February 11, 2018

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Why Millennials Will Become Millionaires by 2020

February 11, 2018

 

Within the next 5 years, many millennials will become millionaires.

 

I believe that students could graduate high school at age 16 if they wanted to. In just a short time, they could learn calculus, world history, college-level vocabulary and writing, and other necessary subjects. Truthfully, they could probably learn a dozen languages too.

 

By 18 years of age, they could have a master’s degree; by 19 or 20, a doctorate. They could do all of this while cultivating relationships in school and even participating in extra-curricular activities, like sports or work. Plus, they have enough time to 'grow up' too. 

 

Read the last two paragraphs again.

 

Now, think about all the wasted time in school:

 

--Teachers who start 10-20 minutes late

--Reckless students who steal classroom time

--Fire-Drills and Assemblies

--Study Halls and Extended Lunch Breaks 

 

Students Can Be Entrepreneurial
 

I believe the average student could be more entrepreneurial. Instead of going to school for 8 hours per day, they could go to school for 4 hours per day. In fact, they could get to school from 7-11 am, 12-4 pm or even 4-8 pm. They could go to school 3 days a week and still get the same amount of education, or more.

 

During their free-time, they may take entrepreneurial based classes. They could become an apprentice for a real business owner too. As they take on more real-world assignments, they could finally gather the courage to start their business full-time.

 

If this is the case, then why do students have to wait so long before they graduate? Is it because they have to 'grow up?' Is it because they can’t handle the real world? 

 

Actually, they can handle the real world.

 

Teenagers could do almost everything adults can do, especially after the age of 16. Just look at millions of young producers in 3rd world countries. They can build and grow store-fronts and peddle virtually any product. If they can do this, I'm sure they can handle a 20 hour work week.

 

But Why Aren't They Working?
 

However, when you take a look at the global economy, you'll find that the real reason why teenagers aren't employed is because there aren't enough jobs. Since there aren't enough jobs, teenagers must stay in school.

 

It's like a 'babysitting' plan for parents. Because parents are too busy working, these young students stay in school for extended years to get their 'education'.

 

But why aren't there enough jobs? The answer is simple: There aren't enough entrepreneurs. If you look at the latest research, you'll find that 10% of the world's population are entrepreneurs; 90% are employees. Entrepreneurs are the ones who create jobs for the 90%.

 

The reason there aren't enough entrepreneurs is because schools don't promote it. I'm sure you've heard the statistic, "98% of business’ fail within the first 3 years."

 

These statistics usually come from a professor who's never had a business. If this is true, it’s because we aren’t educating entrepreneurs well or providing them the proper tools to succeed in business.

 
Where are the Entrepreneurs?
 

Unfortunately, students don't have access to real entrepreneurs while in school. They see entrepreneurs on television or maybe even hear about relatives who are in business. However, they rarely get the interaction that they need from those who've been in business.

 

In short, they 'don't know what they don't know' about business.

 

When a student is searching for a career, they look for the highest paying jobs: doctor, lawyer, engineer, pharmacist, etc. When they find their results, they never see salesperson or entrepreneur, which are actually the highest-paying professions, as an option.

 

Students seldom know what to think about these 'stats'. When they seek counsel, they're told that they need more experience. They need to get their 'feet wet'. Usually, it's the 90% (employees) who tell them this. This same employee enforces the fact that the students 'go to school