"A college degree no longer can be relied on
to get a decent job or a degree of success
like it used to. In the same fashion, the
medical profession no longer offers an
affluent, satisfying, and fulfilling professional
life as it used to. So help your kids find the
path to what they were gifted to become."
Of course you know, selfish-wise, it would be of benefit to you if your kids were able to pay their own way to college, or at least part of it. And, most parents would benefit if those college kids after graduation weren't forced to move back home for financial reasons.
If that isn't a profound enticement for parents to start significant efforts today educate, teach, encourage, insist on, and outrageously help those kids to recognize their own talents and put them to life-long use--then I don't know what is! Yes, I failed completely at that. But yours don't have to!
The greatest problem that parents have today is trying to, or learning how to, encourage their kids to think in terms of hope for their own future. There are ways to do that in a very effective way.
It’s nearly impossible to alter the mindsets of adults, especially physicians, and persuade them to open their minds to new ideas and sustainable information that contradict their mentally self-limiting and imbedded set of self-restrictions they live by. On the other hand kids are quite the opposite, minds wide open to new and different ideas that schools and colleges fail to fulfill.
Colleges don't care what talents you have. Colleges care that you receive a skimming of an increased variety of education that enable one to find a good job and salary--and commonly fail at it today.
Just think about how much of an effect that you as parents could have on your kids and how that can reflect back on you in many beneficial ways. If your son or daughter would start a business in high school that would pay their own way through college by themselves, wouldn’t that be an overwhelming emotion to experience?
You could then plan your own future and keep your saved-up retirement money for your own benefits, instead of being forced to use up all that money to pay for college and even support the kids who don’t get jobs and move back home.
Remember that when you grow old and need to be cared for, having a son or daughter who can easily handle the issue economically would be a God-send. It's not selfishness, it's survival planning.
As it is today, college-grads can’t get jobs and often move back home, parents lose their long term jobs, retirements are obliterated to some degree, and success in life becomes questionable. These effects are evidenced in the new every day cycle.
The K to 12 schools today have become so weak in teaching the essentials that private schools are popping up everywhere that do teach effectively. Most don’t think about it, but the reality is that you can’t do much of anything today without money.
All money originates from some kind of business entity. Wouldn’t it be smart for our schools to teach business courses, money management, economics, decision-making, deep thinking, and other complimentary courses that would be far more important in life? The trend today is not to do that.
Similarly, why don’t colleges insist on business courses being required for graduation degrees? It’s a tragedy in education that persists unattended.
Such things above are formidable reasons to take some action for the benefit of the family as well as the kids themselves. It’s critical, especially for doctors. Their income and salaries are dropping to the point where they can’t afford to send their own kids to college and many, maybe over half, have no significant retirement funds. We never learned to save money or how to invest, did we?
"The cause of man's problem is lack of knowledge.
It does not stem from a shortage of information,
but rather from rejections of information.
----Hosea 4:6
Most beliefs are derived from inadequate information...
One of the great improvements in education has been popularized in the last decade. It’s called “ENTREPRENEURSHIP.” The word entrepreneur has been batted around so much that it’s now boring to listen to. Most people, even physicians, don’t know what it means, or how it works, or what it was derived from.
Entrepreneurship is what happens to your mind automatically after you commit to yourself to step out of your "comfort zone" (the place where our lazy mind gets stuck in while trying to help us make the best decisions, solutions, reactions to, and possibilities for creating a way around major barriers in our lives). When you step out of your comfort zone, your mind is triggered to dig into the deepest areas of your memory banks.
Subconsciously, your mind immediately finds, filters out, every piece of data, direct and significant information pertaining to the problem at issue. And it's the information that resides in your memory banks that you normally have no conscious access to, unless you step out or your comfort zone. Your subconscious mind instantly passes it up to your conscious mind. Almost supernaturally you become aware of a huge batch of ideas, possible solutions to the issue at hand.
Physicians are entrepreneurs and don't even know that they are. You are constantly, almost daily in private medical practice, facing one or two medical symptoms, strange symptoms, and unusual physician findings that you have no diagnosis for, right?
