I can hear the voices of critics chattering, criticizing the title of my write up. Anyway, I still maintain, if you truly want to get rich, don’t go to school. But before I explain why I made the above statement, it’s important I say that people go to school to acquire scholastic education so as to earn good paycheck. After that, they go back to school for specialization thus acquiring professional education so as to increase their paycheck. These two types of education are what are offered in our antiquated school system. It’s not that I’m against going to school but what I’m against is that our education system teaches people only how to work for money. It programs people to become slaves to money thereby getting them trapped in the rat race.
Our school system does not teach people about money, how to make money work for you and for your generations. This is the single reason why there are a lot of people struggling financially all their lives. Financial education is missing in our school system and most people are ignorant of this very important education. The few who understand it as well as practice it daily get richer and live happily. Most people who are financial literate learn it from other financially intelligent business owners or from their books, tapes and seminars. Or it could be passed on from financially literate parents to their children. This gap in our school system explains why I said; if you want to be rich and happy, don’t go to school.
Now, let me use my life story to explain more on this title. I came from a family where my parents were average income earners who struggled financially all their lives to survive. My dad retired as an administrative officer in the civil service after thirty-five years and took up the job of a branch manager in a newly started commuters’ insurance company, a job he worked for eight years before he died. My mum retired as a school teacher and she is currently living on our budget. There greatest investments were our education, their motorcycles and a house in the village. My dad was a public administration graduate while my mum was a National Certificate in Education (NCE) graduate. Both have scholastic education with some professional education but they lack financial education. Thus, they struggled financially all their lives working for money and never mind their business. Growing up, I was taught to go to school, study hard, get good grades and get a good and secured job with nice retirement benefit. Thus, I went to school and focused on my studies seriously and came out with a good grade in 2003. Then I got a job with one of the multinational beverage bottling and selling companies in 2007 after my NYSC. I never understand what financial intelligence meant until after working for three years. I got exposed to financial education through my association with a colleague who is financially literate. Although, he does not like taking risk rather he plays it safe but he minds his business. I started reading books, listening to tapes and subscribed to RichDad.com newsletters. That was the beginning of my journey to financial freedom.
Financial education is learning how to read numbers and the numbers tell the story in your life. It is learning how money works and how to make it work for you. It is learning how to mind your business even when you are still minding your profession as an employee. Financial education helps you to understand the income statement and balance sheet. An understanding of these two and practicing what you know will overtime make you rich. Income statement shows your income and expenses columns while balance sheet shows your asset and liability columns. The fact remains that if you are working for money; your focus will be on your income column but if money is working for you, your focus will be more on your asset column. Working for money means that you are working to earn a paycheck. For such a person, his concern is on earning active income which is otherwise known as linear income. Active income is money that is paid to you for doing a certain work. It requires you to work and you are paid for the time you put in. For instance, an employee works for eight hours per day for twenty four working days in a month and he is paid for the time worked. Again, a small business owner is paid based on the profits he made on the merchandise sold or services rendered during the hours he put in his business. An expert/specialist is paid based on his charges for the hours he worked. These are all active income. You worked and you get paid. You get nothing the moment you stopped working. You cannot be financially free from active income. I’m not saying that earning active income is not good but what is important is how much of your active income is working for you in your asset column?
Don’t forget that I said earlier that you should mind your business while you are tending to your profession as an employee. It is important you know the difference between your business and your profession. For me, my profession is selling beverages while my business is network marketing. You should learn how to mind your business. To mind your business, it means paying yourself first each time you earn an income. That is, investing in real estate, paper investment (stock, bond, Treasury bill, mutual fund or bank deposits), automated business, intellectual property or network marketing. There are two different kinds of personalities when it comes to minding your business. First, those who are afraid of taking risk thus they play it safe. Second, those who learn to control risk and they play it big. Most people belong to the first group. These people invest in mutual funds, bank deposits and other investments offered by investment (salesmen) brokers. The second group is the few super rich persons who through constant education and practice learn to control risk and play it big. They learn to pick their own investments and they build businesses where others work to earn paycheck while their businesses pay them rich passive income.
In my case, I started from the first group. In 2010, I was exposed to financial education and started my learning. Based on my understanding, I started investing a certain percentage of my monthly salary in buying assets. First, it was stocks. After the stock market clash, I moved to real estate. Within 2010 and 2011, I invested over N300000 in the stock market though most of them crashed and I was able to buy a plot of land for N450000 which has appreciated to N800000 as of now. I also have bought two long term insurance policies that I constantly pay my premiums. You may ask, but how rich are you now? What kind of car are you driving now? What part of Lagos are you living? As for how rich, it is not a get rich quick scheme rather; it is about building your asset column consistently such that it grows to the point where your passive income will be bigger than your living expenses. Then, you know that you are free. As for what do I drive and where I live, these are liabilities and a financially intelligent person defers gratification and concentrate in building his asset column. Later, he buys luxuries with his passive income. While others spend their active income in buying luxuries, a financially intelligent person cut his expenses so as to have surplus cash flow to buy assets.
As of 2012, I improved further and gradually I’m moving to the second group. I have succeeded in registering a business and one of what I do is network marketing. In case you don’t understand how network marketing can help you build your asset column faster so as to become rich and happy, kindly check my website. I've also thought out plans to play in real estate, paper investment and intellectual property markets in the shortest future. These are more of goals than mere plans. They were very strong dreams which I have visualized clearly and the pictures have been formed in my mind as well as held in my dream picture board which I look at daily. It is only time that is between me and them. I’m so much convinced about them and nothing deters me from pursuing them.
These can be achieved by anybody who desires them and is committed to it. But, it’s important I tell you once more that if you want to be rich and happy, you need to get beyond your scholastic and professional education and acquire financial education.

