I hope you had a great weekend! This is Holy Week for those of the Christian faith.
LRPC’s Monday Morning Minute for this week, “Bill Gates’ Rules For Students” (presented below) comes to you courtesy of Charles Sykes. As an independent, objective Registered Investment Advisory (RIA) firm, Lawton Retirement Plan Consultants, LLC (LRPC) has access to research from many sources. Be assured that I will share enlightening, useful information with you each week.
We all need inspiration every now and then. Each month I like to share some words that I feel are uplifting. If you have kids, you will likely find this post very amusing and something you may want to share with them. This is an extract from what has turned out to be a timeless Stanford University commencement speech from Bill Gates (you will note that some of the references are a bit dated — but still appropriate).
Have a wonderful week!
Bill Gates’ Rules For Students
From “Dumbing Down America” By Charles Sykes
These rules were put forth by Charles Sykes in his book “Dumbing Down America”. They have floated through the Internet being attributed to Bill Gates. Most often they appear with 11 rules leaving off three that the original author had written.
Rule No. 1: Life is not fair
Get used to it. The average teenager uses the phrase “It’s not fair” 8.6 times a day. You got it from your parents, who said it so often you decided they must be the most idealistic generation ever. When they started hearing it from their own kids, they realized Rule No. 1
Rule No. 2: The real world won’t care as much about your self-esteem as your school does
It’ll expect you to accomplish something before you feel good about yourself. This may come as a shock. Usually, when inflated self-esteem meets reality, kids complain that it’s not fair. (See Rule No. 1)
Rule No. 3: Sorry, you won’t make $40,000 a year right out of high school
And you won’t be a vice president or have a car phone either. You may even have to wear a uniform that doesn’t have a Gap label.
Rule No. 4: If you think your teacher is tough, wait ’til you get a boss
He doesn’t have tenure, so he tends to be a bit edgier. When you screw up, he’s not going to ask you how you feel about it.
Rule No. 5: Flipping burgers is not beneath your dignity
Your grandparents had a different word for burger flipping. They called it opportunity. They weren’t embarrassed making minimum wage either. They would have been embarrassed to sit around talking about Kurt Cobain all weekend.
Rule No. 6: It’s not your parents’ fault
If you screw up, you are responsible. This is the flip side of “It’s my life,” and “You’re not the boss of me,” and other eloquent proclamations of your generation. When you turn 18, it’s on your dime. Don’t whine about it, or you’ll sound like a baby boomer.
Rule No. 7: Before you were born your parents weren’t as boring as they are now
They got that way paying your bills, cleaning up your room and listening to you tell them how idealistic you are. And by the way, before you save the rain forest from the blood-sucking parasites of your parents’ generation, try delousing the closet in your bedroom.
Rule No. 8: Your school may have done away with winners and losers — life hasn’t
In some schools, they’ll give you as many times as you want to get the right answer. Failing grades have been abolished and class valedictorians scrapped, lest anyone’s feelings are hurt. Effort is as important as results. This, of course, bears not the slightest resemblance to anything in real life. (See Rule No. 1, Rule No. 2 and Rule No. 4.)
Rule No. 9: Life is not divided into semesters, and you don’t get summers off
Not even Easter break. They expect you to show up every day. For at least eight hours. And you don’t get a new life every 10 weeks. It just goes on and on. While we’re at it, very few jobs are interested in fostering your self-expression or helping you find yourself. Fewer still lead to self-realization. (See Rule No. 1 and Rule No. 2.)
Rule No. 10: Television is not real life
Your life is not a sitcom. Your problems will not all be solved in 30 minutes, minus time for commercials. In real life, people actually have to leave the coffee shop to go to jobs. Your friends will not be as perky or pliable as Jennifer Aniston.
Rule No. 11: Be nice to nerds
You may end up working for them. We all could.
Rule No. 12: Smoking does not make you look cool
It makes you look moronic. Next time you’re out cruising, watch an 11-year-old with a butt in his mouth. That’s what you look like to anyone over 20. Ditto for “expressing yourself” with purple hair and/or pierced body parts.
Rule No. 13: You are not immortal
(See Rule No. 12.) If you are under the impression that living fast, dying young and leaving a beautiful corpse is romantic, you obviously haven’t seen one of your peers at room temperature lately.
Rule No. 14: Enjoy this while you can
Sure parents are a pain, school’s a bother, and life is depressing. But someday you’ll realize how wonderful it was to be a kid. Maybe you should start now. You’re welcome.
Lawton Retirement Plan Consultants, LLC (LRPC) Monday Morning Minute is crafted to provide decision-makers with important information about the economy, investments and corporate retirement plans in a format that allows a reader to consume the information in less than 60 seconds. As an independent, objective investment adviser, LRPC has access to many sources of research and shares the best and most relevant information with its readers each week.
Lawton Retirement Plan Consultants, LLC is a Milwaukee, Wisconsin-based independent, objective Registered Investment Adviser (RIA) providing investment advisory, fiduciary compliance, employee education, provider management and plan design services to retirement plan sponsors. The firm currently has contracts in place to provide consulting services on nearly $475 million in plan assets. For more information, please contact Robert C. Lawton at (414) 828-4015 or firstname.lastname@example.org or visit the firm’s website at http://www.lawtonrpc.com. Lawton Retirement Plan Consultants, LLC is a Wisconsin Registered Investment Adviser.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance, tax, legal or investment advice. Each plan has unique requirements and you should consult your attorney or tax adviser for guidance on your specific situation. In no way does Lawton Retirement Plan Consultants, LLC assure that, by using the information provided, a plan sponsor will be in compliance with ERISA regulations. Investors should carefully consider investment objectives, risks, charges, and expenses. The statements in this publication are the opinions and beliefs of the commentator expressed when the commentary was made and are not intended to represent that person’s opinions and beliefs at any other time. The commentary does not necessarily reflect the opinion of Lawton Retirement Plan Consultants, LLC and should not be construed as recommendations or investment advice. Lawton Retirement Plan Consultants, LLC offers no tax, legal or accounting advice and any advice contained herein is not specific to any individual, entity or retirement plan, but rather general in nature and, therefore, should not be relied upon for specific investment situations. Lawton Retirement Plan Consultants, LLC is a Wisconsin Registered Investment Adviser and accepts clients outside of Wisconsin based upon applicable state registration regulations and the “de minimus” exception.