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Education Is Good, But What Kind?
Education is good. It is good in a different way and for different purposes than you might have thought. College is necessary. It is needed for the advancement of technology, humanity, and to make sure we live like humans. There is no better indicator of societal advancement than the level of education the masses receive.
The conventional wisdom that investing in a college education is the best way to guarantee a better financial future is true. But here is the biggest problem with a college education:
No matter what you go to college for, you won’t learn to be financially independent, and you won’t learn how to make money.
Even medical doctors are being sent out to start their own practices without having more than a few hours of instructions on how to actually run their practice so that they can enjoy it and make money in the process. As a result, there are quite a few medical doctors whose practices don’t make it in the market economy.
In college, you won’t learn money management, financial freedom, financial intelligence, and business savvy. What you do learn is how to become a highly functional “ant” in the job-based economy of the western world. We learned about finance in theoretical concepts that had absolutely no application to making money for ourselves. We were taught about micro- and macroeconomic concepts of how national economies compete against each other. With all that, however, we did not learn much at all about how we could take these concepts and make money with them on our own.
That’s why I say that school is the worst place to go to learn how to make money. They don’t teach you what you need to know about that subject.
You need education that you can actually apply, that helps you succeed in life—particularly financially. You need an education that teaches you how to deal with money. I’m not talking about just any type of education; I am speaking of a specific kind of education.
If you want to be financially successful, you must learn:
If you are the entrepreneurial type and want to start a full-blown business, you also need to educate yourself on:
When you have that kind of education, even just the first part of the list I just gave you, you are prepared to take advantage of opportunities when they present themselves. Unfortunately, this kind of knowledge is not being taught in a “regular” college. But you can find it. You can learn it.