Do I need a college degree to make good money in today’s world?
Credentials were vital in the old world—the world of my father and mother. You’d apply for a job and people would say, “Where did you get your degree?” or “What’s your degree in?”
People hire you today because of what you can do. Your past history might be somewhat interesting, but your skills and (personally developed) talent are really what they want. It’s not whether they are impressed. It’s whether you can help.
Money is only an idea.
If you want more money simply change your thinking. Every self-made person started small with an idea, then turned it into something big. The same applies with investing.
It takes only a few dollars to start and grow it into something big. There are so many people who spend their lives chasing the big deal, or trying to mass a lot of money to get into a big deal, but to me that is foolish. Too often I have seen unsophisticated investors put their large nest egg into one deal and lose most of it rapidly. They may have been good workers but they were not good investors.
• Learn from history. All the big companies on the stock exchange started out as small companies. Colonel Sanders did not get rich until after he lost everything in his 60s. Bill Gates was one of the richest men in the world before he was 30.
• Action always beats inaction