Despite the proposal creeping up numerous times by so many people over the years, there has never been a solemn attempt to include personal finance as an integral part of the high school curriculum. There is no doubt that personal finance has always been an integral part of our daily lives. Children will have more command over their finances if they grow up acquiring knowledge about personal finance while in school.

These days millions of children leave school without any knowledge of personal finance. Even, many leave the University without a single class on the banking and fractional banking system, function of the Federal Reserve, currency devaluation, compounding interest and mortgage interest. It is really awful that the education system has now become a platform for job rather than proper knowledge and entrepreneurship.

It is quite evident that some fundamental things are wrong within the system. A question might arise that in whose interest the government is not employing personal finance education in schools. Again best-selling personal finance and business author, Angie Mohr says, “At the beginning of another school year, we find once again that our kids are learning more about theory and less about practical financial concepts. Our kids can explain the Pythagorean Theorem but can’t make change from a $20 bill. They can memorize passages from Shakespeare but don’t know how to compare the value of two items in a grocery store.”

However, as a single optimistic step toward implementing personal finance education as an integral part of our education system, President Obama has declared April Financial Literacy Month after witnessing years of personal finance decline.

It is obviously a good sign that President Obama has declared April Financial Literacy Month. However, that is not going to solve the whole lot. There are still some robust steps need to be taken to ensure personal finance classes for teens about how to mange their money.

The Federal government and the state machineries should jointly take initiatives to ensure compulsory teaching of personal finance in the States. Further, the parents should also be aware of the importance of personal finances in their children’ life. If parents compel the local schools and state governments to take positive steps in this regard, there can be a positive outcome. The government must be compelled by showing examples of the poor condition of the economy and the tearing consumer-debt that resulted from the lack of knowledge of personal finance among common people.

However, some pioneer schools have already started to figure out personal finance as a subject to be taught to teens. According to a study by the national Council for Economic Education in 2009, 13 states are required at least one semester of personal finance instruction (see the requirements in your state).

Now it is time for other states to include personal finance education into their core curriculum. Further, according to a June 2010 Capital One study, 45% of high school graduates are even not ready to manage their money after their graduation.

Author’s Bio: Patricia Briggs is a guest columnist, blogger, author for various websites and communities including Oak View Law Group, CCHFA, CSCDA etc. She has completed her Post Graduation in Social Welfare from California University and is currently working with a reputed bank located in California. She loves to write articles during her free time especially on topics like bankruptcy, debt settlement services, investment opportunities, monetary policies, etc.

One of my earliest childhood jobs involved shoveling manure at my uncle’s dairy farm in upstate New York. Things were going well until my uncle explained that no matter how well I performed, I would never be promoted to farmer. Or even cow. I had hit the manure ceiling.

I consider that experience my first economic stimulus package—the unwelcome realization that my current job was a dead end. While my classmates were building snowmen with carrot noses (mostly the girls) and carrot genitalia (mostly the boys), I started to do some serious career planning about how to get out of the fecal relocation profession and into the warm embrace of a loving corporation. I studied hard, and I earned money for college by mowing lawns, shoveling snow, shoveling even more manure, and (my personal favorite) shoveling frozen manure covered with snow. I saved my meager funds, and with the help of my parents, who both took extra jobs, plus a few scholarships, I clawed my way into college.

Years later, my dream came true. I got a job with a large bank, and I never again needed to shovel manure. Corporations use something called PowerPoint instead. Thanks to my farm training, I was so good at designing PowerPoint slides that my coworkers called me “The Natural.” Jaws dropped when I introduced my signature move: the frozen PowerPoint slide with snow on top.

In those days, I was a furious bundle of ambition and determination. The old-timers told me I had a “rocket strapped to my ass.” All I needed to do was get my “ticket punched.” It wasn’t long before I was able to enjoy my second economic stimulus package: bad management.

Though most of my immediate bosses were entirely reasonable and competent, the organization at large was riddled with hamster-brained sociopaths in leadership roles. Surely, I thought, this must be a problem that exists no place else on Earth. Otherwise we’d all be living in caves and holding long meetings on the feasibility of using sticks as stabby things.

One day, a position opened above me, and I was the most obvious candidate to fill it. My boss called me into her office and said she had some bad news. She explained that the media was giving our company a lot of heat because almost all of our managers and executives were white males. Promoting me, she explained, would only make things worse. I asked how long I might need to wait for all of this to blow over. My boss was vague, but she said the timeline involved smoothing out the effects of two centuries of corporate discrimination.

I decided to jump ship and go where my talent and hard work would be rewarded. I took a job at the local phone company and soon discovered, to my horror, that banking was not the only industry in the world managed by hamster-brained sociopaths. Once again, my immediate bosses were quite capable, but interacting with other departments was like being the last human in Zombieville and trying to buy groceries at dusk. Still, it was marginally better than shoveling manure, so I doubled down. I finished my MBA classes at night and distinguished myself as an up-and-comer.

One day my boss called me into his office and explained that the media was giving the phone company a lot of heat because almost all of the managers and executives were white males. So, he explained, promoting me would only make things worse. You might say that was the day that the “Dilbert” comic strip was born, although I had not yet drawn one. Let’s call it a tipping point. From that day on, I considered myself an entrepreneur. All I had to do was figure out what business I was in. The phone company was willing to pay for almost any sort of semi-relevant training or education that I was willing to endure. It was like an accidental school for entrepreneurs. From an economic viewpoint, I was in exactly the right place, with exactly the right amount of career discomfort.

