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@minac4250

Жыл бұрын

"Accepted" and "Office Space" are my favorite comedy movies.

@ajrobbins368

Жыл бұрын

Please do a deep dive into fine art as an asset class and the company, Masterworks, that is advertising this "investment opportunity" all across KZread.

@garydevries5961

Жыл бұрын

Also please start deleting some of these bot threads. Very easy to find as they are in the top of your comment section most of the time. KZread won't do it as many of us have been reporting them for a long time and nothing happens. That means we will need your help and deleting these scammer bots. Thanks.

@AnonymousAccount514

3 ай бұрын

25% of college students pay cash??????? i find that very difficult to believe

The problem is that a lot of students sign up for college without really thinking beyond it. if you study the right degree it's an incredible investment, but other degrees are basically useless and will have you back where you started when you left high school, except this time you have a mountain of debt to carry.

@thejquinn

Жыл бұрын

Maybe we should our mindset in this country from making colleges a financial investment to something that increases the human experience, as they were first intended, and even as people like Thomas Jefferson (who wanted UVA to be free for its entire existence) pictured.

@CryptoRoast_0

Жыл бұрын

I went into IT straight from school, by the time my friends left University they started on a lower salary than I had reached during those years. In fact I helped get a few of these people jobs 😅

@stevel.3903

Жыл бұрын

As it was in the video: Money is not the only factor to consider. But IF you are a money motivated individual, then you should treat college first and foremost as an investment. If everyone studies computer science, the following shortage of teachers and overabundance of IT guys will change the payment as well...

@kalebbruwer

Жыл бұрын

@@stevel.3903 Markets are dynamic, supply and demand will automatically be accounted for. Don't worry about that. But I don't think it's wise to go to university for the "experience", because you'll be partying on borrowed money

@stevel.3903

Жыл бұрын

@@kalebbruwer yeah but getting a major in art history or social work isn't partying around on borrowed money. It's very expensive for the potential pay roll after graduation but these people may chose not as an investment and I wont judge them upon their choice. As a society we also need social work, even if it doesn't pay well.

The absolute biggest hack for college is to get your associates degree at your local community college and then transfer to your local state college to finish your bachelors. You can keep your loans under $50k if you do that and work a part time job at the same time

@mammajamma4397

Жыл бұрын

No the biggest hack is to be smart and have poor parents. Grants instead of loans from Mr. FAFSA, baby!!!

@iLetThisKpop

11 ай бұрын

Just have to be careful about transferring credits because some 4 years dont accept cc credits

@todoldtrafford

11 ай бұрын

@@iLetThisKpop many ccs have agreements with colleges now but yea

@lukeloeffler8032

11 ай бұрын

In the process of doing this despite graduating top of class in high school. I seriously recommend it if your local community college offers a transfer program to a state school

@WhiteBreadCrumb

11 ай бұрын

@@iLetThisKpop A lot of state schools will have cc agreements where a good majority if not all will transfer credits.

If it were more acceptable to take a year or two off to actually consider your options, rather than getting funnelled directly from Grade 12 calculus to a loan office, I think people would make much better decisions.

@mandisaw

Жыл бұрын

Of course you can take time before pursuing college - a significant chunk of students in 4yr programs are non-traditional, meaning they are starting or returning several yrs post HS. It's easier to do it when you're a bit younger, no kids, lower opportunity cost, etc, but it also means you're [hopefully] more mature, and have a better grasp of what your goals & strengths are. Most US financial aid is based on how many semesters you use, not your age when you use them.

@GeoffreyVonbargen

Жыл бұрын

It's definitely very possible. I took a year with the goal of trying to save for college. I uh, didn't save a lot. But I experienced trying to get work in a uh... Not super easy environment to find work. I don't know why but it seemed impossible starting out in 2012. I'd have taken a job literally anywhere and no one would take me. Encouraged me to peruse a degree that had high hiring rates after graduation for sure.

@mustang8206

Жыл бұрын

It is pretty acceptable actually. Maybe not for your family but plenty of people that I know took a year or two off before deciding

@HrHaakon

Жыл бұрын

There's a type of college for that. Hilariously enough. www dot folkehogskole dot no/en/about Not saying you should go, but it is hilarious to me that this is a real thing, it's a serious option and it's good for many people.

@NazriB

Жыл бұрын

Lies again? Fail College Education

Seeing this from a German perspective and realizing how good I had it myself, that even university studies are almost free. And then to remember back to school when classmates simply didn't want to go to school and skipped classes. Out of sheer laziness, they let a chance like this slip away.

@michlw96

Жыл бұрын

Please have a look at the taxes on your payroll in Germany and tell me again that universities are "free". They are just getting paid by everybody, instead of only the people that attend them. Fair? I don't know.

@loozsy

Жыл бұрын

@@michlw96 yes, 100% fair.

@michelbruns

Жыл бұрын

@@michlw96 i rather pay higher taxes and safe myself a 6 figure sum of debt (with high interest)

@user-hv6wb5gk8p

Жыл бұрын

@@michlw96 A degree is an investment. In the US you make that investment and have to earn that money back. In germany the government makes that investment and gets the investment back from the tax revenue on the higher paying job you can get with said degree. Because of the graduates increased earnings the costs to taxpayers without a degree is very small. In return wealth doesn't dictate the access to tertiary education to the same degree and the risk is way lower since drop-outs aren't burdened with debt. For the later it's important to consider that a whole lot of people don't drop out due to laziness but due to reasons like health issues, pregnancy or to take care of sick family members. Edit: As a german who had to drop three times due to health issues I'm very glad that I'm not $60k+ in debt before even starting a career.

