| What greatly disturbed me was how little these... 453 |
[Feb. 4th, 2010|03:10 am] |
What greatly disturbed me was how little these people knew about either accounting or investing, subjects so important in their livesI wondered how they managed their own financial affairs in real lifeI could understand why my 19-year-old daughter would not understand, but these were grown adults, at least twice her age
After I was out of the "Rat Race," for the next two hours I watched my daughter and these educated, affluent adults roll the dice and move their markersAlthough I was glad they were all learning so much, I was disturbed by how much the adults did not know about the basics of simple accounting and investingThey had difficulty grasping the relationship between their Income Statement and their Balance SheetAs they bought and sold assets, they had trouble remembering that each transaction could impact their monthly cash flowI thought, how many millions of people are out there in the real world struggling financially, only because they have never |
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