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(photo: Bok Choy with garlic, olive oil, and red pepper flakes: $2.00 for 2 pounds)
![IMG_5483[1]](http://farm5.static.flickr.com/4028/4380220905_ae4c838156.jpg)
(photo: One pound of Wild Flounder made with breadcrumbs, olive oil, and lemon zest. The fish easily fed four people: $9.99 per pound or $10.00 for serving of four).
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![IMG_5483[1]](http://farm5.static.flickr.com/4028/4380220905_ae4c838156.jpg)
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I spent my
undergraduate days studying philosophy, linguistics, and psychology and, as I've
told many close friends (and anyone else who wants to listen), Philosophy
provides an excellent academic and pragmatic (yes I mean practical) foundation
for countless careers and professions.
One profession that is closely associated with studying philosophy as an
undergrad is Law. Philosophy provides
excellent training for prospective attorneys given rigorous course work in
logic, notoriously difficult text, and training in constructing and presenting
cohesive arguments. However, the
necessary training in order to practice law (viz., law school) is not for
everyone.
Law school (at the top tier
academic intuitions) is intense and not for every student (certainly not for
the student who can't think of anything else to do with his or her life and
figures becoming a lawyer sounds like a good idea).
What follows below is
the best advice I've read on whether one should go to law school. Specifically, the advice comes from Professor
Nick Smith at the

1. This is where you will (not can) save any money you come across (birthday, holiday, etc.).
2. Once you put money into the little blue book you really do not want to take it out.
3. The bank will give you some money in return for keeping a little blue book full of money.
The lesson above was very simplistic; namely, that saving is good and should be taken seriously. Beyond setting up a savings account for me, my parents also exposed me to their financial goings-on from a very early age (I knew for example how much my father made via his paycheck, what our tenants would pay in rent each month, and how much my dad would collect for small handy-man type projects). My parents hid nothing about our financial life or status, so I was "in the know" from a very early age. Some experts have argued, especially in light of the recent recession, that parents should aim to shelter financial goings on from their kids given stress, anxiety, etc. And while every parents should customize parental advice for his or her child (read: understand what type of child you have and adjust parents style), I believe in empowering children and raising smart, pragmatic, kids who will be ready to face the world!
So, when beginning your child's fiscal eduction you want to make sure you do the following:
1. Set up a savings account and describe what it is meant for and how you make regular deposits.
2. Expose your child to every inch of your family's financial life (in a sense treat the child as an adult and describe how much money the family makes <and the different sources of money>, what the family does with money, and what money can and cannot provide).
Start the personal finance discussion slowly and make it as easy to digest as possible. That is to say, talk about saving money and not interest rates or how money is needed for a home, food, and security and not to buy video games, go out to eat, or impress people.
I know of some families that never discuss money matters and this can be potentially dangerous to a child's personal finance eduction (which isn't taught in schools, unfortunately, and is the responsibility of the parent). Money is not a dirty word nor should parents treat it as formal topic only open to adults. The sooner a child feels comfortable dealing with money the quicker he/she can begin to see the value of money what it can and cannot provide an individual (security versus happiness, for example).
- You will need plenty of self discipline to distil the real gold nuggets from a philosophy major; viz, critical thinking skills and ability to clearly write and communicate.
- No one is going to hand you a job after you graduate with your degree and you will need to work extra hard to turn the skills you learned as a Philosophy major into practical, applicable, knowledge that translates well within the marketplace (sorry, this is just a reality).
- You may need a professional degree if you can't apply skills learned as an undergraduate into a job category that is in demand. That is to say, you may need to quickly aquire an MBA, JD, or other professional degree to get a job. I graduated from University in the late 1990's and the .com boom was underway and many jobs were available (this is currently not the case in the US) and I had a practical skill set thanks to work-study position I held for a number of years.