9 Reasons Why Many Educated People Are Poor

9 shocking reasons why many educated people are poor. Why are so many people poor after having so many degrees?

Reason No.1

Many Educated People Are Poor Because Financial Education Isn’t Given In Schools

9 Reasons Why Many Educated People Are Poor

Wait a moment and think about it. Each time you mention education, the first thing most people think about is school. And whenever we think about school, we assume that school will teach children everything necessary about it. But the opposite is the truth.

Take for instance, you can be a medical doctor and fully know a lot of things about medicine or be a lawyer and know everything about the 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, but that doesn’t mean you know anything about money.

The reason why most professionals don’t know much about money is because school wasn’t design to give education bout 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 five degrees.

What’s the way out? Get financial education by reading good books, listening to good audio training about money.


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.

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And because you know nothing about money you may be dead broke even with five degrees.

What’s the way out? Get financial education by reading good books, listening to good audio training about money.


Reason No.2

Most People Become Uneducated Immediately After College

9 Reasons Why Many Educated People Are Poor

What exactly do you think education is? For so many people in the world, education is that degree they go to get in Harvard. For many others, education is their certificate and degrees.

Education isn’t what you get in the class room. 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 meaniful anymore. They believe that they’re already educated because, these people don’t take time to learn new things, they’re 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 something you drink once in a 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’re Likely To Love Job

9 Reasons Why Many Educated People Are Poor

Let’s face it. School was designed to train you on how to become an employee, so the more time you spend in that four walls, the more you’re likely to love jobs. And jobs don’t give you leverage to create wealth.

The more you love jobs, the more you’re likely to be poor.

Loving jobs simply means you’re going to work for the rest of your life with single brain and two hands and nobody create wealth that way.

Wealthy, are people who could work with ten, twenty, fifty brains and more. And unfortunately, no job allows you to do that. So because you can’t work with 100 hands or work with fifty brains, you don’t have that leverage that people like entrepreneurs have in creating wealth.

What’s the way out? While  everyone cannot be entrepreneurs, 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.

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Invest properly and be financially independent.

 

Reason No. 4

Many Educated People Are Poor Because So Many People Who Believe They’re Educated Are Actually Arrogant

  • 9 Reasons Why Many Educated People Are Poor

So many people, because they’ve degrees believe these other guys that dropped out of college or these other guy who didn’t finish high school, didn’t know anything.

In this case, they’re not humble enough to learn. What arrogant people don’t know is that, young people no matter the level of their education are the ones who know where the world is going and for few of them who really know what they’re doing, know so much about so many things that older generations don’t know.

Look at the internet for instance, so many people who’re 50years old don’t know anything about how the internet work or how they can use it to create wealth.

While on the other hand, an average 17year old guy knows so many things about the internet and many of them are building wealth right from their home using the power of the internet.

Don’t be unnecessarily arrogant because, you think you’ve degrees. Many young people who never go to college are building unbelievable wealth, using modern technologies and internet. Be humble and learn from the next generation.

 

Reason No. 5

Many Educated People Are Poor Because So Many Highly Paid People Buy A Lot Of Liabilities

9 Reasons Why Many Educated People Are Poor

You see this everywhere. A guy who earns $20, 000 a year thinks he’s rich. He buys the most expensive smart phone, latest cars, the biggest tv set, most expensive clothe and shoes, wrist watches and vacations.

Memorize this always – the amount of money you earn doesn’t matter to the much amount you invest into your future.

 

Reason No. 6

Many Educated People Could Be Poor Because Many Highly Educated People Do Lose Their Jobs.

9 Reasons Why Many Educated People Are Poor

In today’s economy, it doesn’t matter how much education you have, it doesn’t matter how much degrees you have…anything can happen when 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 a job, then you’re 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 can cause an entrepreneur to lose his business, most times because these guys created their businesses from the scratch, so they know how to start all over again. The guy who has a job has only the option of going out there and look for another job.

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In this case, he may not get a job as good as his previous job he invested his last decade on.

 

Reason No. 7

Many Educated People May Be Poor Because Of The College Dept

9 Reasons Why Many Educated People Are Poor

The average student loan borrower has $37, 172 dept after college. That’s just an average. Some students leave college with as high as $200, 00 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 seven years for an average college graduate to break even with his student loan, now it takes one decade.

So you see why highly educated guys could have enough Dept to pay for all their life.

Reason No. 8

Many Educated People Could Be Poor Because The More Time You Spend In The Class Room, The More You’re Likely To Live Your Life Alone

9 Reasons Why Many Educated People Are Poor

This is what I mean by that. So many people who are able to build substantial wealth are people who have tested how to collaborate, how to build a team, how to work with other people, how to get people of different skills and strength together and achieve a single goal.

Unfortunately, school was designed to teach you the direct opposite of that. In school for instance, you’re trained to do your assignments alone, to do your test alone, to do everything all alone. While in the real world, you need collaboration, you need to get people together to work on aa certain goal for you to build wealth.

Reason No. 9

Many Educated People Could Be Poor Because Taxes Are Made For Them

9 Reasons Why Many Educated People Are Poor

In August 2011, Warren Buffet wrote an opinion piece in New York Times, which he wrote about 2010 federal tax rate of 17.4% compared to 36.0% average rate paid by the twenty other workers in his office.

How come the poor people pay more tax than the rich? Tax load everywhere in the world are made for employees. So the more money highly educated people make, the more money government dupe them.

 

If this piece was helpful to you, let’s hear from you…do well to drop a comment and share your opinion.

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About the Author

Imaeruaka Joseph .N

Imaeruaka Joseph .N

I believe in sharing wisdom with others. Utilizing life to its maximum and blogging is a call for me . Who is Imaeruaka Joseph? Imaeruaka Joseph also known as Inbuilt-Wisdom JIN, is an indigen of Amesi town, in Aguata local government area, Anambra state. Skills? 1. Copy writer (specialty; sales copy) Currently works with Sky blazer ventures, Niger standard industry ltd, Azodo fish farm. 2. Content creator (short stories, articles, memes and poems) Currently works with Andora Novella, Tis foundation and Medium. 3. Author at Amazon (kindle direct publish) Imaeruaka Joseph up to date has six books published on Amazon. -Marriage forum -Wisdom from its inbuilt -The Compile -Did i have sex? - a memoir -Maintenance of some basic electrical components -The poem stream. 4. Blogger at Millitime (www.Millitime.com) He has over 100 + posts on millitime opened to viewers world wide. 5. Presentation. Reach out to me via email, [email protected]

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