You stop and think. Suddenly you mentally see the list of possibilities that could be the correct diagnosis. You, in your mind, pick out the most likely diagnosis, either treat it as such right then or order tests to confirm your diagnosis.
Have you ever faced a sudden crisis of unknown cause or source and made the right decision instantly? How did you know what to do.
My medical experience with a sudden and unexpected problem with
a medical patient...
One day in my office a patient wanted an IUD (Intrauterine device) inserted. She never had one prior, so all issues of it, safety, reliability, and dangers were explained to her. The insertion of the "copper T" device was uncomplicated and almost painless to her.
While she was lying there I asked her if she was OK. She was still and didn't respond verbally, so I quickly did the blood pressure (low) and pulse and waited about a minute to see if she would respond to voice, she didn't.
I instantly removed the IUD almost without thinking. And in a matter of a few seconds she became completely alert, and asked what happened. She agreed to choose another contraception method.
At the instant that I recognized she was semi-comatose on the exam table, My mind went to a lecture I had 18 years prior in medical school being given by a Urologist that did his lectures in a comical manner. He was talking about "mictritional syncope".
I hadn't ever run into that diagnosis or patient with it in all those years in practice. It enabled me to instantly remove the IUD. Of all the IUDs that I had inserted over the years in OBG I never had a patient react like that, yet it happened and I promptly had the right answer. I had inadvertently stepped out of my comfort zone and the response was there.
The interesting fact about entrepreneurship is that it has silently existed in humanity since the beginning of mankind. Now it has been given a name and has risen to the top of the business world’s attention. Why?
Because in the past we were mentally held hostage by our personal self-restrictions so tightly that our conscious thinking process was compromised by fear of risk taking. As our life risks continue to increase there had to be a time when there had to be a way to overcome almost any degree
of risk factors.
That's where the concept of what was called the "comfort zone" evolved in neuroscience. The interaction of the subconscious mind with the conscious mind was revealed.
Growth, advancement, productivity, and innovation are multiplied when businesses are started, maintained, and become successful when entrepreneurship is spread through the businesses.
It’s another way (mindset) for every person to reach their maximum success using the power of their human mind and intelligence rather than their allegiance to the promises of higher education and the rapidly fading industrial commitment to provide benefits and retirement for
long-term employees.
"Where your passions intersect with the
needs of the public, therein lies your vocation."
----Aristotle
The values concerning the issues of personal responsibility and self-determination that used to be held in esteem, have eroded away.
The “herd-mind” has taken on the belief that all people should be taken care of by our government, that the rich should give their money to the poor, banks and industries must be bailed out when needed, and the catastrophic national debt does not have to be paid off, ever.
Anyone who actually believes that our government can be depended on to balance the national budget and reduce the welfare system handouts to those who refuse to go to work, is foolish and lacks the understanding of what is happening, cause and effects, today.
Entrepreneurship is evolving in our society today because it’s a means for personal success, even survival, without having to rely on education and the industrial complex.
The fact that there are five times more managers of fast food restaurants who are millionaires, with only a highschool education, than millionaire physicians, might just change your way of thinking.
It’s like entrepreneurship is the one reliable last resort that will have to replace higher education, which has become far too expensive to get, especially when the accumulated educational debts are nearly impossible to pay off in a lifetime of work for most people.
Think about how the mind of an entrepreneur works, in case you don’t fully understand what it’s all about. You might say to yourself, “I know that for any problems that arise, any barriers that show up, and any crisis that emerges in my life, there are solutions. I just have to find the answers, solutions, and appropriate responses that will solve those issues.” At first, most don’t believe it. Sad for them.
They can’t believe it because their minds tell them that it can’t be done. And that happens because of all of the self-created restrictions and limitations you have made in your life. Your pattern of thinking becomes a mindset you hold forever. You are your own worst enemy.
You don’t know your ultimate limitations, so you stop where you are now and tell yourself, “That’s the best I can do. I’m satisfied enough and comfortable enough to stay at this level.” This is what is known as your “comfort zone” or “box” you put yourself in mentally. Only you can ever change that.
