3 Secrets of Wealth I Learned from Bill Cosby

Bill Cosby, a well-known African-American actor, is known for his strong opinions both as a character and in real life. His character and determination have helped him to succeed over the years. Growing up, his family was not wealthy, and Cosby started working at an early age. In fact, he started shining shoes when he was just nine years old. Today, his net worth is $350 million. You couldn’t shine that many shoes in a lifetime. Cosby earned his millions by becoming a successful comedian and actor, and you can learn a number of valuable secrets of wealth by taking a look at his life.

1. Education Isn’t Everything

No one denies that you should get your education, but in this day and age, it’s not necessarily one of the secrets to wealth. Getting a college degree might not be worth your time, especially if you are not particularly academically minded. Going to a trade school, for example, might be a better investment for you. Racking up thousands of dollars in student loan debt to get your education might not be the best choice for your specific situation. So, instead of getting a degree just because you’re “supposed to,” take the time to consider what is right for you.

Bill Cosby dropped out of high school, and he readily admits he was a class clown who was more into sports. He did receive the equivalent of a high school diploma while he was in the Navy. He later attended Temple University on a scholarship, but he also dropped out before completing his degree, though he would get his bachelor’s degree later. He would go on to earn a master’s degree and a doctorate of education as well. While it is evident that Cosby is well-educated, he did not complete his degrees in the traditional manner. This goes to show that while your education is important, you don’t have to approach it in the traditional way in order to be successful.

2. Perseverance Pays Off

Even if you are not where you want to be right now, it pays to work hard. You will not get anywhere if you don’t apply yourself. Even if you don’t have your dream job, you’re at least making some money, or you might be gaining work experience in your field. In the end hard work pays off.

Cosby worked a variety of odd jobs growing up and as a young adult, and he kept working until he achieved success. He started off in the Navy before attending Temple. While at Temple, he got a job working in a coffee house where he would tell jokes. This was the beginning of his standup career, and he worked as a standup comedian for some time before making an appearance on The Tonight Show in 1963. After that his career took off, and he appeared in a variety of TV shows including I Spy, The Bill Cosby Show, The Cosby Show, and more.

3. Apathy Gets You Nowhere

Cosby has strong opinions on a variety of things, and he feels strongly that apathy gets you nowhere. You cannot simply wait for someone to provide you with the things that you need. It’s true that doing nothing gets you nothing, and you have to take control to move up. If you wait for someone to provide things for you, it’s never going to happen. The same thing applies to your finances. If you want more money, you need to go out and work for it. If you want a better job, you’re going to have to go out and work for it. No one is going to hand you success.

When you look at Bill Cosby’s life, you can garner a number of secrets of wealth. First, education isn’t necessarily your ticket to success, and spending thousands of dollars for a degree might not be your best plan. Second, hard work pays off. If you stick with it, you will often succeed. Even if you work hard, however, you will not win every game, and you will not succeed at everything. Still, and third, if you do nothing, you will achieve nothing.

How do these secrets of wealth apply to your life and finances?

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