15 to 20 years of full time education never teaches us about saving money and relationship

@scheng1 (24649)
Singapore
December 19, 2015 8:52am CST
When we think about the years of formal education, we can see how much money and time we have wasted. In the context of Singapore, we have 6 years of primary education. This is followed by 4 years of secondary education. After the 10 years of basic education, students have a choice of going to junior college or polytechnic, and thereafter to study in university. It takes at least 5 years. Some students who failed their examinations will retake the whole year. Those who are studious will study for masters and doctorates. Many medical professionals will study advanced degrees to qualify as specialists in a medical field. After investing 15 to 20 years of full time education, you will realize that you do not learn about saving money or building up a happy family. That is why many highly educated persons are not happy. They are in debt and trap in an unhappy marriage.
15 people like this
14 responses
@anh101 (1379)
20 Dec 15
I almost quit my University after the first yr i joined. And now even friends are going with master degree, and i ve master my spoken Chinese incase of having no job. Ive quit job 2times after i have another plan to go for. That day i dididn't quit college and the result is i did spend 1.5 yrs working to pay off the student loans. Friday i quit my job again to build up my dream and my mom say its risky, this time im not gonna listen to her cuz ive going around and see how people ends their life through education. Yeap like what u say. And whats more is vietnamese education is fake. Teachers love corruption also, what the hell can they teach, especially government school
4 people like this
@scheng1 (24649)
• Singapore
20 Dec 15
Actually many paper qualifications are no guarantee that we find a good job or we have the skill to live. I think you are better off finding your own talent, and doing the things that you are good at, and will make you money.
1 person likes this
@anh101 (1379)
20 Dec 15
@scheng1 yes, i always follow my set up own plans. And try to finish it, becuz this both make me happy and fullfill other target. 2016 will be the yr of self management
1 person likes this
@birjudanak (14320)
• India
22 Dec 15
its very hard to people like us from middle class to get proper study and job without corruption, i dont like corrupted people and if its in study its not good thing of future of child because if we can buy study by money then what need to learn.
1 person likes this
@marguicha (222989)
• Chile
19 Dec 15
I think that saving money and relating to others are not taught at school but at home. If you give love to a child instead of money, he will learn. And learning to save money means to live within a budget and not being stingy.
3 people like this
@kaka135 (14931)
• Malaysia
19 Dec 15
Yes, saving money doesn't mean to be stingy. Instead of saving money, I always tell my children to save the resources on the earth as we are here to love and protect the earth.
1 person likes this
@scheng1 (24649)
• Singapore
20 Dec 15
Saving money is just one part of the management of money. The other part is about investing. It starts with buying our own house, instead of paying rent to others, and it continues with many other investments.
1 person likes this
@marguicha (222989)
• Chile
19 Dec 15
@kaka135 SAving and recycling also makes us feel proud in the right sense.
1 person likes this
@BelleStarr (61102)
• United States
19 Dec 15
There are somethings that just can not be learned in school, they are learned in life.
2 people like this
@scheng1 (24649)
• Singapore
20 Dec 15
Sad to say, the only time when people seriously think about saving is when they are in their 50s, and retirement is not far away.
1 person likes this
@BelleStarr (61102)
• United States
21 Dec 15
@scheng1 Luckily wee started to think about it in our 30s.
@birjudanak (14320)
• India
22 Dec 15
you may right because while we study our parents spend money behind us to become successful and most of are just enjoy life in love and travel so its not good and some are make relationship in teen age which is not good because in that age they dont know what is good and what is bad,how to earn and how to maintain relationship.
1 person likes this
@scheng1 (24649)
• Singapore
23 Dec 15
Sometimes our parents are not the best persons to teach about marriage, and romance. In Asia context, that is not taught in school or at home. It is true that many teens get into trouble when they learn from their friends, and they do not know how to maintain a proper relationship.
1 person likes this
@Driftr (201)
• Coimbatore, India
20 Dec 15
Money and savings are taught at home generally. But I do feel that what I have learnt is waste as I never apply them in real life. Rather if they taught about saving and balance sheet in school itself, we need not learn it separately. Formal education is to make you employable and just learn some soft skills and qualities in life.
1 person likes this
@scheng1 (24649)
• Singapore
20 Dec 15
If parents have learnt to manage their own finance well, they can teach their children. The problem is that many parents are clueless about personal finance. Many guys still drink too much, and women waste too money on clothing. In this case, how are they going to teach their children.
1 person likes this
@Driftr (201)
• Coimbatore, India
20 Dec 15
@scheng1 Yeah I have seen a few and the children too follow in their father's footsteps once they grow and it leads to a total collapse of the family. Sad that you can't even advice them as they won't take anything.
@fishtiger58 (29820)
• Momence, Illinois
20 Dec 15
Thankfully my son who is still in school getting his PhD knows bout saving money. His girlfriend is now living with him at school, they rent a house so I know that while his school load is great he is happy, which makes me happy.
2 people like this
@scheng1 (24649)
• Singapore
21 Dec 15
Glad to hear that. He is definitely a very smart and matured young man. I just hope that his girlfriend has some sense in financial matter too.