@ac1455

Жыл бұрын

@@michelbruns not to mention, aren’t the services from taxes most people get cost less than in the US? I mean, per capita the US spends double what some other OECD countries pay for health services even including taxes.

As a "college" (I'm Aussie, it's called uni) drop out. I make more money now then all my friends with university degrees. I worked my way up into senior management by having no loyalty for any company I worked for. I would take new job roles always in a slightly more senior position at new companies. I also did this exclusively in temp roles for for two years. This was great because it diversified my CV and was a great way to explain why I was short tenured in each role. It also improved my interviewing skills like crazy. It meant my CV was super diverse, tons of experience, even though it was only two years. Not saying this will work for everyone, but it worked for me.

@cooper1056

3 ай бұрын

You are one person 😂. But you don't understand how statistics work. To make it simple, that means for every person like you. There are ten like me, who have a college degree and make a lot of money.

@jonscreen7698

3 ай бұрын

@@cooper1056 this is so old I forgot I wrote it. If you read the last paragraph, I say verbatim: "Not saying this will work for everyone, but it worked for me" I know how statistics work, but you seem to struggle with reading.

I worked 12 years in the trades. For anyone wondering, I will explain the difference very succinctly. If you do not go to college, you will *most likely* (not always), have a crappy job that either doesn’t pay well, or is labor intensive or both. If you do go to college *for a decent degree* you will *most likely* be carving out a much easier path for yourself in life. Trust me, there is a reason that older people who are exhausted of working crap jobs decide to go back to school. Like I said, I worked for 12 years in the trades and it was easily one of the most miserable experiences of my life. A good portion of many tradesman’s/tradeswomen’s days are spent discussing with other coworkers that they should’ve gone to college. I went to school and almost instantly after graduating I got a cushy, high paying job where my co workers had a decent amount of respect for me. Coincidence? No. Some people are built for the trades, no doubt about it. But if you’re not sure that you’re built for the trades, then you are not and you NEED to go to college.

@AlexisXavier

Жыл бұрын

Thank you for sharing this

@chrisjohnson3967

Жыл бұрын

@@AlexisXavier You're welcome

@kevinantoine4891

Жыл бұрын

I'm built for the trades but it's not for me because I have more options/opportunities to go to school to earn a high paying degree, I looked at the trades as a way to get ahead of the pack after HS, yeah you would get ahead of the pack but at a cost, tools and safety gear are expensive + storage + high electric bill + diesel + monsters, the trades are nice especially electrical but having both a degree and trade equals a well rounded person, i also chose the trades because I wanted to finace a lavish lifestyle at 18 since I didn't had no responsibilities

@jakobpetrik72

Жыл бұрын

What trade were you in?

@kevinantoine4891

Жыл бұрын

@@jakobpetrik72 From general labor, rough carpenter to electrical in a span of 4 years, electrical school was a faster route to learn

My engineering degree was worth it. My family bank rolled tuition which helped a lot. It opened doors and put me at the top of pay grades in the energy industry. I do not use the degree at all, but it helps me move faster than many of my peers.

@bronsonschnitzel7493

Жыл бұрын

Yeah my engineering degree has paid for itself multiple times over. I worked during my schooling at internships so I was able to pay off my tuition and have some to invest. It isn't nearly as black/white as this research indicates.

@cmdr1911

Жыл бұрын

@@bronsonschnitzel7493 At 28 I'm making over 80k in an area where the average house hold income is 35k. That didn't include fringe benefits like stock, company trucks, per diems ect. The right degree will take you far

@mandisaw

Жыл бұрын

A good curriculum also teaches you how to think critically - STEM is built on this, but several Humanities majors are also good for that. I actually didn't follow my geochem degree into the dead-dinosaur or environmental business. But the stuff I learned in class & on my own, from analysis to self-confidence, have all contributed to my comfortable lifestyle & mostly-positive outlook.

@GeoffreyVonbargen

Жыл бұрын

I have to ask, being as you say your parent's paid, did they also have connections with your first out of college job? I also did engineering, made it through without debt (some family help, a lot of not moving out until my last 2 years of school). Overall I don't always know if it was worth it. I made the same as you at 28, and who knows what could have been done with the basically 5 years I was in school if I well, wasn't in school and working my butt off to pay for it. What I do know now, is that I'd be making about the same money, and maybe enjoy my job more had I gone after a career as an electrician. If I could do that for as many years though, who knows.

@cmdr1911

Жыл бұрын

@@GeoffreyVonbargen I went into the same industry as my dad, but the oil and gas industry was in a down turn. He did try but nothing planned out and I actually consulted for a company there was bad blood between. The most help was neither of us mentioning the relationship because I probably would have been thrown off site immediately. My first job was sheer dumb luck. I met the owner of an engineering firm through my girlfriend's, now wife, employer. They were short handed and I agreed to a construction management role and been in similar roles since.

I dropped out of university after the first semester, and found community college to be the better option to begin my career. Don't believe in the hype, the education is the same.

@ElectrostatiCrow

Жыл бұрын

Same. Plus it's easier to get into college and costs less.

