In this episode I wanted to address the idea that so many people deeply believe about traditional education that are not true about financial education.
The first one, the idea that in order to increase your income or become more successful is to go through more schooling. The idea that a Bachelor's degree doesn't cut it anymore and that you need to get a Masters or A PHD in order to make enough money. I break down the math behind it to prove that the cost of getting a graduate degree can be detrimental to the financial success of a person.
Second, the idea that building wealth is rocket science. Not building a pyramid scheme, or multi-level marketing business, but how almost anyone can become wealthy if they find a way to invest from a consistent basis every month from the time that they start working. How if a person can start investing $300 a month from ages twenty to sixty five, they can amass a portfolio of over 10 million dollars depending on the rate of return.
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