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I’m starting a new 10 post series entitled, “Why You Aren’t Getting Rich” and it is a compilation of the top excuses I’ve heard from friends, family, co-workers, and people I’ve met over the years as to why they aren’t getting rich.

The #10 excuse I’ve heard over the past decade has been “I don’t have a college degree.”

While a college degree is important, it is not the primary requisite for becoming wealthy. I can name a few billionaires that didn’t graduate college such as Bill Gates (Microsoft), Michael Dell (Dell Computers), Larry Ellison (Oracle) off the top of my head.

These men did however have a high level of education in their areas of expertise. Bill Gates had a passion for software and computers so he learned everything he could about computers and programming to ultimately found Microsoft.

Michael Dell had a passion for hardware and started Dell Computer out of his garage building PCs for friends and businesses. He became highly self educated in the hardware design and development business.

It is clearly possible to achieve phenomenal wealth and success without a college degree so when I’ve counseled people over the years I’ve always encouraged them to pursue their passions first and acquire the skills, training, knowledge and education in that field as they pursue those passions.

I have many passions that have made me fairly successful in life and one of my passions right now is investing via Exchange Traded Funds & Covered Calls. To learn more about my passion that is making me Get Rich Slick, click on over to http://www.etfcoveredcall.com.

Tune in next week for Excuse #9 - You don’t have well connected friends to get a high paying job.