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If You Want to Be Rich and Happy don't go to School

If You Want to Be Rich and Happy don't go to School

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Published by Chandan Mundhra
As the name suggests it is a critic on modern education system, how it is capable of spoiling a child's wonderful future.
As the name suggests it is a critic on modern education system, how it is capable of spoiling a child's wonderful future.

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Published by: Chandan Mundhra on May 06, 2010
Copyright:Attribution Non-commercial

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05/08/2013

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IF YOU WANT TO BE RICH AND HAPPY, DON·T GO TO SCHOOL
In developed countries we all receive a basic education that teaches us to read, write and domathematics. Then were thrown out into the world, either to sit in a salaried job, to join the ever-growing ranks of the unemployed, or to start businesses that are likely to fail. We are basically cutloose without any skills in securing a job, and with no idea of how to be in business for ourselves.If this says anything, it says our formal education system has let us down. It doesnt give usimportant life skills. School for me meant following the traditional rules, only giving people whatthey expected, and getting ahead by doing the same things as everyone else
.
I wouldnt call that arecipe for success.
A
t no stage are we taught how to get a job, or how to earn, keep and use money correctly.Rarely are these things talked about at our schools and universities. Even some of the most highlyregarded business courses skirt around the issue. They teach students soft skills, hoping thatwhen they get out into the real world theyll be able to figure it out for themselves.
The truth about Education and Success
Studies of individuals who have above-average wealth show no real correlation betweenlevels of formal education and the ability to make money. Formal education may affect how muchyou make in a salaried job, but it doesnt affect your chances of real financial independence.If you look a little closer, however, there is a very strong correlation between one type of education and wealth. Those who have acquired wealth are all well educated in the art of makingmoney. This education wasnt acquired at a conventional school or university. These peoplegained it at the
SCHOOL OF WEALTH 
.
 A
ttend only the SCHOOL OF WE
 A
LTH
C
handan was an average student at school, who did a certificate in training and got a job asa trainer in a major firm.
A
fter about five years he was on about Rs. 6,00,000 a year and was doingOK.
A
fter about eight years he was on Rs.12,00,000 a year, and was paying off a house. Then hestarted his own training business and retired in three yearsat age 35.
C
handan was pretty mediocre in all the usual measures of school success. No-one wouldhave picked him as someone who would retire at 35. But he had something that made thedifference. He knew, and did, many of the right things for developing wealth.Wealth education is difficult to get. The problem is that no formal school of wealth exists.Wealth education is usually acquired by trial and error, by risk-taking, by losses and wins. This canbe very time-consuming and very costly. Both financially and emotionally. Every owner of a failedbusiness can vouch for that. The only way to avoid these costly mistakes is to find a successfulperson who will pass this education on to you.However, having it passed on to you is very rare. The people who have this knowledge aretoo few, and too busy, to be able to stop and help others learn.
The people who desperately need wealth education cannot afford to pay the tight teachers what they are worth
.
A
ndunfortunately, these skills cant be picked up overnight. They usually require intimate knowledgeand can take years to learn.To make it worse, in our world of instant gratification, most people dont see aninvestment in their education as something worthwhile, especially when the pay-off could takemore than ten years. It all becomes too hard. It is much easier to sell your time in short bursts of aweek or so, and collect a pay cheque.

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