Ode to My Personal Finance Teacher 

Ode to My Personal Finance Teacher

Joe Kniser, my high school Personal Finance teacher. I hadn’t spoken with Mr. Kniser in years. In fact, it had probably been at least 10 years. Of all the 20 or so invalid contacts, Mr. Kniser was the one person I really wanted to tell about my blog.  Here is what I remember from Mr. Kniser’s Personal Finance class.

Personal Finance

The Rule of 72 The rule of 72 relates to compound interest and the time it takes to double your money in investment accounts. You take 72 divided by the annual interest rate, which then gives you the approximate time it takes to double your money.

The Stock Market

Another impressionable project I remember from Personal Finance was about the stock market. For this assignment, we were to group up and pick several stocks to follow over the next month or so. We picked around 10, and then charted their progress over time. 

Balancing Your Checkbook

I know a lot of people who do this, and it is a useful thing to know how to do it. It is especially useful if you don’t have a lot of savings and need to track every expenditure you make. However, I feel like balancing a checkbook is something that has gone by the wayside a bit with the explosion of online banking.

Credit Cards are BAD

Mr. Kniser DID NOT like credit cards. I don’t honestly know if he even had a credit card or not, but he sure talked badly about them. And I completely understand his focus. Many people use credit irresponsibly and get themselves into trouble, which he was trying to impact.

The Number One Thing I Remember from Personal Finance

I was a teacher’s aide for Mr. Kniser my senior year, and it is this time I remember most. He was also a creature of habit, and very routine. He also always kept things in a certain order and place, which brings me to my favorite memory.

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