Education = Scam?

24 10 2008

On one of the recent comments left by my friend who thinks that education doesn’t guarantee you job security and education itself is a legalised scam. I respect his views and however, isn’t your diploma of degree that gives you that office 9 to 5 job? Isn’t your Master’s degree or Phd that gives you that high salary? Do you know that some of the employees in Google were already millionaires and do you think that they are not educated?

All I can say is that it all depends on what do you want to become 5 or 10 years down the road and what it takes to become one. Becoming a millionaire does not necessary need to have a degree or Phd but becoming a lawyer or doctor needs to spend years in schools to get their degree and more years of education to get their license in order to fight your court case or perform surgery on someone else.

So lets face it. Singapore is a society based on qualifications and paper and unless you wanted to be your own boss (which is not what I want). You gotta have the necessary experience, skill-sets and qualifications in order to land onto that job which you always wanted. So even if some of you thinks that education is a legalised scam, you still need to depend on that piece of paper to get your paycheck every end of the month. Period…


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24 10 2008
edbooked

Specialization may faciliate your ability to earn money. However, a well rounded education will enable you to better communicate with a diversity of folks from various specializations. Unfortuneately, public schools don’t adequatelly preprare students for the real world. The potential, challenges, and obstacles that currently litter the public education landscape are discussed in the novel, The Twilight’s Last Gleaming On Public Education, available via online bookstores http://www.Xlibris.com, http://www.bn.com, http://www.borders.com, or http://www.amazon.com. This intriguing, socially relevant, and enlightening story possesses many of the elements commonly found in just about every school system throughout the United States. Check it out for yourself. Discuss it with your friends. See if you can identify with the characters and situations presented. Do you agree with the proposed solutions?

25 10 2008
Ah Seng

No Offences/hard feelings. I am just trying to share.
Well, different people have different views and perspective of life. I am going to share with you a story of zookeeper and the animal.

Have anyone wondered why those animals in the zoo can perform so well during animal shows? They are so obedient and can do lots of tricks. WOW. How did they do it?

It’s because they know whenever they perform, the zoo keeper will give them food to reward them.
Got perform = got food. No perform = no food.

Many people perform for their employer and they get food.
Got work = got food. No work = no food.

Work = Money x Time
Survival instinct, you need to work to get food.

I’ve give this a thought for a long time.
In order to get out of this “FOOD CHAIN”, you have to be your own employer no matter what.

Let’s face it, a Diploma qualified salaried person, let’s say $2000/mth, can never be a millionaire in his/her lifetime. Why?

Think: $2000/mth
$24000/year
$840000/35 Years
Less than a million after working for 35 years(about 60 years old by that time) Take expense and liabilities into consideration, that’s it. Don’t even smell it.

How about a salaried person with DEGREE, let’s say $4000/mth, can be a millionaire in his/her lifetime. But does this person need to eat? Yes. And of course, paying bills, financing house and car loans.

Degree:$4000/mth
$48000/year
$1.6 million/35 Years

Wow! 1.6 million after working for 35 years(about 60 years old by that time) Take expense and liabilities into consideration, how much have you left? lol. don’t forget how much and how long you have to repay the education loan. Starting pay for degree is only around 2.5k-3k only.

As for google, it was not because they were “educated” that made them a millionaire.
The Google IPO took place on 19 August 2004. 19,605,052 shares were offered at a price of US$85 per share. Of that, 14,142,135 were floated by Google, and the remaining 5,462,917 were offered by existing stockholders. The sale of US$1.67 billion gave Google a market capitalization of more than US$23 billion. The vast majority of the 271 million shares remained under the control of Google. Many Google employees became instant paper millionaires.

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