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41. You must go to college.
College serves a purpose and everyone should be a lifelong learner but, college isn’t always the most effective way to learn. Most of what is taught in college can be learned for free, take this from a teacher and a former student with five degrees. A desire to be wealthy isn’t why most people go to college. They go to college to get a J-O-B.
People spend large amounts of time and money for their major and are often less inclined to switch paths even if they are unhappy, unmotivated, or unsuccessful in their field. That reduced flexibility can make it harder to become wealthy.
If your passion lies in a career that requires you to go college then by all means do so, but don’t think for a second that college is necessary to become wealthy.
42. Climb the corporate ladder.
You don’t need become a CEO to be super rich. Most people don’t become filthy rich by working for a company. You don’t even need to climb the corporate ladder to become a CEO.
43. Get a “good” job.
A “good” job might make you moderately rich after decades of labor and toil, but if you want to become somewhat rich slowly, smart budgeting and investing can get you there on a less labor intensive, lower paying job, or with one you actually enjoy.
Most wealthy people don’t become filthy rich by getting a “good” job. Just look at the research from the Millionaire Next Door by Thomas J. Stanley, which explains how the vast majority of the rich created wealth by starting their own businesses.
44. Eighty percent of businesses fail in the first five years.
Not all businesses in that statistic lost money. Many of them were set aside for greater opportunities. Regardless, if you’re afraid to fail, you will never get the opportunity to succeed. If you don’t give yourself the chance to be in the 20 percent, then you won’t be.
45. Listen to the experts.
The key here is which experts. Your teachers, co-workers, and friends usually can’t give you the advice you need. Talking heads and highly educated Ivy League graduates shouldn’t be your primary source of advice either.
People who failed or never tried may be good examples of what not to do, but the advice you need is best gained by listening to those who’ve already achieved the life you wish to emulate. Choose wisely.
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