Welcome back to Limitless TV. Have you ever wondered why schools don't teach
you anything about money? Hey friends, Stephen Michael Miller here and I'm
am I'm going to be on a rant. I'm going to warn you right now a buckle in because we're
about to talk about one of my favorite topics which is school and it's not what
you think, okay? I have actually gotten my degree. I went to college. I got my
bachelor's degree in business, in international business actually with a
little subtext of management information systems. But the question here is why
don't schools teach you about money or what do schools teach you about money? So
hang tight here because I'm about to go off. Schools don't really teach you
about money. Okay, I was in the world of business. I was in the world of
international business. And I took a finance class, I took an investment class,
I took accounting. I took all those basic classes that come along with your
typical business degree and I will tell you right now that the things that I
learned in those classes, were already out of date. As soon as I graduated from
college, I got into business. Almost directly after I graduated from college,
I actually came out and I went into business with Kris. Now, a lot of you
don't know this but I met Kris years and years ago out in Germany. We were
doing some service out in Germany and we became great friends. Had always talked
about going into business with each other. So, we never knew if that would
amount to anything or not. But but when we got back home from being overseas , we
circumstances happened we finally at one point went into business with each other.
And when I went into business with Kris, nothing that I learned in school that I
can remember, helped me in any way shape or form. Now, this isn't to say that
school is horrible or that you shouldn't go to school that's not my
conversation right now. But the conversation is as school does not teach
you how to create money. It does not teach you how to create wealth. School on
a whole, teaches you how to be an employee for the most part. As a matter
of fact, most people that go to school for
even some of the more popular types of degrees or those that you're told
that you should do, right? If you're told to go to school to become a doctor or an
engineer or an architect or you know or any of the top five or ten type of money
makers out there. Professions that will earn you the most. Although they teach
you great skills and although they're very important at times, they typically
do not teach you how to be a business owner.
They don't teach you how to create money, how to create wealth. They teach you how
to be an employee. Like even the doctors, right? They teach you a great skill. They
teach you how to how to save people's lives, they teach you all about the body
and how to navigate, they teach you how to practice proper medicine, how to
find problems and define solutions for those problems. But they
don't teach you how to grow and sustain an amazing practice. They don't teach you
how to build a business around it. They teach you how
to be a dentist but they don't teach you how to set up the office and how to
acquire the right type of you know equipment that you need. They don't teach
you how to manage employees properly and how to set it up so that it's going to be
really profitable for you in the long term. So school does not teach you how to
create, how to grow, how to really even manage your wealth. School teaches you
skills at times that you can then implement. So, here's my whole
thing. I mean you know my wife and I, we decided a couple years ago that we
wanted to home-school our children. Now, this is where maybe some of that rent
comes into play. So, bear with me and I'm going to get into some of our founding
fathers information because I'm passionate about some of that as well. I
read a book several years ago called "John Adams" . And I read alongside of John
Adams. I read 1776. Both of these books are written by David McCullough, an
amazing author. I think he's a Pulitzer Prize winning author. He's an amazing
individual in historical fiction or historical nonfiction and when I read
John Adams I learned more about what we should do to create wealth. Then
probably most other books that I've ever read. I learned more about
education or education systems or how we should educate ourselves in order
to create the life that we want, then from a lot of other things.
From anything I learned in school. What I've learned was that John Adams had a
passion. He had something that he was focused on. Something he loved, right? Back
in John Adams day, the school system was different. People didn't just go to
school, pick a major, learn it and then go get a job. People discovered first what
they loved, right? Actually, this is a different concept. They said and John
Adams believed in this. Before you find your your occupation, you need to
discover and understanding your vocation. Now, you're going to ask me what this has to
do with with schools and creating wealth. Well, I'll tell you here in just a minute.
But what is your vocation? Well, we understand vocation. We believe that our
vocation is another word for your occupation, right? Oftentimes, we think
that our vocation maybe more of a hands-on type of thing. If you go to a
vocational College, sometimes that's like being an auto
mechanic or an x-ray technician or some of those more hands-on training type of
things. But that's not what vocation actually means. If you look up the
etymology of what vocation is, vocation actually means you find out your purpose,
your God-given purpose and then you build your occupation around that. So,
your vocation is your higher purpose which you're supposed to then build your
occupation around. We're taught differently. We're taught to go to school,
and to pick the degree that will earn us the most money because that's what we
need to be able to take care of our family or to support ourselves well or
whatever, right? We're told from society and sometimes even from our parents or
our parents' parents, sometimes this is generational. We're told that we can't
make money doing what we love. But the reality is it's just the opposite.
I've learned exactly the opposite. Most people that get after passionately what
they love, will actually create more money. Don't just go to school to do
something that you feel like you're supposed to do to create a dollar. Go to
school if it's right for you because you have come to an understanding
of what you love, what your vocation is and you school as a tool to help build
the proper occupation around what you are passionate about.
That's how school can be helpful in helping you earn more money. But it's not
going to get you there by itself. So you need to learn first of all, again like I
said, what John Adams did. Which by the way to talk about John Adams,
do you know what John Adams was passionate about? Have you learned about
that? I don't remember learning about this in school but I look at about it
when I read the book. John Adams was passionate about law. He loved everything
that had to do with law. Now, I don't know if you're like me. But I can't stand, I
shouldn't say it that way. I actually love law. I'm not passionate about law. I
love what law does from yet, I like to understand some things about law. But I'm
not passionate about law. I've got a brother who's a lawyer. He's an amazing
lawyer but I couldn't do what he does because I have no desire for that. I've
no passion in it. You sent me in front of a law book, I promise you within 5 to 10
minutes I'll be snoring. Like I'll be asleep. It'll put me directly to sleep
because I have no passion for it. Yeah, we send our kids to school all day, every
day, typically, telling them to learn things
that often times they have no passion for. They have no inclination towards
and we tell them they have to learn those things because it's what's
expected in society. Rather than helping to support them to learn those things
that will help them create true wealth. Think about this for a moment. When
you're passionate about something, how do you attack it? Do you get after it more?
Are you excited about it more? Does that excitement actually fuel what you're
doing? Do other people see what you're doing in your excitement? When you're
working inside your genius, don't people come up to you and say afterwards, wow!
that was awesome! I think that was really neat to
experience. You're really talented in that and they get excited because of
your excitement. This is what school should be and this is what school should
teach but it typically does not. And so, school isn't going to necessarily make you
rich. School isn't going teach you how to earn more money but getting inside of
your passions and learning how to apply those passions to a business or the
growing wealth, is going to make you more money. John Adams would spend hours on
the steps of the congressional congress, speaking to his fellow brothers and
sisters. People that were there is fellow founding fathers and tell him all about
why liberty was important. Because he had poured over law. He had learned his craft
and it made him a truly successful individual in all areas of his life but
also, professionally. So, can school help you create wealth? Can school make you
money? I'm going ti say it's not the school, it's you.
Utilizing school for the proper way. If that's your right path. If school is your
right path, then get a mentor. Get someone who is passionate about what you're
passionate about. Who has experience in what you're looking to experience, what
you're looking to create and learn from them. We used to do this a long time ago.
It's called apprenticeship. Where people would pay to go and learn from the
master. From someone who's been there and done that. You want to learn how to
create true money in your life. School may be a good answer for you but it may
also not. Learning from people who have been there and done that now, that can
help you create true wealth in your life. Alright friends, hopefully I've
convinced you a little bit here about doing things a little bit differently
and learning more. If you'd like to learn more go ahead and subscribe. We're always
putting out videos about how you can create greater wealth in your life. Have
a great day and we'll see you tomorrow.