To be rich and Educated

[Phronesis]

People, especially parents, believe that once a child is educated, he will make it and say bye to the company of the poor. All he needs is to continue to work hard. That is why parents put in all they can to get their children educated. Good as this thinking is, it is only half of the truth! Every pupil or student needs to be taught how to become rich. This is called financial education. It is yet to be taught in many schools. What is the way out?

You, as an individual, should first create wealth in your mind. You should have it deep in your mind that you will be rich, very rich and successful, even if you are from a poor background. Whatever a person believes deeply in his mind always come true.

Apart from having your mind on becoming wealthy you should always save at least ten percent of the money you earn and give out another ten percent as gifts to the poor. Spend 80 percent of your income to take care of your needs. This may be difficult at the beginning, but after some time it becomes easy. Students do not earn money that does not stop them from forming a habit that will make them happy for life. Money comes in for them every now and then as gifts, especially during major festivals as pocket money. After all, our different cultures teach us to form the habit of saving and not eating with the ten fingers.

Finally, you should make the ten percent saved to work for you and bring interest after a period of time. This happens if you trade with the money and make profit.

 

[Kapazität]

Yes!!
You are very correct. I strongly believe that some parents have come to the knowledge of this fact considering the recent happenings in the world.
Education is good, no doubt, But what happens on the day when robots take up all the task in the world..?

We Africans are actually the ones that has lived with this mentality the most
..
Financial education is key to making money..
You earn from what people need!

You place value on what you have and you earn from it.

White collar job cannot make one rich!

 

[Wisdom01]

Yes!!
You are very correct. I strongly believe that some parents have come to the knowledge of this fact considering the recent happenings in the world.
Education is good, no doubt, But what happens on the day when robots take up all the task in the world..?

We Africans are actually the ones that has lived with this mentality the most
..
Financial education is key to making money..
You earn from what people need!

You place value on what you have and you earn from it.

White collar job cannot make one rich!

There are still some white collar job that can make you rich , but once the person knows how to create wealth all by himself through learning of skills and not only getting a university degree and he becomes an entrepreneur am very sure the person would really not depend on anyone for survival ,because he or she already have the skills to work with and make the money all by himself and might even be rich than some white collar jobs ,so is actually good not to depend on education only

 

[Abigael]

It is so true that many parents still follow the cliche' that being educated is a gurantee that one will be rich. This believe is so misleading and has led to many people being poor but educated. I also agree that wealth is built through attitude. Having a certain belief that you will be rich will eventually attract wealth to come your way. This should be taught to children as they grow up, they should grow up with the knowledge of how to attract wealth. Financial education is also an important topic to impact children so that they grow up knowing good financial skills. They should be taught how to save and spend money wisely in order not to waste by spending extravagantly.

 

[Alexandoy]

If you have read the culture of China now you will be amazed that good education for children is 100% being followed by families. It may be the effect of the one-child policy that a child has his parents all for himself, he also has his maternal grandparents and paternal grandparents because he is the only grandchild. Naturally all the resources are placed on the head of the child that he can get the best education in town. When he graduates he can start a business using the wealth of the family and I don't think it would have an issue in the family since he is the only child. The is the reason why Chinese products are doing well in the world market. There are so many entrepreneurs in China now.