I find it mind-boggling that I did not learn a single thing about finances, personal economy and the current economic system in school. As far as I can remember – I’m 26 – we did not talk about personal economy during High School. The one aspect that has the largest effect on anyone’s lives. Even in college where I took a Bachelor degree in Entrepreneurship and Business, we didn’t give it a thought. I cannot explain how, sorry my language, FUCKED UP that is.
One would believe that the Norwegian Business School actually would teach its students about the international finance scheme we are all a part of. How interest rates work, how central banks work, and how unfair the system is. I guess few schools, colleges and universities want to enlighten their students. Let’s face it. What’s their main priority? It is to gain more students, become more attractive, and ensure that students get a 9-to-5 job. Most schools have a survey of recent graduates where they are scored based on how many of the alumni that have received a job. I believe this is skewed.
Also read: The Global Game
Every state in the world are desperately trying to have the highest employee rate possible in order to increase their GDP. China is a good example, as they believe a GDP-growth rate of less than 5% is a catastrophe. And during modern times, more employable people and jobs have been correlated with GDP-growth.
(The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country’s economy. It represents the total dollar value of all goods and services produced over a specific time period; you can think of it as the size of the economy.)
We have created a global economic system that still favors the rich and enslaves the poor. It’s the same system that we previously had with landlords and peasants, the only difference is that people aren’t aware of it today. It’s not that obvious. And we have so many distractions in our lives and a banking scheme that takes away our mental capability to reflect over the current situation. Some, like me, are constantly debating the problems with our economic system, but we are a minority. There are too many people that are thriving in this ecosystem of “eat or get eaten” mentality which makes it hard to change the current situation.
When processes are being automated and more people are getting sacked, I hope more people will understand the consequences of the system that rules us all. I’m not totally against the system we have, as it has pushed the world forward at an unprecedented rate, but there’s plenty of room for improvement.
The system is not in place to serve you. It’s in place to serve itself. You won’t be given any tools that you can utilize to circumvent the system. You have to be willing to learn, discover and experiment yourself. Do not get locked in a 9-5 job that you do not consider to be of great value to yourself and your goals. If you are in a job that drains your creativity, your openness and your happiness, start planning for an exit. It is easy for me to say such and it’s easy for you to read it without looking further into the possibilities you got. I urge you, do not be the fool in our system. Be the puppet master.
Also read: One Thing is Certain, You Will Lose Your Job
What I wish I learned at school
If someone during high school or college could explain the financial models in place, all of its glory and ugliness, which could help me understand and plan for my financial future, I would be very grateful. I would also be grateful if someone could teach me about personal finance, passive and smart income, how to and what to invest in. And the importance of interest rates and exponential growth.
In Norway, many graduates are now struggling with getting a job due to a weak labor market. Most of them have not planned for their financial future, but instead are relying on getting a peasant’s job. They got a high debt due to student loans and some of them have consumer loans with 15% to 38% interest (I call them the ignorant people). They cannot be upbraided for being stupid. The system has made them this way. And it’s horrible.
It would be good to know that the most successful (in terms of $) have been entrepreneurs and financial investors & traders (they know the game). If you want to be enslaved, please go ahead and study marketing, accounting, administration, HR, + more.. Those studies don’t give you the financial freedom every human ought to have.
The video below is a good inspirational video that I watched last week, I disagree with some of his statements, but the overall message is worth reflecting upon:
Don’t be fooled. Don’t get stuck forever in a 9-5 job you don’t worship. You will lose your job; you will become irrelevant at some point due to new technology. Think about yourself, your goals, and start making a plan for where you want to be in the next 5, 10 and 20 years.
I would strongly recommend that you start your own business or venture, even if it’s just a small side gig. Start looking into new opportunities. Create a second revenue stream, remember: CASHFLOW IS THE KING. It’s good to invest your money, and some enjoy trading, but you cannot rely on investments nor trading. It can tank. You should first and foremost establish a second revenue stream before you invest your money. And always remember: Never lose money.
Also read: Invest, Trade or Create? What Gives You the Greatest Return?