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?