11 Rules for life by Bill Gates:

1. Life is not fair - get used to it (I say this constantly to my children and my Mom said it to me:)
2. The world won't care about your self esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.
3. You will not make $60,000 a year right out of school. You won't be a vp with a car phone until you earn both, (except that nearly every child seems to have the cell phone already and I doubt they've earned it or even pay for it...)
4. If you think your teacher is tough, wait until you get a boss.
5. Flipping burgers is not beneath your dignity. Your Grandparents had a different word for flipping burgers; they called it opportunity.
6. If you mess up, it's not your parents fault, so don't whine about your mistakes, learn from them.
7. Before you were born, your parents weren't as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you think you are. So, before you save the rain forest from the parasites of your parent's generation, try delousing the closet in your own room.
8. Your school may have done away with winners and losers, but life HAS NOT....
9. Life is not divided into semesters. You don't get summers off and very few employers are interested in helping you FIND YOURSELF. Do that on your own time.
10. Television is NOT real life. In real life people actually have to leave the coffee shop to go to jobs. (Am I sensing a reference to "Friends" which probably means this was meant for people my age when first spoken at a HS graduation - I didn't have a cell phone :)
11. Be nice to nerds. Chances are you'll end up working for one.

Wonder how the president would break this one down. Life isn't fair President Obama and America was built on capitalism not socialism...