Financial literacy and basic economics should be taught in all public schools. I swear I am one of the only Gen Z people I know who actually has investments and savings for the future, with actual hard assets.
I have my own home and car, and it's not because I have an expensive 8 year degree. It's because I worked since I graduated high school and could actually balance a budget.
Most people I know are either buried in student loan debt or are on government assistance because they have never bothered to learn how to balance a checkbook.
I don't think most people I know could even grasp the concept that this video tries to introduce. To them, a dollar is worth a dollar, and that's all they know. They don't understand that paper money has no real worth. At least buy gold, silver, stocks, savings bonds, or literally anything with some sort of value
The dollar isn't going to start being worth more anytime soon. Some people say that gold and silver aren't great investments because there have been long periods of time where they've been in a downtrend, but since 1800, the dollar has been essentially in a constant downward spiral, and is now worth 22 times less than it was then
Meanwhile, gold has gone from $18 per ounce in 1833 to $1,800, and silver has gone from around a dollar an ounce to $22 right now. My point being that even in the event of a downturn in precious metal prices, you're doing your children a huge favor by buying now and holding for a lifetime. You should strive for generational wealth for your family.
Financial literacy and basic economics should be taught in all public schools. I swear I am one of the only Gen Z people I know who actually has investments and savings for the future, with actual hard assets.
I have my own home and car, and it's not because I have an expensive 8 year degree. It's because I worked since I graduated high school and could actually balance a budget.
Most people I know are either buried in student loan debt or are on government assistance because they have never bothered to learn how to balance a checkbook.
I don't think most people I know could even grasp the concept that this video tries to introduce. To them, a dollar is worth a dollar, and that's all they know. They don't understand that paper money has no real worth. At least buy gold, silver, stocks, savings bonds, or literally anything with some sort of value
The dollar isn't going to start being worth more anytime soon. Some people say that gold and silver aren't great investments because there have been long periods of time where they've been in a downtrend, but since 1800, the dollar has been essentially in a constant downward spiral, and is now worth 22 times less than it was then
Meanwhile, gold has gone from $18 per ounce in 1833 to $1,800, and silver has gone from around a dollar an ounce to $22 right now. My point being that even in the event of a downturn in precious metal prices, you're doing your children a huge favor by buying now and holding for a lifetime. You should strive for generational wealth for your family.