“An investment in knowledge always pays the best interest.”
This upcoming election is fast approaching, and it will be interesting to see how it plays out. One of the candidates that is on the forefront of the headlines is Hillary Clinton, who is a proud redistributionist who constantly blames “the rich” for the lagging performance of the middle class. Obama has done the same thing in one form or another. They like to point out that people like you and I have less because people like Bill Gates and Warren Buffett have more.
Something interesting to note is that you hardly ever run across people who feel that his own earned income is not being fairly distributed to other people. But somehow the concept of redistributing other people’s income causes massive groups of people to foam at the mouth when politicians pander to these ideologies.
As far as we are concerned as individuals, wealth is limitless and not hindered by the ultra-rich being able to keep their money. The fact that the ultra-rich keep their money is the way jobs are created and money is spent in the free market, fundamentally stimulating the economy.
Something interesting to note is that people who are educated make more money than those who choose not to be educated. For example, data from the Bureau of Labor Statistics reveals the direct correlation between increased education and lower unemployment rates and higher wages.
In 2014, for instance, workers with a high school degree or some college had an unemployment rate of 6%. With an associate degree, it was 4.5%. For those with a bachelor’s degree, it was 3.5%. For master’s degree holders, it was 2.8%. For doctoral graduates, it was 2.1%. And for professional degree holders, it was 1.9%.
Now, the caveat to that is that is many of the richest self-made millionaires and billionaires do not have a degree, and this is because making big money in many situations means you need to take on some sort of risk. This is simply because society’s greatest economic rewards go to the most successful risk takers. And academics are notoriously risk-averse. Their goal tends to be tenure and a pension, not business development and capital gains.
I’m actually college-educated myself, and still like to see myself as a risk-taker and business-minded individual that hasn’t gone down the path of getting a job and making other people rich. But having gone to school, I’ve seen the good and bad, and know that college isn’t geared for educating people on how to get rich.
College teaches people to get jobs, for the most part, and does not prepare people to create jobs and take on investment risk.
The good news is that is why we exist. CrushTheStreet.com, along with our sister site FutureMoneyTrends.com, focus on preserving and building wealth. Our goal is to provide tools and ideas to stay inspired and educated on investment trends and ideas.
This is why we provide weekly updates that include expert interviews, wealth articles, economic updates, as well as our premium services, which are more focused and specific towards actionable ideas that can be implemented immediately.
Universities are not talking about the things that we discuss. We focus on investing and building your financial future, whereas colleges focus on skills that help you make more money at a workplace. Now, there’s nothing wrong with working a job, but there is no secret here that we encourage our members to invest in themselves, start a business, and invest in great companies that will compound their wealth year after year.
I encourage you to take a look at our premium services below. Each one comes with a 30-day money back guarantee and silver mailed to your door when you subscribe.
Currently, Smart Money Members are receiving a stock suggestion which is paying a 5% dividend and 10-Bagger Letter subscribers are receiving a put option strategy that we are currently anticipating to play out around August. This 10-bagger investment idea is a stock in the banking sector that is overvalued. We are anticipating it to fall in the short term, and you still have time to act.
Be educated and act. Invest in yourself and in the people around you, and you will see dividends in your life compound greatly.