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Topic: If being a graduate is the key to being wealthy, why are there poor graduates? - page 8. (Read 2731 times)

hero member
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To be a graduate is not a guarantee for you to become a rich person, the only thing is that a a graduate have a be possible ways to solve a problem to also plan very well in order to elevate itself from getting poverty or being poor for life why someone who is not a graduate will not have the kind of idea someone who is a graduate how for a order to Plan a better way for its life, one thing I want us to understand is that this life is all about planning and also a God wish to us to be rich is based on your strategies, understand the dimensions of life and the application of life before you become a successful person
newbie
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Anyone who thinks education is a major key to wealth is a lier, on a scale of 100 education is just 30 and in this 30, 20 is just your enlightenment on the field you aspire for while the 10 packages you to be more learned and think smartly than an illiterate.

Look at the richest people in the world today, most of them aren't wealthy cus of education, alot of them do something apparently different from what they learnt in school others go into innovations and they rest into skills while applying their creativity into it and they are all wealthy. Education only makes you aware and enlightened it doesn't make you wealthy
legendary
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It’s not a fact that drop outs do better and if there ever was a theory stating so, I would likely disagree with that theory.
Thank you for keeping your mind clear of the misconceptions.

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Admittedly, people drop out from school for various reasons. One likely reason is having lack of financial support to continue your education. But then people have dropped out for lesser reasons and due to their irresponsibility and lack of focus on their studies.
Some of them actually have a vision to proceed with and these handful people made a career out of it and hence it is wrong to generalize that college drop-out = a revolutionary human.

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People that dropped out due to carelessness and irresponsible decisions.. how then can such people do well in life when they can’t gather enough motivation and focus to finish what they started.
And without having relevant educational qualifications to make him more relevant and wanted for employment purposes, he’ll be majorly overlooked as his chances would be slim or next to zero.
Pretty much the case with many younger people who end up in low paying jobs, gig-work and so on. Their lives are on the stake and their chances of getting into a stable earning is very low. Eventually they grow out of their age to educate themselves.
sr. member
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I dont agree with the "drop-outs" do better - because here you are looking at only the famous ones who actually had a vision to pursue. There are so many college drop-outs, if that was the case they would be ruling the working class, but they are not. Its called survivorship bias.

It’s not a fact that drop outs do better and if there ever was a theory stating so, I would likely disagree with that theory. Admittedly, people drop out from school for various reasons. One likely reason is having lack of financial support to continue your education. But then people have dropped out for lesser reasons and due to their irresponsibility and lack of focus on their studies.

People that dropped out due to carelessness and irresponsible decisions.. how then can such people do well in life when they can’t gather enough motivation and focus to finish what they started.
And without having relevant educational qualifications to make him more relevant and wanted for employment purposes, he’ll be majorly overlooked as his chances would be slim or next to zero.
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Just to make it clear, people who were school or college dropouts, such as Mark Zuckerberg or Bill Gates, knew how to code and that is a skill that not everyone had during those times. It's a skill, and having such a skill or knowledge can lead you somewhere at least, fortunately for them, it leads them to extreme success. So it's not like they were illiterate dropouts but they were skilled individuals from the beginning, it's just that their skills weren't what they might have learned from school or college.

What this proves is that you don't need formal education to be able to gain success in your life but it's all about skills and knowledge because you can only go up the ladder of success if you show the world that you have something in you.

I agree with you that we should get motivated by these people but we shouldn't try to copy what they did or what happened to them. Getting dropped out of school or college isn't a good thing and it doesn't become good just because some successful people had to face it. We should work as hard as they did if we want to become successful like them in our lives.


Skills are important for everyone, but education is equally important in my opinion because when you have education, you get to have more opportunities to showcase your skills at bigger stages in life which can be very useful for you. Education+ skill will open the doors of many opportunities which you cannot get from one alone. Try to work hard, learn well and then don't care about the result. It you haven't bad luck, your work will gives you fruit.
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Education is valuable, but it's not the sole determinant of wealth so being a graduate doesn't guarantee wealth as wealth can be achieved through various path like, investment and entrepreneurship, If you are fortunate to secure a job after graduation then that's just luck and connection. I believe that being a graduate only shapes and molds you to present yourself positively and guides your path as most wealthy men in the world today like mark Zuckerberg were school dropouts, but the little education he had helped and molded his mindset to become whom he is today.
Just to make it clear, people who were school or college dropouts, such as Mark Zuckerberg or Bill Gates, knew how to code and that is a skill that not everyone had during those times. It's a skill, and having such a skill or knowledge can lead you somewhere at least, fortunately for them, it leads them to extreme success. So it's not like they were illiterate dropouts but they were skilled individuals from the beginning, it's just that their skills weren't what they might have learned from school or college.

