Reader Submission: Three Things We Should Have Been Taught in School or College, But Weren’t

by Vinaya HS on November 1, 2008

in Finance

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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?




Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

{ 4 comments… read them below or add one }

Anoop November 2, 2008 at 6:54 PM

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.

Lakshmi November 3, 2008 at 9:15 AM

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.

Vinaya HS November 3, 2008 at 7:22 PM

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.

Lakshmi November 5, 2008 at 4:33 AM

Time flies like an arrow, fruit flies like a banana.

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