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Financial Freedom Is Merely Organized Common Sense
Tag: financial literacy
Can Monkeys Beat The Market?
There is a thought in statistics that if you are given enough events of a certain type, then random chance will create some specific result. Traditionally, it is an infinite number of monkey’s typing on an infinite number of typewriters for an infinite time. … Continue Reading “Can Monkeys Beat The Market?”
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Traders Are Not Investors
“Animal Spirits” is a concept that Keynes raised in his 1936 book, The General Theory of Employment, Interest and Money. It refers to the tendency of markets of all types to move based on non-fundamental factors. Market sentiment is the current idea. Crowd psychology.… Continue Reading “Traders Are Not Investors”
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Money and Teenagers
What does your teenager know about money and what should they know? Success with money begins early and is a skill that grows with experience. You need to participate to learn. Like golf, you cannot learn it from a book or a DVD. Books… Continue Reading “Money and Teenagers”
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Money
Money, and especially the accumulation of money, is an important and sometimes misunderstood concept. Many people want more of it. Some don’t know where it comes from. Fewer know what it means. Some primary ideas may help. Money exists because we need it to… Continue Reading “Money”
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Can Tactics Be General?
Sometimes tactics get in the way. Even good tactics. Sometimes they are too narrowly defined to be implemented successfully. Too narrow tactics are hard to teach and they are hard for a client to connect to or control. Sometimes you need a more general… Continue Reading “Can Tactics Be General?”
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A Lesson About Financial Planning From Hockey and Poker
Fundamental information comes in many forms. The deep messages are the same no matter the field of study. For example, there are some who do not see the connections among life planning, poker and professional hockey. Let me offer you some guidance. What is… Continue Reading “A Lesson About Financial Planning From Hockey and Poker”
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Regulation and Reality
Regulation is an interesting concept. Presumably regulation protects people who have the inability to protect themselves. Not such a crazy idea. There are many situations and products that I would like to trust that the people who provide them cared enough to do their… Continue Reading “Regulation and Reality”
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Financial Literacy Is Like A Connect The Dots Picture
I came upon this article today and can only agree with it. You might find it interesting too. The Financial Literacy Paradox by Lee Anne Davies. The essence is that teaching children and youth about financial matters has little effect on their ability to… Continue Reading “Financial Literacy Is Like A Connect The Dots Picture”
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When Does Financial Literacy Begin?
Financial literacy is a multifaceted skill and a parent should begin to build it in their children as soon as they are able to understand the concept of barter. After all that is what money is about. You trade your skills, time and effort… Continue Reading “When Does Financial Literacy Begin?”
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Financial Literacy Means What?
I decided yesterday that “financial literacy” was a term of art that I did not fully understand, so I set out to find out what others think it means. The array is quite instructive. The lack of literacy is not for want of passing… Continue Reading “Financial Literacy Means What?”
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