Why College Might Not Be For You with Rich Dad Poor Dad Author Sharon Lechter

Audio Transcription

Welcome back to the conversation. It is the thrive time show on your radio and podcast download. Our job on the thrive time show is to break down best practice systems, processes, and strategies that actual people who are actually successful use and have used to create their success. So Chuck, on today’s show, we’re talking about a subject that’s going to probably a irritated at least half to two thirds of the listening audience. We’re questioning as to whether you actually need to earn a college degree, but we decided, you know, what we’re gonna do is we’re gonna, we’re gonna. We’re gonna supply the facts here you go on today’s show and then we’re going to bring on an expert. I’m somebody who’s actually achieved massive success as a result of the practical education they have, but they also did earned formal education. They are a certified public accountant.

A Sharon Lechter is also the best selling author of the rich dad poor dad series. A lot of people don’t know this. For Robert [inaudible]. Robert Kiyosaki showed up with a piece of paper and a vision to make a board game, and she turned that into a brochure that later became the Book Rich Dad, poor dad. She was the CEO of Rich Dad poor dad sheet today, has a team of over 5,000 people who help her with her various entrepreneurial projects. Cries. She has written for the Napoleon Hill Foundation. Uh, she’s helped freshen up the manuscript for outwitting the devil three feet from gold and thinking grow rich for women. She has served on the, uh, thought the CPA, the national CPA financial literacy commission as a national spokesperson, which is the same council that serve both President Bush and President Obama. Ladies and gentlemen, she has sold over 23 million copies of the rich dad series.

She knows what she’s talking about and were asking her the, uh, the, the timeless question of do I really need to go out there and get a college degree? But I wanted to become a successful entrepreneur. Do I really need a college degree? Because Chuck has a business coach. How often do you see one of your clients who has a college degree but really doesn’t have any idea how to achieve the level of financial success that they’re looking for? How to manage people, had advertisements had optimized our website. I mean how often do you see a college graduate is it was a smart person with a degree from a business school who has no knowledge of how to actually run a successful business almost every time. If you take that and

extrapolate beyond just people with a business degree, so you’re a surgeon or a lawyer or an orthodontist or whatever that may be. You’ve got a degree in your specialty, but they did not teach you anything about how to hire and train people about how to have a conversation about firing someone about how to market and get in front of your ideal and likely buyers. What is an ideal and likely buyer? They don’t teach you any of that stuff.

Jump. You went to college at Oklahoma State University did. I went to oral Roberts University, so we’re going to play a fun little game here real quick, so just going to fund little. It’s a one mega point if you feel like this particular form of education helped you. Okay. And you lose a mega point. If you don’t know, make a point is a form of points that’s redeemable only in the afterlife. For those of you don’t believe in the afterlife. This game could not be helpful at all, but I’ll ask you, Mr Eric. Eric. First you went

to Oklahoma State University? Yes. And you studied business marketing and management. Then you went on to manage your own family’s concrete company. Correct. Now you coach businesses. Correct. How often do you utilize anything that you learned while attending Oklahoma State University and the business coach is. This is for mega points? Yeah. For a one meg of luck on Sunday.

Nothing? No. Absolutely.

All right. Thrive nation. I’m up next year. So if click on count one megaphone, how often do you use the things that you learned while attending oral Roberts University and st? Cloud State University,

Robert Swell at oral Roberts University oral like in Tulsa, Oklahoma. Oh yeah. Well, uh, I actually never do use anything I learned at oral Roberts University, the Dojo of Mojo music. Wanted to play them from wanting to play with. Well I’m going to maybe get maybe the game needs of freshening up. Maybe it does.

Silky. You attended St. Cloud State University just outside of dessel. Cokato, Minnesota. 14 minute drive. You drive every day. Forty five minutes to go to St. cloud state. They have division one. Hockey, everything else. Probably Division to. But you go there and you drive 40, 40, 45 minutes. Forty five minutes back. Achieve much college debt. You drive in hatchback. Nineteen 89 Ford escort you drive. And how often do you utilize the skills you learn in college at St. Cloud State to pay the bills?

Well never, but thank you for hitting the wrong button before I even answered there. So. Alright. And we recovered. So final question on this mound of did

college help you? Oh, I asked you who attended the stgs? Oklahoma State University. Will you study graphic design with the emphasis of business? You take classes for professors, many of what you have fancy degrees who read a lot of books, get more college debt. You drive almost 50 miles each meal each week, back and forth. You drive to Oklahoma, Okmulgee, Oklahoma. Each week on highway 75 south. Some would say if the do math, you might drive 70 miles a week, but you say 50 to make it seem better in your mind because you moral justifier Mr Clark, how often do you use anything that you learned while attending college on a daily basis to pay the bills that you and your life? Vanessa?

Well, that’s a great question and after a lot of consideration, I’m going to have to say

never.

I don’t get any mega points, but now back to our objective business coach interview with Ms Dot Sharon Lechter, the rich dad poor dad series.

Here we go. Now

Sharon, I’m going to hit on a hot topic here that I know when you question education in our current country, Dr Z, I’m sure you’ve run into this. When you. What do you even questioned? We even start talking right now. You can see, you can feel the tension from hundreds of thousands of cows, hundreds of thousands of subscribers are already say education. Are you questioning? So sheer and here are my questions for you about education. I made a list of three schools that clients I’ve worked with in the past two years. People I’ve met at workshops or these are schools they’ve they’ve graduated from and they have all told me that they’re not using anything they learned at that college and they’re out of money and they’re coming to a $250 workshop and they say, I’ve learned more in these two days than I learned at such and such universities.

Here are the three that I’ve been told face to face from a conference. Attending Cornell University is $63,327 a year. Currently Cornell University, if you want to attend to their business school, University of Chicago is $62,865 per year. If you want to attend to their business school. Columbia University is $67,564 per year if you want to attend their private business school, and so these people come in and they said, Gosh, I’ve learned more in two days here than I learned in my entire time at a private business college. And one guy, I encouraged him. I said, well, hey, you can come to 270 thrive workshops if you want a but Nelson Saturday. What are your thoughts about going to business college for the average person?

Well first I would say that your two day course must be outstanding, so congratulations. Well, thank you for that. You couldn’t have a better testimonial than that. I mean, same thing as when people tell me reading a $15 book, Rich Dad, poor dad, they were able to change their life. Obviously it took more than reading the book, but at the same time they found value and it’s important for people. When I counsel a lot of people related to, um, college debt, because I think it’s one of the next bubbles that we’re going to have to face. And people have tremendous amount of college debt and it was because they just went there because they thought it was what they were supposed to do and most of them were not really. Didn’t even know what they wanted out of life, they didn’t have a plan. And so today I try and mentor people to make sure before you get yourself into a commitment of a lot of school debt, make sure you know what it is your focus on.

Make sure the degree you’re gonna get is gonna. Be able to get you a position commiserate with me and able to pay off debt, school debt. And that’s why so many. You know, I’ve talked to dentists, I just said last week we spoke with some dentists, they had $250,000 worth of student loans and it just, it just breaks my heart, but I think it’s important. More importantly to find out what is the education that you need and to seek death. Specific education. The universities you just mentioned are well respected. The issue is, was that individual focused on what they wanted to do with their life? I can say for without a doubt that we don’t teach kids about money in school and I think it’s, uh, it’s, I think it’s criminal because everybody has to do with money. So the school, the education system in itself has some good things about it and it has some bad things about it.

There are great entrepreneurial colleges now across the country that are being taught by entrepreneurs. There are other entrepreneurial Kaja colleges that are being taught by professors who’ve never been an entrepreneur. I take exception with those as well. So real world education is important. Uh, the, the stats and all of the stats debating whether it’s an educational institution or it’s another one still show that if you have a college education, you’re going to make more money over your lifetime than if you don’t. But that doesn’t mean you should get yourself into $150,000 worth of credit card debt and come up with a liberal arts degree that does not qualify

by you for a off.

So those are all things that need to be taken into consideration. So I’m not going to tell anybody that they shouldn’t go into debt to get their business coach education, but I would say you should exhaust every opportunity before that. Looking for scholarships, looking for community colleges to help get the first couple of years out of your way. What you know, what is your plan to get you to the point where you can start earning the money that will be able to help you get out of debt?

No, he’s probably not as a moderate as you are or balanced in his. But he’s a famous venture capitalist who was part of the paypal mafia who obviously helped for the listeners out there aren’t familiar. He helped fund facebook use their first big investor and he said that college gives people learning, but it also takes away their future opportunities by loading the next generation down with debt. So let’s just assume that somebody out there is listening and they already did go to college. Okay. So the, the, the, the debate about whether they should go or not is over because they’ve already gone like, like, like I liked a lot. Like a lot of the people who attend our workshop, they graduated from Cornell, I have a bunch of debt, and now they find themselves, they find themselves saying, gosh, I want to be debt free. I want to pay off that debt. Do you believe that our listeners who are deeply in debt from college, that they should focus on paying off their hundreds of thousands of dollars of student debt before starting or growing a business?

I would never recommend that as long as that student debt is at a very low rate of interest. There’s something called arbitrage. And you know, I have a lot of depth. There’s a difference between good debt and bad debt. So you need to make sure I have is I have zero bad debt. I have good debt. Good debt is what helps make me richer. And so, um, the right type of college loans, meaning the right type of college education could be considered good debt if you have the ability to make a high income and pay that off over time. But if you are getting, if your college or at three percent and the money you’re making, that you have invested is making you nine percent, then no, continue watching that arbitrage, making sure that your, your money is growing for you and that you continue making the payments when they’re due. Of course don’t not pay them, but you know, if you were a few, you don’t want to use nine percent earning money to pay off the three percent debt,

no time for us to do what we do before we end each and every show. And so before we end the show with a boom, I’d like for you to explain to the listeners who are just now discovering the podcast. What does boom stand for and why does everybody need to bring the boom on a daily basis to get to a great place with their business?

Big, overwhelming optimistic momentum. And you need to have the boom because, uh, as Lee Cockerel says, the guy who managed Walt Disney world resorts and over 40,000 employees and a million guests a week, the day is burning fires. The day is obstacles that day, his walls that will be put in between you and your goals, and you have to have that momentum, that big, overwhelming optimistic momentum to crash through those walls. Like the Koolaid, man.

Yeah. And get what you are trying to get. So bring that. Boom everyday. So thrive nation. Without any further ado, let’s make this thing happen. Here we go. Three, two, one.

This is a bonus material. Love it. Can we use our outside voices? Yeah, I think we should throw thrive nation. Here’s the deal. A lot of you want to attend our in person workshops and many times we’re sold out and I want to make sure you know how to do that. Um, if you want to attend the thrive time show workshop for free for a limited time, all you have to do all you have to do it all. It’s just go to find the thrive time. Show on Itunes, find the thrive time show on itunes. So just take a second to do a google search for thrive time show and itunes thrive time show on itunes. Once you find the thrive time show, all you have to do is subscribe to the podcast and leave us an objective review about what you’ve been learning on the show and email us a screenshot of that and since proof you did it to [email protected].

That’s [email protected], and we’re going to send you two free tickets with your only cost being. If you elect to get the workbook, I highly recommend you do that. It’s $27, just $27 for the workbook. Now if you’d like to pay just regular price, that’s awesome. The tickets are $250. We have the premium tickets for $500 where you can sit up a little bit closer. Now if you’re saying I don’t have an itunes account, I don’t know how to do it, I respect that game that’s ever given you two options. You can find the thrive time show by typing in thrive. Fifteen Jenks j e n k s. that’s right. 15 Jinx j e n k s as chip said, that is the home of our thrive time show world headquarters, our 20,000 square foot office where, uh, if you find the map listing on Google and you leave us an objective review there about the podcast, you can also earn yourself free tickets to our next in person.

Thrive time show workshop. My name is Clay Clark. I already said boom. But I just want to encourage you, this is your year to thrive. Knowledge without application though is meaningless. Vision without execution is hallucination. To quote Thomas Edison, vision without execution is hallucination. There is no. Someday there’s a Monday, there’s a Tuesday, there’s a Wednesday, there is a Thursday, there’s a Friday, there’s a Saturday, there’s a Sunday, but I have never ever found the someday on my calendar. And if you’re out there just waiting and putting it off, you got to book a ticket, get in the game. There’s too many people out there that are having massive success. And so what I wanted to do was to prove what I just said to you. I don’t want to just make a claim, I want to prove it, so I’m going to cute little audio, um, where you can hear about the story of an actual, a thriver out there just like you whose business is doing phenomenally well as a result of implementing the proven systems that we teach.

I encourage you to not believe what I’m saying and just google search my name, Clay Clark, Google search. Dr Zellner. Find our companies find Dr Robert Zoellner and associates. Find epic photos.com. Find e I t e R lounge.com. Look at the businesses. Look at bank region. The doctors is part of. Look at these companies. You can’t fake. You can’t fake the partial ownership of a bank. I mean Dr Zellner has built that. Bank was Sean Copeland. These are things you can’t fake, so don’t take my word for it, but invest the time. If you have doubts in your mind and you don’t believe that this is maybe the right thing for you, you think it might be a scam. Do your research. We’ve had some haters over time, like any organization that services thousands of people, and so look for the video reviews, look for reviews of real people just like you who’ve attended, look into their eyes, see if what they’re saying seems true to you because I’m telling you we are here to help you.

