The role of parents in financial education

[mashman]

Aye, ain't financial education a wonderful thing

[avgas]

Meh. Interminable bleating about humanity's shock horror use of the planet ignores the fact that humans are a natural effect too.
Be nice if the fuckers stopped short of extinctifying complete species though, and at least we can no longer claim ignorance.

We (NZ Government) built a solar grid (free power station) for the islands. I have been asking for one here for about 10 years.
You (personally) can insulation or grid-connected natural energy systems. No subsidy is provided if you wish to installed said things yourself. Every other nation on the planet as a subsidy for this. But instead we get subsidies for signing up for a carbon credit system. As system buy the way that you can no go outside, count your trees and enter (to claim credits). Don't even get me started on solar water in NZ.

We put snails in fridges......then leave them there.

We allow dangerous pests on conservation land so long as it is a pet.

We don't have a nation wide requirement to store rain water.

Our recycling is exported.

I could go on. But this list is bottomless. Currently the only thing going for NZ is the tiny population - otherwise we would be in worse crap than most.
Time will tell - when NZ is a 20 Million people country - our rubbish dumps will be 5 times as big, our power consumption will be 5 times as big, we will have 5 times as many cars......
Downward spiral. Even without the extinct wildlife.

[Ocean1]

We (NZ Government) built a solar grid (free power station) for the islands. I have been asking for one here for about 10 years.

Why? Are you not aware that the manufacture and disposal of PV cells is environmentally monumentally hideous?

As for the rest, yep we do some silly things, but you'll excuse me for pointing out that your average eco-warrior has done more harm than any number of evil corporate pirates. They're just so wrong so often and on so many fronts that anyone with the most basic scientific knowledge has long since switched off anything "eco".

That, and the propensity for any environmental discussion to rapidly degenerate into yet another environmental conspiracy theorist vs govt/corporate apologist slanging match, both sides arming themselves with increasingly imaginative supporting references.

Over it. I do my bit by refusing to buy business shirts with any associated packaging whatsoever and requiring shop staff to unpack anything else encased in plastic. And now that I think about it that alone has saved more planet than the TechNZ funded research project I provide consulting services to ever will.

Who ever figured it was a good idea to allow politicians anywhere near research budgets ffs?

[avgas]

Why? Are you not aware that the manufacture and disposal of PV cells is environmentally monumentally hideous?

As for the rest, yep we do some silly things, but you'll excuse me for pointing out that your average eco-warrior has done more harm than any number of evil corporate pirates. They're just so wrong so often and on so many fronts that anyone with the most basic scientific knowledge has long since switched off anything "eco".

That, and the propensity for any environmental discussion to rapidly degenerate into yet another environmental conspiracy theorist vs govt/corporate apologist slanging match, both sides arming themselves with increasingly imaginative supporting references.

Over it. I do my bit by refusing to buy business shirts with any associated packaging whatsoever and requiring shop staff to unpack anything else encased in plastic. And now that I think about it that alone has saved more planet than the TechNZ funded research project I provide consulting services to ever will.

Who ever figured it was a good idea to allow politicians anywhere near research budgets ffs?

Actually most eco-warriors are useless hobo's whom couldn't save the planet if they tried. They think if they smoke dope and complain about stuff that it will get fixed.

PV cells are only currently being used for 1/3 of their life before being replaced. This is due to a) increasing demand and b) decreasing efficiency. But if you reversed what I just said. What if we installed a plant to supply an area, then gave them a plan/goal where they had to decrease their demand over 10 years to 1/3 that they consume today? If they did - they would get free power.
This means that continuing the trend the fact that the PV cells lost their juice after 10 years would not matter as the demand would have also dropped. Meaning the PV plant could continue operation for 30 years rather than 10. Thus 2/3 less waste.
Also PV cells are currently being "landfilled" at the end of their life, which is silly as they could be either a building material or recycled using the ocean (95% silica, remaining are solid metals that are found at deep sea anyway). Why do we feel the need to bury rubbish on land? The ocean is a fantastic recycling mechanism for heavy stuff that doesn't have nasties.

