The Reason Why Many Educated People Are POOR


The reason why many educated people are poor When I was 15, I started dreaming of becoming an accountant though at this time I had my only two business since nobody in my immediate environment talked about entrepreneurship I didn’t even know that any poor boy like me could build a company So I wanted to work for a company as an accountant since I wanted to be a great accountant I looked for a newspaper and cut out the image of one of the most successful bankers in those days. I Pasted that is photo in my room where I saw it every day I also read about him and discovered that he was a professor of accounting and a professor of economics Now I have a roadmap Since my idol was a professor of accounting and economics. I started dreaming of becoming a professor of accounting and economics I read like no one and nobody I knew was better than me in accounting and economics I left high school and went to study accounting in what is similar to what many people know as college? I? Was still the best student But one day asked myself Why is no one teaching me how to make money? You see as an accounting student had learned how to calculate so many company’s accounts the balance sheet manufacturing account trading profit and loss account government, accounting and a lot more But I needed to ask why am I lecturers teaching me? Just how to calculate money Why is there no one teaching me how to make money I? Later left school when I got no answer to my question or let me say I got an answer But that answer was here in school. We only teach you how to work for money not how to make it That’s the reason why most educated people are poor. They were taught how to work for money The science of money If you a tennis player as you watch this video to you tennis is not difficult If you are a golfer golf is fun if you’re a musician Music is life. And even if you’re a soldier war is sweet Yes, I have friend who loved war when we were young simply because he wanted to be a soldier Now think about it The reason why tennis golf or even war may be interesting to you is because you’ve studied about it and practiced it The same thing happens with money money is simple getting rich is not complicated But like music and sport money requires education and practice the problem about our society is that we grew up without anyone teaching a simple mindset that produces money as Children, we were never taught that for every $10. We earn one or two must be saved as Children, we were never taught that we shouldn’t save money to spend money. We should save money to multiply money as Children, we’re never taught that the material possessions don’t define us. So when we grow up we buy things we cannot afford simply because we want other people to think that we are rich as Children what everyone told us was that if we can’t work hard enough We’ll be rich and that is a lie hard work doesn’t make anyone rich Leverage is what makes people rich It doesn’t matter how much education you get as long as you don’t understand leverage. You can’t be rich But what’s leverage? Leverage is your ability to use what you don’t have leverage is anything that gives you money while you don’t work? This maybe your employees who work for you some technologies, which work for you or your money Which works to make you more money through smart investments? You can work as hard as you wish, but if you don’t understand leverage, you don’t understand money the deception of high-paying jobs Another common problem in our society is that we were raised to run after good jobs Well, these good jobs are not good because we like them we consider them good because they give us much money What an error? It’s an error because people don’t get rich because they make much money people get rich because they keep more money and make the money they keep to produce even more money and Even making more money isn’t enough to be truly wealthy. You have to love what you do and find pleasure in your labor Do you know anyone who hates Mondays? It doesn’t matter how much money he makes is a poor human Many educated people are poor because even those who make a lot of money don’t have any understanding about how money works So they earn a lot of money and spend a lot of money some earn a lot of money But they hit every minute they spend on their job Some educated people who try to invest don’t know anything about investment So they put their money on what they don’t understand and lose it all These are all reasons why many educated people are poor Basics of financial education I think you don’t have to be a genius to have financial freedom with the understanding of a few money principles and Self-discipline. Most people can be financially fine One don’t be materialistic To understand leverage 3 doubt jobs. Let me explain all these materialism and poverty One of my business teachers once taught me that the best people to market a book to a people who just bought a book in Recent time the best people to market a phone to are people who just bought a phone The best people to market the car to are people who just bought a car. This doesn’t make sense as we can all see ordinarily The people we ought to market a phone to a people who have not bought a phone in the last one year, right? Wrong, you see there’s this law of nature that says we want more of what we like and we can never get enough of it So it happens that you cannot have enough of whatever you allow to rule your life If for example your iPhone enthusiast you can never have enough phones Every latest phone of your favorite brand must be yours If you allow cars to rule your life, you will never drive a used car What happens with materialism is that it makes your life Center on things? You’ll never have enough when you get to this point. You’re already on your way to everlasting Poverty because you won’t have any money left to save or invest No matter how much you earn If you want to be rich be disciplined enough to buy things because you need them not because they make you feel good Understand leverage as I make this video. I work hundreds of hours per day It’s not possible to work hundreds of hours within 24 hours of the day But I am able to do it because I have different people and technologies working for me Until you figure out how to make money while you sleep You don’t know how much money you want to earn to make you truly rich What happens with many high paying jobs is that you work too hard for the money? this is not how to be wealthy because wealth is not when you have to work 18 hours each day to make $200,000 a year Wealth is when you have the Liberty to work or not and still make money Doubt jobs The number one problem about jobs is that it takes away the time you need to invest on your dream The second problem is jobs. Take away your ability to use leverage For example, you can’t employ someone else to do your job and pay him less. You can’t work 100 hours a day You can’t use technologies for your advantage You can’t make money while you’re not working because there’s no leverage in most jobs You might want to doubt a jobs ability to make you rich Pick up some books. I Know a few people who are well educated But have never read any book about money. They are accountants lawyers or journalists They know everything about what they went to study in school, but outside that they know nothing If you want to match the money, you have to study about money and learn the mindsets of the people who are already Rich in conclusion the education you get in school doesn’t guarantee your financial success if you want to be rich You have to get financial education avoid spending all your earn and learn how to use different leverage to make you money while you’re sleeping Thank you so much for watching our videos Are you between the ages of 15 and 40 then we invite you to join our new channel Which was specially created to share with you inspiration and life’s lessons to succeed in life We call it under 40 TV kinda look at the description box to join the under 40 TV. We love you

62 thoughts on “The Reason Why Many Educated People Are POOR”

  1. The Bottom line college will not make you rich ! College only makes you learn something. Anybody can do a job with proper training.

