1 Reply Latest reply on May 16, 2014 9:58 AM by MyR Community Manager

    zen and the art of money-cycle maintenance

    BoBraxton

      Robert Pirsig as a high school student stunned (some of) his teachers by propounding the view that science (the method) increases ignorance, not knowledge. His reasoning was that each hypothesis which proves out actually expands the amount of things we do not know. I agree.

       

      few people have received any formal education in basic personal finance.

      So, you may believe your knowledge is lacking

      when, in fact, others’ ignorance may well exceed your level of knowledge.


      My formal education in personal finance began with picking up glass soft drink bottles, assembling into a nickel (price) crate

      and turning them in for 2 cents a bottle, Coke two for a nickel.

      My formal personal finance education continued with church (tithing) and Scout merit badge,

      especially Citizenship in the Home.

      Getting a job at age 15 / 16, opening a 4% savings account and opening a personal checking account added to my education.

      Also, buying one new carpentry tool each two weeks (pay period) introduced me to capitalism in the sense that

      the worker (carpenter for me at that time) owns his / her own tools - the means of production.

      All these contributed to my "formal" education - which my father might have called "the School of Hard Knocks."