9 Reasons why Many Educated People Are Poor

9 Reasons why Many Educated People Are Poor


9 Shocking Reasons Why Many Educated People
Are Poor Why are so many people poor, even after having
many degrees? In this video we’re going to be sharing
with you 9 reasons why so many people who are educated are still very poor. Reason No. 5 is the most important so try
and watch this video till the end. Reason No. 1
Many educated people are poor because financial education isn’t given in schools. Wait a moment and think about it, each time
we mention education, the first thing most people think about is school and whenever
we think about school we assume that school should teach children everything necessary
about life. Uhhhmm, the opposite is the truth. Take for instance, you can be a medical doctor
and really know a whole lot of things about medicine, or be a lawyer and know everything
about 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, again, that doesn’t mean you know anything
about money. Hahaha.. 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. And because you know nothing about money,
you may be dead broke, even with 5 degrees. What’s the way out? Get financial education by reading good books
or listening to good audio training about money. Reason No. 2
Second reason why most educated people are poor is because most people become uneducated
immediately after college. What exactly do you think education is? For so many people in the world, education
is that degree they go and get at the Harvard. For so many others, education is their certificate
and degrees. Don’t tell anyone! Education isn’t what you get in the classroom. 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 meaningful anymore
as they believe they are already educated. Because this people don’t take time to learn
new things, they are 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 what you drink one time in your
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
are likely to love job. Let’s face it, because school was design
to train you how to be an employee, the more time you spend in that four walls, the more
you’re likely to love job. Because job doesn’t give you leverage to
create wealth, the more you love job, the less you’re more likely to be poor. In a simple math, loving job simply means
you are going to work for the rest of your life with a single brain and with two hands
and nobody in the world create wealth that way. Truly wealthy people are people who could
work with ten, twenty, fifty brains and more and unfortunately no job allows you to do
that. So because you cannot work with hundred hands,
or work with fifty brains, you don’t have the leverage that other people like entrepreneurs
have in creating wealth. What’s the way out? While everyone cannot be entrepreneur, 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, invest properly and be financially
independent. Reason No. 4
The forth reason why many educated people are poor is because so many people who believe
they are educated are actually arrogant. So many people, because they have degrees,
tend to believe these other guys who dropped out of the college or this other guy who didn’t
finish high school doesn’t know anything. In this case, they are not humble enough to
listen or learn. What most arrogant people don’t know is
that young people, no matter the level of their formal education, are the ones who know
where the world is going. And for few of the young people who really
know what they are doing, they know so much about so many things that older generation
don’t know. Look at the internet for instance, so many
people who are 50 years old don’t really understand anything about how the internet
works or how they can use it to create wealth. While on the other hand, an average 17 years
old guy knows so many things about the internet and many of them are building wealth, right
from their homes, using the power of the internet. Do not be unnecessarily arrogant because you
think you have degrees. Many young people who never go to college
are building unbelievable wealth, using modern technologies and the internet. Be humble and learn from the next generation. Reason No. 5
The fifth reason why many educated people are poor is because so many highly paid people
buy a lot of liabilities. You see it everywhere. A guy who earns seventy thousand dollars a
year thinks he’s rich. Most expensive smartphone, latest cars, the
biggest TV set, the most expensive cloth and shoes, wristwatches and vacations. Listen people. The amount of money you earn doesn’t matter
as much as the amount you invest into your future. Reason No. 6
The sixth reason why so many educated people could be poor is because many highly educated
people do lose their jobs. In today economy, it doesn’t matter how
much education you have, it doesn’t matter how much degrees you have, anything can happen,
then 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
your business to the possibility of losing a job, then you are 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 and situation could
cause an entrepreneur to lose his business, most at times, because these guys created
their businesses from the scratch, they know how to start all over again, while the other
guy who has a job has only the option of going out there and look for another job, which
in this case he may not get a job as good as the one he invested his last decades on. Reason No. 7
The seventh reason why many educated people may be poor is because of the college debt. As at the time of making this video the average
student loan borrower has $37,172 debt after college
That’s just an average. Some student leave college with as high as
$200,000 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 7 years for an average
college graduate to break even with his student loan, now it takes one decade. Now you see why highly educated guys could
have enough debt to pay for all their lives. Reason No. 8
The ninth reason why so many educated people could be poor is because the more time you
spent in the classroom the more you are likely to live your life alone. This is what I mean by that, so many people
who are able to build substantial wealth in the world are people who have mastered how
to collaborate, how to build a team, how to work with other people, how to get people
of different skills and strengths together and achieve a single goal. Unfortunately, school was designed to teach
you direct opposite of that. In school for instance, your are trained to
do your assignment alone, to do your test alone, to do everything all alone, while in
the real world you need collaboration, you need to pull people together, you need to
get people to come together to work on a certain goal for you to build wealth
Reason No. 9 The eighth reason why so many educated people
could be poor is because taxes are made for them. In August, 2011, Warren Buffett wrote an opinion
piece in the New York Times in which he wrote about his 2010 Federal tax rate of 17.4% compare
to 36.0% average rate paid by the twenty other workers in his office. How come the poor pay less tax than the rich? Tax law everywhere in the world was made for
the employees, so the more money the highly educated people make, the more government
dupe them. Hahaha.. If you love this video, our team will be VERY
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100 thoughts on “9 Reasons why Many Educated People Are Poor

