Chicago Stateās Millionaire Class and the Lesson Many People Will Miss
This was in todayās WSJ and I had to share with the group. Chicago State University is running an experiment you donāt see often on a college campus anymore: Theyāre teaching students how to get rich, not āmiddle-manager comfortable,ā but eight-figure wealthy. A group of mostly Black, working-class students are taking a āMastering Wealthā class taught by Pete Kadens, an entrepreneur worth roughly $250 million. Instead of rĆ©sumĆ© tips, theyāre 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 theyāre pitching startups, studying pain points, and learning from billionaires who drop in to speak. The goal isnāt incremental progress. Itās generational wealth. And itās working. You can feel the shift in their expectations. Programs like this should exist everywhere. Not motivational fluff. Not āhereās how you dress for an interview.ā But real wealth education for people whoāve never been told theyāre 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 Hereās the Trap I See Coming Ambition isnāt 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. Itās contagious optimism, but itās 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 didnāt build Apple and a side hustle. Nike didnāt start with shoes plus a cleaning company plus a tax-prep business. Bezos didnāt build Amazon and an aromatherapy brand on the weekends. The students in this class need the same message: