Like Father, Like Son – The Horrible Fact of Life

For those who don’t remember or don’t know, I have written an article a while back called “Why It’s a Good Idea to Quit College & Start a Business”. This article had gotten me more disapproval than approval, but that’s because most are old school and refuse to admit that the world have changed. I didn’t mean for someone who wants to become a doctor to quit college because I sure don’t want someone certified to perform operation on me. But the truth is if you want to learn how to build a website or music production, you don’t need to waste your money and time at college because the internet teaches a lot faster. For a better explanation for why I wrote such an article, watch this video.

Following In Your Father’s Footsteps

In this article, however, I want to talk about a fact in life that I hate. Have you notice that the sons of wealthy corporate owners will grow up to be successful entrepreneurs and the sons of farmers will grow up to be farmers? I hate this not because I dislike wealthy people or look down upon farmers; I hate it because it doesn’t have to be this way.

The reasons a corporate owner’s son grew up to be a successful entrepreneur and the farmer’s son grew up to be a farmer is because of the father. A corporate owner would teach his son the importance of money and how to use it wisely to make more money while the farmer will teach his son how to plant crops. In the best case, the farmer will tell his son to go to college, get a degree, find a job after graduation, save money, buy a house because that’s your biggest asset, pay off debts, and invest in a diversified portfolio of Mutual Funds for the long term.

For those who have any idea about finance and money, understands that the farmer’s son is in big trouble if he follows these advices. Those advices can help the farmer’s son put food on the table, but he will struggle financially the rest of his life.

I hope I’m not confusing anyone, but what I’ve been trying to say is increase your financial knowledge especially in today’s economy. Your knowledge is your greatest asset and increasing your financial knowledge can help you save a lot of money simply because you understand how money works. One of the financial coach I recommend is Robert T. Kiyosaki.

Money = Success

I don’t think anyone would want to disagree with me when I say money equal success. How do I know money equal success? Well, I asked my little nephew who is 8 years old what he wanted to be when he grows up. He said he wanted to be a doctor (probably because that’s what his parents is encouraging him to be). I asked him, “Why do you wanted to be a doctor”? He said, “It’s because I wanted to make lot money”.

I was not surprised, but he said he wanted to be a doctor to make a lot of money rather than to help cure people. My question is does doctor really makes a lot of money? They are middle class, but wanting to become a doctor to make lots of money is outrageously stupid. I was told by my parents to become doctors as well (because that’s what Asian parents like to teach their kids), but if I’m ever a doctor, I will choose to be a doctor because I love science and want to spend my life researching new cures, not because of money. Successful doctors don’t make that much money when compared to established entrepreneurs and even small business owners and they don’t have much free time.

Things That Are Not Taught In School

The corporate owner’s son and the farmer’s son can go to the same school and learn the same thing in school, but the farmer’s son will never be as successful as the corporate owner’s son because the corporate owner will teach his son the things that are not taught in school. Schools only teach academic lessons and rarely does a school teaches students about money. The question is does the school system intentionally not teach it’s students about money or they are too stupid and overlook its importance? I was forced to take gym class in high school, yet, no one even tell me I should learn about finance and money before I graduate.

Somehow I ended up owing more than $6,000 my first year at college and this started to scare me when I realize that I might not be able to pay it off. I got scholarships, but I can’t stop spending like an idiot. This never would have happened if I was taught how to take good care of my money in high school. It seems like the United States wants people to be in debt. It’s sad, but true.
If it wasn’t for paying off my debts, I wouldn’t be looking for financial related information all over the place and ended up becoming an entrepreneur that I am today. I took the hard way out, but it was worth it.

Increasing Financial Knowledge

I encourage people to increase their financial knowledge because that is and will always be your biggest asset until the day you die. Some holier-than-thou people will take this offensive and don’t want to learn more about money because based on them money is the root of all evil, but it’s the ignorance of money that’s the root of all evil. The truth is money makes a lot of things in this world go around, so if you want to live a happy life and get nearly everything you want, increase your financial knowledge.

I should warn you that most of the financial advices online are rubbish that teaches you things like living below your means and save money. This is stupid because living below your means basically means, “I’m not good enough to deserve that, I should settle for something less”. I wonder, do you still want to live below your means? Instead of settling for less, ask your how you can afford that which you wanted. Telling someone to save money is even worse because the government is printing trillions of dollars. I have thousands of dollars saved, but in the form of silver and gold bullion. Purchasing gold and silver is much better than saving cash. The bank might give you interest, but the value of money is going down so fast the interest your bank give you can’t keep up.

If you’re that farmer don’t let you son be like you because in today’s world, it is money and financial knowledge that is king. If this was thousands of years ago when food was more important than money than by all mean teach your son/daughter how to farm, but that’s not the case. Today money is the main mean of exchange and everybody needs to have at least a basic knowledge and awareness of money to even out the playing field between the poor and the rich. But for some reason, this knowledge can’t be found in public schools.

About the Author: 21 years old entrepreneur, Nathan Lee, enjoys blogging about making money online and women. Visit his websites Tycoon Wisdom and Modern Seduction to learn more and download his eBooks completely Free! of charge.

Apart from blogging, Nathan Lee is a professional music composer and his talent is demonstrated through his website Nathan Lee Studio. You can visit his music website by clicking on the link provided.