Outrage is useless but data is legion. In North America, it's not just college admissions that is broken. Careerism, classism and racism is further compounded by such complete recruitment dysfunction that those benefiting from it are all too often silent about. Meanwhile, Comprehension Disability is rife.
Due to poor lifestyle choices, students and parents aren't understanding what they are seeing on their screens even when they think they do, further increasing the chances of bad decisions about college. Which is why if you didn't get it, the feature quote (above) refers to the indoctrinated. Student, high achiever, or not. Further, this is part of an extended series tying together financial aptitude solutions with problems of formal education and career insecurity. So the quote is not for people who hate knowledge or school. But, yes. Don't go to college IF academic rigor “bores the crap out of” you and you're broke. Or put your teen through it, if they hate it too.
At a time when Americans with college degrees can't even find the USA on a map yet tech addiction, other substance abuse, and calls to “legalize marijuana” draw loud applause, those not thinking clearly still believe in the paper chase. And if you're not filthy rich and are one of them, it pays to ask: WHY?
Low income parents who don't know better still wrongly assume college equals success. They naïvely believe in meritocracy (click image above), and the one, formulaic, outdated way of making money: The go to school and work for the man/company script. And with no concept of high income career strategies, even the concept of a side hustle makes them cringe. Yet, resources like Over 500 Ways To Make Money FAST, on which this article is based (click or tap images for access) are far more practical than empty assurances by admissions and recruitment pros, one of who told me,“it's a tough business” — even as he conceded industry greed and stinginess vis-à-vis the “talent shortage” lie.
Whether you're married with kids or single, broke, a freelancer or stay-at-home parent going through the motions, ignorantly bleeding money and binge watching TV, movies, streaming music, surfing the web, or wasting time on addiction to dumb celebrity or Reality TV drama, vlogs, or exam prep private tutors and extracurricular activities having nothing to do with financial security, remember: There are smarter ways.Saying you'd do “anything” for a child in many cases, you didn't carefully plan on bringing into this tough world or telling them they “can do anything” they set their minds to is rubbish in a world where most don't play fair. l wouldn't do “anything” to help my child succeed because, to quote Jim Collins: “Bad decisions made with good intentions, are still bad decisions.” The financial literacy most of us never learned in college cost me dearly because I didn't come from a well-connected background. Getting a job and earning fast money made me feel rich. For a while. Except, fast money has short mileage. Unless it's managed like billionaires manage their money.Smart parenting today is about carefully studying job trends, and knowing the link between long-term success, financial stability of your children and actions you take today to safeguard your and their interests, and the financial IQ required. The two images above lead you to actionable iTHiNKLabs Weekly insight, —for curious, sophisticated readers and successful folks. First:
There are college myths. Including law school myths. And having attended both, I'd strongly urge you, unless you want to be financially reckless, to read on, and KNOW and ACT on them early! If you're a low-income parent. Otherwise, you and/or your kids may suffer needlessly, unable to provide or receive dignified elderly care as financial problems mount and student loan debt worsen. After all: “Success is the great equalizer. It is the light at the end of the tunnel.” If you insist?Grant Cardone (in Part 1) is 100% right about college being a “scam” and he's not the only one to notice. Apart from those in the video above, John D. Rockefeller (images hyperlinked), who frankly should be required reading in both minority homes and colleges globally, is also another.Moreover, what Mr. Cardone says about Kanye West's ineptitude in keeping the money he makes plus Wall Street or 401Ks being a scam, resonates. Plus, if in America in particular, low-income folks, millennials or the iGeneration graduated, or saw others like themselves graduate financially literate, steadily gainfully employed, and immune from the greedy whims of the 1%, would college be a scam and the waste of time it arguably is?
Higher Ed is useful ONLY IF you have affluent parents, guardians, source; you've done the Math, are sure that that degree is 100% financially paid for, and guarantees a job(s) well outside the range of job-killing robots. Can't think that far? See #7 below. But don't play with fire.If you're poor, Black, a minority, or you're from a low-income, perhaps even highly dysfunctional family background, the best education for you and your kids is How To Hack Education that sets you up for ethical success and greatness. That is: How to be your own best CEO. Not a student loan slave!
That, plus ANY financial intelligence help and/or financially literate mentorship you can get.
The key to the future, for minorities who are poor is NOT education for its sake. That's after attaining some semblance of financial stability.
For the poor, the key to the future is surgical, tunnel vision strategic learning and growth aimed at setting oneself up for consistent excellence, —with the discipline and grit of a Navy SEAL. To hack, and with great agility, upgrade skills in heavy demand, working, networking, hustling, grinding, offering value, competing and simultaneously proving themselves even as they battle well-documented racial inequities, steadily positioning themselves to seize new opportunities. The goal being to unshackle themselves financially, as upstanding citizens.For poor minorities, going through education systems like sheep will never be the key to success.That is why Dr. Myles Munroe was right to say: “It is dangerous to learn the wrong thing well.”Learn about the Starve & Stack Money Strategy. Read The Bootstrapper's Bible; How to Raise Highly Employable Kids; 11 Reasons Most People Are Broke; Why You Should ALWAYS THiNK BiG; 3 Rules Highly Effective People Live By; or Raising a Black Kid: Insights for Single Mothers (Part 1). Links in Part 1. And remember: 95%-99% of what you claim makes you busy is precisely what makes you broke, because you're ruthlessly supposed to focus on ONLY ONE THING. Even better, do teach yourself:The latter educates, humbles and widens the perspective of ignorant but determined and open-minded low-income folks who don't understand that entrepreneurship is a smarter path than the college/student loan debt/online job board rat race. As they see what 8-year-olds and teenage entrepreneurs like Maya Penn and Caleb Maddix respectively, as well as other kid millionaires, are doing right and are inspired by their vision, career choices, world-changing obsessions and work ethic.
