An Oxymoronic Education

When I started my path to what I thought was a career, I took the traditional route. I earned good grades in high school. I went to college. I earned my Bachelors of Science degree in Business. Since earning my degree, I’ve often wondered if they call it a BS because it’s a bunch of BS.

Vibrant and Intelligent Energy

Yesterday I had the great priviledge of speaking with a group of Junior College students. I must admit, at first I thought it would be nothing more than a “civic” duty. However, I hoped to influence at least one of them to become a free-thinker.

What I found on the campus was young vibrant and intelligent energy. I found students who are wise enough to realize that going to school, earning a degree, to only get laid off because big money corporate jerks mishandles funds, is not the right best way to go.

Need the Right Map

What I found was a group of students who want to be entreprenuers, but don’t have the right map, and certainly don’t have a curriculum that meets their needs. However, I also found students who were hungry enough and open enough to take heed to one simple bit of advice – College is designed to train you to be a successful employee.

College is not designed to train you to be an entreprenuer. Find a mentor who not only does what you want to do, but lives the life you wish to live. The is extremely key, because in the big scheme of things, it’s never about the money, it’s always about the lifestyle.

http://www.amazon.com/Want-Rich-Happy-Dont-School/dp/0944031595#reader

Comments

  1. Great post Michael… and Randy, it’s impressive to see someone so young with the right map.

  2. Hi Michael,

    Thank you for writing this small but powerful message in this article, “College is designed to train you to be a successful employee.” I am 18 years old and a senior in high school. I have been a Lifestyles member for 6 months now. I have learned that attending college for the purpose of getting a high paying job is NOT the way to build wealth in any way shape or form. Fortunately I have grasp this simple concept before graduating high school and attending college to pursue a high paying job as a employee.

    Now this is not putting down a college education in any way. College is GREAT if you have a passion in a interested career field in witch you would like to pursue. BUT understand the fact that college is not going to make you financially free by having a high paying job.

    In order to create wealth and become financially free you must have a mentor who has the results you want and imitate them. Never go to the 60 pound over weight man and ask him how to get in shape.

    I can not stand listening my economics teacher give bad advice to students to go to college and get the best high paying job you can find. She even said, “Kids you better go and find the best high paying job that you can see yourself working in for the next 50 years because this economic trend does not look good!” I also had a guest speaker in my government class come in and explain how “great” a 401K plan can do in a matter of “only” 30 years.

    After graduating high school next month in May, I plan to start my progression as a real estate investor with a single family partner of mine. After educating myself though Lifestyles and though books I have read, I have found my true passion, a entrepreneur and real estate investor.

  3. Randy. Wow! You have wisdom beyond your years. And you’re only 18. I see Billionaire in your future. I wish you nothing but the greatest of success.

  4. Horacio Rodriguez says

    I am amazed and excited to see one of my students taking the initiative to join LSU and post up here to the message board. If I only had more students with this type of motivation and drive. I remember talking to Randy last summer after I first joined LSU and how excited he got. He burned through the reading list and then joined up with his family. Way to go Randy, I wish you much success with your upcoming graduation and future real estate career!

  5. Chris Robinson - Lifestyles Mentor says

    I have to agree. Randy is on his way to being a great investor and a very happy dude. I wish I had this information when I was his age.

    “You don’t go to the brickmaker to learn about Jewels!”

    This refers to a story that George Clason tells in his book ‘The Richest Man in Babylon’ about how one day a man was approached by the brickmaker in his village. The brickmaker told him that he was going to be travelling to a place where he could get fantastic deals on jewels and that it would be a wonderful investment. So the man gave the brickmaker his life savings and told him to buy as much as he could for him. Long story short….the brickmaker returned with what he thought were priceless jewels when in fact all he had was a bunch of very pretty, but worthless pieces of glass.

    It sounds like you already have a firm grasp on this point, but you have to be careful to always consider the source of any information that you are getting. This is why you have to be careful about taking investment advice from people like your economics professor if they do not already have a track record of acheiving the things that you are looking to acheive. This also goes for anything else in your life…. you do not want to get relationship advice from a guy on his 5th marriage and you do not want to get directions to Disneyworld from someone that has never been to Disneyworld.

    Keep putting good/positive stuff in your mind to counteract all of the negative crap that this world throws at us and you will live a very happy and well balanced life.

    Chris R.

  6. Natalie Pilkinton says

    Mike,

    Good article. I love playing monopoly with my kids. We started with the monopoly junior. We had ticket booths. Then moved up to regular monopoly.

    There is also Cash Flow for Kids on Rich Dad Poor Dads website.

    What ever business you can start or help your kids start from the lemonade stand to babysitting. It is all beneficial in real life skills. One of the most painful lessons I learned is when I sold my barbie doll house in a garge sale. This woman was griping the whole time when I helped her load it in her car. She complained about the price and her kids better be happy she over paid for “my barbie house” I was uncertain if I had charged the right price. Felt bad maybe I did over charge..Did I really want to sell it after all? I was over at the neighbors house later that day and she asked me what i sold the barbie house for. When I told her jaw dropped adn she said I knew I should have gone over and taken a look. At that point I learned a very valuable lesson. Stick to your guns and everything is subjective.

    I wished I could have sold my barbie house for more but in the long run that one single business experience has stayed with me in a good way.

    Businesss opportunities for a child/teen however small or inconsequential it may seem to you.

    Let your child learn fail and grow with their business. Let them set prices let me figure out if they ask or your offer and they want yoru advice great. Let them think on their own.

    My 7 year old sells sweet basil in Galveston at the farmers market. He would sell out everytime. He learned to pay the workers that sold it, he bagged his product with portion control, marketed (made signs mason organic sweet basil), took care of his garden to produce more.

    Your kids are smarter than you let them be or schools allow them to be. Remember a good employee works hard and does what the boss tells them.

    My goal is to raise a good kids that are the boss. Or working on being that leader. What ever happend to apprecticeships? Is that only on TV? Or are we all doing that now?

    Take your kids to buy a house. Let them work the numbers. Let them pick out material. Let them deal with contractors. Let them rent it. Let them collect the rent. How about a real economics course! Real Life…price too high you wont rent. price too cheap rent it now. Steve did this with his son. Maybe he’ll share his experience.

    Have a great day!
    Natalie Pilkinton

  7. Jason Roiz says

    I enjoyed the comment about the seven year old selling basil in galveston. We have a seven year old and a garden, and now a good idea from Natalie!

    I have a BBA – Bachelors in Business Administration from BYU’s Marriot School of Business with emphasis in entrepreneurship. I agree that people over value and over rely on BS’s, though it has been valuable.

    I wish I had a mentor who had taught me a business from a young age. Those were the students who I admired the most – they already had businesses before coming to the University and continued growing them, but they were rare.

    Ironically, one of my “teachers” was Larry Miller, owner of the Utah Jazz and hundreds of car dealerships; he does not have a degree!

    Thankfully, one of my other teachers was Richard Knapp, a 31-year-old owner of $55,000,000 (in 1997 dollars in a cheap market) in residential real estate. Richard had an MBA/JD from BYU, but had never had a “real job”.

    He is the reason I bought 20 units myself and later recognized the value of LifeStyles when I heard Steve Davis speak at the Rich club. This teacher actually made us go out and prospect properties. I ended up entering negotiations during the semester, but I was still lost until I found lifestyles because my mentor was in Utah and I was down here in Houston. Thank you Del!

    Since finding LifeStyles and becoming a PIG, I have sold pain-in-the-butt properties and am now in a beautiful partnership with Stuart and Maria Lunn. It’s truley passive, but I also have access to great mentoring for the day when I become a lead and do this full-time.

    Sincerely,

    Jason Roiz

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