We can only help 160 coaching clients at a time and at the current time of this recording, we’re all booked out, but occasionally somebody will sell their business or they’ll merge with somebody else or they’ll a franchisor company or some kind of opening it in, evolve out, encourage you. If you want the business coach, reach out to us by emailing us to info at thrive time. Show.com or attended the workshop, but don’t do nothing or maybe you don’t want to go to the workshop. Maybe now’s not the right time. Maybe coaching’s not the right time, but go to thrive time show.com and at least download the start here book for free. It’s an Amazon bestselling book. It’s there for you as a free tool and it’s there for you to use. We just, I’d hate to see hundreds of thousands of people downloading this podcast, but only, you know, a thousand people actually taking advantage of all the tools that you have available as a result of my failure to properly communicate this to you. Have a blessed day and I will see you next time on the thrive time show podcast. Check out this next testimony.

Hi, I’m Aaron with Shaw homes. I first heard about clay through a mortgage lender here in town who had told me what a great job he had been doing for them and uh, actually noticed he was driving the Lamborghini all of a sudden. So I was willing to listen. Uh, in my career I’ve sold a little over $800,000,000 in real estate. So honestly I thought I kinda knew everything about marketing and homes. And then I met clay and my perception of what I knew and what I could do definitely changed after doing $800 million in sales over a 15 year career. I really thought I knew what I was doing. I’ve been managing a large team of salespeople for the last 10 years here with Shaw homes and I mean, we’ve been a company that’s been in business for 35 years. We’ve become one of the largest builders in the Tulsa area.

And uh, that was without clay. So when I came to know clay, I really thought, man, there’s not much more I need to know, but I’m willing to listen. The interesting thing is our internet leads from our website has actually in a four month period of time, has gone from somewhere around 10 to 15 leads in a month to a hundred and 80 internet leads in a month just from the few things that he’s shown us how to implement that I honestly, probably never would’ve come up with on my own. So, uh, I got a lot of good things to say about the system that clay put in place with and it’s just been an incredible experience. I am very glad that we met and had the opportunity to work with clay. So the interaction with the team and with clay on a weekly basis is honestly very enlightening.

One of the things that I love about clay’s perspective on things is that he doesn’t come from my industry. He’s not somebody who’s in the home building industry. I’ve listened to all the experts in my field. Our company has paid for me to go to seminars. International builders’ shows, all kinds of places where I’ve had the opportunity to learn from the experts in my industry, but the thing that I’ve found working with clay is that he comes from such a broad spectrum of working with so many different types of businesses that he has a perspective that’s difficult for me to gain because I get so entrenched in what I do. I’m not paying attention to what other leading industry experts are doing and clay really brings that perspective. For me. It is very valuable time every week when I get that hour with him. From my perspective, the reason that any business owner who’s thinking about hooking up with thrive needs to definitely consider it is because the results that we’ve gotten in a very short period of the time are honestly monumental.

It has really exceeded my wildest expectation of what he might be able to do. I came in skeptical because I’m very pragmatic and as I’ve gone through the process over just a few months, I’ve realized it’s probably one of the best moves we’ve ever made. I think a lot of people probably feel like they don’t need a business or marketing business coach or consultant because they maybe are a little bit prideful and like to think they know everything. I know that’s how I felt coming in. I mean we’re a big company that’s definitely one of the largest in town and so we kind of felt like we knew what we were doing and I think for a lot of people they let their ego get in the way of listening to somebody that might have a better or different perspective than theirs. I would just really encourage you, if you’re thinking about working with clay, I mean the thing is it’s month to month, go give it a try and see what happens.

I think in the 35 year history of Shaw homes, this is probably the best thing that’s happened to us and I know if you give them a shot, I think you’ll feel the same way. I know for me, the thing I would have missed out on if I didn’t work with clay is I would have missed out on literally an 800 percent increase in our internet leads. Going from 10 a month to a hundred and 80 a month. That would have been a huge financial decision to just decide not to give it a shot. I would absolutely recommend clay Clark to anybody who’s thinking about working with somebody in marketing. I would skip over anybody else you were thinking about and I would go straight to clay and his team. I guarantee you’re not going to regret it because we should have it.

What’s up? Thrive nation. Eric Chap here with Roy. We have a little bit of news for you guys. It’s now what? May 31st at six. Twenty one. You’ve been closed for 20 minutes right now. It’s now June. Let’s run the numbers for me. Let’s see what his total. So one. Oh, two, eight, 37. What’s the last year to date? One or two? One or two? Eight 37 this year and last year was 60,006. Sixty seven.

Hi, it’s David, Trisha rich company from Satellite Beach, Florida. The list of the wins we’ve had since we started with. We’ve completed business coach group interviews. We were fully staffed. We’ve received over 100 google reviews, increasingly google rating and we now have more money in the bank that we’ve ever had.

It might’ve been running. You’ve got now is now.