Is Wealth a Sure Result of Formal Education

At the mention of money or wealth, heated debates are ignited; and with the relationship between wealth and education, questions have always been asked coming through the lips of many and flowing through the inks of many. In and out of many years, education has been prescribed as the antidote to poverty, but is there any guarantee that a formal education guarantees wealth? Absolutely not. The bitter truth is that there is no guarantee of wealth. However, education is a solid foundation for any child to build upon. It is a strong base upon which persons can build wealth.

Studies have shown that education can create a pathway to good health and many employment opportunities. It can help people stay healthy, earn a living, and work for peace in their society. Education comes with a lot of positive changes in people’s day-to-day lives by empowering them to make informed decisions while teaching; education guides us to make the best financial decisions.

If every child learned to read, some researchers estimate that 170 million fewer people would live in poverty. It would raise the standard of living for millions of people worldwide. Any nation looking to create wealth for its present and future generations have to invest considerably in its education sector. According to Peter Mallouk, a certified financial planner and president of wealth management firm Creative Planning, “the greatest separation between you and your wealth is having an education.”

Education is not a guaranteed path to wealth, However, if there is anything that can set you on the path to becoming wealthy, it has to be education. It provides the tools and opens doors to exciting opportunities. Wealth can be built in many different ways, but the best way is through a highly-developed skill set and a large body of knowledge built up over time.