![]() Rich dad’s education understood my context and gave me the financial education I needed. I wanted to understand money and be rich. He thought we were playing a pointless game. My poor dad didn’t understand the importance of context. When rich dad taught us this, he didn’t yet have his own hotel, but later in life, following the same formula, he landed one on the beach. This is how I learned the importance of investing in assets and then using the wealth generated from those assets to buy even larger assets. He passed along the simple formula for wealth: four green houses, one red hotel. Rich dad turned playing Monopoly into an education opportunity. He always told me, “Go read a book.” I didn’t care to read books, but I did love games. My educated poor dad never had time for games. My rich dad taught me this when he started playing Monopoly with me and his son. The other context gives me financial smarts. For that I need to find other teachers and mentors. It is not the right context for that education. However, if it is my desire to learn how to start a business, invest like a pro, and grow my money, I will not learn that in college. For instance, if it’s my desire to gain a lot of head knowledge and to be a good employee, I can gain those valuable skills and insights with a higher education. But “go to college” is one of those things people point at as a way of being successful without ever stopping to think if it’s true.Įvery context must be taken into account. Going to school doesn’t make you financially smartīecause I’m outspoken against the school system, I’m often accused of being anti-education. That’s a myth, and that’s why it is the first Rich Dad Scam I’ve identified in this series. ![]() The point is that you don’t need a good school in order to be successful. There are many people who become successful after going to good schools. The point, of course, isn’t that going to a good school prevents you from being successful. Don’t believe me? Take a look at this list of 50 extremely successful people that never finished school. Indeed, my own research on this and reality itself, reflect the truth that higher education is a scam. I took my rich dad’s advice, and from a very young age, I learned that the promise of higher education-going to a good school for success-was one of the biggest scams around. ![]() If you want to be rich, don’t count on school.” Rich dad said, “School teaches you to be an employee. Yet he was very rich and successful, eventually building a real estate empire complete with a hotel on the beach. He had to drop out of school in order to help run his family business, which started as a local store. My rich dad, on the other hand, didn’t have a college degree. The problem was that even though my poor dad was one of the most educated people I knew, he was always complaining about money and how unhappy he was with his work. He had multiple advanced degrees and was the superintendent of the Hawaii school system. He felt that was the best way to get a good job. When I was young, my poor dad always told me the best path to success was to go to school. The first one we’ll explore is the age-old platitude of, “Go to a good school.” The “good school = success” scam This is the first in a series of posts where I’m going to explore the scams that most people never know about. And sometimes we don’t know we’re being scammed at all because we’re conditioned to think from the cradle that something is the best and right advice for living. Sometimes we don’t spot them until it’s too late or they make a mistake, like with Bernie Madoff. Most of the time we can spot them, like those emails that promise us millions if we’ll just give away our bank account numbers. ![]() There are all sorts of scam artists in the world. Why getting a higher education won’t mean living the good life ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |