The very 11 Shocking Reasons Many Book People Are Poor.
Why are too many so-called educated “bukuru” [book] people after so many degrees still poor commensurate to years and supposed knowledge acquired? Many cogitations of mine have enabled me to come up with these 11 unbreakable reasons.
Reason #1
Why so many “bukuru” people are poor is because financial education is not given/taught in schools whether at UG, PG, post-doctoral, primary, or secondary. Think of it for 5 seconds. People think education is schooling in 4-wall of a school. Error! The school does not teach about life, money, or leadership, rather school can teach about getting a career or employment. The school wasn’t designed for the former. You can get broke even with 10 PhD degrees.
Way Out
Read good books from impacting authors, books in and outside your discipline, books on business, financial literacy, selling, leadership, growth, relationships, or as applied to your interest areas maybe fashion, dietetics, properties, estate development, etc. Deal with financial illiteracy squarely. More importantly, think out of the box.
Reason #2
Most “bukuru” people are too poor because most people become uneducated immediately after their schooling. What is education? schooling? To many, it is a degree from UI, Unical, IMSU, Unilag, IMOPOLY, etc. Education is not got in the classroom per se, but it’s what you get every day as you get your food/oxygen, when you get info, you don’t have from someone.
Way-out
See education as water, air, and food you take in and use it all the time, at all places, and are never enough. In fact, morning cannot suffix in the afternoon. You get used up with schooling but not with education. So get educated.
Reason #3
The reason most educated people (“bukuru”) are poor is because the more time you spend in school, the more you are likely to love the job – slow and steady, sometimes slow and same, than thinking of greatness/richness. School wasn’t designed to make you wealthy, but to be more comfortable if you’re able to get a plum job. The search for getting wealthy/rich becomes agitations for promotions and other irregularities/immoralities lectures/teachers indulge in at the massacre of academics.
Reason #4
Truly wealthy people are people who would work with 20-50 [many persons’] brains. Bukuru people are used to working alone or at most three. Jobs don’t give you leverage to make wealth. Work does. “Bukuru” people don’t have the leverage others or entrepreneurs have to work with 100 hands, 50 brains, and such. Wealth comes by leveraging on other people’s money (OPM), effort (OPE), time (OPT), and or resources (OPR).
Way-out
Everyone cannot be an entrepreneur. You can master the act of investing, if you can’t be an entrepreneur, you can use your skills. Mathematically, esbi – e = sbi.
Reason #5
The reason many “bukuru” people are poor is because so many of them who believe in their minds that they’re educated are arrogant. So many of them because of plenty of degrees, tend to believe that those who drop from uni/poly or didn’t finish school nor attended any school have nothing to offer them, but these “bukuru” people incidentally go and be their PA, protocol officer and letter writer. You need to see lecturers argue in their group. It is called academic exercise.
Way-out
Be humbled and learn from anyone and anything.
Reason #6
The reason many “bukuru” people are poor is because many highly educated [schooled] people and highly paid/salaried people buy a lot of liabilities (unlike their uneducated ones). The ones who believe he has a big job [that’s many who earn about N1m/month] buy a lot of nonsense – expensive gadgets, houses, and mortgages. The amount earned doesn’t matter as much as what you invest in your future.
Reason #7
The reason for this poverty is that many highly educated “bukuru” people lose their jobs. No matter, people do lose their business also but not as disastrous as people lose their jobs. This is because they are business owners, and they started from scratch, hence can always start/rebuild again.
Way-out
In today’s economy, it doesn’t matter how many degrees you have, anything can happen. An employee’s job depends on the decision of another, while an entrepreneur’s business depends on his decision. Be today’s compliant.
Reason #8
The reason “bukuru” people are poor is because of school-certified or sponsored loans, bank or TetFund loans, which they spend a lot of time repaying. Imagine in 2018 in the US, the average college debt (loan) amounted to $70, 000. $37,172 is the average student’s debt. Some students leave school with over N200,000. At the PhD level, it amounts to N1m plus. It can take 7 years for average students to pay up outrageous debt. That means the “bukuru” man continues in penury.
Reason #9
The reason is because taxes are made for them (the “bukurus”). See this illustration: in August 2011, Warren Buffet wrote an opinion in which he wrote that his 2010 Federal Tax is 17.4% tax paid by his company as compared to 30.28% paid by an average of 20 of his workers. Why? Taxes are made for employees. So the more money they make, the more the government dupes them.
Reason #10
The reason many “bukuru” people are poor is because the more time you spend in the classroom, the more you are likely to live your life alone (solitary) – no collaboration, one brain, not 50, one pair of hands, not 50. School is designed to teach you to do things, (assignments, homework, exams) alone while in real-world collaborations, networking, teamwork, and partnership are the way to go for wealth.
Reason #11
Many “bukuru” keep reading, reading, and reading till they become a professor and beyond because of devilish thinking that life is Turn-by-Turn, so one day it will be my turn to become a VC, Rector. Provost, Director of Plum Project, etc, so that by my turn I will steal, steal, and steal.
Way-Out
In life, less than 0.001% attain such height in a group, so 99.99% wait for such opportunity will land them into poverty. life is not T-by-T but being the right person at the right time at the right place (lessons for another day) and placing a demand on what you DESIRE.
#LeadershipIsEverything and #MikeIhezuoSpeaks speak about Leadership, Entrepreneurship, ADR, and Success Motivation. A Management expert, Teamwork maestro and PeaceConlicts exponent. Reach him on CONTACT.
