Saving for Education
November 1, 2009
There was a good article in last week’s edition of the Globe, which talked about the rising costs of education. The article mentioned that the cost of a university degree in 2027 will top $100,000.
In 18 years, when a baby born today goes to university to start an undergraduate degree, the total cost of a [...]
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Parents relying on kids to pay their way
There is a new study that was just released that looks at the effect of parents relying on their children for financial support.
They suggest parents who count on money from their children could actually harm their adult kids’ financial well-being, perpetuating a cycle of poverty.
“One of the best ways to get yourself out of poverty [...]
Mom You Don’t Know Finance!
In a recent post I mentioned that I had given a talk on what parents can do to help young people become financially savvy. The next question I wanted to discuss from that night was “what if your parents don’t have the knowledge to teach you finance?” – which is a great question.
While parents usually [...]
Financial Education in the School System
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There was a great article in the newspaper discussing how the Canadian education system has failed to teach people about the basics of financial management. The article goes on to identify five main areas that we need to focus on:
The relationship between risk and return
Know how compound interest works
Learn the basics of debt [...]
Chapter 2 is Now Live!
Chapter 2 of Following The Goods is all about helping you understand where your money comes from, and being able to use that knowledge to help you with meeting your financial goals. I`m happy to announce that Chapter 2 is now available online for you to read for free. Also, if you haven`t read chapter [...]
What Can Isla Fisher, Joan Cusack, John Goodman, and Krysten Ritter Teach You About Financial Management?
On Sunday night I went and saw Confessions of a Shopaholic, a movie where Rebecca Bloomwood (played by Isla Fisher) takes us through her journey of being a binge-shopper to becoming a financial management guru. While it’s probably not hard to see how this movie has a strong message about financial management from the trailer below, there [...]
When Did You Start Your Financial Education?
Personal financial management is a topic that sounds scary, but it really isn’t – it’s about understanding where your money goes, and learning how to plan where it should go. The earlier you start your education, the better position you will be to reach your financial goals, thanks primarily to compound interest and financial [...]
Virginia Public Schools Must Offer Personal Financial Management by 2010
I just saw this news article and I couldn`t be happier. The state of Virginia in the USA is mandating that all public schools must offer personal financial management courses by 2010. Students will learn how to read leases, credit card statements, create budgets, and manage their money. The state is also [...]
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Adam Goodman is the author of Following The Goods Financial Management for the Young and Ambitious. Throughout his life, Adam never took ownership of his financial knowledge and no one ever sat down with him to explain what it meant to plan for his financial future. Luckily, while at business school, Adam finally learned how to be smart about financial management and he is here to share what he has learned along his journey with you.
Adam's past experience includes owning and operating his own consulting firm, as well as working as a Consultant with Deloitte & Touche. Adam is currently in a sales and marketing role in the telecom industry.
