Comment: Despite been redundant, I will continue to make the point that it is imperative that financial literacy be implemented in the schools. Starting at the primary schools, students should be exposed to the inner workings of how money grows, and I am not talking about growing on a tree as I taught when I was growing up. There are educational games that teach children the importance of saving, and investing. The wheel does not have to be reinvented, there is already a curriculum available that can be purchased and implemented. When children make better decisions with small amounts of money, they will most likely do the same with large amounts of money. Debt to earnings ratio is important. If someone is spending more than what he or she is making, then he or she is operating at a deficit. The road to financial security is not a short one, instead it is long, and it fluctuates. Get rich mentality is one of the reasons crime is rising in the Federation. If persons are properly guided, retiring at 55 would be less traumatic. |