Why is personal finance never taught in schools? Why is this critical life skill never taught to people? Why do most people not understand the basics of personal finance? Here is a look at why schools avoid teaching personal finance.
Why Schools Avoid Teaching Personal Finance
The education system has a simple goal. It is not to educate you. It is not meant to develop young people into well-rounded and critical-thinking citizens. It is not to teach the life skills that are needed to make someone successful. The goal of the education system is to dumb people down and to make them into compliant workers for corporations.
This is done by never teaching personal finance in the classroom. If it is discussed at all, it is at a bare minimum. This is because the financial system does not want people to learn the basics of personal finance.
In high school, I was only taught during one class what a certificate of deposit (CD) was and how to write a check. That shows how displaced the education system is from teaching essential life skills to future generations.
The consequence is it makes young people susceptible to going into debt. There are many types of debt: credit cards, mortgages, car loans, medical, and higher education. Debt is a way to control the people. It is a way to ensure that people cannot advance and live a good life.
Once a person is in debt, getting out can be very difficult. This makes it nearly impossible for someone to begin to save, invest, and reach financial freedom. It also makes a person an employee for life. They are indentured to their employer because they must pay off their debt.
The actual reason why schools avoid teaching personal finance is that students must become obedient and unthinking employees to employers.
Taught To Be An Employee, Not An Employer
The education trains young people to become obedient employees. Unthinking people make great employees. They do what they are told. They are unable to think for themselves. They want to clock in and clock out to earn a paycheck simply.
The problem with being an employee is that it is challenging to keep up with inflation and the rising cost of living. An employee can only negotiate so much with an employer for a raise. Employees are replaceable. This is becoming even more evident with artificial intelligence, automation, and technology.
In contrast, an employer is a business owner. A business owner can find ways to increase one’s income by releasing a new product or service. In the Internet Age, a business owner can sell products and services online. There is no longer a need to sell in person. The result is that a business can reach a global audience, not just an audience in one fixed area.
I have noticed this with the book that I self-published on Amazon. I can reach people outside of the United States. This allows me to reach a wider audience of people who may be interested in my book “Thriving Solo: How to Flourish and Live Your Perfect Life (Without A Soulmate),” which is available through Amazon.
You have two main choices. Be an employee or be an employer. Not everyone is meant to be a business owner since it requires lots of personal responsibility until the business makes enough money to delegate tasks.
The problem is that employees are limited in how much they can make in their field. Eventually, the peak will be met, where you will reach your maximum earning potential. You will then decide if you are fine where you are or if it may be a good choice to change career paths.
The other option is to become a business owner. You will deal with the struggles of working with freelancers, time management, and other complications. Once the business generates enough revenue and makes a profit, the business owner can delegate tasks to contractors and employees. This allows the business owner to get his time back while continuing to make money.
It is up to you to decide if you are happy being an employee or if you may want to take the risk in solopreneurship.
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Why do schools avoid teaching about personal finance? It is because the education system is a factory. It produces obedient workers for employers, not self-confident and critical thinkers who can start their own businesses. The good news is that you can transition from being an employee to being your own boss. It will just require that you decide to want to commit to making the change.