When I think back on all the crap I learned in high school
It's a wonder I can think at all
And though my lack of education hasn't hurt me none
I can read the writing on the wall
And though my lack of education hasn't hurt me none
I can read the writing on the wall
Kodachrome - Paul Simon, May 19, 1973
For some reason, these lyrics have stuck with me for a lifetime, so far, and are just as relevant today as they were half a century ago.
Education...
What is it about education that makes it so important to us Americans and the rest of the world?
High School education has been seldom used since graduating...
College education has been more used simply because my degree was in English.
Graduate school education has been seldom used other than it opened employment doors for me...
Do you know the RULE OF 72?
Divide the interest rate into 72 and the answer approximates the number of years it takes for your money to double.
What does that mean?
Interest rate of 8% divided into 72 = 9
9 years for money to double
10,000 - start
20,000 - 9 years
40,000 - 18 years
80,000 - 27 years
160,000 - 36 years
320,000 - 45 years
18 years of age when you started
63 years of age, 45 years later
NOTE: you are right at early retirement age
This is the power of education, but this is not taught in high school for some reason.
WHY NOT?
I cannot answer that... you will need to contact your department of education.
Rule of 72 is not CRAP and yet it is not taught.
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