Posts Tagged ‘Education’

Open Education

Posted: March 17, 2019 in Thought for the Day
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“Education’s purpose is to replace an empty mind with an open mind.” -Malcolm Forbes

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“The earlier you take steps to keep your brain strong, the longer you’ll delay any signs of decline….  One of the best ways to learn and keep your mind sharp is with financial literacy….  When we learn and use financial education, we use different parts of our brains. Learning the material uses regions in the temporal parietal area…. What they found was that the more financially literate a person, the stronger the connections.

Reading is an excellent way to build up our brain strength. It engages several parts of the brain at once, making stronger connections. That, in turn, helps you sharpen your decision-making process.” -Dr. David Eifrig

“Education is learning what you didn’t even know you didn’t know.” -Unknown

“Education is not the learning of facts, but the training of the mind to think.” -Albert Einstein

College Education

Posted: March 24, 2016 in Thought for the Day
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“A lot of people seem to think that simply going to college will bestow an education.  In reality, all most people get is a diploma, which is very different.” –Doug Casey

Far, far, far too much money – mind-boggling amounts – has been borrowed….  Students have borrowed $1 trillion for college.…  Roughly 90% of GM car buyers finance their purchases.  And as recently as 2014, 83% of their loan book was subprime, with a shocking amount categorized as ‘deep subprime’.  Deep subprime is essentially people who don’t have a credit rating or people who are currently in bankruptcy.” -Porter Stansberry

It’s good to have nice things and to get an education, but these things must be done responsibly and according to need.

Fannie Mae announced that it will offer a HomePath Ready Buyer Program.  They will offer up to 3% toward the purchase price of a home (if they take a home buyer education course).

“That’s right: We’re back to 3% down payments, rebated. And we’re back to the feds (Fannie Mae is a government entity) encouraging people to load themselves down with mortgage debt.  ‘Stimulus’, is what they call it.  ‘A debt trap’ is what it really is.” -Bill Bonner

Fannie Mae is already in receivership with the assistance of the government.  Now, they will be putting even more on their backs with this program.  This low down payment program didn’t end up so well just a few years ago, now it is being reinvented.

Is home ownership “affordable” if someone needs assistance?