Haba...

It is highly adviseable to go to school..

I just finished reading this writeup from A to Z and I say kudos to OP.

Permit me to give my blog readers at my webpage w w w . legal wealth creation . com
and what source link or name do you want me to add to it and can you be our guest poster and we will surely appreciate you.

Are you into Avenues To Wealth ?

wow... nice but your title sounds like an excerpt from Rich Dad, Poor Dad..

Gud article bt hw can student do this.

martfrank: Gud article bt hw can student do this.

Good and great question...

But this is simple as you can automate things after carefully selecting some online and offline business that will you suite your course.
I'm a living example though...

I quite appreciate all you ve said but how would i have been able to read your write-up if i did not go to school?

Legalwealth, my link is stated on my signature below every of my post. My name is Uche E. Udembaozoh. As for posting my article in your blog, you've my permission, all you need to do is add me as one of your blog's writers. Periodically, you can visit my blog and copy any post that fancies your interest. It may also interest you that I'm passionately involved in A2W and I'm driving my business with every sense of commitment.

Acidosis, thanks for your compliment. One of my mentors taught me to copy other people's success strategies with pride, that is, pick the idea, modify it and bring in your own uniqueness. It may also interest you to know that Robert Kiyosaki is my hero and I imitate him a lot.

Markfrank, students can do what I prescribed in my article. I think we may need to talk more about how you can start the process. If you truly want my help, send me a Facebook inbox message (check for Udembaozoh Uche on FB). Kindly include your phone number so that I can contact when I see your message.

Floxxi, kindly check the concluding paragraph of my write up. I'm not against going to school, because I did go to school too. I'm only saying that apart from acquiring scholastic and professional education, we also need financial education which gives us financial intelligence so as to enable us solve our constant money problems with ease.

I use to think this way too, that going to School and acquiring all the certificates is not a determinant for success, but sometimes i also develop this feeling that if i dont go to school how would i have been able to read or be a partaker in a forum like this.? I do a lot of youth empowerment programmes and i preside over 3 youth organizations where i talked to youths that its either you learn a trade or a skill the moment you discover that if you go to school, you will not do well.

