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Originally Answered: Did education help you to became a millionaire? The straight answer is You don't need a college degree to get a million dollars. We can be extremely educated and still be unaware of important information. Today you In this infographic, you will find many who didn't have much education. A lot of.
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Centuries ago, formal education is the holy grail of wealth and success. You need to be highly educated in order to run businesses and to be able to make business deals.

Is Education Important For Financial Success - Debt Discipline

However, the world has changed and having a college degree does not means that you will be guaranteed with a bright and successful future. Donald Trump , the real estate billionaire once said that college degree is not enough to prepare the students for the real world. If you only learn and apply what you gain from college, it will not be enough to thrive and become extraordinary. You will lack the practical experience that the real world requires. Success in your business and career require more than just a piece of degree.

You Don’t Need a College Degree

You will need skills such as negotiation skills, leadership skills, good habits, positive thinking, and the entrepreneurial spirit to make it big. These requirements are what you will never learn in school. Elon Musk , the billionaire who created Tesla and SpaceX said that formal education and learning from school are like downloading data into your brain, which can be bad because you are not sure what you have downloaded are going to be useful to you. During an interview, the marketing expert, and best-selling author, Seth Godin said that our school system trains more followers than leaders.

Schools prepare you to become a follower whereby you take a job and do what has been told. In other words, you will become a robot and you restrict and limit your own creative thinking. Besides that, most schools system and society encourage students to aim for getting an A in their exams rather than aiming to learn as much as possible in school.

Sure, if your ultimate aim is to work for someone as a professional white-collar employee, a college degree and formal education can get you there. And that is all that you will get. However, most people do not want to have a job, they want to have a career and a business.

And this requires more than just formal education. However, that did not deter him from chasing his goals and living his dream life. Les became a successful speaker and make good livings from what he loved doing. If you read the biographies of highly successful people, you will see that what truly makes these extraordinary people shine is not their formal education, but rather, it is their personality, habits, hard work, determination, desire and their commitment that make them successful.

Before you decide on anything, do understand that formal education and getting a college degree has its own functionality in our world. Undeniably, without education, people will not be able to write, read, or calculate. Education is essential in civilization and developing a country to a better nation.

Wondering how to get rich? There are only 10 ways to a wealthy life

Apart from that, another important role of education is to differentiate between what is right and wrong, lawful and illegal. Basically, formal education will reduce the crime rate in a country. Someone with a college degree has a higher confidence and will hope for a more stable life. Formal education will also equip you with necessary knowledge and skill set for work in the real work. Meaning to say, an educated person will always have a competitive advantage over an uneducated person because the educated person is literate and does not have to start from scratch.

Although formal education is important, to be successful and produce outstanding results in life, it will require more than just a college degree. Your mindset and beliefs are important if you want to live a successful life. That's what Steve Siebold, self-made millionaire and author of " How Rich People Think ," found after studying more than 1, of the world's wealthiest people over the past three decades.

He found something particularly interesting about their stance on higher education: it's not critical. The wealthy aren't interested in the means, only the end. While average people think the road to riches is paved with higher education, rich people believe in acquiring, and continually seeking out, specific knowledge.


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Siebold isn't the first to preach this idea: 78 years ago, journalist Napoleon Hill wrote in his book, " Think and Grow Rich ," that one key to attaining wealth is specialized knowledge and life-long learning. It's no coincidence that many modern-day successful and wealthy people are voracious readers. They appreciate the power of learning and challenging their minds long after college is over, Siebold explains: "Walk into a wealthy person's home and one of the first things you'll see is an extensive library of books they've used to educate themselves on how to become more successful.

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