What this proves is that you don't need formal education to be able to gain success in your life but it's all about skills and knowledge because you can only go up the ladder of success if you show the world that you have something in you.
full member
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No not only being a graduate earns you money but you also need to get some very exceptional skill set in order to succeed in life. Nowadays the degrees are some much common that it's very normal for someone to go to a college and earn a degree.whats nor normal is havi g a good skill set, if you have some exceptional skills in your field or in any field then you can surely sell them in the form of jobs or through freelance platforms.

But without a proper education it's very difficult to cope up with the society that's why it's essential to get education but on the other side it's also very important to hustle for your skill set as well otherwise your education will be of no means.
sr. member
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That's where some people seem to get it wrong, they think by having that opportunity of being a graduate that everything will be better in future. I agree with you that everyone doesn't have the same opportunity and it all depends on luck honestly speaking, people always let it get into the their head that after school the next thing is getting a job in a bigger firm and some don't have what it takes like they can't contribute to their place of work.
It wouldn't be instantly better that's for sure, but it's a lot better than being some random bum out there who doesn't know jack. At least, said education can open up a few opportunities for you, especially with the lot of short courses that most people can get nowadays.

Things these days have a different way of making things seem that way of being educated and getting job opportunities but I don't really go with that because I can still say it that those who finished their education and still wonder around seeking for job opportunity and the job also change hands to be for those who don't see it as importance to go to school, is just upside down and with that short courses it still doesn't help in anyway.
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legendary
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Good one-week old article on the subject. It states that half of all new graduates in the US only work in jobs that expect high school level education and in which they actually don't need a degree. These are mainly food or retail jobs and are poorly paid compared to the tuition paid for their education.

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  • Nearly half of new college graduates in the US are working high school-level jobs, per new research.
  • Around 52% of recent graduates start their careers in jobs that don't need a degree, it said.
  • Most of these underemployed graduates work in food services, construction, and office administration.
Source: https://www.businessinsider.com/half-new-us-graduates-work-high-school-level-jobs-2024-2
sr. member
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Graduates doesn't guarantee you a good living and job to work on. It depends on how the person to use the skills to fulfill the job criteria and how well they are in society. Sure the grades are useful for the front-criteria but just imagine with that score and your skill doesn't meet the criteria for the job, that must be really shame and it does happens in here regularly with low skill people with high graders don't do anything.

In our country mostly educated people are without having a job and they cannot take benefit of their education because of less seats in every city. There are lots of graduated students who have gained higher score and also possess skills but still they have no job but their is no fault of their education but due to lower number of jobs they are not finding their deserving seats.

Now a days almost every has done their graduation but the value of education is getting down as I have my own experience that uneducated or less educated people are doing a better job while educated individuals are setting useless at home without doing any job. So a piece of degree cannot define our future but its sometimes our luck that help us in find a better job and better lifestyle.
sr. member
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A college degree isn't a golden ticket to riches. Financial independence takes time, smart planning, and consistent good habits like responsible money management, regardless of your educational background. Plenty of individuals have proven this by building wealth through entrepreneurship, investing, or simply living frugally.

However, framing a college degree solely as a wealth-generating tool paints an incomplete picture. A degree, at its core, acts as **a passport to opportunities. It equips you with specialized knowledge and critical thinking skills, potentially leading to higher-paying careers or stronger foundations for starting businesses.

While exceptional individuals thrive without formal education, they often possess unique talents, unwavering drive, and invaluable life experiences that contribute to their success. Education and financial well-being are not mutually exclusive. A college degree can be a valuable tool in your financial success toolbox, but it's only one tool among many.
full member
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Sure, some folks might skip college and end up totally lost, but that doesn't mean everyone without a diploma is doomed. There are tons of successful people out there who carved their own paths.

The real thing is, a degree gives you some serious ammo: knowledge, skills, and that fancy piece of paper that screams "I stuck it out!" These can definitely help you land a good job, but they're not the only weapons in your arsenal.

Even with a degree, you gotta have the right stuff to win the game. Soft skills like teamwork and communication are key, and so is a hustle that never quits. Plus, the world keeps changing, so staying on top of your game with constant learning is a must.

