It may not make sense to you now but just for you to be aware of these fact, we share with you the final reasons why so many well educated and talented people are unable to make a decent living for themselves.
Rich People Collaborate. Schooled People Compete.
Who is better between Messi and Ronaldo? This is one of the most common arguments in sports entertainment history. There are several versions of such arguments among celebrity fans on who is better. Interestingly, while the fans are arguing, these people are collaborating to give them the next thing to debate about. Rich people are always looking for ways to collaborate.
Our school system is generally designed to encourage competition. It’s not surprising, that most educated people are consumed by the desire to compete rather than seek to collaborate. Nobody cares if you succeed alone, which is unlikely. When you collaborate with other people, you leverage their knowledge, skill, resources and network to achieve greater result. Like the saying from the Holy Bible, “One will chase a thousand; but two will chase ten thousand”.
Low Consumption to Production Ratio
Each time you spend watching your favorite show on TV or YouTube or any other media outlet, you are consuming other people’s product. There is nothing wrong with consuming people’s product. But, how does this increase your value? And What are you creating for other people to consume? Most educated people can afford to be distracted because they don’t think in terms of value creation versus consumption. Does the time you spend on social media add to your personal, career or business growth? Wealth is created from offering value in exchange for monetary value. To increase your ability to earn, improve the value you offer.
Responsibility Vs Irresponsibility
I applaud that you stayed through the rigor of academic work to acquire your qualification. But I’m sorry to tell you this; your degree in itself is for you alone. It does not benefit anyone. Really, what difference does yet another qualification with acronym make? None. It is what you bring to the table that matters. The problem is that most educated people develop a false sense of value, and expect everyone else to see it that way. The market is driven by value not by level of academic sacrifice.
As sad as it may seem, after your four or five years in the university, and more qualifications to follow, you are still responsible for your life’s outcome. And this will be influenced by how much value you bring to the market and to whom you bring the value to. The ball is in your court my dear educated one. People who break out to the life they desire believe that they are responsible for their success or failure regardless of circumstances; And they make the choice to succeed, one decision at a time.
The Numbers Game
There are two common ways to create consistent wealth: one way is to serve lots and lots of people; the other way is to serve people who serve lots and lots of people. As unfair as it may seem, the reason a footballer earn ridiculously more money than a school teacher is because, the entertainer is offering value to millions of people at a time, while the teacher offers value to a few people at a time.
Most educated people only focus on the depth of value whereas highly successful people focus on the depth but most especially, breadth of value. This is why you see an average guy with average idea become wealthy while the intelligent and academically educated guy barely gets by. In the game of money, it’s not enough to be intelligent. You must either have access to the numbers or you have access to the people with the numbers.
J.K. Rowling became a billionaire from selling over 400 million copies of the Harry Porter series. That’s the number game. Interestingly, teachers are now making a fortune by using the internet to reach a large number of people. Are you playing the number game?
Credit: Ifeoma Chime