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Thursday, November 11, 2010

postheadericon Doomed to repeat financial mistakes

The American Dream and capitalistic system is based on being a winner. There are many examples today where children are given participation awards instead of blue ribbons for the winner. Look at youth sports in your community that do not keep score, so no one loses. Grade inflation so that lazy students are equal to the hardworking ones. All these ideas are made to boost the esteem of our children, yet it only cripples them later in life. They grow up having not dealt with the hard truth that life is not fair, that not everyone is a winner. What this has done is create a generation of Americans who feel entitled, thinking life will hand them winnings. They truly never grasp how to handle setbacks and later empower themselves to overcome mistakes and bad judgment.

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