9 Reasons why Many Educated People Are Poor

9 Shocking Reasons Why Many Educated People
Are Poor Why are so many people poor, even after having
many degrees? In this video we’re going to be sharing
with you 9 reasons why so many people who are educated are still very poor. Reason No. 5 is the most important so try
and watch this video till the end. Reason No. 1
Many educated people are poor because financial education isn’t given in schools. Wait a moment and think about it, each time
we mention education, the first thing most people think about is school and whenever
we think about school we assume that school should teach children everything necessary
about life. Uhhhmm, the opposite is the truth. Take for instance, you can be a medical doctor
and really know a whole lot of things about medicine, or be a lawyer and know everything
about law profession, unfortunately, that doesn’t mean that you know anything about
money. In fact, you can be an accountant who presses
calculator to calculate millions of dollars, again, that doesn’t mean you know anything
about money. Hahaha.. The reason why most professionals don’t
know much about money is because school wasn’t design to give education about money and it
doesn’t matter how long or how many years or how many degrees you get in a formal educational
system, am sorry, you may know nothing about money. And because you know nothing about money,
you may be dead broke, even with 5 degrees. What’s the way out? Get financial education by reading good books
or listening to good audio training about money. Reason No. 2
Second reason why most educated people are poor is because most people become uneducated
immediately after college. What exactly do you think education is? For so many people in the world, education
is that degree they go and get at the Harvard. For so many others, education is their certificate
and degrees. Don’t tell anyone! Education isn’t what you get in the classroom. Education is what you get every day of your
life. A truly educated man is that man who learns
every day. Education is like food and as necessary as
water. If we wake up every day to take oxygen, to
eat and to drink, then we should get education every day. Now, this is not the case for so many people
because immediately after their first degree, they don’t learn anything meaningful anymore
as they believe they are already educated. Because this people don’t take time to learn
new things, they are not likely to come across knowledge necessary for them to create wealth. What’s the way out? Start seeing education as you see water. Water isn’t what you drink one time in your
life time, water is what you drink every day of your life. Reason No. 3
Many educated people are poor because the more time you spend in school, the more you
are likely to love job. Let’s face it, because school was design
to train you how to be an employee, the more time you spend in that four walls, the more
you’re likely to love job. Because job doesn’t give you leverage to
create wealth, the more you love job, the less you’re more likely to be poor. In a simple math, loving job simply means
you are going to work for the rest of your life with a single brain and with two hands
and nobody in the world create wealth that way. Truly wealthy people are people who could
work with ten, twenty, fifty brains and more and unfortunately no job allows you to do
that. So because you cannot work with hundred hands,
or work with fifty brains, you don’t have the leverage that other people like entrepreneurs
have in creating wealth. What’s the way out? While everyone cannot be entrepreneur, everyone
can get financial education, learn and master the art of investing, so even if you’re
an employee, you can learn about money and investing, invest properly and be financially
independent. Reason No. 4
The forth reason why many educated people are poor is because so many people who believe
they are educated are actually arrogant. So many people, because they have degrees,
tend to believe these other guys who dropped out of the college or this other guy who didn’t
finish high school doesn’t know anything. In this case, they are not humble enough to
listen or learn. What most arrogant people don’t know is
that young people, no matter the level of their formal education, are the ones who know
where the world is going. And for few of the young people who really
know what they are doing, they know so much about so many things that older generation
don’t know. Look at the internet for instance, so many
people who are 50 years old don’t really understand anything about how the internet
works or how they can use it to create wealth. While on the other hand, an average 17 years
old guy knows so many things about the internet and many of them are building wealth, right
from their homes, using the power of the internet. Do not be unnecessarily arrogant because you
think you have degrees. Many young people who never go to college
are building unbelievable wealth, using modern technologies and the internet. Be humble and learn from the next generation. Reason No. 5
The fifth reason why many educated people are poor is because so many highly paid people
buy a lot of liabilities. You see it everywhere. A guy who earns seventy thousand dollars a
year thinks he’s rich. Most expensive smartphone, latest cars, the
biggest TV set, the most expensive cloth and shoes, wristwatches and vacations. Listen people. The amount of money you earn doesn’t matter
as much as the amount you invest into your future. Reason No. 6
The sixth reason why so many educated people could be poor is because many highly educated
people do lose their jobs. In today economy, it doesn’t matter how
much education you have, it doesn’t matter how much degrees you have, anything can happen,
then you lose your job. Now, this is not to say people don’t lose
their businesses. Every now and then people lose their businesses
too. But when you compare the possibility of losing
your business to the possibility of losing a job, then you are going to see the difference. An employee’s job depends on the decision
of another man while an entrepreneur is in control of his job. While unexpected disaster and situation could
cause an entrepreneur to lose his business, most at times, because these guys created
their businesses from the scratch, they know how to start all over again, while the other
guy who has a job has only the option of going out there and look for another job, which
in this case he may not get a job as good as the one he invested his last decades on. Reason No. 7
The seventh reason why many educated people may be poor is because of the college debt. As at the time of making this video the average
student loan borrower has $37,172 debt after college
That’s just an average. Some student leave college with as high as
$200,000 or more in student loan. In fact, as at 2018, about 100 people in the
United States have as high as a million dollars in student loan. In the year 2010, it took 7 years for an average
college graduate to break even with his student loan, now it takes one decade. Now you see why highly educated guys could
have enough debt to pay for all their lives. Reason No. 8
The ninth reason why so many educated people could be poor is because the more time you
spent in the classroom the more you are likely to live your life alone. This is what I mean by that, so many people
who are able to build substantial wealth in the world are people who have mastered how
to collaborate, how to build a team, how to work with other people, how to get people
of different skills and strengths together and achieve a single goal. Unfortunately, school was designed to teach
you direct opposite of that. In school for instance, your are trained to
do your assignment alone, to do your test alone, to do everything all alone, while in
the real world you need collaboration, you need to pull people together, you need to
get people to come together to work on a certain goal for you to build wealth
Reason No. 9 The eighth reason why so many educated people
could be poor is because taxes are made for them. In August, 2011, Warren Buffett wrote an opinion
piece in the New York Times in which he wrote about his 2010 Federal tax rate of 17.4% compare
to 36.0% average rate paid by the twenty other workers in his office. How come the poor pay less tax than the rich? Tax law everywhere in the world was made for
the employees, so the more money the highly educated people make, the more government
dupe them. Hahaha.. If you love this video, our team will be VERY
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100 thoughts on “9 Reasons why Many Educated People Are Poor”

