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Mortgage Rate Rises

Freakbro said:
Oh off course not, it was a one off rise never to be seen again.....lolNasher.

Whatever way you try to say black is white in one thread and white is black in the other, you just talk *******
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Says the guy who talks nothing but ****

I think I might actually add you to ignore. Bye
 
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b0rn2sk8 said:
It’s not the job of schools to encourage people to invest in stocks and shares. That’s a regulated sector and is the purview of a proper qualified financial advisor.

Ironically financial markets are covered in business studies which you lambasted as a worthless topic.
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But you can be taught about rates if return. How paying into a work place pension costs you x and is worth y in z years based on a percentage rate.

Using real world numbers.

Real life case studies of people who haven't saved who struggle and people who have who can retire early.

Sure.. It may not sink in. But at least you gave the opportunity.

I didn't know about this stuff when u was younger. No one really said about it. My mum has no pension and my step dad has a final salary.

So they've never had to even think about it.


I would say there is no other more valuable lesson that can be taught that personal finance. Everyone can benefit from it.
 
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413x said:
But you can be taught about rates if return. How paying into a work place pension costs you x and is worth y in z years based on a percentage rate.

Using real world numbers.

Real life case studies of people who haven't saved who struggle and people who have who can retire early.

Sure.. It may not sink in. But at least you gave the opportunity.

I didn't know about this stuff when u was younger. No one really said about it. My mum has no pension and my step dad has a final salary.

So they've never had to even think about it.


I would say there is no other more valuable lesson that can be taught that personal finance. Everyone can benefit from it.
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My 6yo daughter already have 'knowledge' of the stock market, debt, incomes, the cost of things, etc.

We gamified a debt system for her where we charged her 50 bucks for our holiday to Europe next year. She gets $5 a week pocket money, and had to pay off her 'debt'. She didn't like that one bit. I lightly touched on that fact that I didn't even charge interest, but she doesn't quite understand that yet.

Occasionally we'd check the stock market tickers, and she understand that 'Green is good', 'Red is an opportunity (or bad - depends on the framing)'.

Any education is good education on these stuff.
 
regulus said:
My 6yo daughter already have 'knowledge' of the stock market, debt, incomes, the cost of things, etc.

We gamified a debt system for her where we charged her 50 bucks for our holiday to Europe next year. She gets $5 a week pocket money, and had to pay off her 'debt'. She didn't like that one bit. I lightly touched on that fact that I didn't even charge interest, but she doesn't quite understand that yet.

Occasionally we'd check the stock market tickers, and she understand that 'Green is good', 'Red is an opportunity (or bad - depends on the framing)'.

Any education is good education on these stuff.
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Have you told her about the AI bubble and she might want to remove some of her investments from tech stocks into safer areas? I can give her a quick primer on leveraged trading but the poor thing might never escape her debts and end up in the work house.
 
regulus said:
My 6yo daughter already have 'knowledge' of the stock market, debt, incomes, the cost of things, etc.

We gamified a debt system for her where we charged her 50 bucks for our holiday to Europe next year. She gets $5 a week pocket money, and had to pay off her 'debt'. She didn't like that one bit. I lightly touched on that fact that I didn't even charge interest, but she doesn't quite understand that yet.

Occasionally we'd check the stock market tickers, and she understand that 'Green is good', 'Red is an opportunity (or bad - depends on the framing)'.

Any education is good education on these stuff.
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Isn't that an example of slavery / indentureship if she didn't actually get a choice on whether to attend the holiday or not?
 
Locked ours for 3 years just over a week ago. Reserve Bank raised them yesterday, and hasn't ruled out another one before the end of the year. Dodged a bullet!
 
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