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  2. It's not the problem with education. It's with the economic system that doesn't protect small or medium business so all the people must be employed to the rich . Wealth inequality Wikipedia.According to the OECD in 2012 the top 0.6% of world population (consisting of adults with more than US$1 million in assets) or the 42 million richest people in the world held 39.3% of world wealth. The next 4.4% (311 million people) held 32.3% of world wealth. The bottom 95% held 28.4% of world wealth.

  3. An employee's job depends on the decision of another man, that's the reason why I don't have and don't need a boss at all. Instead of scoring 100% on an exam in school in which a student is basically being happy for nothing, I make at least a thousand dollars a day doing my own business in which I have created and designed for myself which is never ever taught in any schools.

  4. Agree totally! Many people have 5 high education struggling for a ”better job” like ”office job”. For instance, personally I didn’t learn about money and real life at school or college. After all, a financial education and motivational youtube videos made me to open eyes. Everything is in our minds. The old system education makes you poor and just to become an average employee to get in Rat Race.

  5. In order to create wealth, the only necessary thing to do is to solve a problem. Imagine, if you could solve a common problem like a cheaper desalinization process to be able to drink seawater, then you nailed it.

  6. An uneducated person who is wise will seek to educate themselves about the important things in life. Money is one of those things. An "educated" person who has no wisdom won't do that. They will whine that nobody formally taught them these things.

  7. But we need education, otherwise we won't have lawyers, specialist Doctors, engineers who design technology, coolese can't be done by college dropouts, while others can succeed without education, we need educated people for critical jobs

  8. 1. Can a college dropout design a bridge
    2. Can a college dropout represent you in court
    3. Can a college dropout perform a heart transplant
    4. Can a college dropout become an Actuary
    5. Can a college dropout become a chartered accountant
    6. Can a college dropout design an I phone
    7. Can a college dropout be a town planner
    8. Can a college dropout research a cure for HIV, diabetes or cancer
    9. Can a college dropout be an engineer in a mine or factory

    We need educated people, regardless of how much money they make, these people were put on earth by God Almighty to serve the people on this earth. If everyone went hustling without education, we would lack new inventions, like fast trains, bridges that cross the sea, military technology, recently South Africa became the first country to do a penis transplant, because of education. Guys let's preach education while learning financial management, not only greed and riches, all the way from South Africa.

  9. There's a difference between being educated and just completing a diploma or degree. I know people with electrical engineering diplomas but who can't explain what is voltage or current, ohms law.

  10. Success Secrets TV: "reason number 5 is the most important"
    Other people: watch fron beginning till the end.
    My older brother: watch from beginning till the end of the video.
    ME: skips the video to reason number 5😎😎😎

  11. THANK YOU. REALLY. LOVE YOUR VIDEOS. I AM DOWNLOADING THEM TO SHARE THEM IN CLASS. I AM A TEACHER, AND WE ARE POOR IN MY COUNTRY BECAUSE FINANTIAL EDUCATION IS NOT AVAILABLE.

  12. I want to work jobs for the rest of my life. I hide my degree to get interviews because especially in a stupid country like Canada no employers want university graduates

  13. Most people with Masters degrees and PhDs etc. I know are spoilt brats. They have rich parents and/or get massive handouts from taxpayers money. They will usually end up with sizeable inheritances. Therefore they enjoy very comfortable lives "studying" (aka watching Netflix and partying in bars) and don't care about saving money or investing.

