Thursday, August 17, 2006

Retail therapy powered by math lessons.

Two thirds of our economy is powered by retail business!!!!
I have always wondered that we have all these hurried media messages around septemeber, about proper financial habits and teaching youngsters about how to plan for university life and the responsibility that goes with the independence of Higher Education life. why is there not a better more planned and organised way to make the young people who are very smart in their own rights, see these basic advantages of good finance habits early on.

Why did I have to learn my multiplication tables by rote or why was searching for that Mr. X such a chore? All my school teachers had to do was teach me financial planning, budgeting, market appreciation, spending habits, influences of such habits on the economy etc through application of those stupid math tables. I am sure I would have had a great time in school. I am saying that because I am a life sciences student for a reason. I don’t enjoy mathematics, at least not in its purest form. And that is not because I don’t enjoy puzzles and problems; but because of the impression of mathematics I have grown up with. However, I have realised I am good at budgeting, good with understanding basic economic concepts as they apply to my surroundings and influence my life in a very touchy feely manner. That’s what young kids want, something they see sense into.

If you taught a kid that increasing sales of Playstations improved Sony’s market value and that happens to be balanced out by the faulty dell batteries’ fiasco which is going to cost the company, I think in excess of $400 million. A kid of today’s generation would appreciate his/her math so much more. These are the same kids that will then grow up to be responsible about their money and we wont have to teach them student finances when they are on the brink of drinking themselves silly with all their student loans. You get away with two very important life lessons, by smart teaching applications. One, you teach them to take care of their finances from a very young and impressionable age and two, they will have a better regard and relationship with their multiplication tables, unlike me.

So think about going an extra step from just opening a savings account for your kid…. I mean that was fun, but I needed more help than that. Me and my siblings pooled in our savings to buy our first 14” black and white TV!!!!

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