This article appeared in the
New Zealand Herald today. It made me think about financial education for school students. Perhaps we should look beyond complicated programmes and simply look to introduce and reinforce to students the
Seven Cures for a Lean Purse, as outlined in the financial classic
The Richest man in Babylon:
FIRST CURE: Start thy purse to fattening.
SECOND CURE: Control thy expenditures.
THIRD CURE: Make thy gold multiply.
FOURTH CURE: Guard thy treasures from loss.
FIFTH CURE: Make of thy dwelling a profitable investment.
SIXTH CURE: Insure a future income.
SEVENTH CURE: Increase thy ability to earn.
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