  14. Is this this why most celebrities die poor…while we love n support them as fans..by time we know or hear that there dead.🙄🤔we alway think there RICH,RICH$$$$$$$$$$$$$$$$$

  15. Student loans! This damn government doesn’t want an educated flock. That’s why you can’t get away with not paying those loans back. Oh, it’s okay to rack up credit card debt and get out of it in bankruptcy court, but not those pesky student loans.

  16. Educated people have pride and proud because they can be earned many degrees and when comes to real-life they fail…

  17. I have a year of college but my current profession only requires a GED or Diploma and an easy to get license. I was shock to find out that you can make up to $70,000 a year…which I am on my way to do so this year. So I don't care what people think of my profession little do they know that I am making more than an average 4 year degree employee.

  18. I did not finish high school or get a degree. I own everything I have including my house, make piles of money and own few liabilities. I've hired people with degrees, I feel bad they got in such a deep debt. Money can be made a million ways, a degree is never required to make lot's of money. A degree is a launch pad for certain practices of life of which the earnings will be based on experience ultimately. I always tell people, if you are going to school, pursue who you are, not what pays the most.

  19. Yet people still prefer 10 minute well briefed video rather than going out and doing option B.
    Which is buy the book , "Rich Dad Poor Dad " read it and while watch this video.

  20. So forget school and start life ??…..some good advice for Young americans 🙂 ..In Asia they think the opposite …but US is still number one you'll say ..(nb: in the US  success   has been assimilated with .money… it is the latest   western "cultural revolution "…the way you get is not considered important anymore…..i am wondering what the future will bring .. nb/ I dont think you are "rich" …:-)  so you might not be the best adviser  for US ..

  21. a lot of guys earn good money, problem is they spend them instead of investing them. Buying the s&p and holding it for a few decades would definitely lead to profits

  22. Military service is what gave me an edge. As a retiree I receive retirement pay and am working to turn it into wealth, my goal is to become wealthy within the next 15 years.

  23. The System wants to keep the average person deaf, dumb, blind and stupid beckoning at every turn to spend, spend and spend on items never needed or wanted. Overspending on a host of items and servicers is all The System wants you to do. All education and no intelligence is not going to change things.

  24. Well I am one of those highly "educated" people who you are referring to…… and I ENJOY my lifestyle….. and I ENJOY spending lots of my time in my classroom, helping my students to understand difficult concepts in ELECTRONICS (a field that has made it possible for all internet bozos "to get rich")….. it does not bother me in the slightest that I would be considered 'poor' by your standards (or anybody else's standards for that matter).

    The world NEEDS Engineers and Scientists to prop up the lifestyle that rich people love to flaunt ……. so instead of branding education as "useless" just because you managed to get rich without it….. and as I have said elsewhere, realize that you will one day NEED a Doctor to take care of whatever medical condition threatens your life (and as you get older it will be a CERTAINTY that you will need one at some point)

    Again ….. do NOT take the "YOU" personally…… I just have a particular peeve against those that think they are better than everybody else …. simply because they have acquired "millions of dollars"……. I will not be bothering my head about money and I WILL NEVER LACK ….. how come ? ….. because my Bible tells me "My God will supply ALL MY NEEDS"(Philippians 4:19) ……. feel free to mock if you want …… I DONT CARE …. have a great day 🙂

  25. A waste of time and money in some disciplines. Government jobs are one of the best employers with steady advancements and world travel galore.

  26. It's funny how you mention taxes, b/c after one make > $1,000,000 in wages as an "employee" in the US, their tax rate is about 50%, which is absurd

  27. You can get that expensive house or drive that fancy car and show off to people, but do you know how much it would cost you for maintenance and repair?

  28. Why we need to be rich?having expensive things around??a simple life in the nature..with my man..our love,simple food..books,our pets..music..garden work..is needed just health & love to be happy..to be free..

  29. Those who really earned their degrees are always fine cause they are smart. Most likely this is about "purchased" degrees.

  30. The more "educated" you are, you will then realize money is just a piece of paper & and does not bring happiness but only corruption to the world

  31. Formal education is a modern system of slavery that you can’t feel early. It is all about paycheck to paycheck oriented like your dad. But try to be free and be your own boss.

