The difference between the rich and the poor is financial knowledge

[cocadalcan]

The rich man has information at his finger tips especially investment. The rich man has knowledge because he has acquired financial knowledge and a certificate to back it up but the poor man is always chasing degrees here and there. Here, education is not the problem but financial and investment knowledge are. Take Bitcoin for example,there are those who have made a whole lot of money from it. Those who made money from Bitcoin are those who have the knowledge of it. The poor man chases degree without financial knowledge,am not saying chasing degrees is a bad thing but rather am saying balance it with financial knowledge. What is your take

People who made money from Bitcoin may have been experienced or lucky enough to do so. A large number of investors have done so. Many of them had degrees and some were less educated. So you cannot underestimate the degree because the people who made the profit are at the same level. Socially and nationally, a person with a degree is valued. Even if he does not have enough money, he is still a respected person. A person who makes money is respected because he has worked hard and worked smart to earn it and has become rich, but you need to remember that he will never be at the same level as the person with the degree.

[fruktik]

Actually you have made a point here...anyone who wants to understand the forum, the user should conduct a research through Internet, and also observe the forum by reading across the sections, reading mostly in a pinned posts in different sections...A pinned post is were you can locate necessary information we need to exploit in the forum....

Yes, that's my personal opinion. I already have some experience investing, mostly in securities, like company stocks and bonds. I built a portfolio of several dozen stocks and bonds. This way, I diversified my portfolio. But after a while, I realized it didn't help. My capital still dropped by 15%. I came to the conclusion that investing is quite risky and not suitable for everyone, even though I read a lot about it from forum participants.

[Umulala-alala]

The rich man has information at his finger tips especially investment. The rich man has knowledge because he has acquired financial knowledge and a certificate to back it up but the poor man is always chasing degrees here and there.

I think anyone who's smart enough knows that financial knowledge is far more important than degrees. The ones having degrees will work as employees and those having financial education increase their income exponentially overtime and become the boss. So it's always better to learn financial education rather than wandering behind the degrees that makes you nothing but an employee.

Some even after having the degree are yet to get a job, some has been unemployed for years now after after getting there degree. Been smart and acquiring some skills pays alot now, those who has established them self through skills and business are employing those with degree to come work for them. I believe people are now getting the awareness that been productive should come first even if you will have some degree it will be a least thought that can come later after getting your self established.

[hedgeh0g]

The rich man has information at his finger tips especially investment. The rich man has knowledge because he has acquired financial knowledge and a certificate to back it up but the poor man is always chasing degrees here and there. Here, education is not the problem but financial and investment knowledge are. Take Bitcoin for example,there are those who have made a whole lot of money from it. Those who made money from Bitcoin are those who have the knowledge of it. The poor man chases degree without financial knowledge,am not saying chasing degrees is a bad thing but rather am saying balance it with financial knowledge. What is your take

The children of rich people are unmotivated. And this is their biggest weakness. They don't feel the weight of poverty behind them or the fact that if they stop earning, life will become unbearable. Therefore, they often fight for their happiness like sharks, and it's difficult to compete with them. Rich children, on the other hand, often hear about the importance of investing and see excellent results. But what's the point? They have everything and are eager to experience as many pleasures in this life as possible, and these pleasures are within their reach. Meanwhile, poor children see this on Instagram and strive, working two jobs, to at least get close to that result. And all that matters to them is not to forget that life goes on and they need to appreciate what they have. But also to try.

[tygeade]

Nah, the poor can chase degree. most of the graduate didn't have it all I mean they were very poor, but since that's what they wants they decided to chase it without even minding Thier financial situation. I have seen a lot of students here going for side hustle when they don't have lectures, everything has to do with plan, there are some folks who think they can't Chase degree due to Thier financial situation not knowing that they can actually make it work if they have the determination. But I won't lie, in today's economy those who are poor barely talk about degree because they feel it's not necessary for now.

In my area, poor people also rarely talk about their educational qualifications because they're more concerned with feeding themselves and their pockets, so they can eat tomorrow. In fact, if we examine it more deeply, poor people also desperately want a degree just like everyone else, but because their own barriers are financial or the cost of pursuing it, they tend to resign themselves to their situation and no longer think about education. Moreover, coupled with the example of unemployment that continues to increase after they graduate from college, this immediately triggers other thoughts in the minds of poor people, where their interest in pursuing education actually decreases.

This is the same for the people in my country as well. A lot of people who graduated from college do either of two jobs. Girls usually end up being salespeople at shops; it could be make-up, it could be clothes, it could even be grocery shops. We do not have Walmart in my country, but imagine places like that, so they become cashiers there, etc. Boys usually end up graduating and then doing either Uber or doing food delivery. This is the type of thing college graduates will have to end up looking forward to because there aren't that many jobs for everyone.

If there are 40 graduates from a place, 10 of them could find a job because there are 10 jobs that hire, but then what other 30 of them have to do? Saying "be better at what you do so that people will want to hire you" will make 10 of them better, but since there are only 10 jobs for every 40 graduates, that means no matter how amazing they are, they can't have more; 30 of them will have to do other jobs no matter what. This means that we are going to end up with a lot of terrible futures for these kids, and some kids who are going to college even right now are aware of this, and yet they still want to make sure they get their title.

[Tmoonz]

The rich made the educational system and that's why we've been told that to finish college degree and have a beautiful and high-paying job working for them. It's only realized when it's already quite late for the person who understands that it only takes to a couple of experience and understanding to become financially knowledgeable. And that's what isn't taught by the rich, because what they want is a system that people only sees themselves as employees forever and enjoy the weekends through entertainment without too much to worry about their finances and future.

The education system doesn't guarantee high-paying jobs it only makes graduates job ready. Besides a productive mindset will look for opportunity to create their own employment opportunity either as an entrepreneur or through partnership. The current  inflation rate in our todays world is such that anyone who seek financial stability should prioritize their own investment as a plan for their future financial growth which is the secret to what the so called rich elites do.

Most wealthy people today have low educational background, and they are doing so well financially and even far better than those that has a good educational foundation, the dream of getting a high paying jobs as a graduate doesn't come to reality to all but only to a few, people can gain financial freedom through different means and just as you said by creating their own employment opportunity, I know of a man who studied electrical engineering up to the university level and after graduation he came back, looking for a degree job higher paying one at that for a long time but all to no avail, he later started a livestock farming in a small scale but today he is running in an extension and in a larger scale which means he is doing very well for himself.

[Peanutswar]

The rich man has information at his finger tips especially investment. The rich man has knowledge because he has acquired financial knowledge and a certificate to back it up but the poor man is always chasing degrees here and there. Here, education is not the problem but financial and investment knowledge are. Take Bitcoin for example,there are those who have made a whole lot of money from it. Those who made money from Bitcoin are those who have the knowledge of it. The poor man chases degree without financial knowledge,am not saying chasing degrees is a bad thing but rather am saying balance it with financial knowledge. What is your take

But we cant deny that if you are a rich person already there is a lot of opportunity came from you and tons of connections you made already compared with the poor man, this is the reason why money is an edge when it comes in the world. If you are kind of rich with a lot of extra money you can have a lot of time to use such ias increase your potential in terms of money, people, and knowledge but if you are a poor man all you need to focus is to earn money and how? thats the hard part you need to suffer. For me basically it depends on how you will treat the degree, others seen already their future with their current degree so they will use their knowledge to earn money, others just wanted to have a degree only but the faith brought them into different path, others seeing degree as a fallback only if their testing waters faith are aint for them. We have different struggles, challenges and opportunity so its too hard to compare yourself into others.