School Lessons You Can Take to the Bank
At Biz Kid$, we’ve made our share of complaints about the lack of financial literacy taught in schools. But the reality is that, while more cut-and-dry money talk in classrooms would be a fabulous development, plenty of the lessons taught by heroic educators do apply to your financial life. Here are a few of the secretly relevant subjects that might surprise you.
Advanced Algebra = Compound Interest
One of the most important lessons of financial literacy is that time is money. The practice of growing money with your money is called compound interest. But calculating compound interest is actually a bit tricky. But guess what? That’s where advanced algebra comes in. Courtesy of Google, here’s the formula for compound interest.
Look familiar? If not, listen to the Biz Kid$ hosts chat about compound interest here:
Addition and Subtraction = Budgeting
Making a budget might sound easy, but sticking to one is a different story. One thing that helps? Being able to calculate the impact of a potential purchase on your budget in real time. By doing some basic subtraction, you might decide against your next impulse buy.
Dive into budgeting basics and more on our Financial Basics page.
Language Arts = Pro Skills
There’s one thing the human race fears more than anything. Can you guess what it is? Public speaking! Those who learn to hone their communication skills have a major upper hand in many entrepreneurial tasks, such as pitching potential customers or investors, writing marketing copy, and building out a website.
Looking for more tips on how to be a pro? Our free How 2 B a Pro worksheet is just the ticket.
Group Activities = Job Practice
In school, group projects teach you the value of working with diverse individuals to achieve a common goal. The friendships you build can turn into valuable connections down the road. Similarly, the business world thrives on connections and relationships. “Networking” can even open doors to potential career paths.
There you have it. Before you think “I never learn anything that I’ll use in real life,” think again. By paying attention to your teachers, you just might learn something that could help you grow your dough and hone your business chops.