@benjaminwatt2436

Жыл бұрын

@@ElectrostatiCrow Me too. i always promote local colleges over high end schools

@JamesD-jt5dn

Жыл бұрын

Depends on what carrer you want high paying careers like investment banking require a target school college degree then you will be making 1+ mil a year in ur mid to late 30s

@therewillbeguitar8078

Жыл бұрын

That’s cap. Apply to Deloitte with an accounting degree from a community college versus a major University and see what happens

@dannyslaughter3055

Жыл бұрын

I’d generally agree all the actual learning is the same (in like class vs like class) but it’s the networking and ability to brand yourself that’s different. It’s all too common when you start your career, that you use little of the information you spent 4 years learning. However what matters more was that first job out of school. If people don’t want to hire from your school for the roles that can lead to an entry in long term growth, it’s hard to catch up. Also, if you choose a degree in something with limited job openings or low growth potential, it doesn’t matter where you studied your outcome may be the same no matter what

I have zero regrets about not attending college. I got a part time job as a bank teller at 20 and have been working my way through the industry. Cozy cushy work from home office job in loan operations at 25, my coworkers are 10 years older with degrees making the same salary.

@benjaminwatt2436

Жыл бұрын

That's awesome, it really comes down to an individual bases. I have two brothers who tried to go without a degree and both continue to struggle. I got my degree early and i am happily married living a comfortable middle class life.

@AviationPilot91

Жыл бұрын

Are you sure they're making the same salary, though? 👀

@Dweeble233

Жыл бұрын

I didn't think bank teller was still a job...

@fictionindianspaceprogram-222

11 ай бұрын

And how can I believe you?

@TheLily97232

9 ай бұрын

Called lucky honey

I graduated university with £21k student debt, paid it off in 8yrs and currently earn 3x the national average wage. It was worth it for me but definitely not worth it for most people, especially now it’s more like £60k debt after graduating!

@SnehaFairy1111

Жыл бұрын

What was your major?

@Shoot231

Жыл бұрын

@@SnehaFairy1111 I did computer science 👍

@tonycrabtree3416

Жыл бұрын

8 years to pay off 21k?

@Shoot231

Жыл бұрын

@@tonycrabtree3416 yes, mostly paid through PAYE’s system and then I did a lump sum last year to clear it.

@djm2189

Жыл бұрын

Same! Computer science. Graduated with $24k debt. Now I'm 28 and earn $112k+ bonus, fully remote, 6% match. Way easier life.

Joined the military reserves... They paid for college plus more... Went to officer school after and they also paid for my MBA... Made $120k+ at 27, served my country, looked amazing and got the respect of every human I met. Flawless victory.

@freddy3863

Жыл бұрын

Goated

@lukemorgan6166

Жыл бұрын

Lol keep telling yourself that. You're serving government and politicians interests not your country. If you need to brag on the Internet you have zero respect from people

@donkeyslayer8370

Жыл бұрын

@@lukemorgan6166 You serve the politicians and their rich overlords, no matter where you work.

@perseusgeorgiadis7821

Жыл бұрын

@@donkeyslayer8370 jealous I see

I have zero regrets about my graphic design and psychology degrees. The latter is usually a stepping stone, only useful if you go to grad school. The former is in a state of flux as the print and digital spheres change. Both majors get mocked. But by combining them and using eclectic skills from social work, hobbies, and cashiering it created a uniquely affective combination for working in marketing and communications. The degree got my foot in the door, graphic design got me the job, and psych (and former social work) got me promoted from a part time job to senior manager in just three years. I won't deny the luck involved but it's also what you DO WITH IT that matters. Don't focus so much on money you take a job you hate. Or so little on it you get one you love but end up broke. Learn to do what's authentic to you and use the skills you get from it in creative ways to find a good combination of both.

@PHRCpvh

Жыл бұрын

With mental issues becoming a more serious subject around society, the demand for therapists will only increase, which might bring some pay increase if a deficit happens.

@WPaKFamily

Жыл бұрын

@RoseEyed That is the biggest cope I have ever read.

@TacticalHemorrhoid

Жыл бұрын

@@WPaKFamily How? They're literally following their plan and it's working out

@WPaKFamily

Жыл бұрын

@@TacticalHemorrhoid "But by combining them and using eclectic skills from social work, hobbies, and cashiering it created a uniquely affective combination for working in marketing and communications." That is word salad that is covering for some huge amount of cope. Stay in school my guy.

@RoseEyed

Жыл бұрын

@@WPaKFamily The whole point of a resume is to take different experiences you have in and outside of your work/degrees and show how they're an asset to wherever you're applying. In this case writing (obvious), cashiering (sales, interpersonal interactions, stress, etc.) and social work (place specializes in health equity) were some of those assets. If you think eclecticism is cope though good luck I guess.

Not all college degree gives the same return too, and the difference can be pretty big. Taking someone who got a degree in marketing or arts and comparing against someone who got a degree in computer science and medicine and youll start to see which degrees are actually worth investing in. If you're really interested in making the best return for your degree, do some research into the average salery graduates are racking in after settling into their fields!

@nickg7498

Жыл бұрын

I ain't gonna lie, I'm starting to wonder if majoring in accounting was the wrong choice.

@kevinthom7029

Жыл бұрын

@@nickg7498 mmm accounting is a decent choice it ain't too bad ngl

@sybrandwoudstra9236

Жыл бұрын

The main problem is that when investing into stocks is a better investment than studying, that no people will seek out education and this will Harms the same economy they invested in. If investments pay off, people will invest. If studying pays off, people will study.

@stevenroshni1228

Жыл бұрын

A lot of jobs don't care what you studied in college just that you can complete things and communicate but the professions (jobs that require professional licences do)

@sweetpea3134

Жыл бұрын

@@nickg7498 Accounting works, you should not be worried. Currently I'm majoring in finance and my career trajectory is taking me on a path completely unrelated to banking or stocks. Look around and see what careers will take accounting degrees that don't necessarily have to have you work as an accountant. Companies will highly consider hiring you because the rigor of your degree means that you're, *in theory*, easier to train (cuz you're smart). Also, don't neglect getting work experience as well whenever possible. Not sure how far along you are in your college career (or if you already graduated), but work experience is largely why people with community college degrees or associate's degrees can find decent work. It's because they entered the work force and actually applied themselves earlier on, whereas we are stuck in school. If you do interships/co-ops and school, you're going to be just fine. We business majors have to stick together! :)

I also don't see enough stress put on the fact that college is very much what you make out of it. You can go into a potentially high-earning major like Computer Science and do the bare minimum and never showcase your talents or build a network and you're more likely to get a job where you earn less than your peers. So yeah, motivation matters and so does initiative.

