The Reason Traditional Education Will Keep You Broke – Part 1

If you are not going to be a part of the 97 percent of our population that are not going to be able to retire without any significant wealth … in fact broke and dependent on the government or relatives, then you are going to need to do something different from everyone else.

The 97 percent of the people that end up broke, do so because they have fallen for a few myths. They have been taught that there are truths about success that just are not true and so it is not their fault, but the results are just as devastating as if it was all their fault. People are still taught today to find a good school or teacher, get a good education, in order to get a good job and save for the day you can retire and enjoy the quality life. Well lets look at the truth.

Myth 1:
Get a good education and get a good job

Our current education system was developed for a specific reason and during a time of growth for corporate America. As corporations grew, they needed employees and the promise of going to work for a good company and then taking care of you after 20 years of service was a win-win proposition for both the company and the employee. As times changed, the business world became more competitive, employees started shopping for different jobs in a search for upward mobility.

At the same time, companies learned that they could outsource to other countries, they could let senior people go and hire younger and capable employees that would increase profits. And that is the bottom line, isn’t it? More profits?

So the myth of getting a good job based on getting a good education, just doesn’t work today.

Going to school for 4 years in order to have a piece of paper that says you understand how to do a specific task so that a company will hire you as an employee doesn’t have the thrill that it once did.

Many people today have learned that being an employee is not where the truth is and have taken the path of becoming an independent contractor or self employed. While indeed this may be a better path than being an employee where all taxes and expenses are taken out first and you live on what is left over, being self employed had disadvantages as well.

The main disadvantage is time. Whether the self employed person is compensated hourly or by commission, there is a time factor involved and face it, there are only so many hours in a day.

Today the top financially successful people understand that the only way that you become wealthy is to own your own business or to become an investor. In our mastermind groups around the country, we are finding that the top 3 per centers usually do both. Putting a business on autopilot using systems and investing the profits in the market or real estate seems to produce the best results.

If that is true, why is that not taught in school?

Well we just haven’t changed from the old school of thought of getting a good education and getting a good safe job. Well folks… there is no such thing as a good safe job and traditional education is not the path to wealth.

The truth of the matter, it is all about specialized knowledge. Its about learning the principle of wealth creation and wealth management which is not taught in school.