Want to get rich? Here’s a brutal crash course
April 8, 2009 3:06 pm by Dean Morel
I normally read the entertaining Marcus Padley to wind myself up, but this article is a gem as he is sharing someone else’s thoughts.
- Think beyond the USA/Australia, woops I mean square.
- Starting with nothing is good.
- Debt is king.
- Time is the most valuable of commodities.
- There is no such thing as intelligence.
- Mistakes compress learning.
- Education is paramount.
- The willingness of highly capable and educated people to work for a certain amount rather than a variable sum is the most exploitable, available and cheap investment you’ll ever make.
- There is education and there is qualification. Set out in pursuit of a qualification and you’ll deliver yourself to the corporate sector for exploitation.
- You cannot do everything yourself. Lucky then that the most valuable and available capital in the whole world is human capital, employees. The willingness of highly capable and educated people to work for a certain rather than variable sum is the most exploitable, available and cheap investment you will ever make. Invest in the markets and you concern yourself with returns of zero to 20 per cent and possibly even a loss. Invest in people and your return can be hundreds of per cent. There is simply no better return on capital than capital “employed”.
- There is education and there is qualification. Set out in pursuit of a qualification and you will deliver yourself to the corporate sector for exploitation.
via Want to get rich? Here’s a brutal crash course.
More on this topic
(What's this?)
The Coming Paradigm Shift in Higher Education
(Wall Street Daily, 1/27/12)
Is There an Alternative to College?
(Learn Financial Planning, 4/14/09)
The Hidden Dark Agenda of Public Education
(the Underground Investor, 1/13/12)
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