As I sat down to enjoy some smoked salmon at a recent BBQ I attended, I ended up at a table with two recent high school graduates.
To my disappointment, when I asked them what their plans were for the summer and beyond, both said they were heading to college.
With student loans and a wasteful four years in front of them, I couldn’t help but ask why.
Is there really anything that takes 4 to 8 years to learn or become an expert in?
Seriously, what a waste of time. Even Ham, the first ape that went into space, only trained for 2 years.
Colleges have convinced nearly everyone that you need a degree to be an effective employee or higher-income adult, but this is just not true.
I can tell you as an employer that I’ve never asked a single person what their grades were and I’ve never asked to see a degree.
The ugly truth is the ones with college degrees usually end up writing SEO articles for $15 an hour and the skilled workers who’ve been writing code as a hobby or editing videos for years on a MAC end up as managers making $75+ per hour.
Young people today who sign up for college are committing to 3 things.
- Debt: It’s pure insanity that you’re required to pay for information that is freely available to all.
Think about it: a Google search, a 6-week or 6-month course, on the job training… All of these beat the price of college tuition.
Why anyone would borrow money for a college degree makes no sense. Unless the government has screwed your industry with a mandatory college degree in order to get some sort of license, like to practice medicine or law, what exactly is it that you need to pay the college for?
- Four unproductive years: Ouch! One of the biggest negative effects is that you’re detouring a life for 4 full years or more.
It’s totally unnecessary at this point. When I was 18 years old, I made $55,000 while my peers sat in a classroom learning things that were forgotten before they even left the campus that day.
By the time I was 22 years old, instead of having a degree, I had made $260,000 working at a job for the past four years, I owned two businesses that cash-flowed, and I had over 10 rental properties, not including about $400,000 I had made from flipping homes as a side gig.
- A workforce that isn’t there: Let’s be honest, colleges are preparing our young people for an economy that no longer exists!
We live in a global freelance economy. Employers want results for the lowest possible price, and they have the entire world to hire from.
The entitlement mindset and enormous false expectations a college puts in a person’s mind are only setting them up for failure.
Summary: The disservice in teaching people that education comes only from school has put millions of families in debt.
The college bubble — both the 1.2 trillion worth of student loans and the lie that you need a degree — is literally coming apart at the seams.
If you know a young person, help them get ahead by not going to college.
Source: Zero Hedge