What is the Color of Money - Why Must Parents Also Play a Role in Teaching Financial Freedom?
A survey in North America on financial freedom A survey at a University in the USA found that most teachers don't think they are suitable to teach their students the basics of personal finance or issues regarding money.
This is a recipe for a future financial disaster.
Most teachers who recently graduated are still in high debt due to student loans and will feel uncomfortable teaching their students financial freedom.
Disturbing statistics.
During the survey the teachers were asked to rate themselves in six personal financial areas: Income and Careers, Planning and Money management, Credit and Debt, Financial responsibility and Decision-making, Saving and Investing, and Risk management and Insurance.
Only 19% of the teachers felt they were "very competent" in any of the six areas.
Another statistic shows that only 33% of them had taken a college course that included personal finance content.
The mind of children This clearly indicates that there is a great need to incorporate personal financial management for all teachers, whether in undergraduate or graduate curricula for students studying to become teachers, or postgraduate or in-service courses or workshops.
Over time this will revolutionise any economy in any country for financial freedom.
The statement "Give me the mind of the children and I will rule the world" is a powerful claim and yet so true.
Let's teach financial freedom.
This is a great opportunity to dramatically change the quality of the future of financial education by providing teachers with a subject matter they need throughout their careers.
This education can be applied to themselves and then pass it on to students.
This is a win, win situation.
It can be used to teach the teachers and then there will a better chance of educating our children in the area of personal finance in generations to come.
Why not teaching financial freedom? Long term goal The goal is a worthy goal.
It is of uttermost important for teachers to teach children to save, to invest and to be better stewards of their money - financial freedom.
If they do, children will become better money managers and in time become parents who in turn teach their children.
The ripple effect can turn any country into a prosperous country that will be financially free.
Many financial literacy advocates agree that a core part of any curriculum for teachers should include mandatory financial literacy classes.
Correct, a mandatory financial education.
This is a key factor for survival in this new competitive world.
Yes, from kindergarten to the end of the school period.
If my 5-year-old can beg for a hamburger and cry when he doesn't get one, then he is more than ready to be schooled in the economics of eating out.
So Parents can start to play a major role in this financial freedom teaching followed by 12 years of schooling then additional higher education in order to produce a generation of financial literate adults or parents.
No Degree to be handed out.
I suggest that college students should NOT be handed a degree without having taken personal finance classes.
I think it is vital that graduates should know how to create a budget based on their expected salary.
Every human being will use finances during their lifespan.
The recession is here and it will stay for a while, it can make or break a country and its people that lack financial education.
Right now the majority of the people, young and old lack the decision-making training to make good financial choices.
It might be challenging to teach people common sense, but we sure can do a better job of teaching basic financial literacy.
Start at the top I repeat again, teachers are a pivotal factor in the future success of financial education.
We have to start somewhere and the best place to start is with teachers so they can teach children to walk the long road to financial freedom in a very competitive world.
My suggestion is to educate the educators and to mandate that schools add money management to their basic curriculum for future generations to compete in a global village.
Parents will follow.
I must acknowledge that we also need to teach parents that they can instill in their children certain core values concerning finances.
We know that children follow in their parent's footsteps of what they've learned at home.
I realize we can't just put the financial education entirely into the hands of educators to teach, so parents do a have a vital role to play teaching financial freedom.
Any suggestions are welcome.
Let us strive for future financial freedom.
If you want more information, please feel free to go to my blog.
This is a recipe for a future financial disaster.
Most teachers who recently graduated are still in high debt due to student loans and will feel uncomfortable teaching their students financial freedom.
Disturbing statistics.
During the survey the teachers were asked to rate themselves in six personal financial areas: Income and Careers, Planning and Money management, Credit and Debt, Financial responsibility and Decision-making, Saving and Investing, and Risk management and Insurance.
Only 19% of the teachers felt they were "very competent" in any of the six areas.
Another statistic shows that only 33% of them had taken a college course that included personal finance content.
The mind of children This clearly indicates that there is a great need to incorporate personal financial management for all teachers, whether in undergraduate or graduate curricula for students studying to become teachers, or postgraduate or in-service courses or workshops.
Over time this will revolutionise any economy in any country for financial freedom.
The statement "Give me the mind of the children and I will rule the world" is a powerful claim and yet so true.
Let's teach financial freedom.
This is a great opportunity to dramatically change the quality of the future of financial education by providing teachers with a subject matter they need throughout their careers.
This education can be applied to themselves and then pass it on to students.
This is a win, win situation.
It can be used to teach the teachers and then there will a better chance of educating our children in the area of personal finance in generations to come.
Why not teaching financial freedom? Long term goal The goal is a worthy goal.
It is of uttermost important for teachers to teach children to save, to invest and to be better stewards of their money - financial freedom.
If they do, children will become better money managers and in time become parents who in turn teach their children.
The ripple effect can turn any country into a prosperous country that will be financially free.
Many financial literacy advocates agree that a core part of any curriculum for teachers should include mandatory financial literacy classes.
Correct, a mandatory financial education.
This is a key factor for survival in this new competitive world.
Yes, from kindergarten to the end of the school period.
If my 5-year-old can beg for a hamburger and cry when he doesn't get one, then he is more than ready to be schooled in the economics of eating out.
So Parents can start to play a major role in this financial freedom teaching followed by 12 years of schooling then additional higher education in order to produce a generation of financial literate adults or parents.
No Degree to be handed out.
I suggest that college students should NOT be handed a degree without having taken personal finance classes.
I think it is vital that graduates should know how to create a budget based on their expected salary.
Every human being will use finances during their lifespan.
The recession is here and it will stay for a while, it can make or break a country and its people that lack financial education.
Right now the majority of the people, young and old lack the decision-making training to make good financial choices.
It might be challenging to teach people common sense, but we sure can do a better job of teaching basic financial literacy.
Start at the top I repeat again, teachers are a pivotal factor in the future success of financial education.
We have to start somewhere and the best place to start is with teachers so they can teach children to walk the long road to financial freedom in a very competitive world.
My suggestion is to educate the educators and to mandate that schools add money management to their basic curriculum for future generations to compete in a global village.
Parents will follow.
I must acknowledge that we also need to teach parents that they can instill in their children certain core values concerning finances.
We know that children follow in their parent's footsteps of what they've learned at home.
I realize we can't just put the financial education entirely into the hands of educators to teach, so parents do a have a vital role to play teaching financial freedom.
Any suggestions are welcome.
Let us strive for future financial freedom.
If you want more information, please feel free to go to my blog.