Chicago Stateâs Millionaire Class and the Lesson Many People Will Miss
This was in todayâs WSJ and I had to share with the group. Chicago State University is running an experiment you donât see often on a college campus anymore: Theyâre teaching students how to get rich, not âmiddle-manager comfortable,â but eight-figure wealthy. A group of mostly Black, working-class students are taking a âMastering Wealthâ class taught by Pete Kadens, an entrepreneur worth roughly $250 million. Instead of rĂŠsumĂŠ tips, theyâre setting explicit net-worth targets of $3M, $10M, $25M, even $50M, then building business plans to get there. These students are balancing jobs, bills, kids, and real-world stress. Yet theyâre pitching startups, studying pain points, and learning from billionaires who drop in to speak. The goal isnât incremental progress. Itâs generational wealth. And itâs working. You can feel the shift in their expectations. Programs like this should exist everywhere. Not motivational fluff. Not âhereâs how you dress for an interview.â But real wealth education for people whoâve never been told theyâre allowed to aim big. Kadens is right: When someone in a poor neighborhood becomes wildly successful, the blast radius is huge. Jobs, confidence, role models, capital all of it spreads. We need more of this in the world. But Hereâs the Trap I See Coming Ambition isnât the enemy. Lack of focus is. Reading these stories, you see students chasing three, four, five business ideas at once; aromatherapy, counseling, real estate, publishing, cleaning businesses, tax prep, cannabis ventures, patents, franchising. Itâs contagious optimism, but itâs also dangerous. Anyone who listens to Founders Podcast knows the pattern: Every great builder picked one thing, got world-class at it, and earned the right to expand later. Jobs didnât build Apple and a side hustle. Nike didnât start with shoes plus a cleaning company plus a tax-prep business. Bezos didnât build Amazon and an aromatherapy brand on the weekends. The students in this class need the same message: