I am a financial expert

Chapter 4 Prove I Can!The right to control money belongs to me (2)
The matter of borrowing money and repaying money has started since the time of our ancestors and continues to the present, but after such a long period of evolution, there have been some subtle changes in the middle.In the past, especially in the feudal society, landlords were basically rich and creditors, and those who borrowed money were basically poor peasants from the lower class, and almost all borrowed usury loans, so naturally they were unable to repay.At this time, the creditor is simply the king of heaven, and the debtor is almost the grandson. The end is so miserable. Some people sell their sons and daughters.At that time, people were relatively honest, especially honesty. He didn't dare not pay it back. He knew that he couldn't pay it back, but he would still try his best to pay it back.For example, Yang Bailao was forced to sell his daughter in the end.Of course, there is nothing to do about being persecuted. Who will let the landlord have power?However, there are also some more enlightened masters who are good at using this relationship to allow those who cannot pay back the money not to pay back, so that they will appear to be very benevolent.For example, Feng Nuan in the famous "Warring States Policy" "Feng Nuan Ke Meng Chang Jun", is a person who likes to play the sword and sing. He was sent by Meng Changjun to collect debts in Xuedi. Before leaving, he asked Meng Changjun what he wanted to buy thing.Meng Changjun said casually: "Just buy whatever is lacking at home." After hearing this, Feng Nuan was so happy that he went to collect the debt.When he arrived at Xuedi, he found that almost all the debtors were poor farmers, who couldn't even eat enough to eat, and had no way to repay their debts.So, he immediately announced the cancellation of the debt in the name of Mr. Mengchang, and burned the debt contracts of each household, and then went back to see Mr. Mengchang.Seeing that his hands were empty, Meng Changjun asked him what he bought for himself.Feng Nuan said: "Your old man has everything you need, beauties, horses, and treasures, but your family lacks "benevolence and righteousness". I bought you 'benevolence and righteousness' today." After hearing this, Meng Changjun was angry and angry, but the matter had already happened, and there was no way to undo it. Reluctantly let him go.Later, Mr. Mengchang was dismissed by the new king. When he was about to return to Xuedi, he saw the people of Xuedi greet him a hundred miles away, and finally understood what the "benevolence and righteousness" he bought was.

Borrowing money and repaying money also reflect people's views on interests. Although everyone has different views on interests, they are almost selfish in their actions.Xunzi is very honest and frankly admits that "at the beginning of human beings, nature is evil". He thinks that people should be selfish when they are born, which is actually not ambiguous at all.And Sima Qian even explained the essence of human activities in one sentence-"the world is full of hustle and bustle, all for profit; the world is prosperous, all for profit".On the contrary, Mencius, a disciple of Confucius, was a little unkind, a little bit nonsense, and even said that "at the beginning of human beings, nature is good."Since "at the beginning of human beings, nature is good", why did he still lobby Teng Wengong, Qi Xuan Wang, and Liang Hui Wang to do good deeds?Isn't this obviously against yourself?Duke Wen of Teng, King Xuan of Qi, and King Liang Hui were not easy-going lamps, and they planned every day how to collect more money from the common people.In short, everything from testing the relationship between friends to testing human nature can be discovered by borrowing money.From this point of view, the philosophy contained in borrowing money and repaying money is great!
How Teens Can Save Money

If teenagers earn a certain amount of money, they should save it in time!How much money can you save?Can you save all your money?uncertain.So what's the best way to save money?It is to let yourself develop good savings habits, and you can save money as part of your life in addition to daily expenses.

Here are some ways you can save money:
1. Save money before spending.Regardless of whether it is money from parents, money earned by oneself, or income from other sources, a certain percentage of money should be deposited in the bank before planning expenses.The advantage of this method is that after you deposit part of the money in the bank, you don't have to worry about how much money you have left when you spend it.

2. Negotiate with parents for incentives.This approach may not be suitable for every teen, but you should try it.In order to promote and encourage yourself to develop a good saving habit, you can negotiate with your parents and give corresponding subsidies according to the amount of money you have saved. For example, every time you deposit 50 yuan in the bank, your parents can deposit 10 yuan for you.

3. Consider the "opportunity cost" of the purchase.Opportunity cost is an economics term, but this term has benefits in many areas of a teen's life.Opportunity cost refers to the cost of choosing item B in order to get item A.For example, if you don’t want to spend 200 yuan to buy a concert ticket now, but you can use it for investment, if you invest for 10 years, and your annual return on investment is 11%, your initial 200 yuan It became 570 yuan.So your decision may become the following thinking: "Do I buy a ticket now, or do I have 10 yuan in 570 years?" If you consider buying a pair of shoes for 400 yuan now, you It should be considered that maybe he will become 20 yuan in 3256 years?

Financial management of teenagers around the world

Everyone wants to be rich, but why are there always more poor people?Why is the same classmate who graduated from university, a few years later, some people buy a car or a house, but some people's lives are still ordinary?If, let's put aside luck, family background, and personal ability.We only talk about people's attitudes and concepts towards money, so what impact will it have on teenagers if they manage money?

In some developed countries and regions, parents attach great importance to financial education for teenagers, and this kind of education even penetrates into all aspects of the relationship between teenagers and money.For example:
France: Parents set up accounts for their children

The French are a romantic and consumption-loving country. French children will not only be influenced by parents who are keen on high consumption, but also the overwhelming advertisements in pictorials, TV and other media in the surrounding environment stimulate their consumption all the time. desire.

However, French parents began to educate their children on "family financial management courses" when they were very young, so that they could learn how to distinguish different amounts of coins and understand the "organic relationship" between purchases and money. Before you know it, you will develop a sense of financial management.French parents feel that children must have their own "private money" early on, so that children will have a certain degree of financial independence.They also encourage children to spend this seemingly inconspicuous little money, and then share their feelings with them, help them analyze whether the consumption is reasonable, and let them learn lessons and experience from it.

As children's consumption types and consumption desires increase, the pocket money that French parents give their children will gradually increase.French parents generally set up a personal independent bank account for their children when their children are about 10 years old, and transfer a sum of money, and this is not a small sum of money, even reaching thousands or even thousands of francs.The reason why they do this is to let children learn science and wisdom from an early age, instead of blindly and mechanically managing money.

UK: It's stupid not to save the money you can save
The British always give us the impression that they are very conservative. This style is reflected in financial education: encouraging careful planning and advocating rational consumption. This style is also highly respected in our society today.Therefore, the British can find the most suitable way of life in various regulations.

Naturally, the British will also pass on this concept of financial management to the next generation.Financial education has different requirements at every stage of primary and secondary schools in the UK: children aged 5 to 7 should know the different sources of money and what things money can do; children aged 7 to 11 should know how to manage themselves Children between the ages of 11 and 14 should have an understanding of what factors affect people’s savings and spending, and how to improve their personal financial management skills; children between the ages of 14 and 16 should Learn how to use some financial services and tools, including how to save and budget.In the UK, children's savings accounts are particularly popular, and most banks have opened special accounts for children under the age of 16.A third of British children deposit their wages and pocket money with savings and loan financial institutions and banks.

Japan: Diligent and thrifty, housekeeping, self-reliance

The Japanese are very particular about family education. They believe that children should be self-reliant and should not borrow money from others casually. They advocate letting children manage their own pocket money.The Japanese have a famous saying in educating children: "Except for air and sunlight, which are bestowed by nature, everything else should be obtained through labor. Many families will give their children a certain amount of pocket money every month. Parents mainly teach their children how to save and use pocket money. money, and saving money for the new year. After the child grows up, some parents will prepare an account book for the child, which is specially used to record the monthly pocket money income and expenditure. Let the child learn how to save money, spend money, make money, and communicate with others The financial education of sharing money, borrowing money and increasing the value of money has been integrated into the entire education of their teenagers, allowing them to live in an environment with a strong sense of financial management, and gradually form the ability to be good at financial management and Quality. The rapid development of the Japanese economy is closely related to this factor.

Learning Lemonade Girls

Julie Murphy, a 7-year-old American girl, wanted to "start a business" by selling her own lemonade, but was fined by the US government.This little incident has aroused widespread discussion among Americans, and some Americans even raised it to the height of "American national mental decline".

American primary and secondary education has always attached great importance to entrepreneurship education, encouraging children to experience entrepreneurship and developing practical financial management courses.For example, the United States has implemented the "Financial Literacy Program" since 1998, popularizing "advanced education" in marketing, wealth management, investment, and finance to middle school students.American parents also encourage their children to experience the joys and hardships of starting a business from an early age.

In fact, the entrepreneurship education advocated by the United States is essentially to let young people learn how to manage money, and learning how to manage money is the greatest success of education. This kind of education is actually self-education.The world-renowned educator Suhomlinski said: "A teenager, only when he has learned not only to look at the world around him seriously, but also to study himself seriously and try to explore his inner world; only when he can use spiritual power Only when he makes himself more complete and better can he become a truly successful person", "Only education that can stimulate children's self-education is successful education".

Teenagers should cultivate and encourage themselves to carry out self-education, but the prevailing school education "cramming style" and family education "instructive style", coupled with "imperial examination" examination selection, etc., these are not good for young people's self-education.Especially the lack of respect for the self-education wishes and behaviors of young people, so that our self-education will be weakened or even stifled since childhood, and we will not be able to adapt well to society when we grow up.

Not only in the United States, many countries attach great importance to cultivating young people's entrepreneurial spirit and encouraging them to experience.There used to be such a story on the Internet called "I am a mother in Israel".The author has always adhered to the principle that no matter how hard it is, the child should not suffer. After arriving in Israel, she sent her child to school and sold spring rolls by herself.This approach was condemned many times by the neighbors around her. The neighbors told her that in Jewish families, when the children are older, they will not have free care and food. Every child should learn to make money from an early age.The author's children quickly learned to "start a business", such as organizing ticket-selling Chinese culture lectures, wholesale spring rolls to school cafeterias, etc., and actually made a lot of money.Only then did the author realize that his child was so outstanding.

Teenagers can't just rely on teachers and parents to ask us, we should learn to do it ourselves, which is actually self-education.Our ability of self-education cannot be taught in the classroom, let alone trained at home, but acquired through our own experience and experience in the process of participating in practical activities such as selling "lemonade", and in communicating and cooperating with others.Of course, it is inseparable from the guidance of parents and teachers.Nowadays, the "lemonade girl" around us is almost hard to see, even some teenagers who are willing to help the family with housework are rare, we teenagers should be a "lemonade girl".

Teenagers should know a little about economics
Asking young people to study economics may sound new in China, but it is not new at all in developed countries.American children start learning economics even in kindergarten, and run through the entire educational process of primary and secondary education.Now almost all developed countries and regions such as developed countries in Europe, Russia, Canada, South Korea, Japan and my country's Taiwan region have included economics in the content of primary and secondary education.

The United States was the first country in the world to incorporate economics into preschool, elementary, and secondary education.As early as the 60s, some primary and secondary school teachers and schools in the United States offered elective courses in economics. However, at that time, due to the lack of strong support from society and the government, economics education for children, although leading the world, was still The achievements obtained are not very ideal.Since the 60s, the U.S. government has organized and planned to promote economics education for teenagers and children. (NFT) has successively issued a series of programmatic documents to guide the economics education in all states across the country from kindergarten to grade 12 (equivalent to the third year of senior high school in my country).Not long after, the states established State Councils for Economics Education (SCEE), and almost all universities offering economics majors in the country established Centers for Economics Education (CEE).Moreover, the economics education for children and adolescents has also received the full support of the National Council for Social Science Research (NCSS) in the United States. In 1989, NCSS pointed out that every child should have useful economic knowledge and develop their critical thinking ability.

Economics is known as the jewel in the crown of social sciences, and it is also the only social science that currently has a Nobel Prize.It is mainly derived from human life, so it is very practical.Our country has already entered the era of market economy, and economic life has gradually become more complicated. Everyone should master the necessary economic knowledge to deal with and understand the complex social and economic issues around them.At present, the world is experiencing a huge financial crisis. Many people feel at a loss for this "sudden" storm, and even suffer huge losses.This further demonstrates the urgency and importance of learning economic knowledge.

For teenagers, economic life is actually an important part of our daily life. Economics is like we need to understand rain and lightning.We have to consume every day, and we are faced with many new choices every day in our lives, and we have to deal with the relationship with teachers, friends, classmates and society.We often hear discussions about some economic issues from adults, and we can also get a lot of economic information from magazines, newspapers, and television.But because we lack the necessary economic knowledge, these things are difficult to understand.Therefore, we should learn economics from an early age, so that our eyes will be brighter and we can see this complicated world more clearly; if we study economics from an early age, we will have more wisdom and make more correct choices; , you can understand that if you want to create wealth, you should first save and work hard, which can also improve your ability to survive; learning economics from an early age can increase your risk awareness and improve your ability to deal with economic crises when you grow up.

(End of this chapter)