One thing I've learned is that there are many people like the plumber mentioned in the article that do better than many Ivy League grads financially. I know one person who has a two-year degree, worked as an electrician, and built his business to where he's one of the wealthiest people I personally know. Another sold his junk yard (which made him good money for years) for over a million. According to the book "The Millionaire Mind" there's plenty of folks like that and just as many graduates of big schools who live paycheck to paycheck to show how "rich" they are.
The richest guy I've met never had any post-secondary schooling except Hamburger U. He owns 12 McDonald's franchises and each clears about 1.5 million a year.
But data shows that small business owners are some of the better off in the country. Maybe not as good as the average Ivy League lawyer, but better than most college grads.
Talk to a few good plumbers and you'll realize that they are all set. Kids these days want to go to college and get "white collar" jobs and this has created a huge opportunity for smart people who work in the trades.
Comments
One thing I've learned is that there are many people like the plumber mentioned in the article that do better than many Ivy League grads financially. I know one person who has a two-year degree, worked as an electrician, and built his business to where he's one of the wealthiest people I personally know. Another sold his junk yard (which made him good money for years) for over a million. According to the book "The Millionaire Mind" there's plenty of folks like that and just as many graduates of big schools who live paycheck to paycheck to show how "rich" they are.
The richest guy I've met never had any post-secondary schooling except Hamburger U. He owns 12 McDonald's franchises and each clears about 1.5 million a year.
The plural of anecdote is not data. There will always be exceptions to any rule.
But data shows that small business owners are some of the better off in the country. Maybe not as good as the average Ivy League lawyer, but better than most college grads.
Talk to a few good plumbers and you'll realize that they are all set. Kids these days want to go to college and get "white collar" jobs and this has created a huge opportunity for smart people who work in the trades.