8. Research

Nobody can be expected to know everything, or even a tiny fraction of everything. Even within your field, chances are there’s far more that you don’t know than you do know. You don’t have to know everything – but you should be able to quickly and painlessly find out what you need to know. That means learning to use the Internet effectively, learning to use a library, learning to read productively, and learning how to leverage your network of contacts – and what kinds of research are going to work best in any given situation.

9. Relaxation

Stress will not only kill you, it leads to poor decision-making, poor thinking, and poor socialization. So be failing to relax, you knock out at least three of the skills in this list – and really more. Plus, working yourself to death in order to keep up, and not having any time to enjoy the fruits of your work, isn’t really “success”. It’s obsession. Being able to face even the most pressing crises with your wits about you and in the most productive way is possibly the most important thing on this list.

10. Basic Accounting

It is a simple fact in our society that money is necessary. Even the simple pleasures in life, like hugging your child, ultimately need money – or you’re not going to survive to hug for very long. Knowing how to track and record your expenses and income is important just to survive, let alone to thrive. But more than that, the principles of accounting apply more widely to things like tracking the time you spend on a project or determining whether the value of an action outweighs the costs in money, time, and effort. It’s a shame that basic accounting isn’t a required part of the core K-12 curriculum.

I can’t speak for schools outside the United States, but for those readers who went to school in America, I think you’ll agree that the American education system is in sore need of an upgrade. The world is changing at such a rapid pace and it’s my strong opinion that there should be more classes dedicated to helping students prepare and cope with the real world once they graduate.

If you look at this generation of students, you’ll find that most are “shell shocked” once they graduate because they had little or no preparation for what was to come.

High school mostly teaches you to memorize information and to regurgitate it back to your teacher, only to completely erase the information from your mind the moment you walk out after taking the test.

When you go on to college, you do a bit of the same things, but you also learn to think analytically, critically, and to broaden your mind so to speak, but even people who graduate from college will learn lessons from the real world the hard way as well. The sad part is all of this could’ve been prevented with some proper education beforehand.

Below are five things that I firmly believe should be taught in every school in America so that students don’t get railroaded when they enter the real world. If you’re still in school and reading this, consider it your lucky day as mastering these five skills will give you a great head start and help separate you from the rest of the pack as well.

#1. Personal Finance

Every week or so, there always seems to be a new article in CNN, USA Today, or Yahoo about young adults struggling with debt, whether it be from credit cards or loans in general. High interest rates, hidden fees, not consolidating debt – these terms and concepts are mostly unknown to young adults and because of that ignorance, they tend to make big errors in judgment. A prime example is thinking that they just have to pay the minimum on their balance and not realizing that by doing so, they pay 2-3 times as much in the long run.

Alongside that, most young adults don’t have a clue on how to invest their money. They don’t know what a Roth IRA account is, or a 401k, or the magic of compound interest, the tax benefits associated with investing in these types of vehicles, etc. There’s a lot of specialized knowledge out there that young adults are not aware of on when it comes to how they can invest their money and as a result, they frivolously spend it away.

Credit score is another big thing. A lot of young adults don’t bother to check up on it to make sure there are no errors with it. Your credit score is your report card in the real world and it comes into play when you’re buying a car, renting your first apartment, and even when you’re getting a job (most employers are now checking credit scores to determine how responsible the candidate is). Protect that at all costs. Learn what drives your credit score down. Learn what drives your credit score up. Check up on it every now and then to ensure nothing is wrong with it.

Even something as basic as creating a simple budget is beyond the grasp of some young adults and it simply amazes me that a lot of people don’t do this and some don’t even know how (you’d be surprised). Figure out your income after taxes, pay yourself FIRST (this is a big one – most people pay the bills and frivolously spend the leftovers until next payday), see what you can cut out if things are tight, look to see where you can bring in more income if you need to do so, etc.

Another important subset regarding personal finance are those “intangible” things, such as learning to differentiate between need and want, delaying the gratification, and having an inner sense of value. These concepts can’t be taught in the classroom but only taught through oneself via self discipline.

We live in a materialistic society where unfortunately, many young people grow up with the “have” then “be” mentality.