This paragraph is a perfect description of what happens to most physicians in medical practice who let their lives be controlled by circumstances rather than by their own decision-making process.
In a religious sense, you may believe that a life of righteous living gets you into heaven. However, nearly every theologian, Bible expert, among other religious experts, explain that it only happens if you have faith is in Christ. Meaning that perhaps you won’t accomplish your assigned purpose in life or when you don’t follow the right path to get to it.
All of this requires an open mind, the ability to be open to all possibilities, and to consider new ideas being presented to you.
The greatest tragedy in the practice of medicine is the erroneous belief that a business education is not necessary for success. No force in history has proved more powerful than that of self-delusion about that issue in medical school education.
True success is not limited to your “comfort zone.” Whatever your idea of success is, it’s far below what your capabilities are. It’s not my idea, but I believe it. It’s the concept developed by most experts who research what success means at the deepest level.
Medical doctors don’t believe it, so why would their kids...
If you don’t have the time, the motivation, the common sense to recognize your responsibility to redirect your kids to a better path to follow, who will? Some politically biased teacher? I don't thing you want me to answer that question. I made that incredible mistake with my kids.
I just let circumstances determine their path. My two sons were using drugs already in grade school. I never knew that until many years later. In my OBG practice, I was gone most of the time so it was easy to avoid my family obligations. But you have the opportunity to do a lot better.
If you as a physician believe that business knowledge is a non-issue, then what does that tell your kids? Ever though about that? You should.
"An investment in knowledge
pays the best interest."
----Benjamin Franklin
What is an absolute necessity, if you care about how your kids turn out in life, then at least provide them with the tools and resources to manage their lives much more effectively than you have. Your choice may be to let others teach them--those teachers who absolutely aren't interested in your kid's future.
Certainly, public grade schools and high schools won’t do it. They teach kids nothing about money management, business principles, the business world, self-reliance, responsibility, self-discipline, communication, and influence, or success.
You could pick a college for them that is oriented towards business education. The interesting conclusion I have come to about physicians lack of business education is that unless a college student or more importantly a medical student has been introduced to business principles and marketing strategies first, they will never know how important business knowledge is to their medical practice, future, income, lifestyle, family obligations, and success in medical practice.
Our public schools, colleges, universities and medical schools don't tell them.
Therefore, medical students, without that factor in their minds, will not only believe the medical education dogma of, “You don’t need a business education,” is a fact, but also will create a mindset that can’t be removed after medical school. To me that says kids must be introduced to business very early in life… starting in grade school if at all possible. Today that can only happen in private schools, maybe.
What should you do for your kids?
My experience tells me that you may be well beyond the time when anyone can convince you that you need a business education, even if you only have a few years left in medical practice. If you would like to get a business education the inexpensive easy way while continuing to practice medicine, I can tell you how…a topic that this website will tell you in understandable terms.
David Fagan wrote a book titled, “Guerrilla Parenting: How to Raise an Entrepreneur,” which can be a great starting place for coaching kids about business and entrepreneurial thinking.
David has created many successful companies, Icon Media Builder, Guerrilla Parenting Company. He has a passion to teach kids and parents about entrepreneurial life. He was the former CEO of Guerrilla Marketing and worked with Jay Conrad Levinson, a renowned marketing expert.
He had a new TV show called The Hollywood Entrepreneur: Celebrity Business News. Find it on Time Warner Cable and Verizon FiOS, Channel 45, unless it has been terminated. College is not for everyone, is his belief… and I believe it as well.
It’s probable, judging from the impressive college student recruiting reports, that colleges have a need to reform education. College education will need to move from the liberal arts to much more narrowed curriculums to meet the job market requirements.
David goes so far as to state to some parents, “You know what? You’d be better off spending $5,000 doing a small business loan for your kids, helping them explore their talent, than you would spending $50,000 or $250,000 on a college education.”
For the last five years, David has hosted his own Young Entrepreneur Summer Camp, which has been featured in Forbes. It’s a $4-$5,000 week-long summer camp in California…for age 11 to 15 kids usually. They don’t get lectures. They group and create businesses and all that goes with running businesses with some coaching.