1 person likes this
@fishtiger58 (29820)
• Momence, Illinois
21 Dec 15
@scheng1 Not so much for her, but she is helping to pay bills so I'm thinking she will have to cut down on her spending. She is going to be a police officer.
@kaka135 (14931)
• Malaysia
19 Dec 15
I am not sure about the primary school and secondary school now, but I see some kindergartens here do teach the kids how to manage the money, some basic financial classes are given. There are lot more that are not taught in schools. I always read that education should teach us how to think, but not what to think, I doubt this is what our education system is. I guess I was taught how to sit for exams, but not how to learn. Well, perhaps not too, we might be taught that exams are important, scores are important, then we needed to find out the ways how to pass the exams, but not many students learned this by themselves. Well, this is one of the many reasons I decided to homeschool my children. Nowadays there are many graduates can't handle the stress at work, even those with Master degree. Actually I think students were just put there to do it themselves, but they might not be taught how to release or manage the stress. It seems like we are all learning these by ourselves, even in school.
1 person likes this
@scheng1 (24649)
• Singapore
20 Dec 15
Kindergartens teach kids to recognize the value of money, but not about managing their money. They do not teach that everything comes with a price, and the price is paid by all of us. Many people who graduate from universities do not have a single idea about the cost of medication and hospitalization. If they had, they would not destroy their body by late nights, junk food and drinking.
2 people like this
@anh101 (1379)
20 Dec 15
@scheng1 invest 30mins a day on exercise and building up hood habits here
1 person likes this
@zebra2222 (5268)
• United States
19 Dec 15
Money cannot replace family and marriage, Being in debt is a serious problem facing many people who go to college.
1 person likes this
@scheng1 (24649)
• Singapore
20 Dec 15
There is a difference between learning a skill and getting a paper qualification. I think it is the fault of the society to place so much emphasis on a college education, instead of a vocational institute to learn a useful skill.
@dodo19 (47317)
• Beaconsfield, Quebec
19 Dec 15
That is definitely not something that education and school will never teach. It's really at home that this can be taught. It's something that my husband and I hope to be able to teach our kids, as we think it's important for them to know, and it'll be beneficial for them.
1 person likes this
@scheng1 (24649)
• Singapore
20 Dec 15
That is the whole problem. Rich people teach their children to manage the business, manage the workers, manage the legacy for future generations. However, for many families who are struggling with debt, the children learn nothing useful, except that money brings endless problems.
@crossbones27 (49432)
• Mojave, California
19 Dec 15
What bothered me with education all my years is they think providing it with out capitalism is handouts. The problem with that logic is society is going to pay one way or another, Might as well provide it to everyone because if you do not people will make you pay much more in the long run. Simple if companies really cared about their company. They would make sure people were not wasting their time and not getting robbed by the education system as a whole. Never will understand that rigged game where they create their own problem. Thanks for posting this because people need to hear it.
1 person likes this
@scheng1 (24649)
• Singapore
20 Dec 15
That is true in some aspects. I think it is impossible and unfair to give free education. We all know of people who do very well in academic but not in real life. If education is free, then they will go back there to get one degree after another, and they still do not have any contribution to the country. Many companies may provide skill upgrading to their current staff, but they will not pay higher tax to ensure that everyone gets free education.
@moondebi (1199)
• Bangalore, India
20 Dec 15
What we go through in schools and collages is not education. It is a practice, which we follow under a certain system. Copybook education never impart the basic knowledge of life, and the heavy certificates have less to do with the way situations behave. Knowledge is power, and that knowledge could be gathered even without a customary education.
1 person likes this
@scheng1 (24649)
• Singapore
20 Dec 15
The worst thing about tertiary education is that they teach the students to be arrogant. The graduates from expensive private colleges always think that they can change the world, and they can replace a manager who has been working in a company for 30 years. If that is the way the school teaches students to behave, no wonder many fresh graduates have difficulty staying on in a job.
1 person likes this
@marlina (154131)
• Canada
19 Dec 15
School is mostly for academics. The other stuff is learned from our family life.
@troyburns (1405)
• New Zealand
20 Dec 15
Some things are better learned from family, I think. Success in a relationship is perhaps not something which can be taught at all, although basic money management is a subject worth discussing in schools. Education can be very expensive though - if you don't get a high-paying job after college no financial training in the world can help all that much.
1 person likes this
@troyburns (1405)
• New Zealand
20 Dec 15
@scheng1 - I think you're right that most young people learn about finance from hard experience, rather than from parents. Schools could be doing more, for sure,but the curriculum is already overcrowded. Most high schools in NZ do have money management as part of a life skills program, but the subject isn't handled in any depth.
@Dalane (691)
• United States
19 Dec 15
This is so true. It is a major failure of education in my country too. I guess the thought was throughout the years that these values are taught in the home. Nothing could be further from the truth.
1 person likes this
@scheng1 (24649)
• Singapore
20 Dec 15
Values should be taught at home, but the fact is that many parents are not good teachers. How can they teach something that they do not know? If parents are in debt, they cannot teach the value of money. If they are renting all their lives, they cannot teach the advantage of home ownership and investment.
1 person likes this