[Text Transcript Excerpts from Tayo Solagbade’s MP3 Podcast] Achieving Financial Freedom – Why What You Learnt In School May NOT Be Enough…& What You Need to LEARN
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“…How many teachers do you know that are millionaires? This is something I ask my kids all the time. I am not wasting any time at all. I’m taking my kids through this.
I’m not going to let them go through the pains of self-discovery that I had to go through, because of the wrong exposure to schooling that I had. Schooling that was not going to prepare me for life outside salaried employment.
And the truth of the matter is that salaried employment does not last for life.
You will eventually have to retire, or you get kicked out. And when that happens, then you have to earn income, because the money you get, whether it is a 401k, pension fund or whatever they call it, will rarely be enough to take you through the rest of your life, till you pass on.
So then it means you have to begin, after doing a job, maybe after getting to the age of 65, and then getting kicked out, resigning or retiring, you then begin to look for ways to earn income outside of paid employment.
It can be quite difficult to do that in a consistent way that enables you to maintain the lifestyle that you’re used to, when you had a job.
So, the thing is school does not teach you how to do that, and that’s a problem. I have a big problem with schools….”
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I recently shared a quote by Robert Kiyosaki on Facebook, stating – in part – that his Rich Dad often said “If going to school made you rich, then schoolteachers would be millionaires‘”. A friend – Ernest – later posted this question: “What is the way forward towards earning financial freedom? I don dey tire oooo“(see screen shot below).
