Comments on: Become Financially Literate http://www.clintrogersonline.com/blog/2009/07/18/become-financially-literate/ Blog of P. Clint Rogers, PhD: Culture, Training, and Technology Specialist Tue, 07 Feb 2012 17:19:53 +0000 http://wordpress.org/?v=2.1.3 By: Jamie Tucker http://www.clintrogersonline.com/blog/2009/07/18/become-financially-literate/#comment-3625 Jamie Tucker Sun, 19 Jul 2009 19:35:32 +0000 http://www.clintrogersonline.com/blog/2009/07/18/become-financially-literate/#comment-3625 I believe that becoming financially literate is extremely important. In the Canadian high school system, there is no class that teaches the basics of personal finance. This is mind boggling considering that money is used every day (like reading, writing, and arithmetic). Without financial education, it is easy to buy into depreciating assets. Taking advantage of the leverage that money offers can put one in a very sound position in life. All too much I see people getting ruined, rather than rewarded by the powers of compound interest. I believe that becoming financially literate is extremely important.

In the Canadian high school system, there is no class that teaches the basics of personal finance. This is mind boggling considering that money is used every day (like reading, writing, and arithmetic).

Without financial education, it is easy to buy into depreciating assets. Taking advantage of the leverage that money offers can put one in a very sound position in life.

All too much I see people getting ruined, rather than rewarded by the powers of compound interest.

]]> By: hamid http://www.clintrogersonline.com/blog/2009/07/18/become-financially-literate/#comment-3627 hamid Tue, 21 Jul 2009 13:36:14 +0000 http://www.clintrogersonline.com/blog/2009/07/18/become-financially-literate/#comment-3627 Hi Clint 1- I think yes and no; because according to empowerment framework that is expanded in the “measuring Empowerment” book (Narayan. Deep (2005), Measuring Empowerment: Cross-disciplinary Perspectives) there is a "Opportunity Structure" further than "Agency of the poor". So improvement of financial literate could improve poor's capabilities, but the Social and political structures in communities and society have other roles. For example openness. If cognizant people couldn't effect, if there aren't proper institutions ... Is my thought true?? 2-My best sources for educating myself financially: read financial news and analysis about my society financial problems. And discussion or talk to others. I like improve my financial literate through this way, not directly. Hi Clint
1- I think yes and no; because according to empowerment framework that is expanded in the “measuring Empowerment” book (Narayan. Deep (2005), Measuring Empowerment: Cross-disciplinary Perspectives) there is a “Opportunity Structure” further than “Agency of the poor”. So improvement of financial literate could improve poor’s capabilities, but the Social and political structures in communities and society have other roles. For example openness. If cognizant people couldn’t effect, if there aren’t proper institutions …
Is my thought true??
2-My best sources for educating myself financially: read financial news and analysis about my society financial problems. And discussion or talk to others. I like improve my financial literate through this way, not directly.

]]> By: Clint http://www.clintrogersonline.com/blog/2009/07/18/become-financially-literate/#comment-3689 Clint Mon, 03 Aug 2009 23:30:54 +0000 http://www.clintrogersonline.com/blog/2009/07/18/become-financially-literate/#comment-3689 Hi Hamid, Yes - I agree that the systems in place do have a big role in how empowering the education can be. This is not just for financial education, but any kind. Still, I suppose once people are more educated, they can help alter and improve the existing systems. (Especially as the existing systems prove ineffective for the emerging globally connected and educated society.) Hi Hamid,

Yes - I agree that the systems in place do have a big role in how empowering the education can be.

This is not just for financial education, but any kind.

Still, I suppose once people are more educated, they can help alter and improve the existing systems. (Especially as the existing systems prove ineffective for the emerging globally connected and educated society.)

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