Financial education, the most crucial subject that is missing in schools
I was very bored in school when I was young. I personally thought it was a big waste of my time and that I could have done better things with my time. What they taught us wasn’t interesting to me and I found it extremely boring. There was no challenge in it – especially since I didn’t like the subjects.
How the school system started
Very few people know this but schooling was only offered to the very rich before the industrial revolution (and it was a lot different).
Then the industrial revolution came along and the school system was designed by the factory owners and the rich to teach the general population to be factory workers.
They were taught how to be on time, follow the rules, and how to land up in a job by getting good grades.
Yes – today’s schools.
Nothing much has changed since then. People are still being taught the same principals and that’s the reason why most of the people are in the middle and lower class.
Schools don’t teach us about money. They do a terrible job at it! It’s designed by a system that is out to make you a factory worker and if you allow it – that’s what you become. Someone that works for a boss!
Sure there are positive things like learning how to socialize with others and how to work in teams but when it comes to money, they do a terrible job at it, probably because the teachers themselves don’t even know how it works for the most part.
The school system doesn’t teach you:
- Difference between good and bad debt
- How compound interest can make you a millionaire
- Investing basics
- Assets vs liabilities
- Starting a business
- Creative thinking
- Risk to Reward analysis
So taking all of this into perspective, it is extremely important for you and your family to educate yourself on how to make wise decisions with your money, and that’s why I have started with the academy to help you do this the right way.