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Monday, January 4th, 2010

Financial Education Of Our School Children …. Tony Coen

I have for a long time said that we should be educating our children in school all about finance and the responsible handling of our financial matters. Even it the articles found in this blog there is reference to this need for financial education and that the debt ridden society that we are now experiencing would be a better place if there was such financial education of our school children.

The news out of London this morning that they will this year be introducing financial education of our school children is a great step forward that I applaud. I call on the rest of the civilised countries to introduce a similar program into the school curriculum as soon as possible. In the UK they will start with the 5 – 6 year olds teaching them the currency and the value of the different bank notes. Each year more things will be added until when they leave school they will e equipped to handle the use of credit and credit cards and have a full understanding of mortgages.

This financial education will undoubtedly bring about a new class of millionaire, and I look forward to your suggestions on what we could call them. A young entrepeneur of 13 shall we say, having made his fortune from franchised lemonade stands, that cannot withdraw his money from the bank without his parents co-signing. The mind boggles at the possibilities that this could bring up and I wouldn’t be surprised at maybe the next Bill Gates at the tender age of ten years old.

We need to watch out for the bullys who will quickly learn how to threaten and assault in order to just take the financial gains of their peers. I can even see the headlines now “Bespectacled Lemonade Stand Entrepeneur Bashed By Baseball Bat Weilding Bullys”. Some will take the easiest road to earning their fortune and could well get it by applying pressure, with a baseball bat maybe, to those who choose to use their brains and their hard work to make money.

Maybe the call now has to go out to begin educating our children on their legal rights and how the law can protect them throughout their life. Or could it be that the old education system of readin writin and rithmatic just does not equip our children with what they need, to be able to enter society as young adults. I know, as an employer of young people, I am sadly disappointed in the quality of young people that apply for jobs in my business. It should not fall back on the employer to spend six months training and educating somebody that has just had twelve years of education.

Is there no system of learning from employers what skills are necessary in todays business environment and teaching those skills to our children. Or should it fall onto the parents to introduce further education into their busy schedules. I ensured my children were computer literate before they were ten and they are now further progressed than I am. They can create a web page and transfer it to a web site to which they can attract traffic and I expect that before long they will be able to keep me in a manner that I would like to become accoustomed.

Come and Join in the wealth


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This entry was posted on Monday, January 4th, 2010 at 7:44 am and is filed under Uncategorized | add this page to Mister Wong. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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