Tuesday, 14 May 2013

Why Top Graders aren't Top Earners!

For many years this has bugged me, how comes people who had top grades in school never seem to be the top earners when we come off school? How comes major businesses and top positions in government and private sectors are not occupied by those who got top grades in school? Forbes1 lists Said Salim Bakhressa(64) as No. 30 in Africa's 40 Richest with net worth of US $0.52bn (Tsh 0.86trillion). Aliko Dangote(56) from Nigeria ranks No.1 with net worth of US $16bn (Tsh 26.4trillion). Carlos Slim Helu(73) from Mexico holds No.1 in the world with net worth of US $74bn (Tsh 120trillion). Both Dangote and Helu have Barchelor of Arts Degree.
At the age of 14, Mr Bakhressa left school to start peddling potatoes mix on street, he later opened restaurants from whose success got him into Azam Products widely used in Tanzania. Today, his Bakhresa Group employs over 2,000 people and is Tanzania's largest conglomerate. The company's interests include grain milling, beverages, packaging, ferry services and petroleum trading (source: Forbes Online1)

Mr Bakhressa employs hundreds of gradute and a score of University Professors and Drs both from within and outside Tanzania…doesn't this strike you as odd? In my naïve mindset I assumed that if I succeed in school I will 'automatically' succeed in life. I grossly underestimated the value of informal education—school of life where the tuition fees are extremely high.

In my informal research I have come to a conclusion that there are five reasons as to why top graders in school are not top earners in real life. I have listed them below, not an any particular order:

1. Life is not fair
Most top graders will play fair, after all life has been nothing but fair to them; excellent grades in school and warm feelings from teachers/tutors have given them false sense of security towards harsh reality of life. Meanwhile their counterparts will approach life fearlessly and with aggression knowing that whatever they intend to acquire must be 'taken, won over' not simply handed in silver platter, they have learnt how to survive by being 'shrewd', not necessarily rough and unfair.

2. Time ahead
Top graders spend over half of their chronological life in 'formal education' and the remainder of their life in some kind of research and idealism in academics. Their counterpart start early in life on 'informal education' getting education on 'street wisdom'. By the time I graduated with honours from University, my Friend Abdallah, who didn't go to secondary school, has been on 'Street University' for 10yrs, no wonder I am one of his tenants in one of his houses.

3. Attitude towards risk
Top graders will run risk analysis on an opportunity, apply logic and reason; they will call their fellow top graders who are 'experts' on that particular venture for their opinion and refer to past data on similar ventures then and only then based on these premise make a decision and most often late if ever. Meanwhile, their counterpart top earners will perform a reasonable due diligence on the same venture, which is usually a practical approach in trying to understand what can go wrong and what they can do to limit their loss should the venture go south then dive in; they will waste no time on hypotheticals and theoretical possibilities and bla blaas.

4. Gutsy Spirit
Top graders will hide their fear of loosing the little they have when opportunity shows up by saying they are being cautious and careful on whom and what they invest in; in most cases this will be nothing but lack of 'guts' to act. Their counterpart top earners will have more or less same fears but they have one fine quality, 'guts'. Guts is acting in spite of fear not in absence of fear, it is the spirit to dare when everyone is folding their hands. Top earners realize early in life that 'if you have to get what others don't gat, you have to be prepared to do what others don't do'. It is of no surprise to find that most new ventures, areas of opportunity in new places, are captured by the so called average Joes in school and school drop outs.

5. Nothing to Loose
Do not play down or under-estimate what a person with nothing to loose will and can do. Top graders, well they are 'top graders', they have their dignity and 'persona' to loose should a venture they attempted go south hence they would want to make sure 200% that they have crossed all T's and dotted all I's before they even think of venturing into an opportunity. Meanwhile their counterpart top earners start off with nothing to loose 'but their chains of poverty', to them uncrossed T and undotted I is still a T and an I hence they waste no time on them…no wonders 90% of top graders work for top earners—most of whom never graduated from high school.
Can we Change?
Now that we've seen the top five reasons why top graders are not top earners in real life, a million dollar question is…can you convert a top grader to be a top earner? Well, the answer is YES but only if they accept to be baptized in fire so that their minds are 'renewed' to think differently. You see, it all in the mindset—paradigm, the pattern of thinking…top grader thinks of avoiding risks, top earner thinks of knowing and managing risks; top grader sees problems in every opportunity, top earner sees opportunity in every problem. Top grader is looking for security (employment) while top earner is looking for financial freedom (innovate, create ideas and own business in form of shares and stocks), top earners see employment as bondage and restrictive whilst top graders see employment as opportunity for steady and assured income.

Now you know the reasons, you decide!!!

NOTE: I do not want to be misunderstood here, I do not undermine the value of formal education; if I did, I will be making the same mistake top graders make when they underestimate the value of informal education. I believe, to succeed in any undertaking in life, you need to have both the skill of a banker and a gamblerJ i.e. the learned and the streetwise!

1Forbes online, www.forbes.com (13 May 13, 2013)

//Tim J Kyara
Teacher/ePastor/Engineer
Teacher of the Word www.light2mypath.blogspot.com

Clean Humour 2 Health www.laughin2health.blogspot.com
Financial Freedom Fighter www.timkyara.blogspot.com
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