Show kids the math for life security.


I  read an article about Black Millionaires. It addressed the fact that most were entrepreneurial from a very early age and could  do the math.  That is, they could  do calculations quickly in their heads, and figure out if they were making money selling newspapers, shining shoes, walking dogs, mowing yards.  They taught themselves to be good calculators, and how to understand risk.

These people were ‘outliers’ as they  didn’t come from families  who were entrepreneurial….  but there is another  issue.  They had the math skills to do the calculations, and for some reason,  kids today aren’t getting those skills.

There is no reason that a nine-year old  doesn’t know multiplication tables by rote…except that the adults who influence him won’t spend the time insisting he sit down and  study them.  If you can’t do basic multiplication in your head, you are screwed. The first thing any kid should learn how to do is determine how many  diapers an infant goes through in a week, and  how much disposable diapers cost.  No joke.

I have friends who are elementary  school teachers who shrug at the fact that the kids they ‘teach’ can’t make change  for a dollar, and can’t read an analog clock.

We are in a crisis here.  Many of these kids may get into college, but they will drop  out, or graduate not knowing how to do anything.  This is why so many  people carry more debt than they can  pay off.

I started thinking about this, because I am thinking of retiring, and several  people who are financial professionals have told me I have made uncommonly  smart decisions with very little money.  Nice compliment, but  now the issue is that I can retire, but what about the many people around me who think that  they can live on Social Security?  How ‘secure’ will I be if all my neighbors are beggars—or criminals?  Why would this be so?  They will be desperate.

I see so many people  seeing homelessness as a top issue.  Certainly, capitalism and the idea of land speculation  really doesn’t work for  about 90% of the population—but that is not going to change.  so—why would  anyone just keep having children they can’t afford to house, feed, and educate?

If you have traveled in the ‘developing’ world, you know what i am talking about. They are camping at the gates of the rich, who have their own private security .

So, say your  local primary schools aren’t doing the job, and you are innumerate  and don’t have any math skills,  You live from hand to mouth, and want a better existence for your kids. What to do?  Google Khan Academy. Start there.  Good luck!

Advertisements

Tags: , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: