Untrained - Unimpressed

Hard work and discipline were phased out as they were taken for granted in that business world. When these traits went unemphasized, their manifestations faded in the education system. Too many college students lack the steel foundation of service, skill, and sense to survive in a competitive work environment. They have knowledge, but no work ethic to implement it practically, or even the wisdom to recognize and accept correction when it is given by an employer.

Lesson one of economics - People respond to incentives. When an action has a painful cost, future instances of that behavior are discouraged. When an action has benefits attached in its consequences, that line of activity brings motivation. If the errant child transgresses in its actions, nip it in the bud - gently, but firmly. Replace it with a different course of behavior, one that will serve it well. Respect is earned over time, and love is shown through the patience of this process. Remember that you once were also a child and set an example by being the kind of person you want your child to become.
"Train up a child in the way he should go: and when he is old, he will not depart from it." - Psalms 22:6

Lesson two, short term and long term benefits are almost always inversely related. If you set aside a portion of your short-term income, you will have greater savings in the long term. Similarly - If you sacrifice a time and effort in the raising of a child, that training will bear fruit in the future development of a child.

"Bear ye one another's burdens, and so fulfil the law of Christ.For if a man think himself to be something, when he is nothing, he deceiveth himself. But let every man prove his own work, and then shall he have rejoicing in himself alone, and not in another. For every man shall bear his own burden. Let him that is taught in the word communicate unto him that teacheth in all good things. Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap. For he that soweth to his flesh shall of the flesh reap corruption; but he that soweth to the Spirit shall of the Spirit reap life everlasting." - Galatians 6:2-8

Thirdly, The cardinal rule of accounting - "For every credit, there is a debit" or for every cost incurred, there will be a payment. If you live a life of spending above your income, there will be a painful reckoning. You can't give what you don't have, and if challenged, you may be forced to lose all you do have to settle accounts. Tangent in short - Don't expect miracles in your child's development, teach them what you do know, and be willing to learn from your mistakes. In every stumble, there is a lesson, a pitfall to avoid - use your experience to condition your child to thrive even in difficult situations. Take responsibility for your role as your child's guide, don't place them along an unfamiliar road and blame them for failing.

Endnote - I am not attempting to blame public schools exclusively, for there are homeschooled children I have met without even the order and schedule of the public sector. Public schools are useful, but are not substitutes and end-alls that are responsible for a child's growth into an adult.