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I'm -- about business dot com live trees burned his -- about 1240 on the East Coast 940 on the West Coast good morning markets of about thirty points right so we're talking all the time about all this.
Stuff and some -- don't understand it.
Thankfully joining me this year chairman of the NI CPA's national CPA of financial literacy commission.
Big push to get people to start to understand and the push actually begins when they're little -- Absolutely what we've learned is that young people today.
Really don't have a grasp of basic financial literacy basic how to make basic financial decisions so we're pushing it back now into the schools and two younger people.
To get financial education involved earlier that when they -- -- adults and they get their first job and have to make life decisions they have some.
Background to make sound financial decisions.
Jordan isn't the problem with schools since the same problem and everybody has these days it's money.
I mean their budgets are being cut.
Reading writing and -- arithmetic -- -- let's get down to the core of what we do and trying to do that.
Art is being cut physical education is being cut where's the funding and -- come to add something -- that curriculum on top of the basic reading writing that the pick which by the way we're not a very good job of any.
It's a good question and I'm not sure there needs to be in addition to it.
Money is basic arithmetic.
There's a way to build in sound financial decision into the basic arithmetic as part of the math curriculum we have -- curriculum that was developed called feed the pig for queens.
Which was developed for fourth to sixth graders and it builds in basic math reading writing and other skills that financial literacy is getting layered on top.
Without having to be completely separate initiative.
I think it's a great idea and I do think that kids should start to understand it more and more I was a -- I had my ABA in accounting so I am one of you.
And I think more and more actually then think once you're done with the kids you work on high school and college and I really believe there should be -- -- More for kids just to get their degree in accounting because you understand so much more you don't have -- -- one.
Everything -- get a degree in accounting in union and the for the pocket protector that's and he tells me he's not true.
You can you just -- to understand so much more and that could actually help them -- economy.
I would agree and I did -- my pocket protector home today just for that real.
Don't tell me -- bad.
Only good I don't and that's I think it's very important the -- -- -- and accounting are fundamentals that can be useful for personal.
Finances and the basis for small businesses had a lot of what we do an everyday life has a basis and accounting Simon agreed there.
It did the one thing -- that I took you know classes in high -- and holding an age myself here shorthand.
In the business class I -- -- an academy where you do NT counts and then that I -- that doesn't help in real life.
But let's just face it back -- -- -- he counts at home.
Is there a way to get sort of take -- away from the hard core accounting where if you wanted to be an accountant and you have to you know do GAAP statements.
And take it to personal budgeting and things like that because I think I would have been more interested in high school.
Had been -- like that as opposed to -- team counts and ledgers and all that stuff.
Absolutely and you know basic financial literacy talks about.
Budgeting saving how making decisions today will impact.
Time value of money.
Basic financial concepts that have a basis in mathematics that you can really make changes today -- CNN -- for instance if we teach kids today that you know they get allowance toward.
Money from -- -- whatever they take two dollars out of that and put it away.
How long does that take that to become ten dollars and a hundred dollars and what can they do with that.
And how interest works and savings and see you later and on top of it and it doesn't happen to be the T accounts that you hate.
But -- think it went and it -- just rode in with the same thing a lot of this starts at home.
But my kids get an allowance and I am I stole -- from Dave Ramsey I'm not that this will break -- people a dollar goes sticks shirts.
A dollar supposed to go on their bank and then they get the remainder to keep themselves they'll get that much -- -- -- left -- a whole heck -- lot but nevertheless -- lot of this have to start at home right because these kids are bombarded with.
Let's see through -- hot Christmas I want an iPod and I want I need the new iPhone because on my friends haven't -- you trying to teach these kids to budget and meanwhile they're asking for our.
More expensive toys and we.
I agree with you -- a good way to get -- family involved is on our web -- feed the -- dot org there's a family financial goal.
And it's you print out it looks like a little pig and you -- to a coffee can and the family comes up with a savings goal whether it's a movie night pizza night.
Buying a new dvd whatever it is and everyone in the family has to contribute -- -- -- school whether it's the dollar from their allowance that they have to put away and mom and dad puts in a few more dollars.
And then what they say if we need a hundred dollars we're -- -- ten how much do we have to say left the new building basic math you build and saving habits.
And when it's something that you can see mom and dad doing it's something that everyone can do together.
And -- -- experience the tangible reward of that -- -- ice cream whatever it may be like that I really you really start to see the benefit it's a good way to get the whole family involved and to be honest as a parent of two young children.
Mom and -- need help saving -- so we can just a reminder in the practice.
That defeated pig spot with a guys like trying to get all the money that fell out of the -- of money truck I want that thinks it is anyway yeah I think suit if you go to a wedding in the summertime.
City to go to a wedding in the summertime and a seersucker but -- it would be awesome so into it that out there we'll get to the super -- the Wear pocket protector with it I'll do that -- -- -- -- it's and some ledges when I'm out there as well.
On how does this benefit accounting firms is that's an acidic.
In our viewers and there are a lot of cynical view is that we have would say it is the way to really put a lot of almost stimulus money into the pockets of accounting -- to go to go and all -- schools and say -- -- -- -- Now we now we're gonna help you guys would teach you and we're gonna get paid -- that is that.
Absolutely not -- absolutely ridiculous the financial literacy efforts -- -- SE PA has been behind -- 360 financial literacy and now feed the pig which is an offshoot of that.
Is our way of giving back something you know we have a very.
Standpoint as a trusted advisor and it's our responsibility give something back and help.
-- the next generation of savers the next generation of leaders that are gonna develop businesses.
And if the economy and people -- a whole are doing better we do better plus there's an element of giving something back which is important to us as a profession.
Jordan how has the profession fair -- this whole thing I mean are we seeing.
More people -- coming into the accounting field are they leaving what did the whole Enron fiasco scare them off or are.
I know for a while there was a big push for forensic accountants then what's the stated -- Of the job market these -- for accounts I think it's like everything else that kind of runs in cycles after the Enron and -- dot com.
Box where there was money to be made everywhere else.
You know accounting wasn't as actual people see is pocket protectors and -- -- of people -- want to.
Go into that and and work long hours and hard hours to get ahead we're starting to see -- -- -- we have a lot more people -- like everybody else you know the.
State of the economy has an impact on the -- I'm gonna -- like a calendar.
Accountant cowgirls and yeah I guess if Clinton accountants.
-- -- to be good they'll take.
You on my at least twelve.
-- -- she could be one of them at daybreak land good to see by the way Jordan thank you very much in Long Island hole where that -- with prominent you mean I'm.
Think the thing out and save consumers this -- it is very hard when mom and dad spent a lot of money you're right they need to -- -- -- around and.
But to save -- everything else next damage -- at --
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