More people become millionaires by owning their own business than any other way.
Dangerous Children study and practise investing and small business entrepreneurship from the age of 8 or earlier. Doing deals is at the heart of the human enterprise, whenever one human interacts with another. The Dangerous Child Method is all about creating Dangerous Entrepreneurs, as well as other dangerous types of humans.
An entrepreneur is anyone who is independent, creative, inventive, and willing to take risks… Most great entrepreneurs simply love what they do — whether it’s problem-solving, building something from the ground up, or a passion for their product or service. __ Sam Zell in “Am I Being Too Subtle?”
Dangerous Children are inventive risk-takers, independent and contrarian to the core. As such they do not fit in very well at today’s groupthink universities, government agencies, conformist media conglomerates, or the rent-seeking echo choirs of most corporate cultures eager to feast on government contracts.
Today’s societal compulsion to “send every child to college” is cutting the legs out from under future innovation and business skills, not to mention its damaging effects on the crafts and trades. With a college loan debt in excess of $1 trillion, the US is beginning to suffer from this financial (and human) misallocation in a significant way.
Venture capitalist Peter Thiel has been experimenting with a $100,000 fellowship for selected young people, to encourage them to build, invent, and sell new things rather than to sit in classrooms and receive an academic lobotomy.
College is not necessary for one to become a successful entrepreneur — and in many cases it is an active impediment. Entrepreneurial skills can be best learned by an on-the-job learn as you go approach.
Hard core entrepreneurs tend to come up with their own ways of matching supply with demand, and meeting their customers’ and clients’ needs. But sometimes a would-be entrepreneur needs to borrow an idea to get started. There are a number of franchises with entry fees of less than $4,000.
Dangerous Children master at least three ways of financial independence by the age of 18. Whatever skills or types of expertise they develop, business skills will increase the profitability of those skills.
Once a youth achieves financial independence, he can choose and navigate his own pathway through life — through a wide range of businesses, through the professions, via creative arts, through science and technical occupations — or even in government work if absolutely necessary.
Entrepreneurs are inherently dangerous to top-heavy societies such as one finds in Europe and the Anglosphere. This is why most unprincipled politicians (Obama, Clintons, etc.) seem to reduce overall opportunities in society by diverting massive amounts of funds to parasitic rent-seeking political allies.
Things are even worse in corrupt states of the emerging and third worlds such as Russia, China, India, Brasil, the African dictatorships, etc., entrepreneurs must be prepared to pay large bribes at different levels of government just to get started. Successful entrepreneurs that are not deeply connected to top level government officials walk around with a bulls-eye on their backs. Entrepreneurs in Russia who refuse to pay the mafia are typically shot down as examples to others.
If you can imagine a society mostly composed of independent entrepreneurs and their skilled and resourceful employees, you can imagine a society with fewer problems with unemployment, drugs, crime, and government corruption. Imagine a society where even the least-paid labourer can earn a living income at least three different ways, and you can imagine a society with far less insecurity and anxiety.
For that to happen, changes must take place at both the top and the bottom. At the top, taxes and regulations must be streamlined severely, and tailored to small businesses, entrepreneurs, craftsmen, and tradesmen.
At the bottom, children must be taught to teach themselves, discipline themselves to follow self-developed plans, to understand money and business, and to be independent, creative, contrarian, thinkers and doers.
In the middle are the people who raise the children and who run the businesses, do the work, and invent new ways of doing things.
Such a society is immersed in creative destruction and disruptive innovation. It is, by definition, “dangerous” to the current elites who maintain their wealth and influence via rent-seeking.