The workshop experience is what brings out the talents and creativeness of kids. Their minds at that age are like sponges and are ready to absorb anything thrown at them.
The most efficient enemy of learning are the words “I know.” It also happens to be the exact words of most doctors I come into contact with today. And it’s the perfect example of a fixed mindset, unfortunately. Many call it, arrogance.
Another millionaire with an urge and passion to educate kids along business lines is Robert Kiyosaki. He had a program for educating kids about a business that he doesn’t advertise to any degree.
His recent book, “Rich Kid Smart Kid” is dedicated to parents and teachers everywhere. To make a point, he focuses on a government study, of every 100 people at age 65, one is rich, four are comfortable, five are still working, 56 need government support or family support, and the
rest are dead.
Job security is now a laughable matter. Education is more important than ever. However, the issue is not a general education, but an education narrowed to the specific interests of the student.
Look at the medical profession education, for example. There’s an extraordinary amount of new and old medical information that no medical student is able to learn or comprehend. After practicing for a time the medical education they learned begins to slip away, hence the need for CME education, which should be limited to their own specialty.
Bouncing from medical school into a residency program, skipping an internship, is the way go get more physicians into practice sooner. The way to reduce the medical education knowledge is to require first year medical students select an area of interest in a specialty and proceed to educate the student in that area only.
Lastly, I want you to know about another means of introducing your kids to the most elite business education experience far beyond what can be found in the world today. The business and marketing company which educated me in business and marketing has transitioned to a company named, Magnetic Marketing.com. and the company that just bought it out, Click Funnels, CEO/owner Russell Brunson---Phone= 800-871-0147
Magnetic Marketing has continued to be managed by a group of small business and marketing entrepreneurs who were educated at the old company. Dan S. Kennedy, the old creator of the original company GKIC continues to be the powerhouse in the new company.
Dan S. Kennedy fuels the organization with outstanding business and marketing knowledge that is passed on to those who subscribe to their various newsletters and mastermind groups. The information is held close and not made available to others. Members can bring their kids and wife and employees. Cost about $2,000 each for non-members, but may have changed recently.
I have a few reasons for telling you about this new group. First, I’ve been a member of it for over 10 years and know its value to physicians. Second, once you place yourself in the middle of one of these conferences you will never leave the group, ever.
Third, the new group, I believe, will soon be having a special session for kids and young people that parents can bring to the conference for business and marketing education. It’s an incredible opportunity for kids that is rarely found anywhere else in the business world.
If you want to dig into these opportunities further, I suggest you Google the keywords, "Summer camp" and feast on the fun.
The kicker here is that the same David Fagan mentioned above used to be the instructor who taught business education to the kids at the conferences. At the Super Conference they used to have famous celebrities that speak and give their knowledge about their own business. I expect the new company, Magnetic Marketing, will be doing the same.
Comment...
My advice for preparing your kids for life's challenges is to enroll your children in the business and marketing programs in summer camps.
I spent over 10 years in Dan Kennedy's programs during my retirement from medical practice. The instructors are not professors, they are the millionaires who started from scratch, built their businesses on Kennedy's platform for success, and continues today. You can find their 114 books listed in my second edition of my book, THE WOUNDED PHYSICIAN PROJECT----
If I had had all the business knowledge that I have now, I likely would have become a millionaire in medical practice many times over. You can do that yourself by using what I give you to learn and add to that even more yourself when you get the itch you can’t scratch about business.
I would love to hear if I have helped any of you do better in your medical business.
----Professional Probe----
"Would you let a camel swallow your kid,
just because he didn't have a
business education?"
How do you manage your kid's welfare, especially their education?
Would you prefer to have them eaten up by business ignorance
or be swallowed up in business knowledge?
Take my advice and ensure that your kids, at any age,
become business educated... as early in their life as you can make it happen.
Articles©2013-2022/CGG INVESTMENTS LLC. All rights reserved. #112, 3-16-22
