Coach’s Corner: Financial Savvy: Make It a Priority
By Ed Poll, Esq.
Principal, LawBiz® Management
We should aspire to be more than averageâperhaps in everything, but, in particular, in terms of financial savvy.
Law schools certainly do not devote enough attention to the practical side of being a lawyer. Itâs fineâwonderful, in factâto graduate students with knowledge of the particulars of law. However, itâs not so fineâthe opposite of wonderful, in factâif those same students become exceptional lawyers but canât manage to make a living because they donât know how to run a business.
A report issued by the Organization for Economic Cooperation and Development (OECD), noted a recent Associated Press (AP) story, found that American teens scored smack-dab in the middle of a group of countries in a test of money management. Out of the eighteen countries, the United States ranked ninth, with a below-average score. Shanghai, China, teens topped the chart with their financial intelligence.