As for creating PV cells. They now take 1/10 the resources they used to 10 years ago and are 5 times more efficient. Not saying they are perfect, far from it. As you mentioned earlier - why should this decision be in the hands of the politicians? When did they get Engineering degrees and work in the power industry for a few years?
When did they get phd's in science so they can determine what is valid?

I hope Lanzatech are doing well now..... Outside NZ....

[Banditbandit]

Who ever figured it was a good idea to allow politicians anywhere near research budgets ffs?

No-one but the politicians ..

Research is difficult to manage - especially as new ideas and new thinking only comes from the fringes and margins .. an area that politicans hate ... they want to put research firmly in the centre and manage it .. that will only fuck it up ...

[mashman]

I rest my case

[Winston001]

"Kiwis Guilty of Dopey Money Decisions."


Which proves the case for teaching financial literacy Mashie. Glad you finally agree.

[mashman]

"Kiwis Guilty of Dopey Money Decisions."


Which proves the case for teaching financial literacy Mashie. Glad you finally agree.

you cheeky cheeky boy

"The study shows that while New Zealanders have the knowledge to make good financial decisions, they often don't act on this knowledge". The Literacy exists, the will to ignore ones teachings isn't.

[Ocean1]

The Literacy exists, the will to ignore ones teachings isn't.

You're the only one that seems to think ignoring financial advice is a smart move.

Oh, and these losers: http://www.stuff.co.nz/business/mone...wn-investments

[mashman]

You're the only one that seems to think ignoring financial advice is a smart move.

Oh, and these losers: http://www.stuff.co.nz/business/mone...wn-investments

"The study shows that while New Zealanders have the knowledge to make good financial decisions, they often don't act on this knowledge". They're not ignoring the advice because they have the knowledge. However they are making their own minds up irrespective of the sense that surrounds their decision... but it is their decision. You miss that point entirely and call them losers when someone loses their money. I'm sure the Hanover, SCF, Strategic etc... all reputable finance company's. Were those investors losers too?

[Ocean1]

You miss that point entirely and call them losers when someone loses their money. I'm sure the Hanover, SCF, Strategic etc... all reputable finance company's. Were those investors losers too?

Of course they were, what the fuck would you call them, winners?

Kiwis must be responsible for own investments
New Zealanders need to be weaned off a "culture of blame and dependency" when financial investments go sour, the chief executive of the Financial Markets Authority has said.

And you reckon I missed the point FFS.

[scumdog]

You're the only one that seems to think ignoring financial advice is a smart move.

Oh, and these losers: http://www.stuff.co.nz/business/mone...wn-investments

Classic Kiwi Culture: "It's always somebody elses fault"

[mashman]

Of course they were, what the fuck would you call them, winners?

And you reckon I missed the point FFS.

So a company suddenly goes under and people lose their money. Yet it's the fault of the people for investing in the company in the first place? Ok, I can accept that, but fuckin hell, unless you communicate with the owners/directors directly on a daily basis, you;re not going to know that the company is about to fail. I bet you the majority of those working in those institutions didn't know either.

Yup, you did, as per, you can only see as far as the end of your nose.

[scumdog]

So a company suddenly goes under and people lose their money. Yet it's the fault of the people for investing in the company in the first place?

Well not exactly 'their' fault - but you invest money - you take a risk.
After all, it is all about greed...you put forward your money, do nothing - and expect even more money.

Sounds too good to be true.

So you SHOULD accept it might be a fizzer...

[mashman]

Well not exactly 'their' fault - but you invest money - you take a risk.
After all, it is all about greed...you put forward your money, do nothing - and expect even more money.

Sounds too good to be true.

So you SHOULD accept it might be a fizzer...

I agree... although it ain't all out and out greed though, especially when everyone (well not everyone, but those with financial savvy, pffft) says that to save for your retirement you should invest for your dotage. As you say, that involves risk (t'would seem that the risk is there even if it's in a bank and your country gets into a mess) and people are encouraged to take that risk. Ahhhh, gambling by any other name.

Yup, bummer if it's a fizzer and whilst you are responsible for what you invest in, it's usually someone else's decisions that mean that you "win" or "lose". Tis a shame that that fallout fucks people's lives over. Seems silly to me that we would structure a society in such a way that people can lose everything they have worked hard for because a group of bankers around the globe plays fast and loose with some digits and pieces of paper. How evolved .