April 24, 2021

Math

We teach wrong math for financial success

Bad financial decisions, just like good financial decisions, can compound, making it harder to achieve financial success, yet many students across the U.S. receive too little financial education to understand core financial literacy concepts.

A Junior Achievement survey revealed that 46% of teens said a general lack of understanding of money, investing and the economy negatively impact their ability to be financially successful. And 51% said they don’t believe everyone is presented with equal opportunities to achieve financial success.

Students are worried.

For 16-year-old Jorge Sanchez from Riverview, Florida, lack of student financial literacy leads to worries about preparing for

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A Math Teacher Went From Earning $5,000 a Month to $28,000 Thanks to 6 Strategic Money Decisions


7 min read


This story originally appeared on Business Insider

From the moment Steve Chen saw his first paycheck, he knew the job wasn’t going to pan out. He started his career as a public school teacher in 2014, teaching math to middle-school students in Los Angeles, and the pay just wasn’t enough.

He was making a little over $5,000 a month pre-tax. But after all the taxes and benefits were deducted, he was left with barely enough money to enjoy his life the way he wanted to. 

“I live in California. A lot of the stuff

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Math teacher reaches financial independence at 33 years old

From the moment Steve Chen saw his first paycheck, he knew the job wasn’t going to pan out. He started his career as a public school teacher in 2014, teaching math to middle-school students in Los Angeles, and the pay just wasn’t enough.

He was making a little over $5,000 a month pre-tax. But after all the taxes and benefits were deducted, he was left with barely enough money to enjoy his life the way he wanted to. 

“I live in California. A lot of the stuff here is super expensive, like with taxes, food, and living costs. I did

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Should Retirees Pay Off Their Mortgage or Invest the Money? It Depends on the Math

These days, if you want to pay off your mortgage when you retire, you’re going to take a lot of flak.

That is because mortgage rates are currently at whistle-inspiring lows—the average rate across 30-year fixed loans in December was 2.93%, according to mortgage technology provider ICE Mortgage Technology. If you itemize and get tax a deduction for mortgage interest, you’re paying even less to borrow money.

Meanwhile, if you were to invest the money instead of paying off the note, you’re likely to make a lot more. Over the last 10 years, portfolios invested 60% in stocks and 40%

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