RE: The principles of Finances should be done practical rather than theoretically.

We just studied non stop with zero knowledge of what we were getting ourselves into

That's a great point. It was like we were supposed to study really hard and get excellent grades, and that would be it for our lives; the degree we had would be the answer to everything we wanted. But the reality is that now there are many people with master's degrees and PhDs who can't find jobs and who, unfortunately, didn't know how to manage their money when they had it available and are now in trouble.