I have just identified 12 future clients

I heard a story recently that speaks a lot to the state of money education today. The story goes like this. 12 high school seniors were failing their high school Economics class, and were in danger of not graduating on time. They (or their parents) went to the high school guidance department to see what could be done. The guidance department pulled the students out of the class they were failing, and set the kids up at a local tutoring business, and two weeks later the kids passed high school econ and are able to graduate. One kid had a 10 percent in the high school class, but ended up getting an A on his transcript due to this special exception. There are clearly many things wrong with this, and I will now point them out.
1. I am sick of parents bailing their kids out of stupid situations. I see it everyday, but usually it is on a financial basis.
2. The Econ teacher got completely railroaded. His job is to teach the basics of economics. The kids didn't put forth an effort in his class because they were lazy. He was essentially told that his hard work doesn't matter, because education now has loopholes.
3. The school wants higher graduation rates, but what they actually are getting are stupider, lazier students.
4. I loved high school econ. Mr Ewing, my teacher, was awesome, and I still apply the concepts I learned from him. I flourished in his class despite the fact that I stared at the pretty girls in my class instead of his aging face.
5. If the parents of the kids allowed them to fail, then a lesson would have been learned. As it stands, no lesson was learned. The kids will do the same thing again, but next time it will be something like college credit card debt.
I would love to hear if you agree or disagree. I just hate seeing stuff like this. I know that they will lead sub par financial lives.


I totally agree. I think parents feel that if they let their children fail, then they in turn have failed as parents; however, one of the best lessons for children to see is that no one is perfect and life is full of obstacles. Children, parents, athletes will never succeed if they don't learn from their failures.
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If you never fail, you rarely ever learn anything. I think parents "want" to believe they are protecting their children, but in reality it is a selfish pride issue--the child's failure, in their minds, is a reflection on themselves...
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