The number one problem in today's generation and economy is the lack of financial literacy.” ~ Alan Greenspan

I love Greenspan for this observation. He spent nearly 20 years as the Chairman of the Federal Reserve so he definitely knows about finances. He is also one of the few that forecasted our "recession".

Greenspan understands that educating the youth is where to start. This has to be done in the classroom. This is one of the reasons why the information I am sharing with you is so important. I see so many of todays kids admiring the basketball players, the music stars, and movie stars. They really seem to believe money not only grows on trees but, that it is the answer to all the problems. True, having money does seem to make life a little easier but, I prefer to think managing money makes life much more comfortable.

In researching information for this blog I was amazed at how insignificant this topic seems to the current curriculums of U.S. schools. In the turbulent economic times we are in, I believe that financial responsibility should be a core subject requirement for each and every state. So imagine the surprise I had finding that only 3 states require personal finance course in order to graduate. Seventeen other states require personal finance as a part of other subjects.

We can teach students how to cook, how to draw, how to paraphrase and summarize. We even teach them Newton’s Laws and mathematical theorems. But the art of maintaining a successful portfolio, balancing a checkbook, and financial fitness is beyond cognition in most states. It really amazes me that more parents do not advocate for this. They will rally together arguing about to pray or not to pray in school. They will fight you tooth and nail over the no pass no play rule. They even fuss and fight over cross dressing boys and girls at school. But, personal finance all is silent.  No picket signs, no board meetings, no news crews. We care more about the ecosystem and the oil spill than we do about our children being able to manage their money.

Most Important Financial Question ....

Is this a want or a need?

It All Adds Up

It All Adds Up

Take the Reality Check Quiz--What lifestyle do you want ?

West Georgia Update

West Georgia Update