  32. The fact is that we live in an economic world. The school system and educational system as a whole is designed to mold you into a working slave a.k.a employee because the wealthy need you as leverage to work for them. That's why employers look for people who are "highly educated" and graduated with honors with high grading scores. What does that tell the employer? it says: This person is applying to this company but we need some form of measurement that they will be obedient and responsible in getting to work on time, follow orders and dependable to pull all nighters if needed. they did their homework and ultimately received a piece of paper that shows they are a good fit as a follower in the system. Congratulations, You're hired. However it's not only the employer who loves this, its…… The IRS. Employees are the highest taxed and are financially raped every day of their lives. Many businesses are favored by the tax system so they get huge tax benefits to lower their bill a good amount. in some cases paying almost $0 but you as a hard working educated college graduate, you get the financial stick up the ass every time you get paid. Not to mention you're also taxed on all your other bills like phone bill, cable bill, Gasoline, food, etc. Many respond with "Yeah, but I put money in my 401K and retirement plans that enable me to get a big tax break when im in my 60's" LOL…. Wall street and banks as a whole have really pulled off one of the greatest cons in history by making people believe this shit. In other words, hand over all of your already massively taxed earned income to us and we'll use it to gain wealth NOW so that you can potentially gain some breadcrumb wealth in…. 30+ years. Entrepreneurs try to think on their own and figure out ways to wiggle around all this B.S. because that's exactly what it is… B.S. You need to make money and lots of it to do well and live well. The landlord, banks and businesses / services you pay for could give a rats ass that you have a degree in XYZ, They want you to have money to pay.

  33. Education isn't about money . to become an employee and get paid to buy your needs. Your ancestors was getting their needs without all that.
    Education is about knowledge that can make you serve the humanity as a hole everyone in his/her domain for a better us . We still have a long road . We will be advanced with time and get rid of a lot of our problems .what ever we want .will be

  34. yep… A students are good employees – they take the task dead serious… like it is the end of the world if they get a less grade… and, that is probably the reason they don't create wealth, while C and D students are building network – are working at fast food restaurants or practicing a new work every single semester so they create wealth beyond the formal education system.
    I'd never claimed that you shouldn't know how to read, write and calculate…. because, you do need to know… But, what is more important is to know how to sell, negotiate, know how to do research, etc. and yes research is all you do in school all the time – but, practicing selling and negotiation which is the bed rock of creating wealth that can be only accomplished through working experiences.

  35. You despise the middle-aged and old too much. You are right that sxhooling is isolating and indebting and that the educated workers are highly taxed.

  36. What about people who wanna be scientists, doctors, physicists? You can't do that without going to university. Education is definitely important.

  37. An interesting video but fundamentally wrong. 1. Wealth is not desirable. 2. Making money is distasteful and new money is not classy. 3. Knowledge is beyond wealth. 4. Wealth is not a measure of success. 5. Critical understanding can be worked for but not be bought. 6. Knowledge is priceless. 7. A cynic knows the price of everything but the value of nothing. 8. Uneducated but rich people have stood on the shoulders of the geniuses who studied so they don’t have to.

  38. Arrogance some high IQ/high degrees will not take jobs below certain wage, but there are many factors, luck-both good and bad, etc. "Educated" is just a sound coming from the vocal chords…knowing who you really are, beyond ego/false self….otherwise your all intellect, thoughts…all knife, which is useful except when it's not…Alan Watts?

  39. its suppose to be like that. imagine if everyone was financially literate… the elite would have no power. its design to control and keep you suppressed so that they have leverage over you.

  40. Cool Divide and Conquer: The ruling class will always have one thing over you. It is the physical materials of the World; however, they can never take your Knowledge away from you. Knowledge is power, Education is the start.

  41. Right… There's a difference between academic intelligence and "life intelligence"… Also, you must have talents and abilities beyond a college education if you expect to be a great businessman, inventor, etc. I a homeless woman living out of her car in a parking lot. Her license plate frame said, "UCLA Alumni" – 6:34

  42. Ask my ex co-founder. He did a PhD. And was struggling in London to find a job or to stay in one. Help him to keep afloat. As a return of the favor, he helped others to install cams in my toilet and humiliate me and my family. Nice eh?

  43. Educated people increase productivity working in company and increase gdp
    As gdp is increased economy is increased
    If educated people don't do job then gdp will decrease and economy will decrease and there will be poverty everywhere
    And business men are the main culprits for economy because they don't increase gdp
    So respect job workers
    Especially engineers

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