  2. Your videos are outstanding and inspirational. I'm curious why you only invite people that are between the ages of 15 and 40 to Under 40 TV. Many people older than that continue to explore and learn. I recommend that you do not limit your business to only one age bracket. Very well done videos and keep up your great work!

  3. I'm an accounting student and in Strategic Financial Management class we are taught Sources of Finance from short-term to long-term sources of finance ..

    This is the only class we learn about wealth and money

  4. If you keep investing in the right resources you build up wealth fast. One day you look at your portfolio and you think to yourself, how did I get all that in so short of a time. Like the old saying goes. Money is created on a printing press, but wealth is created in your mind.

  5. College is about so much more than the books you read or the courses you study. Ask your self if Harvard, MIT, Stanford, Eton, Cambridge,or the like, have different books than old State U.? The reason people are busting their ass to get into these elite schools is because of the friends and contacts you make. You meet the sons and daughters of the movers and shakers. You meet the future captains of industry, the next congressman or future senator. You attend parties with the heir to the throne, presidents, leaders and opinion makers. Sure, even at good old State U. you meet some of the same people, and people who will be making business decisions and doing the hiring. It opens up the world to people you would otherwise have no access to, and if you paly it right, can make your life quite a bit more financially rewarding.

    You needed even graduate (Bill Gates, Steve Jobs), but you must meet people who can help you further your ideas and career, along with talent who can produce your vision…my best fried is the best guy to drink a beer with, but I wouldn't call him if I had an idea about a smart phone, for that I'd call an engineer from MIT or even old State U. College isn't the panacea that will make you successful, but it is a good idea none the less.

  6. Eye opener. very useful. your videos gives right information to make right decisions. You are a blessing for others.

  7. One of my customers that signed on recently asked me if I had a business degree from Harvard. (I don't, by the way!) Why did I say that? Ask yourself this: Would you rather have the degree and people think you're stupid, or not have the degree and people think you must? (Personally, her asking me that became my diploma, in my opinion!)

    So, to succeed in wealth building, you must have received information along the way sufficient to bring you to the place where you have determined that developing passive income is necessary. Then, you must decide to pursue a life long path of self-directed education. Then, you need to go out and get a customer.

    I know that sounds very vague, but it is not, really. Try this. Pick any simple service, like yardwork or maid service, that require almost no start-up money, and as little permitting as possible (none is awesome!), and start trying to get someone to hire you. Eventually, someone will. They really will.

    Then, you provide awesome service. Great results. Professional delivery. And you will learn a lot. Keep reading books, and watching videos on how to sell better, and you will grow in your business skills. That is the main benefit of the simple service choice. Less attention needed for the job means more attention can be devoted to thinking business. I pull weeds! The mental powers required for that task are very limited, believe me!

    All I know is that you can all do it, and you can start doing it today. What's more, I truly hope you do!

  8. One thing has for some time become obvious : The "educated", including those in media and communications can't spell – DECEIVED is spelled just as I've typed it here, not as in the clip title.

  9. School won't teach you everything you have to acquire streets smartsness to handle communication as far as I know students need to got an internship every holiday which is helpful for their personal growth .

  10. College isn't about making you rich in a financial sense. I don't think anybody is foolish enough to believe that.

    At the same time, not every entrepreneur is rich either. In fact, most will fail within a few years or less.

    These anti-college messages because people either won't get rich or land their dream job really need to be put into perspective.

    Bottom line, there are no guarantees in life. 😶

  11. children are no longer educated in schools, university at all. The teachers/lecturers teach what to think they do not educate. Eduction is just state funded indoctrination

  12. Damn , I was going to subscribe. But then they said to subscribe need to be aged 15 to 40. I'm 43 , so I did not subscribe.

  13. The More You get Paid, the More You have to Make it Work by Investing it in a Mutual Fund, By Diversifing it, also Work for Assets not just for Money,

  14. The teacher's union makes sure the public "screwals" direct the thinking of the youth toward the "collective." It is indoctrination and therefore "child abuse." The only cure is to learn to think independently with the vision of working for yourself.

  15. You must Aladin who found dumbness a virtue! Do you need to be rich all the time and being dumb?

  16. Your goal is to take away our money and invest in yourself Some scheme Some professions require a solid college education. Some of what you say is true. Some marketing scheme. Lol No wonder you want 15 to 40

  17. I am still surprised why so little amount of people watch your videos. I found them very educational. I used to be an accountant too and I hate my job.

  18. Thank you so much for watching our videos

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