A_C_E said:
1. Ummm not everyones goal is to own a business, invest in the stock market and retire as fast as possible but if you asked everyone in the world where they would 'want' to be when they're 50-65 years old they will most likely say retired and rich. And here they are going to school so they become retired and rich but 99% of the population isn't rich and quite often when someone does end up retiring they don't have any financial breathing room because school doesn't teach you anything about finance. 2. There's a reason why so many people are attracted to the idea of being rich and retired but only 1% of the population actually is. I'm not saying don't educate yourself because knowledge is extremely important, I'm saying instead of listening to someone who teaches for a paycheck go out and actually DO something. 3. When I say school, I'm not talking about the courses that are offered by individuals who started their own business so that they could teach you their findings, mentor you, mold you into success. I'm talking primarily about government funded schooling. You know why kindergarted, elementary, middle school, highschool are all free? The government is sending you on an specific path where they can tax you and make back more money from you then it cost to put you in school in the first place. The average employee gets taxed 40%, small business owner gets taked 60%, not very attractive when 80% of the population doesn't like their job. A business owner gets taxed only 20%, an investor gets taxed 0%. Most people don't know these things but most people went to school, and I feel sorry for the people that are going to live paycheck to paycheck working for that promotion so that they can spend more money and still live paycheck to paycheck and be unhappy working at as an employee. These people could have started their own thing, but school doesn't teach you that, school teaches you to become an employee. |
1. I'm not sure how accurate this is. Yes, people want to retire with a safety net and monetary cushion, but not all people are striving to be as rich as possible. I think it is more important to do something you like in the process of obtaining that money. Plenty of CEO's who understand finances perfectly and can make money easily, kill themselves because their lives are stressful. People don't go to school to be retired and rich when they are 50-60. They go to school so they can live a good life when they are 20-50 and THEN retire with a safety net. I personally don't go to school so that I can get a job in an area I like solely because I will have a safety net when I'm 50-60. I will work so that I can live a good life up to and after those ages. If money were the only motivational factor I'd just go into finance or engineering rather than pursue a physics degree with endeavors to be a researcher rather than those other things. I gain personal value in addition to monetary value by persuing such an occupational choice.
2. Only 1% of the population is living comfortably retired? Or only 1% of the population is rich? Rich is relative. I consider most Americans pretty rich compared to people found elsewhere in the world. Most Americans above 60 are able to eat, partake in recreational activites, and do not have to work full-time to pay their expenses. That is pretty good compared to other places in the world.
3. I was confused about that with the MBA statement. It seemed to imply that higher education is a waste as well. I agree, fiscal education should be an important part of school. And I am also opposed to government "schooling." That doesn't make the rest of what you learn in school useless, however. And while I believe public schooling is a very inefficient and controllable endeavor, it is still realized that the main demand for it deals with useful skills like reading, writing, mathematics, and history. Sure there are gaps in what they teach, but that is probably due to the inefficiencies of a the education system being publicly designed for a common denominator. In that I agree with you.
