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  • Page 17 of 17 FirstFirst ... 7151617
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    Thread: Bitcoin

    1. Back To Top    #321
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      Quote Originally Posted by guywhofishes View Post
      lol - yeah I know

      I still should have taken a few.
      ALL young adults should have to take finance classes. We are failing our kids. Most just know and do what their parents did.....this ranges from "have kids and collect welfare" to "pile the bills on the counter" to "juggle credit cards" to "responsible finance" to "entitled weath". And a bunch of options in between.

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      "Everyone has a plan until they get punched in the mouth" - MT

    2. Back To Top    #322
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      I was into the science/engineering side pretty heavy. Finance was a foreign concept. I figured only future accountants and business majors took those type of classes.

      I can say that Bismarck High School, Dickinson State, and NDSU all did an absolute horseshit job of counseling me as a student. As in pretty much zero. And if your family members were all average working class people, that means you received nearly no competent advice on your 8 yr journey to an advanced degree.

      Unnecessarily flawed approach to higher ed if you ask me.

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      Last edited by guywhofishes; 06-23-2022 at 06:32 AM.
      If people concentrated on the really important things in life, there'd be a shortage of fishing poles.
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    3. Back To Top    #323
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      Finance is easy. All it really boils down to is self control and discipline.

      It really is that easy.

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    4. Back To Top    #324
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      Quote Originally Posted by Jiffy View Post
      Finance is easy. All it really boils down to is self control and discipline.

      It really is that easy.
      Day to day finances are that easy, yeah. But stuff like retirement planning, personal investing, building wealth and diversifying, etc. Should all be taught at least a little bit in high school. It is not even touched, even in accounting classes. You'd be surprised how many kids get their first real job and have no clue what a 401k is.

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    5. Back To Top    #325
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      That's why you have someone do it for you. Still easy. Costs some money but at least they know what they're doing.

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    6. Back To Top    #326
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      The only thing that will kill bitcoin, or severely hinder it is govt intervention. Some places are already using it as a primary currency (mostly 3rd world countries without a stable national govt/monetary system). Just because its all been mined wont kill it, if anything it will enhance its value as dilution of the supply wont be an issue anymore...

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    7. Back To Top    #327
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      Quote Originally Posted by CatDaddy View Post
      ALL young adults should have to take finance classes. We are failing our kids. Most just know and do what their parents did.....this ranges from "have kids and collect welfare" to "pile the bills on the counter" to "juggle credit cards" to "responsible finance" to "entitled weath". And a bunch of options in between.
      1st and foremost kids need a basic understanding of MATH!! There are HS kids who don't understand the concept of percent. They grow into adults, and a lot of them out there that can't figure 10% of a number.

      So YES I agree, finance and should be taught in school. Problem is, it's covered in upper elementary or Middle School. When kids get in HS, they're taking more advanced algebra, that most never use. I've long advocated for Schools to require a Semester of Business MATH where all the financial aspects are covered.

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    8. Back To Top    #328
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      Quote Originally Posted by Lycanthrope View Post
      The only thing that will kill bitcoin, or severely hinder it is govt intervention. Some places are already using it as a primary currency (mostly 3rd world countries without a stable national govt/monetary system). Just because its all been mined wont kill it, if anything it will enhance its value as dilution of the supply wont be an issue anymore...
      The government is in the process of doing just that. No way will these politicians allow anybody else to control the currency

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    9. Back To Top    #329
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      "Everyone has a plan until they get punched in the mouth" - MT

    10. Back To Top    #330
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    11. Back To Top    #331
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      What protections do crypto exchanges/holding institutions have for the average Joe when it comes to the modern day bankrobbers?

      I'm talking something equivalent to the FDIC which would reimburse someone like me if my local bank were to be robbed and then go bankrupt because they couldn't pay out the money others have stored in their facility.

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      "Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself." Mark Twain, speaking on Congress.

    12. Back To Top    #332
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      Answer: not a fucking thing! Just a guess.

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    13. Back To Top    #333
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      It's probably the government stealing it so they can sell us on their plan to offer regulation and FDIC insurance on crypto, probably

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      I'm here to chew bubble gum and kick ass.... and I'm all out of bubble gum. RIP Rowdy

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