Isn't population a significant factor also ? Even if they want to, not everybody in poor countries has access to education or can afford to take education.

Secondly, there's the issue of Brain Drain . Take the case of India. Bright engineers graduate from Government funded top notch schools like the Indian Institute of Technology (IIT) and choose to come over to US. These engineers have made a huge impact on the industry. But in the US and not in the home country.

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Download and review ! Omega_M - In the Mix (Beta Version)

Originally posted by twilightki : It feels like something you'd listen to at 4 in the morning, or listen to in your car while you're going in a tunnel.

Last edited by Omega_M on Jan-15-2007 at 18:25

I think that its more then education that makes the rich, rich. Education can take you to a certain level. If you want money to work for you, then I dont think you should spend amount of years in universities getting all the degrees, and building up your resume for the corporate world. All schools do for you nowadays is teach you how to work for money.

Now having said all of that. I'd still prefer a Wharton degree in business, and still think like this

Well, obviously there's a lot of reasons, but overall Krypton is right.
I read that the literacy rate in India is still under 60 percent

There are many factors that seperate the rich from the poor in this world. Education is one of those factors in many cases but it's far too simplistic to say that it is the only one. Certainly access to education is important but so is access to economic opportunity, health care, an ordered society, security of the person, etc. All these things are necessary for one to prosper economically. If Bill Gates were raised in Chad, suffered from some potentially deadly childhood disease which he could not get treated, and lacked the economic resources to position himself in such a way as to avail himself to economic resources then it is fairly safe to say he would not be rich. Take away any of the things I listed above and no person can establish any wealth to speak of.

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Originally posted by RickyM you're just a shit version of Moral Hazard. At least he knows what he's talking about.

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Originally posted by pkcRAISTLIN lol, i love it when moral feels the need to lay the smack down

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Originally posted by Moral Hazard There are many factors that seperate the rich from the poor in this world. Education is one of those factors in many cases but it's far too simplistic to say that it is the only one. Certainly access to education is important but so is access to economic opportunity, health care, an ordered society, security of the person, etc. All these things are necessary for one to prosper economically. If Bill Gates were raised in Chad, suffered from some potentially deadly childhood disease which he could not get treated, and lacked the economic resources to position himself in such a way as to avail himself to economic resources then it is fairly safe to say he would not be rich. Take away any of the things I listed above and no person can establish any wealth to speak of.

True.

In the west, especially in the USA, there is the education, the economic opportunity, health care, stable government, etc. In a country like this, the only excuse for not being wealthy is because of a lack of financial education. People don't want to think for themselves. They want the government to everything for them. Or they want their job to do it. They depend on nothing more than a job and the government, then complain that those who do think independently and have made a nice life for themselves aren't paying enough. I'de say I'm strongly anti-socialist.

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Originally posted by Kapedan I think that its more then education that makes the rich, rich. Education can take you to a certain level. If you want money to work for you, then I dont think you should spend amount of years in universities getting all the degrees, and building up your resume for the corporate world. All schools do for you nowadays is teach you how to work for money.

Yep, the rich people i know dont have any college degrees & most dont even have a high school diploma.

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Originally posted by jonSun Yep, the rich people i know dont have any college degrees & most dont even have a high school diploma.

Yep, students these days are taught how to work for money, go to college, learn a trade, then find a stable job with benefits. In today's world, this just isn't going to be possible. It is because of the massive benefits that GM is in such bad waters right now.

You don't need a college degree to:
Invest in the stock market.
Buy & Sell Real Estate.
Start & run your own business.

Those are just three ways many smart people have become rich. And they all don't require a college degree. Just be open-minded, creative, and most of all, LEARN HOW TO MAKE MONEY FROM MONEY AND NOT FROM WORKING A 9-5 JOB.

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Originally posted by Krypton Yep, students these days are taught how to work for money, go to college, learn a trade, then find a stable job with benefits. In today's world, this just isn't going to be possible. It is because of the massive benefits that GM is in such bad waters right now. You don't need a college degree to: Invest in the stock market. Buy & Sell Real Estate. Start & run your own business. Those are just three ways many smart people have become rich. And they all don't require a college degree. Just be open-minded, creative, and most of all, LEARN HOW TO MAKE MONEY FROM MONEY AND NOT FROM WORKING A 9-5 JOB.

Amen brotha. If everybody thought like us, then there wouldnt be much for us to get out of this, so i'm kind of glad they dont haha

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Originally posted by Krypton Yep, students these days are taught how to work for money, go to college, learn a trade, then find a stable job with benefits. In today's world, this just isn't going to be possible. It is because of the massive benefits that GM is in such bad waters right now. You don't need a college degree to: Invest in the stock market. Buy & Sell Real Estate. Start & run your own business. Those are just three ways many smart people have become rich. And they all don't require a college degree. Just be open-minded, creative, and most of all, LEARN HOW TO MAKE MONEY FROM MONEY AND NOT FROM WORKING A 9-5 JOB.

This reminds me of a book I read ahwile back called Rich Dad Poor Dad
http://www.amazon.com/Rich-Dad-Poor...e/dp/0446677450

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Originally posted by CHRles This reminds me of a book I read ahwile back called Rich Dad Poor Dad http://www.amazon.com/Rich-Dad-Poor...e/dp/0446677450

Great book. I read it a few years ago. I was going to mention that in this thread, but you took it off me

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Originally posted by Kapedan Great book. I read it a few years ago. I was going to mention that in this thread, but you took it off me

In all honesty, it struck me as a promotional real-estate book. Kyosaki made some good and valid points, but a lot of it was a guy who was in the right place at the right time (nothing wrong with that). Indeed, there is more than one way to skin a cat but real-estate ain't the end-all be-all.