Get good grades. Get a good job. Get a college education. Work your way up the ladder. You might become a millionaire. But you are always relying on someone else determining how valuable you are. According to the U.S. Debt Clock, in this land of capitalism and free enterprise, there are only 8,826,490 Americans out of a labor force of 156 million who are self employed and theoretically have no imposed cap on their income.
Most Americans live in debt. The population can be divided by those who pay interest on their debt and those who collect that interest Primarily the financial classes have the most wealth in the country because they receive interest payments and have been given near-free money to play with. Most Americans work for someone else, even government itself, which may not be a bad idea since government issues the money. In Illinois, State worker retirement funds are attempting to tap into private pension funds to meet their obligations. Can you imagine? Socialism in practice.
According to Tom Corley, author of Rich Habits: The Daily Success Habits of Rich Individuals, only 21% of millionaires earn A’s in school. Good grades bear no obvious relationship with being independently wealthy. In fact, Corley says it is the poor kid who learned to struggle with academics who developed skills of resilience and became thick-skinned, took risks, and earned unlimited income.
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According to a Pew Research survey, a college degree will get a full-time worker another $20,000 a year compared to workers age 24-34 who don’t have a degree. But it costs ~$10,000 a year to attend public schools and…