So, remember, a college degree is a valuable tool, but it's not a magic wand. It takes hard work, a positive attitude, and a willingness to learn to truly own your success.
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First off, I must say that Education is very good and i don't dispute the fact that it's very vital and necessary for human development, it can put you in a position to be successful no doubt but being a graduate is not a 100% guarantee for one to be very wealthy, one can be very sound academically but lack some basic skills of acquiring wealth. Also one can still have some good knowledge of certain skills but if there's no zeal or self confidence in earning a living through it then your education on those skills can be said to be a waste since you ain't making effort to earn from it.

 Also I've heard several people complain about having good grades, being 1st class graduates but find it difficult to secure good paying jobs, imagine someone struggling to achieve good grades in the university but find it difficult to earn a living and at the end settle for minor jobs while there are many dropouts with good skillsets as well as being creative and think outside the box, and are bosses of big organisations and companies.

 Well it's not basically about being educated or graduating with the best grades that makes you wealthy, it's about determination, being consistent and also persistent cause success and wealth are not achieved in one day or immediately after graduating. In as much as you have good grades, you must still improve your skills, not only job skills, marketing or management skills but your critical thinking and problem solving skills.
   

I don't think that being a graduate is the key to becoming wealth. It's true that many rich people are graduates from universities, or at least visited the university for a few semesters. But we need to put that into perspective. The number of graduates increased a lot over the last 40 years. Having a graduate degree today is like having a high school diploma 60 years ago. Times are changing and it's much more common to compare ourselves today to other university degrees. Which will mean that most rich people we look at have a university diploma, but it feels wrong to say that this is the source of their wealth. Unfortunately, many jobs these days require us to have a graduate degree to even apply for them. Education is definitely important in life and we should invest a lot of time and money to learn as much as possible, but it needs to be right things we learn. Just getting a random university degree in art or some other field that is not giving any benefits to the business world is not going to be that helpful in our job search.
legendary
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Right you have valid points on the reasons why there are still graduates that are not wealthy since to many factors need to look and not all people destined to get rich. Also want to add that certain obligation to family what also make those graduate to lose a lot of opportunity since becoming a breadwinner on the family leaves you no choice but to accept whatever job available for you to take, that's why other choose to get those job which is mismatch on their qualification since they don't have any choice as they need money to support their family immediate needs.
True, many times bread-earning is the prime objective, which is not the wrong path - you need to stay alive to fight the next step.

In such cases the person should work on that job and make attempts to come out of the status quo into something that they wished to do. The money from the first job will fund their next endeavor. However this takes determination and getting squashed into the status quo in a job they dont love is common and that kills the hope.

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They just read to much success stories of those some billionaires became so successful after they drop out on college.
Rebellious attitude always attracts attention. Not going to college is the rebellious style and at that time they dont understand the harm they are doing to their lives, because their age will continue to increase and their education will slow down.
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Graduates doesn't guarantee you a good living and job to work on. It depends on how the person to use the skills to fulfill the job criteria and how well they are in society. Sure the grades are useful for the front-criteria but just imagine with that score and your skill doesn't meet the criteria for the job, that must be really shame and it does happens in here regularly with low skill people with high graders don't do anything.
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Because the system is broken and not everyone can be rich unfortunately Roll Eyes!!

Btw, too many graduates of today depend on white collar jobs and few of them want to do the tough jobs such as engineering, being a specialised doctor and all that good stuff. Aa

There could be an element of laziness too which is another inhibitor to success, for those willing to work it's usually the job experience that sits on their success but it's all about time as their time to shine will come..just don't give up yet!!
hero member
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There can be many reasons for this:

1. The got a degree but into something that was forced upon them, they dont like it and they cannot put their innovative strength into it and thus they cannot land up a job.
2. They flunked the college or university and eventually came out as a low quality educated graduate. They peers might be landing jobs but they are not.
3. The degree that they got into is a well saturated field. However the phrase is relative and those who have a proper vision will be able to desaturate the market in no time.
4. The job might be need some years of slogging before getting a "wealthy" income. So give them time.

Right you have valid points on the reasons why there are still graduates that are not wealthy since to many factors need to look and not all people destined to get rich. Also want to add that certain obligation to family what also make those graduate to lose a lot of opportunity since becoming a breadwinner on the family leaves you no choice but to accept whatever job available for you to take, that's why other choose to get those job which is mismatch on their qualification since they don't have any choice as they need money to support their family immediate needs.