@iamagi

Жыл бұрын

Or don’t go to college and pay $30 for Pluralsight and make more the your co-workers with a masters degree.

@Demmrir

Жыл бұрын

I got a CS degree from a cheap community college and always put in the minimum effort. I now make $300k/yr total compensation. The correct way to handle college is to look at jobs that are expected to grow their market, pay well, and are either easy or suitable to your skillset and pursue those careers. Simply following your interests or going somewhere you've always wanted to live (or hosts a sports team you love) is wasteful.

@nerdobject5351

Жыл бұрын

As a computer science major I can’t stress this enough to other comp Sci majors. You have to carve out skills, network and demonstrate some ability that you can actually solve problems and code before they give you a 6 figure salary. I know comp Sci majors who push excel spreadsheets for much less cause they didn’t hone themselves.

@creatorofgods1668

Жыл бұрын

@@Demmrir I totally agree with you. Most individuals do not know about their expected income with the completion of their degree or expertise.

@nerdobject5351

Жыл бұрын

@@Demmrir That’s what I did also. No one ever asked me what school I went to or what my gpa was.

Another problem it's that a lot of colleges prey on the misleading idea that "any diploma is good" (which is not true), so students think they should hurry to get in as soon as possible, no matter how; but the WORST part is even degrees that sound essential and promissing are dealing now with rising unemployement. The young have similar desires as adults, but lack the rationale and experience, thus making bad choices when it comes to investments (just like college). After 6 years since I finished my college, I believe that the best move after getting out of high school is to "apply on the brakes", get a part-time or blue-collar job to make a few bucks for a period; THEN start analyzing what do you really want and what should be the best move for your future (also, check if college is MANDATORY for your career, 'cuz if it ain't, there is probably cheaper way to get it).

@GeoffreyVonbargen

Жыл бұрын

Doesn't help that high school is basically useless anymore. Seems like soon enough even entry level jobs will be requiring a degree because: 1: there are a ton of underemployed degree holders; 2: many degrees are more worthless than a high school degree was 50 years ago.

@benjaminwatt2436

Жыл бұрын

@@GeoffreyVonbargen I hear this a lot, that high school deploma has lost value, but haven't seen any rational or data. I work in a high school and have worked on standardized testing and curriculum. while i concede there are many areas to improve, overall i'd say the system seems to be working for the majority of students. however i am curious if this only applies to my state.

@aliannarodriguez1581

Жыл бұрын

It’s quite easy to drift in that situation though because you no longer have the progressive structure that school provides. You need to be highly disciplined if you want to go that route.

@dallasdominguez2224

Жыл бұрын

I went right to community College after high school because I knew I had no clue what I wanted to do. Took me 2 years in CC to stumble upon a physics class and fall in love with Engineering, another 2 years to finish all my math and physics requirements, then transfered to a uc. I'm now about 6 months out from my bachelor's in Electrical Engineering.

@PHRCpvh

Жыл бұрын

@@dallasdominguez2224 That's a good move

If you're thinking about college or universities, make sure that the degree you choose is worth your money or a student loan. What usually happen is that a student picks a degree thats too popular, like a business or psychology degree, then they graduate but can't find a job that can afford their student loan. Make sure the degree can lend you a good job, such as a finance degree or engineering degree.

@micha-fc8lg

Жыл бұрын

yet millions of people know this and they do it anyways LOL

@jorgemameza

2 ай бұрын

Not everyone wants to be engineer… 🤷‍♂️

@Serizon_

Ай бұрын

@@jorgemameza I agree. Then maybe finance can be the right fit for you? I like both finance and engineering but since I know a lot more generally about engineering and that in finance usually you can just invest in index fund and relax so the degree doesn't make too much sense. So Computer Science is the way to go. But I do agree that unless you're motivated enough / don't like computers enough , you're gonna feel burn out / imposter syndrome. I have created 3 websites (although most are chatgpt made / foss forks or whatever) but I feel very limited by gpt. I want to learn programming to create genuine stuff that people can use like how I use foss stuff in my linux. I want to contribute for the sake of contribution. Some contribute for the sake of money / fame / job. I mean , I want a job but the job isn't the only thing , some people including people I thought were smart just clock in , clock out , learning outside of their job in CS only to get better jobs. They don't care about projects , but I do.

@Straga_Severa

18 күн бұрын

@@jorgemameza Then don't be one. If you want to make art, do it without getting an art degree and pushing you to even more debt.

In Australia, we have to pay a far lower amount. Payments can be deferred until we have reached a certain income level and they can be paid in lump sums or through tax. Thank you for the video.

@dylan7476

Жыл бұрын

HECS is a great scheme, not as good as free tertiary education but still pretty good.

@ihorbond

Жыл бұрын

Not surprised US bankers ripping people off lol kudos to Australia!

@gabepee3533

Жыл бұрын

@@dylan7476 Yea getting a free electrical license is pretty mad.

@m136dalie

Жыл бұрын

@@dylan7476 I'd argue HECS is better than free education since it limits the number of lazy people who aren't interested in actual applying themselves to their education. I say this as someone who's going to be 50k in HECS debt next year.

