Wednesday, August 4, 2021

Only Street Smart Education can produce Millionaires, not Formal Schooling

 

Countless Millionaires and Billionaires did not finish high school or college, yet they are very successful business-wise.

And there are countless college graduates who could not find suitable jobs, forget about starting new businesses or investing in other people's companies...

It all comes back to mindset.

Our formal schooling trains students to become academicians or professionals and to look for employment or become self-employed.

It does not prepare to produce entrepreneurs and investors!

Entrepreneurs and investors are created by what I call 'Street Smart Education'.

This kind of education is the one that produced 'practical' entrepreneurs and investors who are successful in practice and become millionaires and billionaires.

To gain Street Smart Education, I recommend that you find mentors who had been there and become successful in business, or if you can't find them, read books about their failures that had been written by them or other people...

Their failures are much more important than their successes!

In the words of Bill Gates, the Founder of Microsoft, who stated 'Success is a lousy teacher'.

Street Smart Education is about making mistakes or failures and learning from them!

Our formal schooling punishes students for making mistakes, yet in the real world, only by making mistakes can we become more successful in business and life in general!

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