Study: only 21% of millionaires earn A’s in school.

Bill Sardi reports:

According to Tom Corley, author of Rich Habits: The Daily Success Habits of Rich Individuals, only 21% of millionaires earn A’s in school. Good grades bear no obvious relationship with being independently wealthy. In fact, Corley says it is the poor kid who learned to struggle with academics who developed skills of resilience and became thick-skinned, took risks, and earned unlimited income.

According to a Pew Research survey, a college degree will get a full-time worker another $20,000 a year compared to workers age 24-34 who don’t have a degree. But it costs ~$10,000 a year to attend public schools and get a college degree. So you really start ~$40,000 in the hole to earn another $20,000 a year ($1666/month), which is ~$15,000 after taxes( ~$1250/month).

Colleges don’t teach kids to become entrepreneurs. In fact, it appears colleges are teaching kids socialism — live off of someone else’s income (taxes on the top income earners).

An article well worth your time.