Going to school & getting good grades is the worst idea that a parent could give

Well... wouldn't your child need to be well educated in order to understand the complexity in stocks, bonds, investments, money management and company ownership? I think the guy has a high title and has a bug up his bum about something and is just ranting. lol We need to encourage our children to learn and grow and live!!! Not EVERYTHING is about money! :)

IDK, I think that life is more than just making lots of money, but children should be taught money management from an early age - I know a family that made their son work at a paper route as a little boy and other jobs when he was growing up to have him save up for a car and college himself - now that he's grown up, he runs a successful small business. I think that education is important, but not in the sense of sitting inside a classroom for 6 hours a day, making them do pointless homework and worksheets that have no relevance to the real world, and making them memorize useless facts because public education is in a sad state today. You can do just enough work to graduate with a degree and still not learn anything - in that sense, I think "going to school and getting good grades" bad advice. OTOH, I think one of the best gifts a parent can give their children is an education - in the sense of getting them excited about the world around them, broadening their minds, teaching them to think for themselves so they don't end up as corporate sheep who do pointless jobs to pay the bills. Not sure I would give that guy's advice, but he does make some good points about money. Personally I think the way to go is to nurture a child's intellect, discover their strengths early on and cultivate that. Not everyone is meant to be a businessman, but everyone has something that they're good at that they can potentially make a living out of.

For some but we cant all do the same thing other wise there will be too many cheifs and not enough indians.

There is something in what he says the trouble is not many of us could finance a business for our child.Besides he is teaching kids to be greedy,while others lose their jobs and live a life of misery,it takes someone really tough to learn to walk all over people and not really give a damn.I think they should be taught about interest rates and how to manage money ,credit cards and credit and how to use them properly.Although making money has to be fairly important but happiness and how to live on sixpence and prepare them for the real world might come in more handy.Take some of the hard nuts round the prisons,give them a day in court ,make them realise if they do the crime they will have to do the time.Another good idea is to teach them board games,ludo,bingo something that does not involve drinking and falling around the local town on a saturday night drunk.Take them to the local hospital and show them the victims of crime and how it really affects people.Show the a serosied liver{ spelt wrong} and what happens to you if you drink to much.To get back to what I have said to mine,simple do your best if you have done your best you have nothing to be ashamed off,and keep trying,don't give up no matter what it is.Don't break the law.

I do and don't agree with that. I think that part of a students job is to learn all they can to apply it later on in life; but I think it is the parents job to open the mind up to more than just getting good grades in school. I agree that a wider picture is needed for these younger generation to get out of the 'rut' and see the big picture; however, I think it falls on the parents to give their children a rounder scope of the world then just telling them to get good grades and that be it. To me that would be like giving someone a tool and not telling them how to use it. Good grades is an indication that not only are they learning, but retaining what they are being taught. But, you have to take what is learned and apply it into your daily life to make it fully understood.

I think in today's life one should be more practical then being just getting grades in the school... These grades may be give happiness for the moment but for the success in the real life you need practical approach... One should be taught such things which will be helpful in future as he mentioned entrepreneurship, management and such kind of subjects which one can apply on daily life... I don't think that cramming something is just foolishness and does not make any sense and parents should give their kid practical approach towards life instead of forcing for getting good grades.

I would agree with him partly…till that much that we need to give our kids something more than education to live and not subsist. However, to me that ‘something more’ is not about taking risks and being entrepreneurial to earn more money…enjoying life at a slower pace is more up my sleeve so I would rather teach him to stop and appreciate the daisies in the grass LOL And education tome is the single most important legacy we can leave for our kids, no matter how rich or poor we are. A good education always pays and one is sure to land up something for survival if good education is there as a guide.

I agree! It's really not a good idea to tell your kids just to go and have good grades at school! We should help kids to find their own interests and way in life. It's bad when we just leave them on autopilot. That way the things are going wrong and then the parents ask themselves : " Where is my mistake? What I've done wrong?" I think we should find out which are the talents of our kids and help them becoming professional!