Topic: If being a graduate is the key to being wealthy, why are there poor graduates? - page 12. (Read 2107 times)

Being a graduate is not a sufficient condition in order to become wealthy, but having the cobb-douglas production function as the basis, it is one of the necessary ingredient in order to increase income.  Per the equation, labor productivity will increase the income of an individual and household.  Labor productivity is directly correlated to the educational level of the individual and household.  Hence, we can say that education is highly correlated with the income of the individual/household.

We have to define what we mean by wealth. I don't think that being wealthy is when you have so much money to spend on luxury and pleasure. To some people to be wealthy is the ability to be able to provide what they need and also have extra to save and invest. The university is just a place to open the minds of graduates. It is a learning ground not just to get good grades and paper qualifications but to open students to innovation, creative thinking and problem-solving skills. So graduates should be able to come out of school with the ability to identify and solve problems. So every graduate should be dedicated, hardworking and persistent in his business, work or other endeavor to become wealthy.

Apart from employability skills, the university also helps to build good character. The certificate in the university is given after the students have been deemed fit in character and learning. So apart from developing skills every graduate should develop good character such as honesty, truthfulness, contentment, teamwork, accountability, etc. A good grade might give someone a job but it is a good character that can help the person sustain the job.  

Who said this to you? He must be drunk while saying this, eh?
Why there are poor graduates? Because graduating alone isn't enough to be wealthy. Very simple.

I mean come on, there many people who are graduating yearly around the world. If graduating alone is the only requirement to be wealthy then all of us must be wealthy already. Graduating will give you a higher chance of getting a job since many companies are hiring graduates still. Graduating from college gives you a higher chance of getting hired, but it isn't the only way to be wealthy. Trust me when I say that I've seen many graduates here in our country who ended up earning way lesser than a person who didn't graduate from college. Why? Decision-making, strategies in life, financial literacy, skills, lack of mentor, lack of passion. These are just some of the reasons why it happens.

I don't want to deal too much with it, but my point is that graduating isn't enough to become wealthy. Some of the famous businessmen currently didn't graduate from college as well. I guess try to follow Robert Kiyosaki and he always says that schools are one of the biggest scammers right now because they aren't teaching their students how to handle money, and I agree with it because it came from a rich businessman like him.

In life, we need skills to survive. Graduating alone isn't enough to survive in a cruel world like this. If we want to be wealthy, let's do what the wealthy people are doing.

According the question in the subject of this thread, being a graduate is not an automic ticket to a life of wealth and affluence, but rather, it serves as the key to opening the doors of opportunities that if well utilized and managed, can lead to a life of wealth.

People can be well educated, but if after school, they get their certificate, go home and dump it, then go into the street and start living of life of a gangster, such a person's education is simply but a waste, as the only thing he benefitted from it is the ability to speak and write in good English.

Education does not attract wealth, what we do with our life, time, brains and so on, is that attracts wealth to us, and some uneducated people who discover this secret most of the time also end up becoming super wealthy, hiring the educated ones to manage his or her businesses and companies for him or her.

So, for us to attract wealth, we must do what attracts wealth, being a graduate only gives us the opportunity of being ahead of those who are not graduates, or not educated.

You need to know that education will not solve all your problems and it will not make you automatically wealthy since it depends on the person on how resourceful they are finding those opportunities that can help them earn a lot of money and change their life. Also there are graduates still broke because they didn't take anything seriously and they are complacent and think that opportunity is there because they are graduate and have good credentials but end up struggling when they face the reality that everything in life is so hard. There are also undergrad became so rich because they take all the opportunities that possibly give them some money whatever it takes or hardship they encounter and the result became so good to the.

But on all of this people should not think about that its not necessary to graduate since its important for a person to graduate on college since a lot of companies asking a lot from their applicants and they want college graduate since they think they are more effective. And people should think about their next action once they graduate since its really better to have a lot of option than having or taking one shot opportunity since most likely we might struggle to survive with that.

For me, it is important to take the educational path so that we cannot be fooled or deceived by other people. Through education you can be more creative freely, especially in this era of very sophisticated digitalization, there are lots of jobs you can do after studying at university which makes it easier for you to accumulate wealth. There is no guarantee that graduates will have a better life with all the wealth they have and it is possible that people who have dropped out of school will be more successful than those who have graduated. The success of people who dropped out of school in being on the list of the richest people in the world indicates that university graduates are not always able to produce great people.

