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SVTPerformance's Chain of Restaurants
Road Side Pub
Bullitt Mustang - $50k - How the Duck do people afford crap?
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<blockquote data-quote="nickf2005" data-source="post: 15944532" data-attributes="member: 136350"><p>What colleges, and even High Schools, need to be doing is giving kids some education on real-world things to help them understand how things really work. Just like the confusion of some on here how 401K's work. Teach classes on retirement, Roths, etc. In addition, how freaking car loans and mortgages work! We have an intern that asked me why I made the comment one day of trying to pay my house off faster. I told him to save on the interest over time. His reply, "What do you mean? Like, if I buy a car for $10,000 and interest is 4%, I just owe $10,400 total." Um, wrong buddy, that's how tax works, not interest. He was floored when I showed him how it really works.</p></blockquote><p></p>
[QUOTE="nickf2005, post: 15944532, member: 136350"] What colleges, and even High Schools, need to be doing is giving kids some education on real-world things to help them understand how things really work. Just like the confusion of some on here how 401K's work. Teach classes on retirement, Roths, etc. In addition, how freaking car loans and mortgages work! We have an intern that asked me why I made the comment one day of trying to pay my house off faster. I told him to save on the interest over time. His reply, "What do you mean? Like, if I buy a car for $10,000 and interest is 4%, I just owe $10,400 total." Um, wrong buddy, that's how tax works, not interest. He was floored when I showed him how it really works. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Bullitt Mustang - $50k - How the Duck do people afford crap?
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