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Speaker 1: Regulars will know. School and I were never really that close.

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Speaker 1: There's a means to an end. The end couldn't come

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Speaker 1: soon enough, and the means was these skills required to

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Speaker 1: get out into the world and get on with life.

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Speaker 1: One of the things that did help with was economics.

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Speaker 1: I found it genuinely interesting. I did quite well in it.

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Speaker 1: They taught me compounding interest. Well, it taught me about

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Speaker 1: compounding interests. Now, if you don't know about compounding interest,

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Speaker 1: you don't know about life. Basically, economics is life, and

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Speaker 1: its lack of understanding is why so many people have

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Speaker 1: so many difficulties with money. As of twenty twenty seven,

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Speaker 1: if you're not up on this financial education, it has

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Speaker 1: been announced will be compulsory in school years one through ten.

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Speaker 1: I'd make it one through thirteen personally, But praise the Lord.

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Speaker 1: This education. This is education you can use. I mean

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Speaker 1: geography in Latin and physics. They're about career pathways, right,

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Speaker 1: They're about ideas you may or may not find interesting.

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Speaker 1: As a result, you may or may not ever used them.

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Speaker 1: But finance is about life. It's about success, It's about

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Speaker 1: navigating the world. People who know what money is, currency is,

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Speaker 1: interest is dividends are investment as returns are do better

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Speaker 1: in the world than those who don't. It raises the question,

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Speaker 1: I suppose as to what education is really all about.

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Speaker 1: Is it about a pathway to university, to skills or

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Speaker 1: to understanding or the power of value of learning or

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Speaker 1: the basics of life. I mean they used to do

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Speaker 1: home ech still do under different names. I mean, is

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Speaker 1: that a pathway to work with Alan de cars or

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Speaker 1: is it just to make some scones on a rainy Sunday.

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Speaker 1: I figure of nothing else. School should be useful. A

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Speaker 1: lot of people don't use a lot of what we

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Speaker 1: got at school. I mean, nomadic tribes of Africa in

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Speaker 1: geography didn't serve me all that well. But compound interest

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Speaker 1: has economics opened a door for me, A useful, beneficial,

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Speaker 1: financially fruitful door. The idea that all kids will get

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Speaker 1: that going forward is no bad thing. For more from

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Speaker 1: the Mic Asking Breakfast. Listen live to news talks it'd

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Speaker 1: be from six am weekdays, or follow the podcast on iHeartRadio.