The Uneducated and Impoverished YouTube Generation

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When TV went Main Street USA in the mid-1960’s, millions of families changed their daily routine. Instead of reading or chatting it up with family, friends and neighbors, almost overnight, millions instead sat in front of their TV for hours at a time.

Adding fuel to the fire, in the late 1990’s our TV addiction was augmented by a new addiction – the Internet. Thanks in large part to the success of Internet giant YouTube, millions today have brand new addiction – videos.

What’s the point?

According to my Rich Habits research, 96% of those who rise up from poverty or the middle-class to become wealthy all share one thing in common – they read to learn every day for 30 minutes or more. Self-made millionaires are habitual readers and their reading habit leaves them with very little time for video watching.

While these self-made millionaires, or the “evil 1%”, continue to learn, grow and amass fortunes, the rest of society, the 99%, are falling behind, contently watching videos. This 99% has eschewed reading, the font of learning, for video watching.

If you’ve ever watched any of those man on the street interviews, where the interviewer asks young people about facts everyone should know, you understand what I’m saying. The YouTube generation does not have a grasp on everyday facts. They lack fundamental knowledge because they are not reading anymore. And they are not reading anymore because they are spending what free time they do have watching videos.

Who’s at fault and what to do?

Parents are to blame for failing to inculcate in their children the habit of reading. The solution is to first acknowledge, as a society, that we have a video addiction problem. The second part of the solution is to wean ourselves from this poverty-creating video-watching habit and replace it with the prosperity-creating reading habit.

As a society, we don’t read anymore. We watch videos, instead. And you can’t learn anything meaningful from a video. Our new video-watching habit has replaced reading and in the process, learning. This is unfortunate because reading to learn leads to knowledge and increased knowledge leads to growth. Only by growing in knowledge is success possible. And video-watching doesn’t help you grow. Video-watching is a cancer to growth.

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Thomas C. Corley About Thomas C. Corley

Tom Corley understands the difference between being rich and poor: at age nine, his family went from being multi-millionaires to broke in just one night, due to a catastrophic fire that destroyed his Dad's thriving business. For fourteen years they struggled with poverty. There were eleven in Tom's family, and they lived in constant fear of losing their home.

Driven by the desire to unlock the secrets to success and failure, Tom spent five years studying the daily activities of 233 rich people and 128 poor people. He discovered there was an immense difference between the habits of the rich and the poor. During his research he identified over 300 daily activities that separated the “haves” from the “have nots.” Tom decided to write a book to share what he learned. That book, Rich Habits: The Daily Success Habits of Wealthy Individuals (1st Edition), went on to become an Amazon Bestseller in the United States forty times over a three year period. To give you some perspective, in order to be a true Amazon Bestseller in the United States, where you actually receive a specific Bestseller designation from Amazon, you need to be in the top 100 of all books sold by Amazon in the United States in a given day. Rich Habits did that for nearly thirty straight days, rising as high as #7, eclipsing such Bestselling authors such as Stephen Covey, Robert Kiyosaki and J.K. Rowlings. Imagine that - an unknown, first-time, self-published author selling more books than J.K. Rowlings!

Tom now travels the world, sharing his Rich Habits and motivating audiences at industry conferences, corporate events, universities, multi-level marketing group events, and global sales organizations’ presentations and finance conferences. He has even spoken on the same stage with famous entrepreneurs and personal development experts, such as Sir Richard Branson, Robin Sharma, Dr. Daniel Amen, and many others.

Tom has shared his insights on various national and international network, cable, and Internet television programs such as CBS Evening News, NBC News, Yahoo Financially Fit, Money.com, India TV, News.com Australia, and a host of others. He has been interviewed on many prestigious nationally syndicated radio shows, including the Dave Ramsey Show, Marketplace Money, and WABC.

Tom has been featured in numerous print magazines—such as Money magazine, Inc. Magazine, SUCCESS Magazine, Entrepreneur magazine, Fast Company magazine, More magazine, Epoca Magazine (Brazil’s largest weekly) and Kiplinger’s Personal Finance magazine—and various online publications, including USA Today, CNN, MSN Money, SUCCESS.com, Inc.com, and the Huffington Post. Tom is a frequent contributor to Business Insider, Credit.com, Bankrate.com and a few other media outlets.

National publicity has garnered international media attention for Tom and his Rich Habits research spanning 23 countries. Broadcast media, online publications, and television throughout Asia, the South Pacific, Europe, the United Kingdom, and Central and South America have shared his powerful message.

In an effort to help parents, grandparents, teachers and adults become success mentors to the younger generation, Tom released his second book, Rich Kids: How to Raise Our Children to be Happy and Successful in Life in 2014. This book was the self-help category winner of the 2015 New York Book Festival and Runner-up in the prestigious 2015 Writer’s Digest Self-Published Book Awards Contest. In 2016 Tom released his third book, Change Your Habits, Change Your Life. This book provides the latest science on habit change as well as more of Tom's unique research on the specific habits that helped transform 177 ordinary individuals into self-made millionaires.

Besides being an author, Tom is also a CPA, CFP, and hold a master’s degree in taxation. As president of Cerefice and Company, CPAs, Tom heads one of the premier financial firms in New Jersey.
 
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Comments

  1. While I agree, I do feel it is important to acknowledge youtube has hundreds-thousands maybe even millions of lectures, discussions, etc. with extremely intelligent persons to stimulate thought. Professors, business leaders, etc. all have videos online be it pure lectures or interviews sharing their knowledge and wisdom for those willing to study. For example, Dr. Robert Sapolsky from Stanford has about 25 hours of lectures in Human Behavioral Biology that I am hoping are as good as I want them to be whenever I am able to create the time to study through.

    Moving forward one can only wonder about the future value of face to face meetings with a single professor the location compensates for their time vs receiving an education online via online courses from the best of the best in their fields. With recent advances in technology interactive programs exist so individuals can interact via talk/text and who knows what opportunities virtual reality could present.

  2. Cenddie Alaban says:

    Hi Tom,

    You don’t mean. YouTube Rich habits Episodes are not educational, do you? I usually downloaded them and listen to then in my car going to work I don’t think I’m making a mistake doing that.

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