Remember what Grant Cardone says about the Middle Class and adopt it! Because it takes a mindset like his to leapfrog the mythical, ever-vulnerable Middle Class. And it's funny, wealthy, or upwardly mobile people will use this article to make even smarter, financially profitable moves.
Meanwhile, many responsible and irresponsible Black people in particular — from deadbeat dads to single mothers I've counseled or know — are stuck on stupid, rigid, enslaved by the same financial dependency (Loserville) mindset that assumes government or charities are the answer. And this is as true in Africa as it is in the Caribbean, Europe and America, which is lately fast becoming a failed State.
Most low income folks lack Advanced Personal Leadership Skills and so approach life casually. Until there's a crisis.
My rule of thumb is: Don't ever bring a child into this world if you're in no financial or moral position to provide good, smart, strategic parenting for that child.
Whether we're talking about roaming mobs attacking African students in India who had no business being there in the first place (because quality research would have warned them), to Black people at the wrong place at the wrong time getting killed with impunity by racist corrupt cops; be they are migrants risking their lives to get to Europe, Asia, North America, or low income disenfranchised Black people in the United States or Europe, there are smarter way to hack, and then sustain the success, respect and dignity eluding Black people globally. And it begins with strategic thinking and parenting. As well as a firm grasp of just how high the stakes are.
Social Media buffoonery of the type I see Black folks wasting time on, isn't the answer. Nor does it bring low income minorities the respect they crave. Privileged (White) people can afford it.
That's why they need to be strategic. Because escaping poverty takes at least 20 years (with nothing going wrong). Just ask renowned MIT economist and Professor Emeritus Peter Temin. Thankfully, we're Mike Tyson offers proof that: “Everyone has a plan until they get punched on the face.”
That's why determined, responsible, strategically oriented low-income minority parents would be wise upgrade their worldview and knowledge with Grant Cardone's insight above and mine, realizing that:Not everyone belongs in college. In some cases even, high or junior school.
A boisterous Guangdong mentee of mine met me months before started college. And she instantly knew she didn't belong in college in her first week at her Jiangsu university campus. So much so that almost every week she'd call for guidance on telling her parents. Everything worked out. And last I heard, she was happily working as a Sales Rep. in Shanghai with dreams of soon starting a business.
Meanwhile Marcus Hutchins, the 22-year-old self-taught British security researcher who accidentally found the kill switch for the global WannaCrypt Ransomware, lives with his mom and skipped Uni.A college degree, Masters or PhD doesn't guarantee a good job offer anyway. It's all about the specific skills one brings to the table, who they know, who likes them, and deny it or not, the racial dynamics at play. As well as critically, as above, one's negotiation skills. From America and Europe to Myanmar's Rohingya minority. Knowing the keys to early career success, most pragmatic, cheap path to financial autonomy, jobs being eliminated or likely to be eliminated by robots/automation and their implications for your economy is what really matters.
Black People and Minorities in particular from low income families should pursue FTEE. Or careers in Finance, Tech, Electronics and Entrepreneurship. My variation on Professor Temin's FTE.
That means, those strategically forging ahead and shunning all that time-consuming drama, dysfunction and trashy Social Media and Reality TV content to stay well-informed as minority parents, prospective parents or simply young responsible minorities have strategic priorities. Like seeking out commensurate skills to compete for in-demand hard Tech skills. That's how you make college irrelevant. That's how you earn respect, dignity, and perhaps even an honorary doctorate, —as your contributions to humanity's betterment speaks louder for itself in a racist world that would otherwise have you believe all you're capable of is sports and being a suspect.
That's how you become a millionaire or billionaire like John D. Rockefeller, Henry Ford or Sir Richard Branson. Despite never even graduating high school. Skeptical? Then stay broke and mentally weak.Because wasting time in college, smoking weed, partying, impregnating or getting pregnant, and then winding up on Social Media high, bitter, opinionated and trolling whatever the Kardashians, Kanye West, Tyga, successful artists, entrepreneurs or gainfully employed folks, is the stuff of Loserville.
People with no money have no business being part of the meritocracy scam that is college. You don't want to graduate dependent on the diversity hurdle with all its denialist politics, having been indoctrinated with consumerism in the oligarchy that is America and saddled with Student Loans!You want to graduate in maximum control of your employability. As a successful entrepreneur!
I don't know a single Chinese — not in, or from the Mainland where I lived for over a decade — who is saddled with Student Loans. Practically all Chinese, Indians or East Asians I know who aren't in education-related debt derive part of their financial stability from the fact that they are either entrepreneurs, in Tech, Finance or involved in some form of electronics ventures.Black People overwhelmingly meanwhile — and the late Dr. Myles Munroe noticed and explored this observation with Malaysian colleagues — are the only ones still stuck on a “go to school, find a job, and work for the man”-then be an addicted consumer and spectator, hooked on make entrepreneurs even richer until they are broke mindset.
If you're poor, abandon and avoid the be a lawyer, doctor, engineer scam. Learn how to start a business, master why businesses fail — you're going need it — learn how successful entrepreneur founders think, and importantly, how to sell. Start with yourself. And teach your kids early.