I wasn’t suffering alone. Many of my co-workers already had active side businesses and ambitious expansion plans. The guy in the cubicle behind me was running a concert equipment rental business. Across from me was a guy running a computer tech support business. We had Amway dealers, Mary Kay sales people, inventors, authors and just about any other business you can imagine. That’s not counting all of the business plans in the incubation phase. I think we all understood that working in a cubicle and being managed by Satan’s learning-challenged little brother was not a recipe for happiness.

The way I describe it may sound pessimistic, but consider the alternative. Imagine a parallel universe where employees enjoy going to work. They feel empowered and fulfilled—so much so that they don’t care about the size of their paychecks and never want to leave their jobs. That’s exactly the sort of nightmare scenario that would destroy the economy. The last thing this world needs is a bunch of dopey-happy workers who can’t stop humming and grinning. Our system requires a continuous supply of highly capable people who are so disgruntled with their jobs that they are willing to chew off their own arms to escape their bosses. The economy needs hamster-brained sociopaths in management to drive down the opportunity cost of entrepreneurship. Luckily, we’re blessed with an ample supply.

To put it in plainer terms: The primary purpose of management is to kill any hope that staying in your current job will work out for you. That sort of hope is like gravel in the engine of progress. The economy needs workers who are fed up, desperate and willing to quit their jobs for something better. Remember, only quitters can be winners, because you can’t do something great until first you quit doing something that isn’t.

You see this same dynamic with countries. The United States is a nation founded by people who couldn’t stand the leaders of their old homelands. I’m no geneticist, but I suspect that the “screw it, I’m out of here” attitude can get passed on. We’re probably the most disgruntled, self-loathing, hard-to-satisfy people on Earth. It’s no wonder our GDP is awesome.

Israel is another perfect example. The entire nation is full of people who were displeased with their last situation. And Israel’s economy is one of the most vibrant in the world. If every Israeli became satisfied at once, they couldn’t keep the lights on for a week.

I have always assumed there’s a correlation between imagination and risk-taking. You wouldn’t leave an unpleasant but relatively safe situation unless you could imagine a better outcome. So the people who leave a company first tend to be the visionaries who can best imagine entrepreneurial success. The last wave of people who leave are usually excreted just before the door is chained. They didn’t imagine it would happen so soon. Bad management is how imagination gets wings.
—Scott Adams is the creator of ‘Dilbert.’

I hate copying and pasting the entire article, but I thought it was very good and very well done. Anyway, the last paragraph got me to thinking about leaving my current job. Now, before anyone goes nuts let me be clear – I like my current job, I like the work that I do, I like the fact that my company (which is a nonprofit) helps pick people and communities up when they are down, etc. I also like teaching and I like being able to do that as a side business. Over the last 5 years, I’ve had some ups and downs with the website company, but I generally enjoy working on the websites. So I’m happy when it comes to my incoming-generating professions. However, I don’t like the fact that ten hours out of my day are spent at my day job (an hour to commute to Trenton, eight hours in the office, and then an hour back home if there’s no traffic). Frankly, that’s too much. Sure, I get to work from home on Fridays but it’s not enough.

And that last paragraph got me thinking about how I could remove my day job from my life and ultimately spend my time doing what I want to do. Reaching that level of freedom would take a lot of work. It would take a lot of financial planning and paying off my remaining student loan debt (which I can clearly accomplish as we’re seeing with my existing student loan repayments). Reaching that level of freedom would require me to finish up my commitments to my fraternity’s Foundation and then not run for re-election in 2012, which I’ve already made my decision on (I’m not running for re-election to the Board of Trustees). And to some degree, reaching that level of freedom would require that I continue to spin off some of my third party clients with my website company, which I plan on doing anyway.

And what do you have left? You have a guy with a good financial cushion, no debt, no major outstanding commitments… you have freedom. That’s what I’m going to begin reaching for in the next few years. Granted, it’s a multi-faceted goal that would require more than just leaving my current job. And who says I have to leave my current job in the end? Why not make my current job an offer to reduce my work schedule from 5 days each week to 2 days? There are endless possibilities.

However, after some meager financial projections, we’re talking about reaching a level of freedom that would likely take some 3 – 4 years of planning and pursuit.

I’m game.

Faced with an unemployment rate of 16 percent for 20- to 24-year-olds, a growing number of recent college and grad-school graduates are launching their own companies, according to anecdotal evidence from colleges, universities and entrepreneurship programs around the U.S.

I love it. When certain people can’t find jobs in this job market, they don’t go and run to the government for help nor do they cry poverty and complain about not being able to make ends meet before it is too late. Instead, they open up their own companies and give entrepreneurship a try. Outstanding!

This push toward entrepreneurship among young people is likely to continue as employers plan to hire 7 percent fewer graduates from the class of 2010 than they hired from the class of 2009, which saw a nearly 22 percent drop in hiring from the class before, according to a recent report from National Association of Colleges and Employers.

The job market really is a mess out there. Thankfully, I’m in a job that I believe is pretty secure and I’m holding a position that I believe is essential to my company’s short and long term success. I’m also thankful that I worked diligently in the last few years to receive a great education and to establish additional streams of revenue outside of the paycheck that I receive from my day job. Sure, it means that I work late some nights when the college semester is in session and it means that other times when I’d rather be relaxing (i.e. when I’d rather be lazy), that I have to grade papers or sign in to an online teaching environment, but that’s okay with me.

Much like the people that the article above talks about, I’ve taken a no bullshit stance towards making sure that my future is secure. I hope that 2010 proves to be as good for me as 2009 was in terms of working my plan for financial freedom and professional success! You’ve got to go out there and make things happen!