Friday, January 1, 2010

Dr.Jones Versus Mr.Blue – A Financial Story

Dr.Jones Versus Mr.Blue – A Financial Story

Do you love to read stories? I love to read and listen stories. Let me today tell you a story of 2 students – Jones & Blue. Both have studied from the same high school and both are same in the age. But after completing a school, Jones joined the Medical School because he wanted to become a doctor while Blue started his own Business when he was just 22 years old. Mr.Blue started working on developing his own business at the age of 22 years only. Yes, Mr.Blue drop out from his college. Mr.Blue has never ever finished his college education.

While jones joined the medical school. After 30 years when both became 50 years of age they met again to compare their wealth. Dr.Jones was thinking that he must have several folds higher wealth than Blue because after all he was a doctor earning half a million dollars a year…. But when they compared their wealth, Mr.Blue was several times ahead in building a wealth than Dr.Jones. Both were Millionaires but Mr.Blue was Deca-Millionaire.

Now, how can this be possible? We have been taught in the school that doctors earn more and that’s why logically they should be richer than someone who is college drop out. Than how can Mr.Blue, a College drop out has much more wealth than Dr.Jones who is a Specialist Doctor?

Well, the reason is simple. Dr.Jones has wasted spent more than a dozen years in Medical school to become a doctor. And he started his clinical practice after more than 10 years from Mr.Blue who started his own Business at the age of 22 only. And this decade of Time has made all the difference.

Dr.Jones waste spent  his time studying medical education and wasting spending his savings, his parents’ wealth and money he borrowed for medical education and living expenses. While on the other hand, Mr.Blue focused his time, money and energy to build his Business and becoming financially independent.

World’s most wealthiest people such as Bill Gates (Microsoft), Dhirubhai Ambani (Reliance), Larry Page (Google), Mark Zuckerberg (Facebook), Michael Dell (Dell Computers), Steve Jobs (Apple), Subhash Chandra (Zee telefilms) and Henry Ford (Ford Motors) are High school or College Drop outs. And that’s why they are one of the wealthiest people on this earth.

Remember, The more time you Waste Spend in the Education System, the Less Wealth you will accumulate in your life.

[Disclosure: Parents should not motivate their children to not to go to school after reading this article. This article is only for entertainment purpose. Studies show that 99 out of 100 newly started business fail within first year of it’s launch.]

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