Tuesday, March 25, 2008

Disinterest

From public defender blogger The Underblawg:

"You've got to go to work. Every day. Work your way up. Make them love you."

"I don't even know how to open a bank account. They'd give me the check and I'd go to one of those places and they'd keep like half and give me the rest in cash and I'd spend it that day. I don't even know how to open a bank account."

"You've been inside a bank before?"

"Yeah."

"There's people that work there."

"Yeah."

"There's no shame in this. No one ever taught you. You go up to one of those people and tell them that you'd like to open an account. Ok? That's why they're there. Most banks only require 50 bucks or so to get started. Take your first 50 bucks and do that. Then, keep going back. Keep putting money in. Understand?"

"Yeah."

"You know what interest is?"

"No."

"It's like … you know, banks sort of pay you to give them money. I mean, you know what percentages are?"

"Yeah."

"So let's say the interest is 3 percent. If you put $100 in, at the end of the year you'll have $103, understand? You'll have made $3 just by putting money in the bank. Do you see?"

"Yes."

"Ok. Stay out of trouble." I turn to leave.

"Thanks for talking to me about this," she says.

"No problem," I say. "Good luck."

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