My advise is that go to school if you can and i use to tell people that going to school is also a privilege to those who have the money because education is something else now in Nigeria. I have also discover that most of the things taught in school manages or can be used to tackle just 20-30% of issues that directly affects our lives. The best solutions and training are got from Seminars, workshops, books(financial and Motivational ones). We were taught to find "x" in most of our maths questions in School, but in most of the places we work we have never been asked to find "x" but what we do is wake up-go-to-work-and -come-home. My conclusion is go to school if u have the opportunity just to prepare ur self for the ordinary life threatening issues and also be prepared to ATTEND A SPECIAL SCHOOL ON THE REAL LIFE THREATENING CIRCUSTANCES e.g financial, joblesness and others, here you will have to open your mind to learn and acquire real solutions to real problems. Thank You

School all the way, Go to school learn and learn. Schooling has made multimilionaires than any thing. The best investment is into your brain. Others come in as a result of your entreprenureship drive. Schooling enables you to reduce complexity to simplicity. Whether stock , real estate , business or technical knowledge you need education.

Life is fun and interesting when you perceive your daily living as vacation. The fact is that the moment you discover your purpose in life and align it with your passion/talent, everyday becomes fun. Your vocation becomes vacation.

But, this does not just come like that. What you need to do first is work on your attitude, have big dreams and start small. Discover your passion and purpose in life. Then start working towards achieving it. It's important you have heroes (role models) and mentors (coaches).

Very importantly, you need to be financially intelligent and within a specific short time, your life will change for good. Do something right way. May be buy a good book and read. Start taking action on what you learned from the book. Attend a related seminar that can help you start improve the knowledge you acquired from the book. Set goals for yourself and track your achievements.

See you at the top.

Quite agree with you that Our school system does not teach people about money,and how to make money work for us and for our generations.But with what our school system provides now coupled with serious mindedness one have for success in life, i think some times it's all about being in the right place at the right time and like some one put it one need to work on ones attitude then discover ones passion and purpose in life and start working towards achieving it

majority of people who are successful internet marketers today and most other professionals didn't learn what they know or doing today in school but that little acquired from school still make the difference than when there was non should that be the case it would be worst. Although not much is given but at least school prepare ground on which to build on.

@OP, nice write-up.
The title of your thread is highly deceiving as against your summary. Plz rephrase ur topic oo.

Success+:
I tell you once more that if you want to be rich and happy, you need to get beyond your scholastic and professional education and acquire financial education.

I was able to read this because i went to school.
You were able to read books and learn financial education because you went to school.
You could write these because you learn to write in school.

And moreover, this advice is more theoretical than practical (IMHO).

Hahahaha! Vizio, the technique used in that title is called "Controversial Caption Advertorial Writing". If I have used something else, it's only myself and a few friends will read my article and get the message. But my title is making more people get the message I want to pass out in that article.

Bro, so many persons need to get that information so as to help themselve out of financial struggle called RAT RACE.

well, just dt people want to get the guy wrong and may be he did not put well. because as for me i will say i always say it that you dont need masters degree or phd or other qualifications. any thing yuou can get from ur fist degree its ok. by then you can read and write and even see the trends in your society. after that u can go for financial education the guy talk about, but as for all what the guy said infact kudus to you. but i need to get some information from your on network marketing

Lakol, you can reach me on 08152694055. I'm willing to attend to your needs on network marketing. You may follow my thread on network marketing success secret on nairaland https://www.nairaland.com/937649/network-marketing-success-secret-strictly

It'll interest you to know that you don't need to wait till you finish university before you acquire financial education. You can start doing so while you're in the secondary school till you graduate from the university. Financial education is a lifetime education...it's a continuous learning. Remember, it is not taught in our conventional schools. You acquire it through books read, seminars attended, consultation from mentors and personal life practise. Failures as a result of mistakes in life are part of financial education. It's the best way to learn and play in the game of life.

