Thing of it is that most people with nothing made poor life decisions. Now that can be because of the way they were raised, becoming a slave to any number of things including drugs, booze and gambling or other factors including job loss. Lot of kids graduating college got sold bill of goods and didn't research career fields before deciding what to study. Or some kid who doesn't have the ability taking a trade course that will always see them as a worker and never the boss.
As far as money management is concerned: They really don't prepare kids for life after high school. Sure math and English are important. But they should be teaching kids how to balance a checking account, money management and budgeting. They should also receive classes dealing with loans and interest rates. Reading simple contracts should be in there too.
But you can't teach common sense. That has to be learned and with some takes years to develop. Look at the people after Katrina. Some of the poorer folks were handed pre paid debit cards for 600 bucks to allow them to buy clothing and other necessities. And them the people being interviewed who got 300 dollar "make overs" with that money then were crying because they needed money for food and clothing. Not saying those people were stupid but they did stupid "feel good" things.
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Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
... [Read Article]
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