  I think you're right, I won't advice people not to get educated cause I'll be wrong. Infact, I'm 100% in support of education be it formal or informal cause I'm fully aware of the roles it plays in our societies, it helps develope children for a better future and also increases one's opportunity to living a better life.Yes success is not measured with one's level of grade rather but by your personal development, how well you impact your society also by your persistence and consistency.

 It is also not a bad idea to gain formal education by going to college, try to get good grades and become a graduate, but it doesn't end there cause being a graduate and depending on certificate alone doesn't guarantee one to be wealthy in future, you also have to educate yourself on certain skills outside your field of study, build good relationship with people that could help you succeed, you also have to discipline yourself to live a good life and desist from habits or characters that could hinder your chances of being successful.

 Also Elon Musk was right when he said that, to be successful one has to be focused. You also need  to be good at saving and have a plan B incase the certificate doesn't fetch you a good paying job, thereby learning some skills and work on earning with it. Also, set aside goals and focus on reaching those goals and once you've achieved that the next step is to work on maintaining consistency, your income could be slow at first but steady, that's my own opinion of being a successful graduate and acquiring wealth.

This is a big problem that we suffer from here in my country and in developing countries in general. Most academic graduates who have high grades and graduate with excellent grades are unemployed due to the inability of governments to secure suitable jobs for them.

Or because of their inability to secure the resources necessary to start their own project, even though in theory they have the competence required to carry out successful projects, but they lack funding or the opportunity to obtain suitable work.
In contrast, most of those who left school at an early age and have no education have their own businesses and earn so well from them that academics would envy them.

In my country, their is a saying that goes like this; you must not go to school to be successful, but you have to go to school to be enlightened, education doesn't necessarily guarantee success, but it mostly enlightened you for you to be able to see things differently, but for you to be successful, you have to be able to solves people problem, by rendering service to people in what ever form.

As for me I don't see schooling as a means of being successful, I just sees it as part of the process, that enlightens you, and gives you the ability to have a clear picture of life, but as an individual, you have to have that ability to think out of the box which will definitely make a difference in your life.

Makes sense. Building wealth is like sacrificing some of your wants and needs so you’ll be able to save and invest. However, there’s no wrong when you want to enjoy your life but enjoyment requires expenses, so the more you enjoy having luxuries all around, the bigger the amount you take away from your salary, in which you can use it instead to start building your wealth.

Graduates stay being poor because they chose to live with it. Because if they really aim to get away from poverty, they need to sacrifice their comfortability and endure hardship and struggles in the process, otherwise if they chose the other life instead, that means they don’t envision theirselves to get rich and wealthy.

Because they don't have a good knowledge about money.

They go to school, playing together, take a student loan, go to college, working only to pay off the debts, go to party, have a girlfriend, live in luxury lifestyle, and didn't invest the money.

How they can build their wealth if they choose to enjoy their life instead of delay the instant gratification?

Education is different from being a graduate. you can be educated in diverse ways but yet not a graduate of the formal education. success is not determine with your level of grades but it only helps you to become more broad in thinking.

Most of the successful people you know where educated in a particular skill not in degrees, according Elon musk, he said the difference between you and success if focus, if you focus on one thing with 100 percent you will become more successful than using 20 per cent to focus on different things. that is the reason why this people we know to be very rich are successful because of the level of focus and  discipline they have. you must have the characteristics of success to be successful, the formal education in my own perspective isn't even helping in some areas. people work hard to graduate with good grades to come out and start begging for jobs, the first letter you write as a graduate is also I beg to apply. it had be institutionalized that way the people we admire noticed this and with the ambition of not working under anyone left the universities to achieve their dreams.

If a graduate can be focused enough to chase his or her dreams then they will be successful too.

The reason why is because the education business is mostly profit based. They want to get the most amount of profit of tuition with the least amount of costs.

They know that everybody wants a good education and good life, so they charge a lot of money for this. Another way they make more money is to have more students.

So there is 1 program for 500 students. And eventually these 500 students will compete with one another for the same job when they graduate. And most likely only 50 jobs will be available.

