Re:
College has been sold to the masses. As mentioned before College was an EXTREMELY great bargain in the early 1900's when...
Degree candidates made 10x what Non-degree candidates made. The going rate of wages back then was...
Degrees $3000/yr
Nondegrees $300/yr
Even if it cost you $1500/yr to go, or even $2,000, you knew a return of money WAS CERTAIN in the first few years. Down the road, the rest was gravy. Now what? It costs $15k per year OR more, and you get maybe $30k for a salary? A $15k education is a state education and the few fields that would yield $30k+ in New England are Engineering, Sales, Nursing, and SOME support staff positions. Other careers afford MORE income after a period of years.
Putting aside the Return on Investment...
And education, is an education, is an education. HOWEVER, if you give a tradesman who has an entrepreneurial background and penchant the 4 year headstart they''ll blow the college student out of the water EVERYTIME. How is that possible?
First off, they don't incur the $40k in debt it takes to get through college. Also the lost time and experience you lose from age 18 to 22 of NOT working at a better level.
Second, they have a head start on income.
Third, they're always in demand. A tradesman will continue to grow, especially as babyboomer tradesman retire. Moreover, as entreprenuer or sole proprietor, they have more control of their own tax status and right offs.
Fourth, they're building a business, gaining practical real world skills that are applicable and NOT simply idealized tech skills pandered through
text books.
What we're comparing here are a college candidate selecting DIFFERENT paths, not saying its one size fits all. Some do have a desire to be an employee, to have a regular schedule, to be told what to do, and that's fine. But in terms of "best" opporunities, college is declining. Believe me, I have a degree in Finance/Accounting/Economics, and they DO NOT teach what should be taught NOR do they teach practical finance. They TEACH text book knowledge that's been approved to NOT OFFEND or bring liability on the campus.
If colleges TRULY had education in mind, why not offer the best non fiction books and seminars as part of their education?
In finance, Benjamin Graham, Peter Lynch, William J Oneil, and Warren Buffet stand as a testament to investment wisdom. Why not teach principles that these guys teach?
Zig Zigler, Tom Hopkins, Dan Kennedy, Neil Rackham all wrote incredible books on sales, yet you won't FIND ONE in a college course.
Public speaking is barely a requirement, yet of all jobs anyone does, speaking and communication is first and foremost at getting ANYTHING done.
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And while some of you male posters HAVE taken finance classes, either because you're in business or you wanted to, there's a lot more who HAVE NOT. Many women don't even touch accounting, and if they do, they fail it anyways and forget its practical uses. I know, I tutored girls in college and deal with them everyday, most throw it aside and LET SOMEONE ELSE WORRY ABOUT IT.
Which means 2 things must happen...
1. Finance courses on debt, assets, investment classes, how to invest in them, how to set up a financial plan MUST BECOME manditory AT SOME LEVEL of education.
2. We must revert back to the old days of WOMEN staying home and relying SOLELY on some MAN to take care of themselves.
It's not like a woman is going to put down a COSMO magazine to pick up a Peter Lynch Book, or a Ric Edelman financial planning book. Is it?
And everything some of you posters described as COLLEGE is what's bad about it. Yes, bad. The experiences are great, but keep in mind you're PAYING for them in terms of time and money. If you enjoy it, do it, but that doesn't mean I , or anybody else here who has said that college isn't what it was is wrong. It only means you LIKE IT SO PAY for it. Just because you like DISNEY stock and its tanking doesn't make it a good investment, and so on.
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History lesson.
When, as Pook described it, crops and animals and the like were the tools of bartering, PEOPLE KNEW what value they could get. They knew what they needed and how to exchange it. They knew how to care for the crops, make them grow, and when to sell them. They knew how to care for animals, how to heal and feed them and when to sell them. THEY TOOK CARE OF THEMSELVES.
The new tool is money/currency and the new crops assets. If you earn even $1 you must understand your RESPONSABILITIES by earning that within the 50 states or as a citizen of the United States. Sure $1 isn't taxed, but once you get up to $3k you get taxed.
95% of America is not ever going to be FINANCIAL free, yet they'll gather $1,000,000 in their working careers. A sign of true wisdom in finance is doing more with less. Sure it's not as easy as the guy who makes $100k /yr to invest in real estate or to take great risks in the markets, but can they still lead a great life? Yes. Absolutely.
A college degree is a piece of paper. While you'll have the memories and maybe the connections if some materialize, the only thing employers see is that resume. Your experiences make you who you are and hopefully they're positive growth ones that impact your future. But the drinking, debauchery, sex, and overall cost is far too high for what you get. Ultimately, WHAT you pay for is the education, the classroom time, which accounts for less than 10% of college time spent each week.
A-Unit