Hello Dana here,
Today I am going to talk about a subject, that once I dug into it, I found quite emotive – the financial education of our kids and grandkids.
It was only when it was pointed out to me that I relaised money and finance is NOT taught in schools. That got me thinking, why on earth not? The bottom line is that our children leave school with zero understanding of how money and finance work. That is a global disgrace when you think about it.
Student Debt – Crazy
And, if they go to college or university, the come out of the other end after three or fours years of intense education with what? A qualification…and a huge debt! In the same conversation, I was told that the total student debt in the U.S is not over $1.5 trillion. The average debt an American sudent leaves college with is $38,000. It’s a similar story in the United Kingdom where the average debt after University is over £30,000.
This is just plain wrong.
Maybe, just maybe, the governments of the world don’t want to teach our kids about money? Maybe they want to “plug” them into a system that keeps them “down” and working as tax payers for their entire lives? The student debt being the handcuffs that keep them there. Maybe that is something of a conspriacy theory, but, hey the pieces fit.
Maybe the people need to wake up and smell the coffee?
Money Training For Kids and Teens
Thankfully, someone has seen fit to do something about it.
Two entrepreneurs Paul O’Mahony and Chris Farrell have taken it upon themselves to start a program to educta eour kids and teens on the ways of money. They have written a superb book callked “I Need Money – The Ultimate Guide To Money For Teens”. Written in an easy to understand, straightforward manner, it takes the student by the hand and teaches everything they need to know about money and how it works.
They gently guide the reader through their L.E.A.P system for understanding money and finance and how it works at the most basic level.
L stands for “Learn”
E stands for “Earn”
A stands for “Accelerate”
P stands for “Play”
I was going to do a full reviewm but the Internet is all about sharing and getting information “out there” and my freind Derek Armson in the U.K has written an extensive review. So, I am going to direct you to him.
So, rather than me re-write and regurgitate what he’s already done, read his review – it’s really rather good. Derek is an entrepreneur in the U.K and he is actually in Paul O’Mahony’s mentoring program so he knows Paul and Chris personally.
“He is an amazing information sponge”, says Derek, “he consumes vast amounts of information, processes it and then makes it available as simple and easy to follow trainings. When I was on the bootcamp he said it was the last one he was ever doing personally. I’m so glad I got to meet him and work with him”.
“However, his primary goal in life now is the financial education of our children. He see’s this situation that Dana, you have described so eloquently, as a massive failing by Government. So, with Chris, who I have also met, they are on a crusade to right what they perceive as a massive wrong”.
So, Derek is actually giving away five copies of “I Need Money” – why are you doing this?
“It’s simple really”, he smiles, “Paul is on a crusade to make this happen. To make the understanding of money and finance part of the youth psyche. I’m just happy to help by promoting this cause. After all Paul has helped me so much. So, I feel sort of tied in to the cause. Consequently, I’m just helping to spread the word by giving away a few books”.
Click on the following link to read Derek’s review and also that chance to get a free copy of this incredible book.