| sc94597 said: 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. |
Your right and maybe my point kind of came off kind of pushy. I'm not claiming to know how the world works or how people feel, but its basic knowledge that when you talk to people about money they always talk about being rich or living the dream. I'm not saying people should try to make as much money as possible, I'm saying school should be teaching people about finance and accounting especially in highschool. I don't know about plenty of CEO's killing themselves due to stress, but I do know that people in general kill themselves due to stress and that CEO's generally have to bring their work home with them. CEO's got to where they are not because of the love for money (you never want to work somewhere for money, you wnat your money to work for you) but because they love what they do. The richest people in the world do what they want to do which is why I agree with you that people should do what they want to do.
Every single sector in the world gets innovated in one way or another. The best way to innovate is to know what your doing, the best way to know what you are doing is to educate yourself. You should never educate yourself only if your are interested in what ever you are educating yourself with.
Here's the thing though, most people don't retire with a good enough pension. But if they had even the most general knowledge of finance and took control of their own portfolio they not only could have retired earlier but with a lot more financial wiggle room. People talk about it but aren't willing to put in the time.
Keep going for your physics degree, don't stop, I hope your successful, you seem smart. But there comes a time in EVRYONES life where they must sustain certain aspects. Health, wealth, love and happiness are imo the most important factors to living the good life.
1% of the population controls 99% of the wealth. Very sad fact. You say most Americans over 60 live comfortably but actually most have big debt bubbles and there are other reasons why its not a pretty picture for Americans over 60.
Education means to bring out of someone, school puts information INTO people. MBA doens't offer a higher education, it just gives you information and that's all it can do. If someone went to school for 4 years for business, but another person simply opened up there own business that person would learn more in a year then the person who went to business school for 4 years.
