The Top 3 Reasons Kids Be Taught About Business and Entrepreneurship

The 2022 school year is almost over. Our kids are being taught many subjects:

  • English
  • Math
  • Science
  • History
  • Art
  • Music
  • etc.

These are all great subjects, but are there other important subjects they should be taught as well? What if our kids were taught real world subjects they could actually use when they became adults? Is it time for our kids to learn about key topics that are NOT taught in school, including money, finances, business and entrepreneurship?

The teachers in our schools are doing the best they can, but they can’t teach our kids everything. Down load a FREE COPY of my book Planting Seeds; The Children’s Guide to Entrepreneurship today!

The Importance of Entrepreneurship

For decades, we were taught the key to economic prosperity was to go follow this one simple formula:

  1. Go to school
  2. Get good grades
  3. Graduate from college
  4. Get a job
  5. Save for retirement
  6. Live happily ever after

This formula actually worked for many people. In the 1950’s and 60’s, a family of 4 or more could survive (and thrive) on one paycheck. Fictional television shows like The Brady Bunch imitated real life for some: the husband worked and provided for the entire family. They even had a maid.

During those days, a person could work one job their entire lives and retire with a pension, which was a
a regular payment made during a person’s retirement from an investment fund to which that person or their employer. The pension was promised to a person for being a loyal worker to that company for the rest of their life.

Those days are over.

Times Have Changed

There are several dramatic differences between today and years past, making entrepreneurship and knowledge of money matters more important than ever:

Reason #1. No More Pensions

Today, some companies still offer pensions (school teachers, firemen, police officers, etc. However, most pensions have been replaced with the 401k. The 401k is an investment vehicle where money is invested into the stock market via IRA’s, 401ks, and other retirement plans. puts the responsibility of saving for retirement on the employee. Unlike pensions, there is no guarantee this money will be available upon retirement.

Reason # 2. Job Security Has Vanished

There was a time a person could graduate from high school, get a job at a factory and work there until they retired, 40 years later. Today, the average person switches jobs every 3-5 years.

Employees leave jobs today for a variety of reasons. Here are some of the most common:

Few employees work for one company as long as their grandparents did.

Reason #3. Inflation and Cost of Living

As the cost of goods and services began to increase, the wages did not keep up. Food, rent, clothing and everything else people bought became more more expensive.

As a result, many workers began to work 2 jobs or seek higher paying jobs. In addition, two incomes were needed to maintain a household instead of just one. This is also a sign of the purchasing power of the dollar decreasing, which is part of financial literacy. This information is not taught in school, but is very important information to know and understand.

As The World Changes, We Must Change With It

The current educational system is based on old-world principles: get a job and your employer will take care of you. This is no longer the case. Many high paying jobs are grandparents enjoyed have shut down and relocated overseas. Many jobs in the United States are service oriented jobs with lower wages. in addition, many companies have layoffs or go out of business altogether, leaving employees in a serious bind.

Many young people went to college in hopes of a better future, only to end up thousands of dollars in debt, working jobs that barely pay enough to give them an adequate standard of living.

It is for these reasons the educational system must include courses on business, entrepreneurship and financial literacy.

In addition to basic courses taught in school, kids must learn about the following:

#1. How to Start a Business

Thanks to low wages and the constant threat of layoffs, people must learn how to make their own money. They must know they have the ability to start their own businesses if they choose to.

Give a man a fish, he eats for a day. teach a man to fish and he eats for a lifetime.

#2. The Importance of Multiple Streams of Income and Passive Income

The average person has one source of income, and that one income is supposed to pay all their expenses:

  • Rent/mortgage
  • Food
  • Transportation costs/gasoline
  • Insurance
  • Childcare (babysitting, soccer lessons, etc.)
  • Entertainment/leisure

As things get more expensive, paychecks get stretched, making it difficult to pay for everything on one salary. While the average person may attempt to get another job or even a second job, this is a mistake. . The average millionaire has 7 streams of income. Not seven jobs, seven income streams, with many of the being passive income. This concept isn’t taught in school but must be required learning for all. Pick up a copy of my book Invest For Success: Millionaire Wealth Strategies Not Taught in School today.

#3. Financial Literacy

When it comes to money, the average person only knows about the U.S. dollar and fiat currency. How many people know gold was used as currency for thousands of years? How many people understand what the petrodollars or the world reserve currency? These are important money topics that people of all ages should be aware of.

Call To Action

The Covid War has turned the world upside down. As businesses closed and people were subject to mandatory lockdowns, many people were relying on government assistance to help them pay their bills. Learning how to generate your own money and start your own business is more important than ever.

If the schools won’t teach these important topics, parents must be proactive and obtain this information themselves. Check out the the educational materials here from the Yes We Did Virtual Learning Center for both adults and children:

My Published Books:

Planting Seeds: The Children’s Guide to Entrepreneurship and Invest For Success: Millionaire Wealth Strategies Not Taught In School. Each are available in eBook and paperback versions. Invest For Success is available in audible format, and Planting Seeds has English, French and Spanish translations.

Online Courses:

Our online courses are available on Udemy. Each student receives lifetime access, allowing them to take the course at their leisure:

Course #1. Planting Seeds: The Entrepreneur Course For Kids

Course #2: Tired of the 9-5? How To Retire Early With Passive Income

Course #3: The Entrepreneur Mindset: Discover the Entrepreneur Within

Schools can only do so much. It’s up to us to provide our youth with information they won’t receive in school. Their futures depend on it. Register for an online course or pick up a book today. Your kids will thank you!

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