What age did you learn about Personal Finance and Government?

What age did you learn about Personal Finance and Government? Topic: What age did you learn about Personal Finance and Government?
July 16, 2019 / By Stormy
Question: (re-post) I'm interested in Law, Politics, and Government, but I'm not able to understand some of it because I have a very weak understanding of personal finance. What age--or grade--did you start learning about it? As of now, I've been doing independent research on Law, Politics, and Government, for about two or three months, and it's very hard to learn about it when you don't have someone teaching it to you. How old were you when you started learning about these things? (I'm fourteen)
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Best Answers: What age did you learn about Personal Finance and Government?

Racheal Racheal | 4 days ago
I started learning basic personal finance in third or fourth grade, just like Ariaread, but in public school. We had to "write checks" for little goodies (jolly ranchers, party favor type toys) each month, balance check books, etc. I didn't get aggressive about personal finance until college. I was reading some books about investing strategies, budgeting, etc. I would suggest: Dave Ramsey's Total Money Makeover and Rich Dad Poor Dad. They're somewhat contradictory to one another, but they're crucial for dropping your preconceived notions of money, wealth, and "getting ahead." Government has been in my life a long, long time. I would talk to my parents a little about politics from the time I was little. My parents voted for George H. W. Bush in 1992, and I asked them why. I was only six or seven at the time. Since then, I've listened to and participated in conversations about politics pretty regularly. In high school, I did Lincoln Douglass debate and learned a lot of political theory from researching for my arguments. Read the Federalist Papers, John Locke's Second Treatise on Civil Government, Jean Jacque Rousseau's Social Contract, Aristotle's Politics and Ethics, and Machiavelli's The Prince and Discourses on Livy. They're hard to read, but full of insight and wisdom that have served as pivotal ideas throughout human history. Feel free to read Sun Tzu's Art of War, while you're at it. It's better to learn these things yourself, through reading and carefully considering what you read. Take nothing at face value, but always question. Is this really true? How do I know? This process develops wisdom as well as knowledge, and both are sorely lacking in society these days. Best of luck, and don't get discouraged. Simply asking this question is a huge step in the right direction. Good luck, and God speed.
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Racheal Originally Answered: Personal finance quiz (10 points for the person who gets them right)?
This must be a joke. Some of the questions are really bad. 24, /decrease. When the interest rat decreases the bond price increases while the interest rate you earn does not change. 35. Bad. Both dividends and long-term capital gains are taxed differently from ordinary income. 36. Another bad one. All answers are true. a stocks lower limit is zero. It's value cannot be negative. this choice is probably considered the correct answer, but it's a bad question. 37. d 38. Another bad one. Both Beta and standard deviation are measures of volatility and risk. 39. d 40. a. True for many IPO's false for many others. b.. False. Can be sold in the secondary market c. True for many IPOs. that's why seasoned investors want them. The Facebook IPO did not fare well, however. d. False 41. All answers can be true depending on the individual and the current economic condition. The worst choices are a and b, but it may be the best choice if you have to wait a year to make the right decision. c and d depend on the investors level of knowledge. Mutual funds are best for many people. The stock portfolio requires an understanding of stock investing but may be better than mutual funds. 42. b, but bonds are not bad either. Not a very good question. Depends on the individual. and the wording is poor "Before you start to invest" you should invest in money market funds. that's an investment too, dummy. 43. a 44. Finally a sensible question: c. .
Racheal Originally Answered: Personal finance quiz (10 points for the person who gets them right)?
2 points Question 34 The return on bonds currently held will be more favorable if interest rates __________ over the period you hold the bonds. Answer increase decrease<<<<<<<<<<<<<<<<<<<< stabilize remain the same 2 points Question 35 All of the following gains from investments are taxed as ordinary income except Answer dividends. interest. short-term capital gains. long-term capital gains.<<<<<<<<<<<<<<<<<<<< 2 points Question 36 Stock prices are characterized by all of the following except they Answer can plummet with poor economic conditions. have a set lower limit. can be affected by negative earnings. can be increased through the company repurchasing the shares. 2 points Question 37 All of the following are true statements about dividends except Answer dividends are based upon earnings.<<<<<<<<<<<< false - divs can be paid with $0 earnings no dividends may be paid. dividends are based upon the number of shares. dividends are contractually guaranteed to common stockholders.<<<<<<

Melba Melba
Catholic School Educated and the nuns started teaching us about checking, savings and budgeting in third grade. They integrated the lessons into math. Decimals became money, fractions were budgeting and we even had to search for an apartment in the classified ads. Rent back then was 125 and average income for a HS graduate was $80. Served me well throughout life
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Leanna Leanna
Don't do what I did. Interesting things were movies, movie stars. games and whatever. Didn't take an interest in the news or financing for my future until I was 55. Had to scramble like crazy to find out what was happening in the real world. Then had to save and invest every spare cent to make it up financially. Good luck young one.
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Leanna Originally Answered: Math finance (Quant) personal statement?
The key skill that you bring is experience modeling complexity. That is 100% relevant to Quant, so make that the key theme of your statement. I assume that you are not expected to identify a thesis topic at this point. What do you enjoy about modeling complexity? Provide a few examples of analysis you have done. Are any of the statistical tools you have used applicable to Finance? Identify one or two topics in Finance that you find fascinating. If you want to discuss Black-Scholes, make sure to read a bit on binomial modeling of options. For another example, there is some nice math/stats in portfolio optimization. Northfield is one of the leading optimizer firms, and its site (www.northinfo.com) has links to many relevant papers and presentations.

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