What business & personal finance advice do you wish had been taught to you when you were at school? Isn’t the purpose of education to prepare children for the real world?
I believe that all children should learn basic business & personal finance skills from the age of twelve to sixteen years. Why not teach children how mortgages and pensions work. Everybody needs a place to live and if they have a long life they will need to retire one day.
Schools should teach their students how to manage credit card debts. They should be taught how credit card companies make their money by charging extortionate amounts of interest far higher than a personal loan to people that pay late.
Students should learn how to negotiate and barter. After all they are going to be doing this every day for the rest of their lives. What about learning the difference between mark up and profit margin?
Learning how to handle money would be the best compulsory course at school. If you add a class like “Business & Personal Finance” and make it standard for all children then what subject would you remove or do less off?
I had a period a day of...
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