Learning To Create Wealth: What You Learned In School, What You Didn’t
Posted by Bullhunter in Wealth BuildingSchools, colleges, and universities teach us lots of things; lots of useful things that we can really use in life. Unfortunately, in terms of wealth creation, there are also a lot of things school didn’t teach us.
What You Learned In School
Maybe you are one of a minute and lucky few who got a really progressive education that taught you the components of creating wealth. More than likely, though, you are one among the vast masses who received a basic education, perhaps even occupational education, devoid of true financial education.
Most likely you learned what the rest of the world learned in school. You learned
- How to read
- How to write
- Mathematical theories, some universal laws like physics
- How to reason (at least to a degree)
- How to give back what you learned through hours and hours of rote memorization
In a specialized program or during advanced study, you may have learned
- Specialized knowledge
- Advanced laws and theories
- Job skills
If you were lucky, you may have learned some financial skills, like
- How to open a bank account
- How to balance a checkbook
What you learned in school was how to go to get a job, how to go to work, collect a paycheck, cash it, and spend it (so that you could go back to work, collect another paycheck, cash it, spend it, go to work). In short, in school you learned how to work for money.
What You Didn’t Learn In School
What you didn’t learn in school was how to think about money and how to use the money that you make effectively. In school, you weren’t taught how to
- Make fact-based decisions, rather than unconscious, emotionally-based decisions
- Truly classify assets and liabilities
- Develop a success-oriented financial attitude
- Invest your money to make more money
- Balance good debt and bad debt
- Understand the money systems of the world
- Utilize the money systems of the world
- Create passive income (aka, make money while you sleep)
In short, school didn’t teach you how to make money work for you.
Why You Didn’t
All of the things outlined above are very real and very possible. They also happen to be the keys to creating wealth so that you can live (truly) financially free. Why, then, didn’t you learn these things in school? It seems reasonable that if school is meant to prepare us for life that we would learn the most efficient and effective means of managing our finances for a lifetime of financial stability. But school isn’t designed to do that. School is designed to prepare us for work, not for life.
A wealth creation education, on the other hand, is designed to accomplish exactly the opposite. A wealth creation education is designed to prepare us for a lifetime of financial freedom and stability. A wealth creation education is designed to teach us all of those essential money making skills and more. A wealth creation education teaches us how to have money work for us, rather than be money’s slave - to teach us to break that vicious cycle and work within the new world financial order, where money works so you don’t have to!
Sean Rasmussen is a stock market and property investor. He likes topics of Self Improvement and teaches wealth motivation. His wealth creation blog deals with topics of making money and generating passive wealth.
