Sunday, May 15, 2011

The Real Business of the 21st Century

Considering sky high college tuition costs, high unemployment and underemployment, edutainment may be ready to take off. Edutainment = education + entertainment.

People are reading and looking at the web sites of Robert T Kiyosaki, You Tube, sites with free lectures and tutorials, the CBOE's web site and others. People buy books and dvds to be educated and entertained.

I predict the self help (self education) industry will really grow. There could be viable alternatives to traditional schools and colleges for some subjects in the near future. Edutainment and self help are excellent for entrepreneurs and investors who want to hone their skills. Schools don't really teach financial skills.

People are taking on $100,000 or more in student loans, and living with their parents in order to pay the debt. The debt could have been paid into a Roth IRA or funding a small business instead.

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