There is a list circulating the internet that was supposedly a commencement speech given by Bill Gates to a group of graduating high school seniors. It was actually not Bill Gates that came up with the list, but instead it was the work of Charles J. Sykes, author of the 1996 book “Dumbing Down Our Kids.” Regardless of who the list was written by, there are several good points that need to be repeated!

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Photo Credit: North Texas Kids

Life is not fair. Get used to it. Students frequently complain about something being unfair, but the sooner they accept it, the better off they will be.

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The real world won’t care as much about your self esteem as the school does. It’ll expect you to accomplish something before you feel good about yourself. Teaching your children to persevere through tough obstacles will do wonders for their self esteem in the long run, anyway.

>>Read more: 10 Things To Do With Your Daughter To Improve Her Self Esteem

Some schools may have done away with winners and losers. Life won’t. Some schools may have done away with failing grades, but children need to understand when work is and isn’t acceptable in order to succeed. Failing is a part of life; everyone fails. The tough part is learning how to fail with grace, get back up and try again.

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Photo Credit: Dades Schools

You are responsible for your own mistakes. Many children are unwilling to accept responsibility for their actions, which is encouraged when parents expect the school to raise their children instead of the other way around. Being a friend before a parent can be very tempting, but in the long run, being a parent before a friend will ensure your child’s lifelong success and relationship with you.

Enjoy childhood while you can. Someday you’ll realize how wonderful it was to be a kid. And how much you really miss naps! Youth truly is wasted on the young. ‘Nuff said.

>>Read more: 10 Parenting Truths We Share With Moms Around The World