financial reality

Separating fact from fiction in finance and economics


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  • InLibrisLibertas
    Location : Mill Valley, California, United States

    I'm an independent investor. I make my living from the returns on my investments. I work at home, in the northern part of the San Francisco Bay area, or on my boat which I keep in the British Virgin Islands. I spent most of my career as an executive in high-tech, although I also spent time in banking. Down to one kid in university now!

Financial Literacy

November 15th, 2006 by reality

Nobody knows enough about money. One suggestion is to spend 30 minutes every day reading and learning about money, how to manage yours and what other people - government, financial industry, corporations, neighbors, are doing that impact your money.

  • The Money Smart Initiative
    The Federal Deposit Insurance Corporation (FDIC) and the Department of Labor are implementing a joint initiative, called Money Smart, which offers basic financial education for the first time to people taking part in Welfare-to-Work and Workforce Investment Act programs nationwide.
    Covers a broad range of topics that are important to everyone.
  • Communication Arts: Columns
    If the banks and credit card companies really wanted to educate consumers about finances, they would change their advertising. Instead of portraying people happily spending with credit cards, the advertisements would have to show people worrying about how to pay their bills, working overtime or going through the misery of bankruptcy. The front of every credit card would include in large, red letters a friendly reminder along the lines of “Borrowing can be hazardous to your financial health.”
    Good broad overview article on why we need to be financially literate and evidence that most of us aren’t.
  • National Endowment for Financial Education
    Provides information and resources. The News highlights current issues and topics of general financial interest to individuals. NEFE also provides an online course for educators working with high school students.

Posted in Truth and Trivia |

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