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5 Lies We Believe

Updated on March 28, 2016

You can’t teach your child everything he needs to learn at home, they have to GO to school.

Statistics show that on average home schooled students score higher on standardized tests than those in public schools. Colleges are starting to recruit home schoolers because those educated at home tend to have traveled more, taken more risks, are self-starters, and tend to be well-mannered. With all the options out there for home educated students from DVDs to scripted-curricula to live classes catered to the home schooler, parents can cover any subject they wish.

Some famous people in the family of home schoolers are:

  • Agatha Christie (1890-1976) author of many mysteries. She was taught at home by a governess and tutors. She never attended school.
  • Abraham Lincoln, 16th President. He was taught by tutors and self-educated.
  • Benoit Mandelbrot, Harvard mathematician who pioneered the study of fractal geometry. He did poorly in school and was home schooled by his uncle from age 12.
  • Lewis Carroll, mathematician and writer, was home schooled until the age of 12.
  • Ryan Gosling, actor. He was diagnosed with ADHD at an early age and still could not read at the age of 10 years old. His mother, a single parent, decided to home school.
  • Thomas Edison, inventor, was home schooled starting at the age of 12 because one of his teachers insinuated he was slow.

You have to work 40-60 hours a week for 40-50 years of your life to then retire into a lower middle income lifestyle of mediocrity on barely enough.

This is “normal”, but is not what has to be. Today’s workplace has changed. Rarely does anyone work at the same place and then retire with a pension. More and more work is being done on a contract basis and through remote work arrangements. This means there are more opportunities to be mobile and free your time to take mini retirements in between assignments or to be more mobile and have more leisure time with a remote work agreement. Working remotely can be much more efficient than being stuck in a cubicle and bogged down with meetings and the corporate bureaucracy. Play golf a couple times a week with the time saved instead of inventing more work for work sake.

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We need to manage our time better.

Actually, we need to manage our activities better. Pareto’s Law states that 80% of our income comes from 20% of our activity. It is amazing to look around and realize just how true this is in many areas of our lives. This also translates in to other areas such as:

80% of problems can be attributed to 20% of causes.

80% of a company's profits come from 20% of its customers

80% of a company's complaints come from 20% of its customers

80% of a company's profits come from 20% of the time its staff spends working

80% of a company's sales come from 20% of its products

80% of a company's sales are made by 20% of its sales staff

Therefore, many businesses have an easy access to dramatic improvements in profitability by focusing on the most effective areas and eliminating, ignoring, automating, delegating or retraining the rest, as appropriate.

It takes money to make money

NO IT DOESN’T. Sure it helps, but it is not necessary. Many businesses can be started for little to no money, especially with opportunities on the internet these days. If, by chance, your preferred business does require significant money to start up consider bringing on a partner. Agree on a future buyout amount should things go really well and you have the capital to buy them out and proceed on your own. With interest rates at all-time lows, investors are looking for more opportunities to get a decent return on investment. If you have a good reputation, you’ll know someone who knows someone who is willing to take the ride with you. Put the word out and network. You have not because you ask not.

Our competition is better, smarter and more confident.

The truth is most people suffer from self-doubt, are insecure and to a certain extent are making things up as they go along. The successful are merely those with the courage and drive to try. I love what Less Brown says, “If it’s worth doing, it’s worth doing badly.” No one is good at anything the first time they try. Get started and get better fast. Remember, “Failure is not fatal and success is not final, it’s the courage to continue that counts.” Winston Churchill. Now get after it!

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