Sound formal primary to secondary school level education is necessary for purposeful life journey, after that the best education any one who wishes to be financially successful and well informed in the events of life need is self education- Yes continuous self-education I say . Self education will make you a fortune ; while formal education will make you a living . However, since everyone can not be entrepreneur , therefore those who have flair for professional career(s) need to proceed with higher education at least to gloss either their ignorance or intelligence to enable them reach the peak in their callings.

if you are i into sport betting "(football) visit www.betagist..com and i promise u if you follow him u can never loose again he makes his living from sport betting

Always go for your dream and never allow fear of failure deter you from doing what you dreamed. I advise you guys to read the book, Emotional Intelligence by Daniel Goleman.

I appreciate the guy that is into online sports betting. But, it's also important to get financially intelligent so as to learn how to make money work for you instead of working for money.

See you at the top!!!

Somebody once confronted me with the question; "Why do I need to be financially intelligent? I tried to explain to him but he couldn't get it. I found out that the guy is not open to new ideas so a left him. You know, the mind is like a parachute. It works well when it's open. So many people has allowed their mind to be closed by different militating societal factors. But, you future is in your hand not in the society's hand. Learn to develop your mind and you'll outpace the societal problems and challenges. In fact, with a developed mind, these societal problems will be a blessing to your bank account. Because, you'll be ever happy as you solve one societal problem to another with your values. And you know, each value created is your wealth(oil) well.

If you want to know my detailed article on why you need to be financially intelligent, visit https://www.nairaland.com/1077190/wealth-creation-luck-skill.

See you at the top!!!

The 3 Most Important Management Skills For Business Success.

1. Management of cash flow
2. Management of people
3. Management of time.

Management of Cash Flow: This skill enables you to read and understand the numbers and the numbers tell the story in your life. By this, I mean your ability to understand simple income statement and balance sheet is what shows if you'll be able get out financial struggle in life. Your income statement shows your income and expenses while your balance sheet shows your asset and liability. If you don't understand these, you'll struggle financially all your life.
Friend, you should know that everybody has a responsibility to mind his/her business. When I say mind your business, I don't mean only those that have one merchandise or service that they're selling. Everybody who earns an income should mind his/her business. By this, I mean, you should mind your asset column. By the way, do you understand what an asset means? If no, let me define asset and liability in a lay man's term. Asset is anything that puts money in your pocket while liability is anything that removes money from your pocket. Example, if you buy a 21" LCD and it's sitting in your sitting room, it's a liability but for the guy who is using his for a viewing center business, the LCD is an asset. For a man who builds a house that accommodates only him and his family, it's a liability but if he has a tenant, the house becomes an asset. This is common financial intelligence.
It's very important you learn how to manage your cash flow. Cash flow is the difference between your income and your expense. You need to know how much you earn monthly and how much you spend monthly. This call for budgeting. You need to track you incomes and your expense. A lot of people spend more than they earn thus they have nothing to show for their efforts in life. Good management of cash flow means that you learn to keep your expense low and use the excess income to buy assets. By consistently investing in asset, you're gradually ameliorating your financial struggle. Money invested in your asset column is your own employee which is meant to be working for you. You're not meant to deplete and consume your assets. Doing so is like firing one of your staffs without replacing the vacant position. Definitely, it'll create gap in your business.
I can help some people saying that there income is not enough not to talk of excess which will be used to buy asset. Let me tell you that your income will never be enough. Primary economics tells us that human want is insatiable while resources are scarce. Therefore, your income will never be enough. What you need to do is to learn to reduce your expenses on liabilities. Learn to identify your needs and drop your wants. Then, draw a scale of preference and use it in your daily expenditure. Most importantly, learn to pay yourself first. Whenever you earn any income, remove a certain percentage to be used in buying asset. Make it a habit. If you're a salary earn whose income is paid through bank, you don't have much problem. You don't need to be disciplined. All you need to do is to place your financial freedom on automatic. Just give your banker a mandate to debit your account on a particular date when you know your salary must enter and to create your investment company's account. You can invest in insurance, stocks, cooperative investment, treasury bill/bond, real estate, intellectual property, automated business or network marketing business. An investment in your education (personal development is very essential for success). If you learn to put these into practice, you'll get out of rat race easily.
I'll continue on the second skill next time. See you at the top!

