I’ve been contemplating on this topic since quite some time. In a recent email discussion, Lakshmi, a friend and keen observer of this blog, put my thoughts into words. She says,
There are three things that should be taught at school, which unfortunately are not taught:
- How to earn honestly,
- How to manage the money you’ve earned, and
- How to lead a healthy life
Looking back, I wish I was taught about — or at least made aware of — topics such as health insurance, life insurance, goal-oriented saving and investing, the power of compounding, etc. while in school or, even better, in college. If I’d had knowledge on these topics prior to entering the workforce, I wouldn’t have made these really dumb mistakes.
What do you think?
{ 4 comments… read them below or add one }
How many of our lecturers/teachers in school can analyze and think about all these aspects?.. Unfortunately, many don’t even have a clue about business and they teach us, no wonder we never learnt all these things in school/college.
When we state a problem, we should also state some solution for it. Here is what I feel – You continue the posts on personal finance; I’ll try to write on health and fitness when I get time, by the end of january. A bunch of posts on health would be quite useful for the readers. I’ll keep the posts on in my blog and will post the same in the Geo blog.
Lakshmi, end of January is an eternity away. Maybe you can start by publishing small tips (say a paragraph in length) much earlier? We could have a “Healthy Wednesdays” series on this blog.
Time flies like an arrow, fruit flies like a banana.