From Carl Richards at NY Times:

What we should keep in mind as educators:

“Truth is a pretty rare thing in personal finance. More often than not, what we call truth is simply a state of mind or an opinion. Even when the math points at what seems to obvious truth, feelings can get in the way.”

AND

“We tend to forget that money is about feelings, and feelings don’t always fit neatly into the “truth.” So the next time you find yourself in a heated debate about money, feeling like a crusader for truth, put the sword down and remind yourself that what you’re debating is probably not a matter of right or wrong, but one of personal preference.”

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.