Two kinds of Education

Recently I came across an interesting observation through one of the chain mails and found it worth giving a thought.

As discussed in one of the earlier blogs, money is one of the most important factor needed in modern life. But, it is just that… one of the important factor and not the only important factor. This distinction is being missed by many and we have a staring example in the below observation…

What happened to 8 wealthiest people in the world?

In 1923, eight of the wealthiest people in the world met. Their combined wealth, estimated, exceeded the wealth of the government of the United States. These men knew how to make a living and accumulate wealth. 25 years later.

1. President of the largest steel company, Charles Schwab, died bankrupt.
2. President of the largest gas company, Howard Hubson, went insane.
3. One of the greatest commodity traders, Arthur Cutton, died insolvent.
4. President of the New York Stock Exchange, Richard Whitney, was sent to jail.
5. A member of the President’s Cabinet, Albert Fall, was pardoned from jail.
6. The greatest “bear” on Wall Street, Jessie Livermore, committed suicide.
7. President of the world’s greatest monopoly, Ivar Krueger, committed suicide.
8. President, Bank of International Settlement, Leon Fraser, committed suicide.

They forgot to make a life! They just made Money! Money provides food for the hungry, medicine for the sick, clothes for the needy, but is only a medium of exchange.

Two Kinds of Education will help us overcome similar kind of scenario repeating itself…

“One that teaches us how to earn money and one that teaches us how to manage money”

More broadly speaking…

“One that teaches us how to make a living and one that teaches us how to live.”

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