Unfair Advantage 7. “Get a good education.” In this book you will find out why you need to question where education will take you and who your instructors are.
For example, I enrolled in an MBA program in 1973. My instructors were all employees in the E quadrant. I resigned after six months because I realized that the two-year course of study was programming me to become a well-paid employee in the E quadrant.
If you want to grow into the B and I quadrants, you need instructors and mentors from those quadrants.
In flight school, my first instructors taught me the basics of flying. The next level of instructors taught me advanced flying, which allowed me to graduate from flight school. My next instructors were combat pilots. They were a completely different level of instructor. I already knew how to fly, but the combatpilot instructors were preparing me for the real world of war.
Financial education is much like flight school. Learning to fly is not a do-it-yourself project. It is best to have the most talented pilots available to educate and train students and give them the opportunity for hands-on experience before they go on to the next level.
One of the problems with traditional education is the absence of real-world experience. Most kids leave school with technical answers to problems but lack the skills needed to put their technical knowledge to good use. This means their most important instructors are the teachers or mentors they meet once they graduate.
One tragedy of this financial crisis is that many college graduates are leaving school but not finding jobs. It is this real-world experience that is crucial to a person’s lifelong learning and development and defines who they ultimately become in life.
One reason why so many students leave school and are unable 15
by Rich Dad, Robert Kiyosaki