05-06-2019, 11:23 AM
mobo has written a very good piece on the realities of the common man's financial situation.
The probability of being the top percentile of an income earner, saver, and investor (5% x 5% x 5%) is probably as small as winning big sweep or toto. But the former relies on effort, while the latter on chance. And so I guess the said course trainer -- who has achieved the former in spite of its great difficulty -- should be feeling more than qualified to instruct the masses who have the same goal.
Such courses are in fact a monetisation of the trainer's achievements. A kind of consultant, if you will. It is like Joseph Schooling teaching you how to swim, and telling you, that you, if you do what I do, you can be a world champ too.
But Schooling achieved his glory only after a period of 15 years. And said trainer took an even longer time, starting from the education that allowed for a good graduate salary, and then more years of frugality, financial education, investment practice, and finally investment success.
And so for those the majority of such course participants aspiring to $2m by 39 years old, they are probably too late. And a more realistic time line is probably 69 years old. If there is a course that teaches you how to have $2m by 39 years old, you should have enrolled when you were 6 or 16, not 26 or 36.
In any case, I don't think that what most courses, such as those by said trainer, can help you with what matters the most; how to be a top income earner. And even for what is mostly taught -- how to be a top investor -- the efficacy of learning over a period of 2-3 days is doubtful.
As ridiculous as it may seem, there always will be a market for 'how to get rich' courses/schemes/scams. Why is it that parents spend money on their children's tuition, over a long period of time, when instead they can save all that money, and just send them for '2-day courses?' Yes, the desperate ones do, but it is on top of all the weekly tuition.
Essentially, the '2-day course' market is one that offers hope, and not material gain which it proclaims. It has survived over so many many decades, in so many forms, because there is a market demand for it. People, from time to time -- as it is for yourself in the office, or for your subordinates -- need to be motivated and affirmed. So long as the buyers of such course have realistic expectations on what they can get out of the course -- a lot of hope, and not life changing material gains -- and believe that they are paying a fair price for it, they should not feel too bad about the transaction.
The probability of being the top percentile of an income earner, saver, and investor (5% x 5% x 5%) is probably as small as winning big sweep or toto. But the former relies on effort, while the latter on chance. And so I guess the said course trainer -- who has achieved the former in spite of its great difficulty -- should be feeling more than qualified to instruct the masses who have the same goal.
Such courses are in fact a monetisation of the trainer's achievements. A kind of consultant, if you will. It is like Joseph Schooling teaching you how to swim, and telling you, that you, if you do what I do, you can be a world champ too.
But Schooling achieved his glory only after a period of 15 years. And said trainer took an even longer time, starting from the education that allowed for a good graduate salary, and then more years of frugality, financial education, investment practice, and finally investment success.
And so for those the majority of such course participants aspiring to $2m by 39 years old, they are probably too late. And a more realistic time line is probably 69 years old. If there is a course that teaches you how to have $2m by 39 years old, you should have enrolled when you were 6 or 16, not 26 or 36.
In any case, I don't think that what most courses, such as those by said trainer, can help you with what matters the most; how to be a top income earner. And even for what is mostly taught -- how to be a top investor -- the efficacy of learning over a period of 2-3 days is doubtful.
As ridiculous as it may seem, there always will be a market for 'how to get rich' courses/schemes/scams. Why is it that parents spend money on their children's tuition, over a long period of time, when instead they can save all that money, and just send them for '2-day courses?' Yes, the desperate ones do, but it is on top of all the weekly tuition.
Essentially, the '2-day course' market is one that offers hope, and not material gain which it proclaims. It has survived over so many many decades, in so many forms, because there is a market demand for it. People, from time to time -- as it is for yourself in the office, or for your subordinates -- need to be motivated and affirmed. So long as the buyers of such course have realistic expectations on what they can get out of the course -- a lot of hope, and not life changing material gains -- and believe that they are paying a fair price for it, they should not feel too bad about the transaction.