Helping Your Teenager to Become an Entrepreneur
It is unfortunate today that our education system still programs us to be like people from Victorian times.
They teach us maths English and a few subjects which will help us progress in everyday lives.
But as far as financial Education is concerned most of the teachings are prehistoric.
They teach us to exchange our time for money they tell us to get jobs and have a boss who tells us when to go on holiday what time to go to work, in exchange sometimes only for a minimum wage, not to mention paying more tax.
They punish us for making mistakes if you don't pass your exams you are a failure.
You don't get into a good school it's all about memorizing what you are told by a government beurocrat.
In real life people learn from their mistakes, financially educated people also try to learn from other peoples mistakes.
Which can end up being less expensive on their pocket.
The most important people for me are the young generation.
I think it is important we don't bring our children up with the same ideas our parents had.
They need to learn how to be entrepreneurs how to be creative, use their imagination to create moneymaking ideas learn to have their money working for them.
Not chasing a wage all their life.
With their pot of gold at the end of the rainbow being social security.
A promised state pension or a mutual fund that returns maybe 100% in 15 years, even though the price of fuel can increase 100% in one year.
How can this be the financial security that job seekers truly desire? This is a recipe for economic disaster university students don't even know some of the basics of using a credit card or mortgage after being taught in school and university for nearly 20 years.
To avoid this and other problems we must still have education but this education needs to be taught by people qualified to teach these things.
If you want to learn how to make money you must learn from people who are making money.
If your financial advisor works in an office getting £1000 commission from selling life insurance to you or someone like you every week, how can he give you advice how to make £1000,000.
Or show you how to Invest a Million for that matter, if he knew how to make a million he would not be working in an office for £1000 a week.
Or driving a BMW costing £500 a month with 15% interest Payments.
If you want to give your child or teenager a head start in life teach them these things now don't wait.
They teach us maths English and a few subjects which will help us progress in everyday lives.
But as far as financial Education is concerned most of the teachings are prehistoric.
They teach us to exchange our time for money they tell us to get jobs and have a boss who tells us when to go on holiday what time to go to work, in exchange sometimes only for a minimum wage, not to mention paying more tax.
They punish us for making mistakes if you don't pass your exams you are a failure.
You don't get into a good school it's all about memorizing what you are told by a government beurocrat.
In real life people learn from their mistakes, financially educated people also try to learn from other peoples mistakes.
Which can end up being less expensive on their pocket.
The most important people for me are the young generation.
I think it is important we don't bring our children up with the same ideas our parents had.
They need to learn how to be entrepreneurs how to be creative, use their imagination to create moneymaking ideas learn to have their money working for them.
Not chasing a wage all their life.
With their pot of gold at the end of the rainbow being social security.
A promised state pension or a mutual fund that returns maybe 100% in 15 years, even though the price of fuel can increase 100% in one year.
How can this be the financial security that job seekers truly desire? This is a recipe for economic disaster university students don't even know some of the basics of using a credit card or mortgage after being taught in school and university for nearly 20 years.
To avoid this and other problems we must still have education but this education needs to be taught by people qualified to teach these things.
If you want to learn how to make money you must learn from people who are making money.
If your financial advisor works in an office getting £1000 commission from selling life insurance to you or someone like you every week, how can he give you advice how to make £1000,000.
Or show you how to Invest a Million for that matter, if he knew how to make a million he would not be working in an office for £1000 a week.
Or driving a BMW costing £500 a month with 15% interest Payments.
If you want to give your child or teenager a head start in life teach them these things now don't wait.
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