  1. Many educated people are too engrossed with their knowledge that they forgot social skills which is equally important.

  2. It all depends on what you mean by poverty. There are arrogant people without degrees. So it is not the degree that makes people arrogant or even poor. Education and instruction are necessary tools in our lives and do not impede entrepreneurship or business initiatives.

  3. Technological unemployment is not only unstoppable, it is changing the world for the worse for the non-rich common people. Just go out into the street and see the real world decline. It is happening now. It is happening now.

  4. I didn’t do well in my school level but I God I’ve learned tough times that made me who iam my company is now with graduates while an a dropped out

  5. I am so blessed and very excited to be part of this to develop my Community and improving in my business.

  6. This dude just laughed extremely condescendingly at me… right after he tells me to be humble…. 🤨 I dont know how I feel about this…

  7. Discipline is very important. Accept the fact that somebody don't have this. That's why more people goes into destitute lives.

  8. Good to see atleast you have given some hopes to employees as well by offering them investing option yet many of these might be unaware of it, they can also claim some tax benefits too while investing in different avenues like stocks, mutual funds etc

  9. This is really true…especially on a Third World Countries.many educated people become arrogant when they finished college instead to be humble

  10. The power is on hands on government. It's depand how rich you are inside. Here in Germany or European has free education and free hospitally. I think that it's only the 3 country who thinking about money. I'm the end all the money will go in the grave. Juse your Brian and say stop to the media.

  11. You said how comes the poor paid less tax than the rich.
    Instead of saying how comes the poor pay more tax than the rich

  12. Because they prioritized books and exams over true life skills and making financial realizations.

    I went to college, but working and building my career was far more important, so I left for awhile.

    I made the right choice

  13. Studying a subject that equips you for a job that does not exist in the jobs market & rather than looking for a well paid skilled job in high demand then learning to do that job either with or without a degree . It is the jobs market that decides who it wants to employ and pay well & not the student

  14. I lived in a college town for years. For some reason I found the the more education a gal had the easier she was get in the sack. Most overspend on frivolous junk and underachieve in personal finances. I would never get serious with a gal with a doctorate.

  15. If your goal is to seek knowledge and understanding, then money becomes secondary. Not every one of us has becoming rich as a priority.

  16. If we all become rich who will work for who. We're all born different. If we all become investors, who will become the farmer or nanny for your children. Someone has to do a different thing to keep the world moving.

  17. Get rich quickly and retire early, the point here is your mind being the most powerful leverage one can never take away from you, have skills of life and live financially free…

  18. I never heard anyone whoever said they go to University to get rich, they go there to be educated, wealth is something far different from that. Academics don't measure a good life through being rich, they know better than. Teach right don't flesh your opinions as if they matter…they only matter to those who want to be rich but education is on a different course of life not wealth.

  19. The only debt people should have is a mortgage payment. I worked full time for years and paid cash for college and university.

  20. As long as you have an education that high its expensive and they've
    Already sold you the lie then there's the credit cards and the car loans and then child support and alimony and so forth you cant make enough money everybody wants a piece of your pie…

  21. I'm 21 year old and in college doing my third year. i don't now how to spent money i need help please. which books to study. ?

  22. In 2019 school is for fools… Unless you're studying something absolutely necessary. Trades, gigs, and self employment are making more than PhDs nowadays…

  23. I am curious about that , what is different between educate people and uneducated people?

  24. 9 to reasons why many educated people are poor.

