Greetings once again from Prague. I came here to launch the Czech edition of Mad Genius and wanted to share some thoughts from my conversation with the crowd.
In part one, we discussed the first premise that holds people back from reaching the success they desire. Now let’s explore the second premise that prevents many people in this part of the world (and some other areas) from creating wealth and other prosperity.
I believe there is too much emphasis placed on college degrees.
MBA programs are viewed almost with reverence here in Europe and many parts of Australasia and Africa. Yet those programs offer very little practical education or training on how to be successful in actually running a business. And what business knowledge is imparted – is focused too much on the aspect of being a good employee instead of a good entrepreneur.
We know that 40 percent of the world’s billionaires don’t have a college degree. (And I’m planning to be the next one…)
Now to be fair, I think the idea of spending four years in a structured campus experiencing a broad-based education can be wonderful for a young person. I sometime wish I would have made that opportunity and it’s great to see many taking advantage of it. But like premise one, this is a situation where too many people are giving away their power and personal responsibility.
One of the most critical issues we have to deal with is relearning how to learn. We have an education infrastructure built on creating worker drones in the collective and almost no emphasis on critical thinking skills. If we were able to travel back to the 18th century, and bring back Immanuel Kant, Thomas Jefferson, or Adam Smith, there is one thing they would immediately recognize: our education system.
We kill kids’ creativity. And instead of teaching them how to think, we teach them what to think. And how to memorize facts, which any 8-year-old could look up in her smartphone.
The concept of a two- or four-year college experience is a good one. But the colleges and universities must bring the curriculum into the present and do a better job of preparing people for the real world.
And most importantly, each person must take responsibility to supplement his or her learning.
If you’re like most people, you have core foundational beliefs about money, relationships, religion, or government that you developed in your childhood or teen years. When is the last time you did any real critical thinking about any of them? Do you know what your foundational premise was, and have you questioned that premise?
To truly manifest happiness and prosperity, be willing to ask those questions. And be willing to take charge of your own learning process.