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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (177872)1/19/2009 11:05:34 AM
From: James HuttonRead Replies (2) of 306849
 
"Why are so many intelligent, college-educated people such total idiots when it comes to money? Maybe personal finance should be part of the core curriculum of all U.S. college programs from now on......<NG>"

Yeah, a course in high school that included balancing a check book, creating a budget, the amount of interest earned on your money versus the amount of interest paid on a credit card, etc. would be a good idea. But it wouldn't matter. Smart people know they do stupid things like overusing their credit card, but as long as they have a job, can make some payment on their credit card and can buy all of the useless toys they want, they're happy. Scrimping and saving - as many will now have to do - just isn't very much fun or fulfilling.
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