Wednesday, April 9, 2008

Sorry, But Our Schools Suck

I know some of our teachers are trying. I know that some teachers really care. But the generation coming up is largely not financially literate at all. Half our country believes the rich should pay more taxes. The only people saying the masses should try get wealthy are conservative talk show hosts. Yes, building wealth takes time and there are no guarantees the best business plans and stock picks will work, but about 5% of Americans are millionaires.
It would not take much to require students to take a longer personal finance class. I propose a two semester Personal Finance class. In this class, students will read "The Millionaire Next Door", "Rich Dad, Poor Dad", and "Goals", by Brian Tracy. The class needs to be reading intensive. Students with reading problems should listen to the audio versions. The best financial books I have ever read, and I have read a lot are available at the www.financialindependenceuniversity.com bookstore.
I can just hear the "elite" leftist teachers cursing, screaming, and hissing at this suggestion. But I stand by it. You should too. Our schools are hardly cranking out young investors and entrepreneurs. But our schools desperately need to. Parents need to get involved.
As a side note, there are way too many people with liberal arts degrees with $30-100K student loans that can't figure out how to make money or that want to make money.

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