I am a follower of Motley Fool, although I find some of the articles lack real content but I have never felt cause to comment on any until this morning. I like to keep up to date with business, money and the economy every morning and am following the trends of the credit squeeze which I feel simply has to get worse yet.
Then an email this morning from Motley Fool blunders in with 5 Tips for First Time Buyers, 4 out of the 5 were to ask your parents to help you out. The 5th was get a second job, although the article went on to not recommend that option. Needless to say I felt compelled to leave a comment about what was a completely useless article aimed at helping nobody in particular.
Having reached a stage in my life that I can concentrate on investing, I came to realise back in 1999 that financial education starts and finishes with one person - yourself. Just as it is not up to the Bank of England to bail the Banks out, everyone should invest in their own financial education and stop looking for someone else to give them a hand out.
The UK used to be a land of homeowners, this is clearly changing rapidly, let's hope we are better than a nation looking for a hand out.
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