In this section, we will explore the various ways in which schools can have a detrimental effect on students’ earning potential.
One way that schooling can have a negative effect on future income is by providing students with information and skills that are outdated by the time they graduate. It’s difficult to find a job in today’s economy without an appropriate post-secondary education, and yet many of the skills taught at school are already obsolete by the time we leave.
Another factor is debt: once you add up college tuition, student loans and credit card debt (which is often necessary for basic living expenses), it becomes clear that higher education can be expensive, making it difficult for graduates to save money or pay down debt.
Below are some of points how school keep us poor.
Table of Contents
1. School doesn’t teach us about life.
From 1-12th grade, we spend 12,960hrs in school without learning:
– Financial Literacy
– Mental Health
– Time Management
– Acts of Kindness
2. School wants us to be in debt.
A broke 18 year old can go $200,000 into debt for college, but can’t get a $10,000 loan to start a business.
3. School punishes us for failure.
Failure is simply the opportunity to begin again, this time more intelligently.
4. School teaches us to put our money a savings account. in Instead, invest your money.
If you make $40,000/year, and invest 25% of your annual income. With a rate of return of 12%, your saving could grow to roughly $9,000,000 after 40 years.
5. School teaches us to listen to our superiors.
Instead, it’s important to be wary where you get your advice.
You can’t take advice from people who have failed at what you want to accomplish.
It’s not surprising to see that schools have a vested interest in keeping kids poor.
The school system is designed to keep children from having the opportunity to learn how to work. They are only given information they need to get a job at their particular career path and nothing more. Schools are not equipped with the skills necessary for success in today’s age and instead of teaching students about real world challenges, they hand them the cards of failure and low expectations.