Money Ahoy
by Derek

1.      Failure in achieving my goal gets me demotivated, how can I push thru despite of the adversities?

- I fail at stuff all the time!  You just have to keep reminding 
yourself if at first you don't succeed, then try again.  Nothing that 
is worthwhile is easy - this is what I always tell myself.

2.      If I choose to graduate in a big university, is it an assurance that I will become successful?

- No, there are no guarantees or assurances in life.  Having a good 
education is essential, but people can be successful without a college 
degree.

3.      Is insurance a waste of money?

- Insurance can be a waste of money if you don't have the proper 
amount.  You need to ensure you are insuring against the risk, that 
you've estimated the risk correctly, and that you have the right level 
of insurance.  Having too much insurance is a waste of money.  Having 
too little insurance can also be a waste of money because it may not 
do you much good if something tragic happens.  See the several posts 
at www.MoneyAhoy.com about insurance that I've written recently.

4.      I’m pre-occupied with my present job but I want financial change, where do we start?

- Start small with a side business.  Other ideas are to get your 
current employer to pay for your education on a new skill if they 
cover this type of thing.  I've started several businesses in my spare 
time.  Some pan out and some don't.

5.      Should we teach children to handle money early? Kids should have fun first?   

- Yes, you should teach children to handle money early.  This can be 
accomplished through a simple weekly allowance and forcing them to pay  for those "want" items using their own money.  This will teach them to  save responsibly in order to purchase things they desire.  This will 
also teach them the economic rule of scarcity.