If you want a good business club to join that will assist you financially, educationally and otherwise join the Smart Business Association
you can contact me at victoriajoshu@gmail.com or call 08120210021 for more detail

Hello,
Are u in anyway a fan of Master Robert Koyosaki? Have you seen his original manuscript non this. Please we are in the same school of thought. If u r on bbm, kindly furnish me wit ur bbm pin, so we can get talking, or write me on :timipowei981@yahoo.com. Like minds like ours will really make this happen and someday change dis country of ours.

There is power in mastermind and that is why the good book; Bible, said one chases one thousand but two chase ten thousand. If you are not in any mastermind group kindly identify like minds and start synergizing to achieve more in your life. For your information, if you're positive minded, self motivate, enterprising and living in Lagos, you have the opportunity of being part of my SuccessPlus Mastermind Team. Just four persons only to join myself and my partner.

The secret that keeps making the rich richer, the rich knows the different between asset and liability And they go for asset.

Nice write up

nairacoded.com:
Nice write up

Thank you so much for the appreciation. It's inspiring when you know that people appreciate my writing.

Nice write up but not d title that goes with it. If everyone stays at home n dont go to school, do u want to turn native doctors to medical doctors? That a handful of people that didnt go to school r lucky to have oppurtunities n make use of them does not mean u shud advise people that want to be rich n happy not to go to school. Now u mentioned sometin bout liabilities n assets. I like that but without trained architects n civil engineers who went to school how will a nice house to turn to an asset be built? Without mech engineers how do u manufacture a car u may decide to turn into an asset? U see if people do not go to school, they r simply shooting themselves in the leg. Education gives knowledge. What u advised on finance literacy is good.but pls dont mislead people by makn dem bliv that if dey wnt to b rich n happy dey shud ditch school.

Negro1: Nice write up but not d title that goes with it. If everyone stays at home n dont go to school, do u want to turn native doctors to medical doctors? That a handful of people that didnt go to school r lucky to have oppurtunities n make use of them does not mean u shud advise people that want to be rich n happy not to go to school. Now u mentioned sometin bout liabilities n assets. I like that but without trained architects n civil engineers who went to school how will a nice house to turn to an asset be built? Without mech engineers how do u manufacture a car u may decide to turn into an asset? U see if people do not go to school, they r simply shooting themselves in the leg. Education gives knowledge. What u advised on finance literacy is good.but pls dont mislead people by makn dem bliv that if dey wnt to b rich n happy dey shud ditch school.

Negro1, thank you for taking your time to read my post. I quite appreciate you response and want to say it once more that I'm not against going to school, afterall I did. What I'm against is you limiting you learning scholastic and professional education. You need financial education to balance the first two so that you won't be living below your means because of poor money habits.

People say that investing is risky but I've discovered that what is really risky are the person investing and his plan. Investing is not risky and what you need to remove the risk is education.
Decide on your plan and start educating yourself on it. For me, my investment plan is building businesses first. And moving to real estate second. I'm leveraging on the network marketing system to build solid global business and live is good. The most interesting thing is that I'm doing that alongside my full time job without each distirbing the other. It may interest you to know that I'm out to show just 4 persons who sincerely want to make it via network marketing how I'm earning constantly in dollars through this system. Visit http://successplusteam.com/the-unemployed-millionaire.pdf/ to download my free special report.

Stop writing Rubbish U Deceiver, U Are An Illiterate, Why Should U Write Dis Nonsense, U Can Never Be Truly Rich And Happy, If U Don't Go To School, D Person Who Wrote Dis Topic Is A Liar, Do Not Be Deceived By The Nonsense He Is Writing Here

Success15 Stop Deceiving People U Are An Illiterate, What U Are Writing Here Is A Lie, U Are A Big Liar, How Can A Person Refuse To Go To School And Yet Is Happy And Rich, U Are A Liar