@journeytothevoid2899

Жыл бұрын

How high are your taxes ?

I'm not in any event kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it, Investing is a long-term game, so I try to focus on the long term.

@allenwilliams5010

Жыл бұрын

I cannot focus on the long run when I ought to be retiring in 4years, you see l've got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/ unstable market doesn't provide any calculated risk opportunities to make profit?

@janellejacob3799

Жыл бұрын

There are a ton of strategies to make tongue wetting profit particularly in a down market, however such advanced trades must be done by proper market experts

@aarondaniels5525

Жыл бұрын

I totally agree, I have been consistent with my profit regardless of the market conditions, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a popular forum, long story short, its been years now and I've gained over $850k following guidance from my investment adviser.

@donalddavis4387

Жыл бұрын

I've been down a ton, I just hold so I can recover, I truly need assistance, who is this investment consultant that guides you

@aarondaniels5525

Жыл бұрын

If that is the case, it would be an innovative suggestion to look out for Financial Advisors like Olivia Maria Lucas who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be vital to weather the storm.

Yes, please convince people to drop college, we need less competition to get paid more later when there's not enough of us 🤣

@youngandbankrupt1101

Жыл бұрын

Engineer here with multiple college degrees (paid for by the military). It’s worth more as toilet paper than on my resume. It’s a piece of paper, won’t set you ahead.

@incognito1427

Жыл бұрын

Just look at your classes and count how many heads are there trying to get in the same field as you. Now multiply by the numbers of colleges worldwide, plus every year new students and yeah all of you guy's/girl's are heading for a really bad ride.

@shaunrosenberg4568

Жыл бұрын

@@youngandbankrupt1101 Yeah. But try getting into that field nowadays without a degree and no experience. You can't do it.

@jordixboy

Жыл бұрын

Im a self taught engineer making 6 figures, getting paid the same or more as my colleagues with degrees. Business dont care if you get shit done lol

@youngandbankrupt1101

Жыл бұрын

@@shaunrosenberg4568 experience trumps all, no one cares about the title. They care if you can do the work. College doesn't teach you how to do the work, in reality its just an exclusive night club you gotta pay to enter.

I work at a university. Most of the students come in for a career change or because they cannot move up the ladder at work without a degree. Ask your Human Resources department if they have educational benefits. Walmart, Target, Taco Bell, Amazon all offer tuition assistance. Sudent loans are not the only option.

I did this math myself out of highschool because the idea of spending tens of thousands of dollars just to get a normal office job didn't make sense to me. I graduated in 2014 when real estate investing was getting big so I figured it would make more sense to spend that money elsewhere. Except there's one factor that can't be avoided. I didn't have the money to invest. I ended up doing community college to get a technical degree and eventually found a job making around $40k a year. My collegues had bachelors degrees and we were doing the same work so i thought i had "won". Until I learned that because I didn't have a 4 year degree I was making $10k-$15k less than my coworkers. I did the math again and realized I should have just bit the bullet and gone to a University after community college because I would have saved years and more importantly the degree was the only thing holding me back from higher pay. The price of the degree is definitely not worth it. I agree if it had been closer to $10k it would make sense, but unfortunately we live in a world where the degree is necessary unless you're willing to leave money on the table. And if you're someone like me and millions of other Americans every cent counts. If you can go to school for free, do it. If you already have $100k to invest before starting school, invest it and do school anyway. Life is hard out here and we need every bit of help we can get. Its not a great situation but unless you got money you don't have a choice.

@mandisaw

Жыл бұрын

I'd just add that the best way to get/complete your degree if you're already working is to find an employer who's willing to pay for it. Or a union job. I work public-sector tech, and the job is paying for my second Masters (I just cover books & some fees). The union also has its own separate reimbursement for folks doing their Bachelor's. Depending on your field, there are also scholarships/fellowships specifically geared towards returning & non-traditional students, who actually make up a large, growing sector of students. I wish more YTers & news outlets would quit talking as though 18yo kids are the only ones making the decision whether or not college is right for them.

@joshbronson3443

Жыл бұрын

I think you're just pointing out how broken the system is. There is no correct answer, there is only a bad choice, or a different bad choice. The 'correct' answer is to be born with money already.

@GeoffreyVonbargen

Жыл бұрын

Not to mention that they do not teach you in high school how to handle money at all. So even if you think you have it figured out which one is going to have better ROI you actually dont. One of my most useful classes in engineering was the incredibly simple and easy engineering econ class. That basically covered one topic. Time value of money. That's really it, that money now is worth more than money later. They also went into details about how to calculate break even points considering things like: time value (inflation or interest if left in a bank/markets), upfront cost, expected maintenece and running costs and more. You can even put it into an equivalent current day value, future day value or monthly value. IT's by far the most important class that SHOULD be taught in highschool. I'd say no one buying a car or house should do so without that understanding.

@hoangle2483

Жыл бұрын

@@joshbronson3443 unfortunately most of us are born with bad handed cards to play. Until there's a way to fix the system, we have to try and make due with what we have. Anything is better than give up.

@stevenroshni1228

Жыл бұрын

@@mandisaw if you have a union job you either make the same as everyone else because of collective bargaining or it's very clearly laid out how much a degree will make you. Public schools teachers have a chart that shows degree level and years of experience per pay grade.

Don’t forget that the additional $650k of income is collected over the course of the career. To compare apples to apples, that extra money should also be going into the market (with admittedly a shorter time in the market than if you put $150k in all at the beginning), narrowing the gap significantly.

@donaldlyons17

Жыл бұрын

How many people have 150K unless they are making about 40K and Up?

