finding a way.

I got a bit frustrated reading this article about businesses that make money off the working poor, often by predatory practices. It got me to thinking again about how class status is passed down through families, not just through opportunities or direct transfer of wealth, but in attitudes and awareness about finance and money. If my parents had given me nothing more than an understanding of how loans and credit work, I'd still be miles ahead of a lot of other people. Using the first example in the story, I would know that:

  1. Risky loans carry higher interest rates.
  2. If I made $15,000 a year, I'd be a risky loan.
  3. Higher interest rates can quickly have you paying multiples of the loan amount.
  4. I should research things before I buy them, so I'd know that $8000 is about $2000 too much for a 1999 Saturn with 106,000 miles. (In 2003, my 2001 with 30,000 miles was worth about $9,000).
  5. Corporations will probably try to screw you over, so read the fine print. (I tend to be more harshly cynical than my parents, but the idea is the same.)
So then I got to thinking, "Jeez, if these folks remember basic math, the really important financial stuff could be covered in one or two classes." And then I thought, "It wouldn't exactly take an economist to teach that." And then I thought, "I could teach that."


Also, I think I've developed a Job Plan for the coming year. I am pleased with my Job Plan because it involves smoothly managing transitions and changes, and receiving money.