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Our Schools are teaching the Wrong Things

By Eric Medemar

Real Estate Agent with Midwest Properties

September 22, 2007 10:02 AM

About the author:Eric Medemar is a Investor/Wholesaler from Grand Rapids, MI. Eric is the author of The Ultimate Real Estate Bird Dog System, a great way to start earning while learning real estate investing. Eric has several other real estate courses available on line including Real estate wholesaling 101 an introduction to wholesaling real estate, or check out Eric's blog at The Real estate wholesaling Guide

Our school system is turning out credit flunkies. We need to start educating our kids about credit. Think about it for a moment. When was the last time you used the pythagorean theorem, or that you had to know the area of a circle. This is the stuff that our school systems are teaching our kids to prepare them for life after high school. Chemistry, do not even get me started with that! I know about two things from having three semesters of chemistry. H2O is water, and sodium blows up when you put it in H20. Three semesters of my time to learn something that I could have done without.

I would like to see our schools teach children about credit, the time value of money, and how to invest wisely. Instead, the life a college freshman looks something like this:

Day 1- Arrive on campus only to be bombarded with credit card offers. The clever freshmen unknowingly decides to give up their credit for a free coffee mug with the university logo on it.

30 days later-The bill arrives for the fake money. The clever freshman decides to rebel because there are no parents around anyway, nobody can make them pay.

60 days later-Another bill arrives this time with a note stating that there will be a $80 fee, and that they may be sent to collections. The clever graduates blows off the whole thing in one last rebellion against the society that has held them back for so long.

Real Estate Wholesaling is one of the quickest and easiest ways to make money as a real estate investor. Wholesaling real estate requires no cash, no credit and above all No need for risk. I have developed this system so that anyone who would like to learn how to make an extra $5,000-$20,000 real estate wholesaling will have an opportunity to do so.

www.UltimateWholesalingSystem.com is where you can find my Entire real estate wholesaling course. This real estate wholesaling system takes you step by step through the real estate wholesaling process.

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Jeff Turner

RealSatisfied - Santa Clarita, CA

I could not agree more. We're missing a huge opportunity to catch kids before they find themselves saddled with tons of consumer credit card debt. The canadian dollar just equaled the US dollar for the first time in 30 years... the culprit, our national debt. We have to get it under control and it has to start with education.

Sep 22, 2007 10:07 AM

Valarie Grisham

Keller Williams - Lake Stevens, WA

Eric- This is so very true. I was one of these kids in college. Away from home for the first time. I think they should start teaching kids about money at a very young age. Although I think it needs to start at home, unfortunatly many of the parents are not in a situation that they know about good spending habits either. We know we learn our spending habits from our parents. Just my 2 cents.

Sep 22, 2007 10:15 AM

Darrel Quebedeaux

Evergreen Realty & Associates Inc. - Newport Coast, CA

Credit management is just one of the many things our schools fail to teach. How about responsibility, caring for your neighbor, giving someone a hand when they are down or you don't have to cheat to win?

Sep 22, 2007 05:46 PM

Tracy Nicole Hamilton

Elk Grove, CA

Realtor - Elk Grove CA, Sacramento, CA

Hi have to second Darrel's comment. I do not see the current school curriculum being designed to produce WELL ROUNDED individuals.

Sep 22, 2007 07:04 PM

Theresa Sprindis @ Keller Williams Cherry Hill, NJ

Keller Williams - Cherry Hill - Maple Shade, NJ

Very true. I guess I was very fortunate that my parents explained this to me early on. I see so many of my sellers stuck because they need to clear extra money for the credit card bills.

Sep 22, 2007 07:25 PM

Ethan Dozeman

Realty Executives Platinum Group - Grand Rapids, MI

Real Estate in Grand Rapids

Eric, I know it wasn't a post on failed schools, but I understand the frustration of us trying to teach about credit and money and such. Great read...

Sep 23, 2007 02:10 AM

Mike Klijanowicz

Cummings & Co. Realtors - Perry Hall, MD

Associate Broker @ Cummings & Co. Realtors

Here is a trick, as soon as you child is born, add them to your credit card as an authorized card holder and as long as you keep your credit clean and your score high, you will be amazed where they score at 18!

Sep 23, 2007 10:05 AM

Wendy Smith

Wendy Smith Real Estate - Clearwater, FL

Real Estate Advisor

You make some very good points - our schools continue to drill our children with lessons they will not carry past high school or college - Life lessons regarding money management and the value of good credit will have to be taught by parents.

For my daughter's 16th birthday she got a credit card with her name on it. She is responsible for paying the balance in full every month. Her friends have said things like "gosh you have a credit card! I'd go on a shopping spree" or something similar.

We are a credit driven society. Money management is one of those critical lessong that we as parents cannot trust the school system to teach.

Sep 23, 2007 01:28 PM

Our Schools are teaching the Wrong Things

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