@ikotsus2448

Жыл бұрын

I was coming in to write the same thing. I hope you get an answer...

@GoldsPersonal

Жыл бұрын

Not to mention the jobs you're more likely to get are going to have better benefits like more 401k match

@khondakersadman8867

Жыл бұрын

I threw some numbers into a spreadsheet to consider this case. I assumed the following 1. The non-college person earns a wage of $23,000 every year from year 0 to 44 2. The college person earns a wage of $39,250 every year from year 4 to 44. ($39,250 - $23,000 over 40 years equals $650,000) 3. The rate of return is 10% because that's a round number that roughly lines up with the $9.3 million statement. 4. That a person's wealth equals their wage from the previous year plus interest times their wealth from the previous year. Note that this does mean that they're putting all their money into investment; like they're literally not buying food. But it's a starting point and does allow for the college person to put money in all along The conclusion with those assumptions is the college person has about $17 million at the end of the timeline and the non-college person has about $25 million (yes, these numbers are huge, but recall I'm assuming all your income goes to investment). Basically because it's not just the college person who invests their income over the timeline, but also the non-college person. I then adjusted my assumption 4 to say both people have living expenses of $23,000 (the entirety of the non-college person's wage) for their wage-earning years. But this still gave the non-college person a roughly $3 million final edge over the college person. Basically, the interest they earn in the first few years more than covers the difference in wage, so the non-college person is always making more with these assumptions

@opelfrost

Жыл бұрын

​ @Khondaker Sadman how does your final calculation make sense? if the non college person spend every single cent, they can't be investing anything, at the end of 40 years they have zero in asset. how can they have 3 million edge when they are investing 0 every year?

The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

One additional statistics is that your peak earning time is very different. For a university graduate it is around 39 but for someone who hasn't gone it's around 29. So non uni grads typically you seem to plateau very quickly (as was suggested by the video by doing high earning manually labour jobs).

I chose to skip college in order to pursue business. It worked off, I'm 30 and can retire easily. If you have a goal and a plan, it's better to do your own thing.

@jasminecontreras7341

Жыл бұрын

What business did you start?

@happymolecule8894

Жыл бұрын

@@jasminecontreras7341 Property management

Mildly disappointed that college and major quality wasn't analyzed. There's a great paper out there on the topic "Is college worth it? A comprehensive roi analysis"

@future62

Жыл бұрын

"Major quality" sounds like STEM snobbery

@redpillbluepill1188

Жыл бұрын

STEM Superiority

@kevinschultz6091

Жыл бұрын

@@future62 - Well, if we define "worth" as "how much you get paid"....then there's an explicit metric you can use to determine that. If you're defining it more along the lines of "what is the benefit to society" for a given degree....then you're going to have to come up with a different metric than money. And speaking as someone who has a degree in both English and Computer Science (I'm a technical writer) .... the CS part of that opens WAY more doors than the English part.

@masonm600

Жыл бұрын

Meaning departments can be better or worse than overall school quality, same way "college" describes both Ivies and schools struggling for accreditation. Also yes, unless someone has learned how to spin poetry into electicity or shelter in an esoteric theory, STEM degrees will typically have a much better ROI. (A BS in Biology alone doesn't get you much without grad school) But take heart, the same analysis showed that *half* of MBAs have a negative ROI.

@mandisaw

Жыл бұрын

@@masonm600 "Spin poetry into electricity" reminds me of a short story (later novella) where calculus = magic, and a single-mom swordswoman in our world recruits her kid's algebra teacher to join her in fantasyland as a mage.

Right out of high school, my parents had no money saved up for post secondary education. On top of that, I was not sure what I wanted to do. So I decided to work the jobs I was able to get with just a high school diploma: customer service jobs that paid a little above minimum wage. I then became quite technical just purely from having a hobby building computers. And my boyfriend at the time, who was a high school drop out also was very into building computers. Ironically, I was able to get him a job in IT but not for myself. I ended up working in oil and gas for 5 years in decent paying jobs until recession hit in 2015. At that point, I reflected on my last 12 years in the work force with just a high school diploma: it's limiting, you have less opportunities, usually no benefits, and you'll hit a ceiling very quickly unless your talent is with people or business. I was neither a people person or had any good business ideas. So I went back to school for engineering. 6 months after I received my mechanical engineering degree, I got a great job with more benefits than I dreamt of. I can work from home as needed, I am respected and work with intelligent, well tempered peers, my day to day tasks are interesting and challenging. There's unlimited amount of growth available even if I don't want to go into management. But I also have classmates with engineering degrees who didn't get as great of a job... however they're only 22 and by the time they're my age, they'll be making twice what I'm making if they keep at it.

The earlier everyone starts and invests and builds on entrepreneurship, the better it is for all of us. I just left medical school and am making $22,000 a week trading bitcoins

@riggsmartins4033

8 ай бұрын

Hello, how did you do, I was looking for a way to generate passive income

@sarahrafeal6412

8 ай бұрын

I have used the Larry Kent Burton strategy all these years he is very good at what he does you should also try using his trading strategies

@charleyluckey2232

8 ай бұрын

think i came across this name Larry kent burton on my way to work on billboards and his effectiveness how can he be contacted please

