08 Aug 2007 | Comments | Book Reviews, Wealth Management | Comments feed

Personal Finance Should be Taught at Schools

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It has been suggested the British government should include personal finance as one of the school subjects.

This would ensure that young people in Britain become as well versed in savings and loans as they are in algebra and Pythagoras’ Theorem. Indeed, government statistics show that 26,956 people became insolvent in the second quarter of 2007 - an increase of 4.2 per cent on last year.

Reported at Fair Investment Company.
I have the book written by Robert T.Kiyosaki,  If You Want to Be Rich & Happy: Don’t Go to School? sitting on my bookshelf. The book tells a lot of the education flaws. One of the reason Robert suggested that we skip school education is that school actually “produces” knowledge workers for the business world. In school, we are taught about algebra but never apply the simple mathematic plus and minus function in our money affair.

Do you find that some of your schoolmates who previously performed poorly in academy who are now doing financially better than you? Most probably they only know simple algebra. We definitely need financial education being taught at schools.

Image: Book Cover of If you want to be rich & happy, don’t go to school

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