Topic: If being a graduate is the key to being wealthy, why are there poor graduates? - page 14. (Read 2713 times)

Education plays an important role to become more successful and having your degree is not the end of your journey to success because it will still take time and you need to do a lot of work for you to become successful or even become rich. Many educated people are not that successful because of their choices in life and because of being afraid to go out of their comfort zone. There’s a lot of opportunity out there, once you are able to get your degree and your dream profession, make sure to do your best and be more inspired to reach your goal, this is not a race though and we all have the chance to become rich.

The stigma about the purpose of education is to be successful is actually not wrong but its placement is sometimes less precise.
We must realize that until now the purpose of education is to make us who originally did not know to know not instantly become someone who is rich, it's just that we are always pegged that sometimes with education and certificates obtained in education is a thing that can become rich.

Indeed, it is also actually not to blame but it is less precise because education is a bridge so that we become more informed and can be used as one aspect in supporting so that we have a good economy. But on the other hand it is also not enough with education alone because if the benchmark is a certificate then until now we will not see microsoft created by Bill Gates who is rich in his own way because after all we have to be able to survive to become rich and one of the stairs to be able to get wealth is a good education so that we can become someone who is responsive and educated to assess something.
Not that those who do not know formal education and do not have educational certificates will not be successful and rich but at least there is something more that we can see and use as initial capital if we have education.

You're asking us a question by taking a statement for granted, like it's some kind of rule. No, graduating isn't a key to being wealthy, this isn't true, so the whole followup makes no sense. We don't have to prove why there are poor graduates to you, because the first part of the question is false.

Anyway, poor graduates exist exactly because graduating isn't a key to anything. It helps you get a job, but it's not a guarantee of wealth! A good example of this is a person that I know who graduated with a degree in math and immediately got a job as a teacher. That person still is a teacher after 10 years and used to earn very little and is now still earning the same shitty money. It was hard to get a degree and that degree made it easy to get a job, but that job will never make you wealthy. It's a below average pay with no way to become anything else. You start as a teacher and end up as a teacher after 40 years in the system. I also know a man who never got a degree and drove a truck. He did not even finish high school, yet he earns more as a driver than that match teacher.

It's not a guaranteed thing that after graduation, you'll be rich. But there's the advantage of someone graduating and going on in the job market.

The graduate person has an advantage over those other applicants that are not yet degree holders if the company prefers someone who has finished a degree.

It's all about the preference of the company if we're talking with the path of being an employee and not being rich. I knew a lot of people that didn't finished college but are successful like Mark and other those tech CEOs.

But they're all talented and more than a risk taker.

Going to school or becoming a graduate is not a guarantee that one will be rich.  If being a graduate is what makes people to be rich every graduate would have been rich . People becomes rich for so many reasons,  and their is no particular formula to acquire wealth or to becomes rich. When you see graduate who are not rich , just know that it is not everyone that passed through school will become rich .

Being a degree holder will not guarantee being wealthy in the future, but it can be a stepping milestone so you can achieve your financial goals in life. Schooling is not the key, but investment is certainly the key. If you don’t open your eyes to the reality of life, you will never see progress, if you don’t invest, you will never be wealthy.

However, the process is not that easy. Sometimes getting into your wealth demands sacrifice. So you need to actually compromise what you have been used to do and start getting out from your shell. Be a risk taker and be patient, and always believe in your own skills and capabilities, they are the keys to achieve your wealth in the future.

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.