To be Rich and Educated

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People, especially parents, believe that once a child is educated, he will make it and say bye to the company of the poor. All he needs is to continue to work hard. That is why parents put in all they can to get their children educated. Good as this thinking is, it is only half of the truth! Every pupil or student needs to be taught how to become rich. This is called financial education. It is yet to be taught in many schools. What is the way out?

You, as an individual, should first create wealth in your mind. You should have it deep in your mind that you will be rich, very rich and successful, even if you are from a poor background. Whatever a person believes deeply in his mind always come true.

Apart from having your mind on becoming wealthy you should always save at least ten percent of the money you earn and give out another ten percent as gifts to the poor. Spend 80 percent of your income to take care of your needs. This may be difficult at the beginning, but after some time it becomes easy. Students do not earn money that does not stop them from forming a habit that will make them happy for life. Money comes in for them every now and then as gifts, especially during major festivals as pocket money. After all, our different cultures teach us to form the habit of saving and not eating with the ten fingers.

Finally, you should make the ten percent saved to work for you and bring interest after a period of time. This happens if you trade with the money and make profit.

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Comments

I liked the part where you talked about how most parents mentality are. They always believe that education is the only road to wealth and success, and they only care about that often times forgot to study the child and know what he/she is good at.

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4 years ago

Yeah, so true. You're actually the only one I feel reads these articles. The rest just like, look at the topic and comment, not minding the content

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4 years ago

yeah it sort of our duty hear, I personally can't allow any article into my community without reading it to the end... we are here to make this platform succeed and I would assist in m own little way.

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4 years ago

Education can be learned but a good manner is hardly built and is more important. In japan, they don't grade pupils based on their learning but based on their manner not until they reach a certain year. I'm just not sure what. hehe

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4 years ago

Wow. That is wonderful. Here in Nigeria, we are scored or passed by grade which can be easily gotten legally or illegally.which is wrong.

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4 years ago

yeah. i am not from japan. i just heard about that from my friend which i think is very cool. because i think manner matters most.

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4 years ago

Oh, cool I thought you were ., it's a really nice idea. I always wondered what theyve been teaching us

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4 years ago

That Is a poor notion. As it has been seen the even people with good academical qualifications are poor. Being educated does not mean you will surely make it in life. I totally do not support that mindset at all

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4 years ago

Being educated only adds to a very small percent of your success. The rest has to do with how well you can push forward and keep running the race of success.

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4 years ago

Yea, No doubt school education is important but it's not enough to build your financial freedom. We should try as much as possible to be exposed on financial education. Thanks for sharing

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4 years ago

correct education in school is just a piece of paper that we should present but the important is educate our mind and soul.

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4 years ago

Hey, "Finally, you should make the ten percent saved to work for you and bring interest after a period of time..." This sounds like investment

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4 years ago

Hey, "Finally, you should make the ten percent saved to work for you and bring interest after a period of time..." This sounds like investment

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4 years ago

Financial literacy is a must nowadays. Like what you said, it is important to invest and let your money grow.

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4 years ago

Financial literacy is the new education spurring up these days. No one wants to go to school & still end up poor

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4 years ago

Being rich & educated is indeed very unique in our society today. Not everyone has these two qualities. If you got it, you're an angel!

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4 years ago

I love this post. It reminds me of a man in my street who is rich but didn't go to school. It's funny tho but he has financial literacy

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4 years ago

That's a wonderful post. Very insightful & informative. Being rich & educated altogether is a wonderful quality

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4 years ago

Been rich and educated is two separate words indeed been educated is just to be a literate and not to be rich student really need to be oriented on how to handle financial stuffs more often

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4 years ago

Education is ahead of everything

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4 years ago

It's really important to be Rich and as well educated because that's the only way one can go places.

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4 years ago

Well thats the concept of mandatory charity. We muslims have a mandatory charity called Zakat and that is 2.5 percent of your total annual savings

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4 years ago

Wow. That is a very nice concept and belief. It'll really help build up the people and train them. By the end they are rich and well

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4 years ago

Exactly. It is very important to share what God has gifted us. Thanks for sharing. Keep posting

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4 years ago