I dont agree with the "drop-outs" do better - because here you are looking at only the famous ones who actually had a vision to pursue. There are so many college drop-outs, if that was the case they would be ruling the working class, but they are not. Its called survivorship bias.

They just read to much success stories of those some billionaires became so successful after they drop out on college. They fantasize everything because they just dream to be as successful as them but they forget to realize that in reality everything they think easy is not actually work just like that. That's why its better for them to be real and they will not became successful automaticaly if they drop out since it need mix of luck,skills and determination to became successful in life.
sr. member
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Going to school and being a graduate doesn't guarantees you success it only equips you with the knowledge and skills to be able to strive to achieve success but yet doesn't guarantee you might end up achieving the success you strive for eventually. We all have seen many graduates that steived hard but still ended up average or poor. The only thing that school guarantees us is knowledge, knowledge to know your right and where it starts and end, which is why a highly literate society is usually a peaceful society to live in unlike a highly illiterate populated societies.
also certain degree does indeed contribute to its students to be adept at certain and specific knowledge, for example is being a doctor, definitely you need to be within the standard of being a doctor and this kind of knowledge only found in university that have that faculty.
the point of university in the first place should be just for learning skills and being certified for learning one, thats it, people thinking college can somehow magically make them rich are just dreaming.
because we all know that whether to be success or not entirely depends on ourselves, the world doesn't owe us anything.
but in the other hand we need to carve our ways and path to be successful and its not going to be easy, so many competitions out there, are we sure that we can stand out or instead just gonna falls behind we don't know for sure.
With the high rate of competitiveness now in this generation with everyone wanting to go to school to be called a literate or a graduate it's just so scary that sometimes one will wonder if they can survive the competition in the labour market in search of the few available jobs. And secondly, the field a person chooses to pursue as a career also plays an important role in shaping the person's life and chances of getting a good paying job that can put you in the rich people bracket.

Imagine someone studying a course that is no more invoke at this time you gonna find it hard to get hired in a company not to talk of a good paying company. So it's important when going to the university we do research about the course to study if it's still much relevant at this age.
legendary
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So anyway, I applied as a merit source :)
There can be many reasons for this:

1. The got a degree but into something that was forced upon them, they dont like it and they cannot put their innovative strength into it and thus they cannot land up a job.
2. They flunked the college or university and eventually came out as a low quality educated graduate. They peers might be landing jobs but they are not.
3. The degree that they got into is a well saturated field. However the phrase is relative and those who have a proper vision will be able to desaturate the market in no time.
4. The job might be need some years of slogging before getting a "wealthy" income. So give them time.

I dont agree with the "drop-outs" do better - because here you are looking at only the famous ones who actually had a vision to pursue. There are so many college drop-outs, if that was the case they would be ruling the working class, but they are not. Its called survivorship bias.
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Well it's not basically about being educated or graduating with the best grades that makes you wealthy, it's about determination, being consistent and also persistent cause success and wealth are not achieved in one day or immediately after graduating. In as much as you have good grades, you must still improve your skills, not only job skills, marketing or management skills but your critical thinking and problem solving skills.
Being educated and having high grades doesn’t guarantee anything, it doesn’t mean you will be wealthy and all, to be wealthy and successful there are lots of qualities one must instill in themselves to achieve this, it takes more than just good grades, it requires lots of hard work, sacrifices, risk and determination to succeed. Building ones business is not easy at all as there are those moments one would experience losses and face some challenges but that shouldn’t weigh us down.

School is essential but most times there are people who are too carried away with their degree or certificate and they are too boost about themselves. When you rely on your certificate you get loosed and keep waiting for white scholar jobs but those who made lower credit or second class can actually rely on their skills. Skills is what keep those that doesn't have a good certificates or those who doesn't go school, that is why you see them putting more efforts to work hard to make sure their skills pays them off than their certificate since they can't use to secure a credible work or what can put food on their table.
You are right, educated people get carried away by their certificate and educational achievements and feel too big to settle for ordinary jobs, they are so fixated on having a white collar job because those are the people who are respected more in the society. They don’t know that there is more opportunity in having a skill and being your own CEO than working for someone, when you work for someone you get used by the person and all the growth of the company is in favor of the person.

Having good grades is good and beneficial but it doesn’t guarantee anything as you will have to struggle just like others to get work especially in my country though you are at a higher advantage than those having lower grades.
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