Another Big Reason We Need The Elio

[Rickb]

Agree totally. And all thanks to my parents, whether I knew it or not at the time, I didn't "crash and burn" years ago.

Yep, all to often it's too late to thank them by the time we realize that to be the case.

 

[Hotscoots]

The average new car price in America is approximately $30,000 . The Elio will do it's part to eliminate sticker shock for :
Younger 1st Time car buyers
Station car users
2nd car buyers
Folks on fixed income

And the best part is there is no compromise . The $6800 Elio is feature rich and well suited for 21st Century commuting .

 

[Edward43]

The H & R Block Budget Challenge should be a requirement for high school graduation. There is an APP for that!
It's a financial "timing is everything" game. Students would learn and more importantly PRACTICE many real world money management skills: Paying bills, managing expenses, saving money, investing in retirement, and more.
It may be played somewhat like the ever popular FarmVille only practical.

Kids learn personal spending habits by observing and interacting with their parents. The fortunate kids have parents that set a good example and make an interactive effort to raise financially responsible kids. Financially irresponsible parents feed the cycle and choosing to drive an Elio will not change their money management skills and bad credit ratings.

Our public school system could provide some important guidance in this important money management lifeskill. Perhaps money management could be added as a unit in the Public Schools "New Math Curriculum". It would seem as practical as say Algebra and Geometry.

I really like your statement, I feel exactly the same way. They say children can be taught financial management skills very early in elementary school, and they can also learn how to respect the good choices that others around them make and that improves the health of the community, and that is good for America. The problem seems to be that some are profiting from the ignorance of a large part of our population, and early childhood education is'nt universal. Unfortunately, many parents are not qualified to educate when it comes to money. Their problem becomes everyone's problem in short order.

 

[Edward43]

Guilty of all of those, despite my parents best efforts (circa late '70's). Peer pressure is a b*tch.
I'm doing just great now, and a comfortable retirement (i.e. - doing what I want to do for fun and profit without having to worry about where my next meal is coming from) is a real possibility in about 5 years. Some of my "partners in crime" back in the day did better than me, some, not so much. Personal choices, personal responsibility. If you can't teach your children accountability in the first 10 years of their lives, don't expect them to just magically become responsible adults.

You are so right. The Shrinks say if you talk to the kids, and give them an allowance that has been earned, and let them choose to buy, or not to buy, but they must use their allowance, it will give them a very different perspective about spending. This approach will not work with older children after the game has begun. Seems reasonable to me, most kids get a lot of mixed signals, and most are ignored until they get handed over to the school system.

 

[pistonboy]

Responsibility is an attitude that affects all of life, not just money. The main experience kids have is school. Through social promotion, little Jonny learns things are automatically given to him and nothing bad happens from irresponsibility. By the time he reaches 12th grade, his attitude is already formed. Some one said 'little Jonny seeing his friends go on to the next grade without him, while he has to repeat a grade, is a sobering experience that may make him take things seriously for the first time." Social promotion is a result of the attitude in our society of trying to remove everything unpleasant from people's lives.

I have often said 'The lessons we learn the most from in life are the ones that hurt.' The 'loving' attitude of trying to remove everything unpleasant from people's lives may sometimes be carried too far.

 

[pistonboy]

Someone said, if you redistribute all the wealth evenly among people, over time, the people who had more wealth before would have more wealth later, and the people who had less wealth before would have less wealth later.

I think this is true.

I believe it says something, but I am not sure what.

 

[Rickb]

It says that the top 80 billionaires together with the rest of the 1% owned 48% of global wealth in 2014 and are not about to redistribute any of it as their wealth continues to accumulate faster than ever before.

However, I do hope a couple of them are seriously considering a little venture capital distribution to Elio Motors and are close to writing the check. It would help many of the 1%'ers employees to better afford their daily commutes to the minumum wage jobs they provide.

 

[Catia]

Believe it or not, many banks now offer what amounts to payday loans. Your bank advances you a portion of your paycheck (for a fee) and then withdraws the money automatically the next time you get paid.

 

[RUCRAYZE]

If you are counting on a public education to teach much of anything. Go back to sleep and keep dreaming

And the alternative??

 

[CompTrex]

And the alternative??

Private school or home school and vouchers.