The Problem

Every one of us needs a certain level of financial literacy to achieve our economic goals in life.  Unfortunately, personal finance training is almost completely neglected by our K-12 educational system.  Surveys by the JumpStart Coalition for Personal Financial Literacy show that the average high school Senior in this country has a very low level of financial literacy.  And most college graduates are not much better off. 

Our Philosopy

Given the lack of opportunities for financial training in our educational system, we believe that if you want to equip yourself with the knowledge and skills you need to become financially successful, it's up to you to educate yourself.  No one is going to make you do it, and no one can do it for you.  But MONEYSCHOOL is here to help.

Our Mission

MONEYSCHOOL's mission is to make young people aware of the need for lifelong financial education, and to provide low-cost resources to help them acquire the financial knowledge and skills they need to succeed in life. 

It's not so much that there is a lack of information about personal finance and investing.  There are thousands of books, newsletters, web sites, and other resources that deal with those topics. 

Indeed, there is so much information available, it's hard for someone without much background to know where to start.  At MONEYSCHOOL, our focus will be on filtering, compiling and organizing practical financial information into a form that's useful and interesting to anyone who wants to learn, but is starting with limited knowledge of the financial world.

Our current focus is on alerting young people to the very serious risks associated with excessive student loan debt, and providing them with the information they need to make good decisions about investing in education after high school.  As we continue to develop this web site, we will be providing educational resources on a wide variety of other financial topics.

There is a tendency to assume that increasing one's earning power is the key to financial security.  But The real key is a commitment to saving and investing over a long period of time.  The earlier you start, the better your chances for success.

Obviously, income is important, but a high income doesn't necessarily translate into wealth.  We've all heard the sad tales of sports stars with multi-million dollar contracts who ended up broke when their playing days were over.

To be financially successful, the average person has to do a lot of things right in addition to maximizing income.  You need to control spending, avoid excessive debt, minimize taxes, save consistently, and invest wisely.  The list goes on.  And almost every aspect of good financial management requires up-to-date knowledge.

What's the best way to save.  Should you max out your contribution to a 401k or IRA?  Which is better for you, a traditional IRA or a Roth IRA?  How should you invest your retirement savings at a particular stage of your life?  Should you invest in dividend-paying stocks?  What about asset allocation or dollar cost averaging? Should you buy or rent a home?   

In addition to learning the basic principles of personal finance, it's important to stay in touch with what's happening in the financial world.  You need answers to questions like: What will globalization mean for your chosen career? How do you protect yourself from the "offshoring" of jobs by corporations to lower costs?  Which way are interest rates moving? Will China grow faster than the U.S. in the next 20 years and how will that affect your investments? Has the world's supply of crude oil really peaked, and will oil prices skyrocket as a result?

Our ultimate goal at MONEYSCHOOL it to make it easy and inexpensive for people who don't specialize in finance to learn everything they need to know about managing their money and building wealth.  We look forward to getting on with that job.