    1. Financial Education Isn't Given In Schools.
    2. Uneducated Immediately After College.
    3. More Time You Spend In School, The More You Are Likely To Love Job.
    4. Who believe they are Educated are actually ARROGANT.
    5. Highly paid people BUY A LOT OF LIABILITIES.
    8. The More Time you spent in the classroom the more you are likely to live your life alone.
    9. Taxes are made for them.

  25. School is an institution training you how to be an employee 🤣… so you’re basically paying someone to work for someone else… most millionaires never went to college or had a gpa of a 2.0. College debt is no joke…

  26. i agree.
    my cousins only high school graduates are earning more because they put up their own car repair shop. they don't mind getting their hands dirty

  27. This is wrong message for the next generation and a very stupid way to earn internet money and attention….education is mainly meant to make the society and community better
    uneducated wealthy people you talking about have a bundle of only educated people on top of their management

  28. 😀Formal education will make you a living; Self education will make you a fortune.
    😁When human being stop searching knowledge and information ; arrogance will set in; then stupid will be the result.
    🤔 Listening is more important than talking; that's why we have 2 ears and only 1 mouth.
    😋If we Listening we will have new information; if we keep talking actually we only repeating the one that we know.

  29. I enjoy college , don't get me wrong . I just wanted to. Good experience . A lot of debt, but I have the bank in my cranium to alleviate it.

  30. You should have just knocked off a liquor store! Are those guys having to pay off loan payments for years? Our society doesn't appreciate your scholastic endeavors — or they never would have let tuition get so high!

  31. Money should be looked at as reward not a reason. Stop connecting money with knowledge and wisdom they are 2 separate things

  32. Arrogance is a big one. I had a educated person work for me recently and I had to fire him because of arrogance. He was a friend of mine. I was paying him to much & I needed more than one guy to work for me so I had to let him go. He is always right and never wrong in his mind. He was very educated and smart but not a business person.

  33. Still without proper school education you are doomed to have a shorter life expectancy. Research show that a person with University degree have an average life expectancy which is 5-10 years longer than a person without University degree. And this has nothing to do with money. Life is not only about money and business. Give 100 millions dollars to an illitterate and see if he gets a healthier and richer life. He may eat burgers, drink a lot, buy a nice car and stop walking, just to die a premature death because of cardiovascular disease. Or he may end up as Michael Jackson, Prince, Amy Winehouse, and other famous people you died young. Usual school education is after all the best investment for a human. Stop preaching this nonsense to young people.

  34. Many educated people are poor because they majored in an absolutely ridiculous subjects that had no market value whatsoever. So instead of following opportunity they followed their dreams. Morons! They lack Common Sense. Sheep!

  35. Even your points are still tying success to education, to copying, and reading papers prepared by another poor man who himself couldn't create wealth.
    And it's possible that your own daily bread comes from making videos on controversial topics and begging viewers to subscribe. That's another form of laziness if you ask me.
    Heavens know that nothing makes one poorer like working to earn more than he actually needs. That's the height of insanity! That's a vicious circle that only death will get you out of.

  36. Americans (USA) in particular can’t get it into their heads that college/university originally was meant for an intellectual/academic study (history, literature, languages, languages, philosophy/religion, etc.) To make money/earn a living falls more under training which is to learn the knowledge to get and keep a job, or, a career. This video’s title assumes education is for making money/becoming rich. No, training is for that. We Americans are infamous for confusing this.

  37. So true that schools often teach us to remain poor. For example, many rich people did not get the best grades because they read outside of the syllabus and between the lines; and got rich from the subjects they failed.

  38. Yes, most of high & well educated people they mingle among clever people but they are lacked of smart to do things! WHY? because to become entrepreneur you need to learn the hard way and …….. ENTREPRENEUR IS A RISK TAKER! Yet it is a calculative Risk Management of course! Furthermore, high well educated people they cannot humble themselves as they feel that they have achieve what they had in this life! But they forget that "WORK HARD BASE ON YOUR CLEVER EDUCATIONAL BACKGROUND, YET WORK SMARTLY!" That is why …learning by listening and doing by Acting is important! Most clever well educated people they mingle only among themselves! They need to learn right from bottom to roof top the hard way and mingle with different segment people in the market place! UNQUOTE: "BILL GATES he said: I was drop out from Harvard University BUT now my friends they are Professors from the Harvard University they work for me!" Please NOTE that there is NO UNIVERSITY SPECIFICALLY TO TEACH US TO BE SMART ONLY GOD WISDOM MAKE US SMART! Last but not least; the world knows best what is Multiplication or Minus or Plus! YET the most dificult things is "DOUBLE DOT meaning, to SHARE with others!

  39. "Most educational programs do not deliver knowledge". My people are destroyed for lack of knowledge "ISAIAH 5:13, Hosea4 :6

  40. educcated people r poor how can it posible? smome times rich poeple r poor …in ur country many many rich poeple they r extrrmly poor…educated poeplr r always helping them i think they r in a trap…why they helping them i dont know the cause….

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