First of all, graduating with a degree doesn't really mean you are going to be wealthy for sure, it's a good thing if you can finish your education, and it's a good start for you when finding a job but it doesn't really mean that you are going to be a wealth person if you graduated, Its also true that having good grades doesn't really mean anything as long as passed it is still fine, I mean you could graduate with honors or cum laude but still gonna end up getting a minimum salary, probably would still depend on your experience on what salary you're going to get. So even though you have high grades most of it will not matter at all in the end.

If we going to look at millionaires nowadays we can see that they don't really carry any kind of degree and they are mostly dropouts from school, they they still find a way to be rich, In the end, it would still depends on your own determination, etc. finishing education is a good guide for you, or we could say that it is a great plan B incase you fail on something that you are doing having the degree meaning you already have the credibility that you could finish a task and your not easily going to quit, that is why employer are mostly going to hire graduates for sure since they have that kind of experience on finishing there degree.

Well, having a high educational attainment doesn't guarantee wealth, BUT, it could give you a better opportunity than those who did not finish college.
However, life is a continuous learning, if a non graduate decided to learn everything outside the school and continue learning consistently, he'd most likely going to succeed than those graduates who become complacent of the current job they are in.
Nowadays, there are a lot of gigs and niche online that would let you earn at the comfort of your home and sometimes, a 4 year degree may not be necessary as long as your skills are competitive enough to compete in the growing industry.
I've known a lot of people who hasn't finished college, but are earning more than those graduates who works for the government.
Education is just really a piece of paper if you stop learning after graduation. Mastering and enhancing your degree will give you more edges against the other competitors in the same field of interest.

If anyone thinks that being an employee in a company means making him a slave then let him stop working and he will definitely be enslaved by his poverty, why? because if not all graduates can be successful and being wealthy then not everyone can become succesfull entrepreneurs.
There are people who do not graduate who can be successful and being wealthy, but there are many more who do not graduate and are poor and find it difficult to develop themselves, and vice versa, there are graduates who fail but many more are successful, so don't generalize one or two cases, because after all, a graduate has more value. For example, you certainly wouldn't choose a country leader who didn't graduate.
A graduate must be able to develop himself so that he can become wealthy, as well as those who are less fortunate because of the economy so cannot graduate can continue to develop themselves in different ways and ultimately become wealthy.

when everyone has bachelor degree does it still matter that we have bachelor degree? does it put us to an advantage? definitely not, thats the thing many people are in debt to pay the tuition fee for these college including poor people, that for the sake of getting degree, because the world of working nowaday being gate keep by this qualification, a degree is the bare minimum these days, definitely the saying about being a graduate is the key to being wealthy has become more and more irrelevant, soon we also gonna get oversupply of phds, does that mean getting those degree is useless? definitely not, at least it opens up opportunity for you to start out, at least you know you are qualified and already meet the minimum requirement.
its definitely a good thing to have, i've seen plenty of people that goes straight to trade school and bootcamp also regretting why they not getting a degree because certain thing mainly because despite many people saying college is all about theory but it really give a good foundation for our knowledge for us to learn in the future.

It is no longer advice to wake up early, study hard, get high grades, graduate from university and you will find a suitable job that is sufficient to pay your expenses. It is advice that you can teach your children, as life has changed. We are no longer in the 1950s, where a university degree was something that guaranteed you a good life. Today’s students are studying. Master's and doctorate degrees to obtain jobs due to high competition. Either you have a specialized degree in a rare field or you have a higher degree such as a doctorate in traditional fields to be able to compete.
Earning money through academic education is a long road and requires a lot of effort and money, but it remains the easiest way if you continue to continue your studies.

Some of it has to do with the program that the graduate has chosen.

There are graduates that are getting a huge salary simply because their field is so specific and their niche only has a few people working on it. There are also those graduates wherein their field is oversaturated with people that's why the rates are extremely low This is why if you want to succeed by going the academic route, it's important to know if the field you want to specialize on has a lot of people already or not. If not, go for it, see if you'd like it, and stay in there for good to get the rewards eventually.

Being a graduate does not guarantee financial success and stability. However, once you’re a graduate, rest assured that you will receive bigger opportunities than those who did not managed to finish their studies. But, opportunities won’t make you rich because it’s all on the mindset and perspective of an individual that will make him rich. One can make a lot of money, if he really wants to make a lot of money. That alone can proves that if one exerts a lot of time and efforts to reach his goals, he will definitely achieve it. But if one tends to procrastinate things and create a lot of excuses, that means he’s no longer interested to become rich in the process. What you sow is what you reap.