@sarahrafeal6412

8 ай бұрын

He's on Instagram ***

@sarahrafeal6412

8 ай бұрын

@ Larry Kent Nick Trading ***

HUGE mistake in this video and frankly, in the mentality that got it there. An issue that is not isolated to America either. College (Or University as most people call it outside of the US) is NOT the only choice after high school. It isn't even that good of a choice for society as a whole. At least the way it has been distorted in the last 40 years. Getting trained or educated in SOMETHING after high school is the key. It doesn't matter if it is a trade or a technical skill such as programming. Simply making yourself more marketable in a thing you are either interested in or willing to do for an extended time is FAR more important. Now, to the comment of distortion I made. For the last 40 or more years, there has been a completely broken culture shift to think that having a bachelors degree or masters or PhD is THE only way to make it in life and that everyone else that doesn't have one or didn't even try, is useless. What this has got us is a massive lack of skilled tradespeople across the whole planet but especially in western nations. If it wasn't for all this effectively, culture shaming (Even more so in Canada and the US) as it relates to post-secondary education and career choices, then there would likely be a far better balance in the different employment categories and even more importantly, a greater deal of general satisfaction with a person's work, life and finances. As for my personal experience moving through life for almost 50 years on this rock, VERY few people I know actually do WHAT they were educated in and are NOT making what they would have in the actual jobs of training, in their settled for job. I am in IT and work with things that no university program teaches as IT skills needed are always way ahead of the curve that Unis keep up with (On average). I do have post-secondary education but it is all very properly focused and done either when it looks like it will be needed or WHEN it will be needed. Because of this, I am FAR ahead of most people I know, in all the metrics that one would try to measure. My son decided to get into construction. He took a year of what you would call trade school and has started his apprenticeship. He is already making significantly more than minimum wage and will be getting further ahead, sooner and being able to afford paying for all the additional steps of education in his trade as each stage of the apprenticeship program comes and goes. This means that not only will he be gaining experience and wages sooner and know if he needs to course correct sooner in life, but that he will NOT have to take out loans for school and therefore save on interest AND eliminate a source of stress in his life. Will everyone's experience in life always be like this? No. However, what I argue for is an end to this obsession with university degrees being THE only way to get a post-secondary education. This has to stop and right now.

@GeoffreyVonbargen

Жыл бұрын

wish we had more apprenticeship like models today. it would work for a lot of things that we currently have degrees for. Feel like electricians, welders, and pluming are about the only fields that still effectively have apprenticeships.

@dave1T

Жыл бұрын

@@GeoffreyVonbargen you wouldn't be respected by majority of society compared to working in tech and finance. People want to flex not weld mental and connect wires.

@daultontemplet4016

Жыл бұрын

@@dave1T that is the whole point of Jason's comment. We have a societal view that white-collar work is virtuous and respectable and that blue-collar work is dirty and terrible. That's why everyone is now pushed to get a college degree. Not for the education itself nor the specific training, just the idea of getting a degree.

@dave1T

Жыл бұрын

@@daultontemplet4016 to gain access to respectable careers lol.

@daultontemplet4016

Жыл бұрын

@@dave1T what are trying to say, man? Why don't you just elaborate on your thoughts rather than throw around vague, abstract criticisms?

People really don’t get that the degree itself is just the start. If you didn’t pick “the right” major or don’t have a willingness to learn or the drive to get better, you won’t earn the money you think you will. People who get law degrees seem to be the worst at this. They think getting the degree and passing the bar is their ticket to wealth. It can be, but more often than not, all they have is an insane amount of debt and a job that doesn’t pay enough to get out of that debt in a reasonable amount of time.

@dave1T

Жыл бұрын

Thank you very much👏🏾👏🏾👏🏾👏🏾

I went into college treating it like an investment and followed through the entire way. Now I’ll be making that $680K in 3 years rather than 40. Major in something useful or don’t major at all is the lesson.

@cryptbeast3222

11 ай бұрын

The problem is that many degrees are useful and needed by society but are way underpaid and treated like they don't matter. It's honestly a short sightedness of general culture rather than degrees being worthless. It's a disaster this is even the common mindset.

@cardplayer2124

11 ай бұрын

@@cryptbeast3222 I disagree. A degree, like anything, is only worth what someone is willing to pay. If society is not willing to pay more than the cost for a degree (adjusted and discounted for time value) it is not useful to society. It means the resources that went into supplying said education should have been allocated elsewhere. Pareto optimality punishing poor choices.

@cryptbeast3222

11 ай бұрын

@@cardplayer2124 Society needs more skills and professionals than what we currently value the most based on pay. Degrees are worth it for the specialized experience and the training for all the jobs needed to run a more advanced society, but also to properly discern real information from false and develop a well rounded mind. From your point of view, our society doesn't need teachers, social workers, many STEM positions in factory work (think quality and bacterial checks in food production for example), environmental clean up crews, people who are trained in running non profits and smaller cooperatives, people who manage and maintain state parks, people who help manage and stabilize various wildlife populations, historians to actually study and teach various societal and political consequences and so on. That society would be very broken and short lived. The huge disparity in pay is mostly because certain industries essentially horde money and over inflate their value. A less predatory society would show a greater increase in pay and general value of many jobs and would essentially spread the wealth from where it's currently pooled. It's not a personal decision thing. It's a sign of a shitty, failing system that needs to be replaced.

@cardplayer2124

11 ай бұрын

@@cryptbeast3222 if society needs more of a skill it pays more for that skill or specialization. For example, there’s a massive shortage of dental hygienists now and wages for dental hygienists are going way up. If wages for a specialization are not going up it’s because it’s not demanded by society or there is enough supply to meet demand (either because there’s too much labor in the specialization, or the job is low skill enough that specialization isn’t required.) literally by definition. Now teachers are an exception because government funded personnel are an exception since theirs no market dynamics to cause pricing to increase. Disparity and pay is not caused by “greedy corporations” or “hording money”. That’s just false. Wages, like all other pricing, is set by the market (the seller and buyer) of the labor.

