oes school prepare children for the real world?...
oes school prepare children for the real world? "Study hard and get good grades and you will find a high-paying job with great benefits," my parents used to sayTheir goal in life was to provide a college education for my older sister and me, so that we would have the greatest chance for success in lifeWhen T finally earned my diploma in 1976-graduating with honors, and near the top of my class, in accounting from Florida State University-my parents had realized their goalIt was the crowning achievement of their livesIn accordance with the "Master Plan," I was hired by a "Big 8" accounting firm, and I looked forward to a long career and retirement at an early age
My husband, Michael, followed a similar pathWe both came from hard-working families, of modest means but with strong work ethicsMichael also graduated with honors, but he did it twice: first as an engineer and then from law schoolHe was roxanne mulberry bag quickly recruited by a prestigious Washington, D law firm that specialized in patent law, and his future seemed bright, career path well-defined and early retirement guaranteed
Although we have been successful in our careers, they have not turned out quite as we expectedWe both have changed positions several times-for all the right reasons-but there are no pension plans vesting on our behalfOur retirement funds are growing only through our individual contributions
Michael and I have a wonderful marriage with three great childrenAs I write this, two are in college and one is just beginning high schoolWe have spent a fortune making sure our children have received the best education available
One day in 1996, one of my children came home disillusioned with schoolHe was bored and tired of studying"Why should I put time into studying subjects I will never use in real life?" he protested
Without thinking, tiffany heart tag I responded, "Because if you don't get good grades, you won't get into college
"Regardless of whether I go to college," he replied, "I'm going to be rich
"If you don't graduate from college, you won't get a good job," I responded with a tinge of panic and motherly concern"And if you don't have a good job, how do you plan to get rich?"
My son smirked and slowly shook his head with mild boredomWe have had this talk many times beforeHe lowered his head and rolled his eyesMy words of motherly wisdom were falling on deaf ears once again
Though smart and strong-willed, he has always been a polite and respectful young manIt was my turn to be lectured"Get with the times! Look around; the richest people didn't get rich because of their educationsLook at Michael Jordan and MadonnaEven Bill Gates, who dropped out of Harvard, founded Microsoft; he is now the richest man in America, and he's still in his louis vuitton white speedy 30sThere is a baseball pitcher who makes more than $4 million a year even though he has been labeled `mentally challenged' "
There was a long silence between usIt was dawning on me that I was giving my son the same advice my parents had given meThe world around us has changed, but the advice hasn't
Getting a good education and making good grades no longer ensures success, and nobody seems to have noticed, except our children
"Mom," he continued, "I don't want to work as hard as you and dad doYou make a lot of money, and we live in a huge house with lots of toysIf I follow your advice, I'll wind up like you, working harder and harder only to pay more taxes and wind up in debtThere is no job security anymore; I know all about downsizing and rightsizingI also know that college graduates today earn less than you did when you graduatedThey don't make nearly as much money as they used toI know I can't rely chanel earrings on Social Security or company pensions for retirementHe needed new answers, and so did IMy parents' advice may have worked for people born before 1945, but it may be disastrous for those of us born into a rapidly changing worldNo longer can I simply say to my children, "Go to school, get good grades, and look for a safe, secure job
I knew I had to look for new ways to guide my children's education
As a mother as well as an accountant, I have been concerned by the lack of financial education our children receive in schoolMany of today's youth have credit cards before they leave high school, yet they have never had a course in money or how to invest it, let alone understand how compound interest works on credit cardsSimply put, without financial literacy and the knowledge of how money works, they are not prepared to face the world that awaits them, a world in which spending is emphasized over chanel cc necklace saving