“The most important work you will ever do will be within the walls of your own home.”
-Harold B. Lee
In a recent tweet by Anthony Pompliano he said this:
"We should teach financial education in every school across America."
Now let me be clear, I do not disagree with him on this point. However, I responded and said this:
"Financial education should be taught in every home across America and reinforced in schools."
I think he's agree with me as well. From all that I've heard from Pomp I do not believe he advocates for big government and neither do I. If you've followed me for any period of time you'd know that I advocate for "Individual Responsibility." While no man is an island, there is something to be said about taking control over our own lives and the lives that are under our care.
I am not a parent and I salute those of you who are. Why? You work full time, have a spouse to tend to (those who are married), kids to care for and never mind that you need time for you; all within 24 hours a day. So I do not want to look down my nose and shake my finger at you, but I do believe education should begin in the home.
Many times I hear people berate schools and teachers for not doing enough for their children. However, I wonder how much they are doing for their children. I have nieces and nephews who I've tried to help with their homework and umm yeah - good luck.
When I was growing up, my mother worked two jobs and never worked with me on my school work. Not that she didn't desire it, but because I am sure she was exhausted and didn't have the time or energy. However, my older sister did. She taught me many of my early childhood lessons; including cleaning up the house and washing dishes. But more importantly she impressed upon me the responsibility to learn. While I was not a straight A student, I found my joy of learning from her encouragement.
So when I say, financial education should be taught in every home, this is what I am talking about. Today, we have access to all the lessons in the palm of our hand. In both written and spoken form. To learn the basis of financial education look no further than "Rich Dad, Poor Dad," by Robert Kiyosaki. This should be required reading for every kid on the planet and many adults.
Our school system (gov't run) should be used as a reinforcement tool from what w are talk in the walls of our own homes. Don't get me wrong I know the drill, there are other things we want to do and teaching kids after we get off work isn't one of them. I am not saying you need to homeschool your kid, but if your kid doesn't seem to understand the financial world - maybe spend some time with them and teach them yourself?