How many people, including politicans, know anything about finan
Wildwood - How many people, including politicans, know anything about finances? Very little, even the basic things like compound interest. If you make $40,000 a year, you should not be purchasing a new $25,000 car. You shouldn't be purchasing a home, either. You don't have the money. You should be saving, investing and reading books on finances. It's very easy to be a multi-millionaire in America today. In fact, it's never been easier. Live below your means. Don't have a $100 a month phone payment. You can't afford it. We should be teaching this to our children.