To Build Wealth, Don't Seek Higher Education

 One of the most important determinants of building wealth during your educational life would have been a solid course in the history of education. Why? With a solid understanding of the roots of institutional education, most education will never teach you how to build wealth, but at the same time you will find that you are in debt. Henry Ford once said it's good that Americans didn't understand how banks really worked.

This statement still applies today. 99.9% of people, even those employed by banks, do not really understand how banks dominate the economy. Do you think US banks actually hold the specified 10% of the reserve requirement (RRR) in their reserves? Think again. Similarly, most people do not have a true understanding of how an institution works. If so, many will find that formal education can often undermine the ability to build wealth more than it helps.

Most people learn an educational life to become a robot no matter where they are educated. The "authority" number is A + B = D, and if the student disagrees with and insists on A + B = C, it indicates that his or her reward is not satisfactory. As a result, students spit out what the teacher is thinking, get good grades, and are obedient, so good work will be rewarded later. This is the perfect process for making the perfect gear on the machine, the pod people depicted in the movie The Matrix.

How educational institutions feed the debtor system

In many cases, attending higher education at one of the world's top educational institutions will incur a US $ 80,000-200,000 debt by the time you graduate, essentially exchanging "elite" education for a lifetime of debt. .. If your family is so wealthy that you can't send your child to the world's top schools with huge debt, but you want to succeed in your application before your child graduates, you need to start establishing "credits". I have. For post-graduation car loans and mortgages.

But "credit" is a very interesting word choice given that you need to build up a lot of debt to establish a good "credit". If you don't build up a lot of debt and prove that you can repay it responsibly, you have "bad credit" instead of "good credit." And if you don't have "good credits", even if your bank has $ 1 million in "credits", you don't have any credits. Also, without credit, you will not be able to take out a car loan or mortgage. The bank doesn't have a million dollars. Unless you provide your money as collateral for a secured loan, that's not the case.

You will need to change the name of your credit card to "debit card" and the name of your higher education institution to "high-value institution". That way, at least all innocent, bright-eyed 18-year-olds will have a credit card and higher education. The rich elite has established almost all of the top universities in every country in the world. Looking at the founders of the US education system, the rich elite founded Temple University, Vanderbilt, Johns Hopkins, Cornell, Duke, University of Pennsylvania, Colombia, Harvard, and Stanford, to name just a few. In the original book "Education and the Rise of the Corporate Nation," Joel Spring wrote, "The development of a factory-like system in a classroom in the 19th century was not a coincidence." Russell Conwell, a member of the wealthy elite, tested Spring's claims in a statement he made before establishing Temple University, one of America's oldest educational institutions.

"The rich man may be the most honest man I've found in the community ... 98 out of 100 rich American men are honest. That's why they're rich. That's why they're me. That's why we are trusted by our money ... because they are honest men ... The number of poor people who sympathize with us is very small. It is God's sympathy for those who have been punished for their sins ... . Doing the wrong thing. "

It's one of the most ridiculous statements I've ever read, yet the American education system was set up primarily to maintain the caste system of the rich and the poor. From the late 1800s to the early 1900s, many students were trained to agree with their ideas, discouraged from disagreeing with the teachings of these universities, and were punished for their poor grades. If you were rich, it was because you were a good person. Poverty was the fate of sinners, so if you were poor, you deserved your fate. This was 100 years ago, but it hasn't changed much in the "modern" educational system. In most cases, in classrooms around the world, fitness is still the "king".

How Traditional Education Kills Critical Thinking, The Most Important Skills for Building Wealth

As an example of how yesterday's psychology is applied to today's classrooms, I distinctly remember a university course in which I strongly dissented with the professor's opinion. The professor's argument just didn't hold any weight in my mind. Though I crafted entirely well constructed arguments to support my dissenting view on the next exam, the professor “rewarded” my critical thinking with a C +. On the following examination, having learned my lesson, I spat back exactly what I knew the professor wanted to hear. For my utter lack of critical examination of any of the key issues, I was rewarded with an “A”. This lesson in conformity occurred within the “revered and hallowed” halls of an Ivy League institution, and such manufactured conformity spills over into the corporate world once these institutions graduate their students.

If the Wright brothers had accepted the universal belief that flying was for birds only. If Copernicus had accepted the Catholic church's teachings that the earth was the center of the universe, people would have continued believing that the sun circled the earth for a hundred more years. and quit due to the ridicule heaped upon them for their “unachievable” pursuits, we still might not be able to fly today. To illustrate how blindly people accept what they are told, recently I read an article where astronomers agreed that Pluto is not a planet, so they stripped Pluto of its accepted planetary status since 1930.

But when I was a kid going through school, if you didn't mention that Pluto was a planet on a science exam, your answer would have been marked wrong. Even if you gave the same exact arguments that astronomers gave today, you would have your teacher would have told you, “Look, it's in our science book. Pluto is a planet,” and another lesson in conformity would have taken place. If a hundred years ago, somebody started teaching the world that the moon was made out of cheese, everybody today would believe the moon appears as a yellow orb in the sky because it is made out of cheese. It is only when universally accepted beliefs are shunned that groundbreaking progress is possible.

This slow death of critical thinking skills then places financial institutions back in control. They tell you Strategy A is the only way to invest, and since the five different investment firms tell you the same thing about Strategy A, you believe that Strategy A must be So apply critical thinking and question everything when it comes to your investment life and you just may discover that what you have believed to be true for the past 20 years is wrong. Critical thinking was what made the invention of my proprietary SmartKnowledge U ™ long tail investment strategies possible and critical thinking is what will make you a better investor.

Traditional Education Does Not Provide Any of the Courses You Need to Understand How to Build Wealth

If I owned a revered institution of education, I would teach at least 10 courses that aren't currently offered by any traditional universities: (1) The Long Tail of Investment Analysis 101; (2) The Long Tail of Investment Strategies 101; 3) Gold and Other Precious Metals; (4) Major Global Currencies and Their Effects on the World Economy; (5) Investing in Hard, Tangible Assets; (6) How to Leverage Money; (7) How to Identify the Debtor System and Beat It; (8) Corporatocracies: The Relationships of Governments, Banks, and Corporations; (9) Who Controls Money Flow Around the World; and (10) The Myths & Lies of Global Investment Firms.

Every single one of these courses would be a thousand times more helpful in building wealth than Economics 101 or Marketing 101 type courses that are currently offered in the venerable halls of our elite learning institutions. Yet no one seems to want to offer them. Could it. be that those that benefit from this knowledge have no intention of ever sharing it with the masses? This is exactly why I founded SmartKnowledgeU and why I strongly believe that formal education is only worthwhile if you are pursuing a career that requires a specialized degree in medicine , engineering, architecture, law and so on.

Otherwise, years of liberal arts educations or even missing a business major is pretty much useless in helping you build wealth. I have never used anything I learned about marketing theory, economic theory, statistics theory from business school in buiding wealth. What I've learned outside on my own time, massive of the ten courses above, is what I've found to be useful.