My Actifit Report Card: dicembre 2 2021
"The fact is that talking about money is a sin is getting out of hand ...
Could this have been it?
"Truly I tell you, it is difficult for a rich man to enter the kingdom of heaven" (Mt 19:23).
Oh, I'm talking to you.
Can anyone give me some clarification on this?
Financial education should be a priority, otherwise you risk serious liver damage.
But apparently within Italian universities there is someone who does not think so.
But not at all.
Still, it's a mess out there.
Seriously.
Debts, inflation, interest rates, budgets, investments, mortgages, loans, expenses.
In short, you have to understand something.
Oh yeah.
When our children finish high school they know how to translate a text written in Latin into Italian.
This is what counts, at least for our political class of "today" and "yesterday".
Oh, everyone draw their own conclusions, as far as I'm concerned I've never seen anyone fight for these issues.
Neither on the right, nor on the left, nor in the center, nor up or down.
Will it be a religious fact (the rich are bad people)?
A cultural fact (Italians hate the rich but love money)?
Is there something hidden behind it, like "they don't say heaven"?
I don't know what the real cause is, but if we look at the data we find that this system is not effective.
But really not at all.
Read here ...
"70% of Italians are in debt due to mortgages, household appliances and holidays"
He goes into debt to buy a washing machine, TV, iron and to write "hello poorhhh" on Instagram during the only week of vacation (paid in installments) in Puglia.
Personal finance is not being able to pay your bills and hoping to be able to do it again next month with what you have saved after shopping at the discount store and buying the big car.
"But what do I care, you only live once, in the meantime I got biemmevù"
Here, you might as well avoid stuff like this.
Nothing wrong with owning a BMW.
And God forbid.
Except that:
- They can't afford it
- They run into debt
Wait, because it's not just that.
What if the biemmevvù suddenly stops working while you return happy, Sunday evening, from the trip out of town?
They probably don't even have the 500 euros to pay for the tow truck.
That's right, no money for sudden or unexpected expenses.
No money to pay the dentist to your child.
No money to treat the dying dog.
(NOTE: If you are 16, and you are reading this post, know that if you wake up with severe pain in your teeth in the morning, you will probably not be cured)
How do I know?
Why I read this statistic:
Three out of five Italians cannot cope with unexpected expenses that exceed 1000 euros.
Is it clearer now?
Yes, it is serious.
Very serious.
Oh, that's personal finance too.
Go and explain it to him.
Meanwhile, someone, after having probably examined a series of data, seems to have concluded that students who know how to decompose a polynomial and who can translate a text from Greek to Italian (or from Latin, you do) seem to be ready to enter the world of "great ".
Why so much ...
"Teaching money management .... it just doesn't make sense"
No.
(Yes, I'm sarcastic)
Without going too far with talk about financial freedom, money, economic independence or quality of life, what does a 20 year old boy do with knowing, I don't say so much, at least the basics of personal finance?
Nothing.
In any case, badly it goes, he will make his purchases in installments.
In the worst case he will have to work up to 85 years.
In the worst case he will tighten his belt and will be forced to live on 750 euros a month.
In the worst case he will not be able to help his children and if he has health problems he will not be able to cure himself at best.
What do you want it to be?
Ah, why just 750 euros?
According to INPS, 63% of checks are stopped at 750 euros per month.
More than one in two people.
So why on earth should we bother teaching our kids about money?
Precisely.
It is nobody's job.
As it comes, it comes.
You only live once.
And then talking about money becomes a sin.
Alfio. "
This report was published via Actifit app (Android | iOS). Check out the original version here on actifit.io
