Your Million Dollar Mistake

How can you make a million dollar mistake? Well, a hint is that it has to do with the years of time you're already investing in university, compounded by the large (or not so large) amounts of money used to fund that endeavor. In reality though, this mistake is actually far greater than a million!

Now there are many mistakes uni students are doing nowadays. They range from choosing majors based on misconceptions and irrelevant observations to overlooking great aspects of university life outside the classroom. (That's why I wrote this free booklet - you can click here to get it today).

Photo by Didier Weemaels

But if there's one thing, we as universities (and schools) are completely shortchanging you with it's education about money - financial literacy. Financial what? Those must be the two most boring words on the planet. And yet, almost every single university student is there because they think their degree is a ticket to getting a job so they can earn their wages! How are we preparing you for the real world when we don't give you 10 cents worth of knowledge about money, what it really is and how to manage, spend, invest, increase and give it away, the right way.

That's the bottom line. True... business, economics and finance students know more about this topic. And honestly, guys in those majors get much more on other key skills such as leadership and management courses though these are needed in every major and I can't think why they shouldn't be offered as compulsory courses in all programs. But anyways I'm here to rectify this, in the way I can.

So what's the million dollar mistake almost every student of university is committing as we speak - financial illiteracy! How do you go about fixing this? Listen, most parents and most teachers don't teach this, simply because they don't how to or don't know much about this subject or dismiss it as unimportant (and usually it's a mixture of these elements).

So you need to go out there and hear from people who know what they're talking about and are good teachers. They do exist - a word of caution though, stay away from the greedy ones. A good place to start and anyone who ever read this book will understand my particular attachment to is Good Dad Rich Dad by Robert T. Kiyosaki. (I particularly identified with the former!)

Good enough? Probably not! So stay tuned for more to come by clicking here to subscribe! 

Marc Mikhael, Ph.D.
The Apprentice's Compass - Navigate University!