8 big reasons why you’re getting an 'F' in Personal Finance 101

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  • Diligent Dave Logan, UT
    May 4, 2014 11:00 a.m.

    Could be, too, your finances aren't right because the whole country, and most of the world, have not allowed enough babies to be born, for decades. How does this impact my or your or anyone's finances? Because, as Adam Smith (Wealth of Nations, 1776) wrote, (to paraphrase), economies where the population is growing, especially by natural increase (births) are more likely to generate wealth. Why? Because the demand caused by so many more people with their needs makes markets possible. There are other ingredients needed, to be sure, but growing demand made possible by a growing population is a necessity for an economy to thrive. You can have plenty of monetary capital. But, in an economy, human capital is far more important than monetary capital.

    Nothing makes an economy work well as many traditional families, with father and mother and young children increasing year by year. When people fail to have children, which they have long done in many parts of the world (US, Canada, Europe, Japan, South Korea, China, Singapore, Russia, etc, we are all in trouble financially. Read 'Demographics and Depression' by David Goldman online.

  • worf Mcallen, TX
    May 1, 2014 4:04 p.m.


    The upkeep of his jet plane has cost us over eighty million dollars.

  • JoeCapitalist2 Orem, UT
    May 1, 2014 1:36 p.m.

    It looks like the federal government is getting a big fat F. I think it breaks every one of these rules. Especially the "Can't say no" and the one on expensive tastes. (How much are Obama's vacations on the taxpayer dime again??) Tip of the iceberg, I know, but what kind of leadership message does that send to the rest of all the government employees.

  • Hutterite American Fork, UT
    May 1, 2014 12:53 p.m.

    I lost my homework in a tragic bus crash. My dog ate it. I had to help on the farm. I was distracted in class. I'll do better next term. Oh, wait. Those were my excuses in physics. It took a lot of work to pull that failing grade to a C