two places, Gino’s bank balance was $311,000 (I remember only the $311K), and that was $311K in 1973!

Everything my dad and mom previously said to me about saving for the future and being cautious when spending money went in one ear and right out the other. But seeing Gino standing there smiling at those “poor” numbskulls knowing if they saved every penny they ever made from then on they’d never be able to catch up to him made the difference. Hopefully there will be a Gino in your son’s early life that brings it all together for him!

Happy 4th of July!

Since: Aug 07

Hickory, NC

#3 Jul 4, 2008
Momof2 wrote:
This is right on the money, no pun intended. My oldest just graduated and will go to college next month. He says for all the talk about getting ready for "the real world," they were never taught anything about economics. They learned nothing about interest, debt, taxes, etc. What he knows he has learned from us. We do not owe any money, we own outright, but pay-as-you-go is not often possible in our world. These kinds of practical lessons would be invaluable. "John" is learning this the hard way, as is too often the case.
"Never taught about economics"?? It is a state required course with an EOC exam, that must be passed to graduate.
The problem with young people today stems from the example set by congress: There is no limit on the charge card, there is no limit on frivolous spending (pork), there is no budget, there no belt tightening, and if it gets out of hand, we'll just more money from those who work to pay the interest, and blame the parent.

Since: Aug 07

Hickory, NC

#4 Jul 4, 2008
we'll just take more money...
Chastity

London, UK

#6 Mar 26, 2014
This is the first time I had ever applied for a loan. I couldn't have asked for anything more from the staff that answered any of my questions to the application process. Once this had all been completed the money was transferred quickly into my account. I will definitely be recommending 911PDAY .COM ( http://goo.gl/1ubQoG ) too my friends and family.
Steve Shanafelt

Asheville, NC

#7 Mar 27, 2014
The only thing kids need to know about economics today is that Barack Obama will take care of us if we continue to vote for him and protest for him. The new socialism will suck the old farts dry and support us kids in whatever we want to do. Viva le revolution!

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