@cryptbeast3222

11 ай бұрын

@@cardplayer2124 Nope. It hasn't done that for a while. That's why people have to go on strike constantly to force higher wages and better conditions.

Great video. My brother skipped college and started working at a tree removal company. In four years he earned $300k, developed several marketable skills, and bought an investment property. It will take a long time for his friends who went to college to catch up with him

@flowstateentertainment8395

Жыл бұрын

This is a stupid ass comment. Just because a single person did this (a highly motivated individual btw) doesn’t mean it should be said out loud as if many more will follow suit. It’s better for average people to get useful degrees and make an average higher income than if they skipped college. If you want a apples to apples comparison, do you think no one who went to college made 300k+ and bought some property? Of course college kids make it big too via hard work.

@tim..indeed

Жыл бұрын

I doubt he developed skills more marketable than a college degree tho. Also that's an insane entry level wage, most college-skippers won't earn even half of that.

@chrisbowpiloto

Жыл бұрын

@@tim..indeed well he got a commercial drivers license, which is more marketable than most degrees right now. We may live in an unusual area, but his story is not unusual at all

@chrisbowpiloto

Жыл бұрын

@@tim..indeed I should add that it's not really entry level. He applied himself to his job and is already one of the top guys in the company

@nuke___8876

Жыл бұрын

He's the exception, not the mean. This is basically the same as the "Bill Gates dropped out of school!" argument. Good for your bro but for every one of him there are literally thousands of people making 20k a year.

I graduated from the best tech university in Germany (TUM) and payed less than $1k for 6 semesters. The crazy thing is that I don't even speak German and come from a developing country. Most universities are going towards internationalization of the programs so that they can be taught in English and in big cities you can get around fine without learning the German language.

@HrHaakon

Жыл бұрын

So the Germans paid for this so that you could get it and not them. And the government is then going to make it harder for the German tax payers to get these degrees later? Man what a shitty place Germany is.

Here comes everybody to tell you they're super successful bazillionaires and you should do it their way as well

The "investment" return is massively influenced by what degree you choose to pursue. An engineer, doctor, dentist, or lawyer degree will pay for itself many times over. A college graduate with a degree in "Italian Art History" will probably never make enough to pay for their degree.

@mandisaw

Жыл бұрын

You've obviously not seen what museum or private-gallery curators make. I agree that some fields need more than just the Bachelors though.

@wakeCTR

Жыл бұрын

@@mandisaw You are right...I have no idea what curators make :). I used that example because I honestly couldn't think of many jobs which require that sort of training... I'm also assuming the broad demand for an art historian is not as high as it is for a doctor.

@mandisaw

Жыл бұрын

@@wakeCTR The comparable would be between curators and high-end specialists (e.g. surgeons). Fewer jobs, superstar pay at top venues is possible, but more training is required, so the potential debt load is also greater. Similar penalties for not continuing your education all the way, and similar restrictions on where you can work - major cities are your best bet. Also, the network effect of "who you know" is arguably even greater in the humanities than in medicine, but both academia and industry have their issues on that front as well.

@mandisaw

Жыл бұрын

@@wakeCTR Not blaming you for your assumptions though. Unfortunately a lot of HS/college guidance counselors, as well as parents, are just really ignorant of what all the careers are for a given major, and what prep gives you which options, location & internship reqs, etc. One of the benefits of the adjunct setup was that you'd be learning from someone who was working in (or retired from) the field, and so they could help provide some necessary guidance. But adjunct & instructor jobs have become academic Uber - these folks are stringing together like 3-4 jobs to make ends meet, and pay off their own overpriced, underutilized degree. They barely know any more than their students about the current state of the private sector.

@cryora

2 ай бұрын

Well what degree do you have? It seems like everyone who claims the good old STEM/Doctor/Lawyer are the only good investments don't even have degrees in these areas. If I majored in music, I could rival Hans Zimmer. Instead, I pursued a PhD in Physics and am struggling to find a job. Considering joining the Air Force as an officer.

My colleague degree plus graduate degree (which was mandatory for my industry) landed me with about $140k but provided me with a 91% jump in income. I'm in an industry that provides me with a lot of benefits, perks and growth I would not be afforded without the degree. Still sucks I have this much debt but if I'm diligent, I can see it being paid off in 10 years or less. This career path is something I set in motion before I graduated highschool. Many of my peers had no idea what they wanted to do in their early 20s. Some are suffering for it now (with their job prospects and wage) a minority are thriving (mostly the ones that went into some kind of coding/tech job). Not only that, while I may have missed a decade of growth, my current income allows me to invest a lot more than I've ever been able to prior to my college degree. College is still not for everyone. But can provide major upward mobility if done properly.

@flowstateentertainment8395

Жыл бұрын

Exactly. College is an excellent choice (assuming a useful degree) for the average person. To be average with no degree is a death sentence.

@where_is_sauce

Жыл бұрын

@@flowstateentertainment8395 it's not a death sentence, it is worse, it is mediocrity

@bluephoenix8470

Жыл бұрын

What industry and profession are you in? Give us the details.

@jonathanpinkerton4064

3 ай бұрын

@@bluephoenix8470 You see comments like this all the time and most of the time they are fake. People claim it's because of "privacy" but it's because they are lying and don't want people to point it out. Saying something like "I'm a chemical engineer at Proctor & Gamble making $180k a year" isn't going to put anyone's life at risk lol. So people who post like this are just attention seekers or criminals lol.

I’m in the camp of didn’t go to university but worked full time right out of highschool. I got a job at 14 years of age and I knew I didn’t want to go to university when I left highschool because I wasn’t sure what I wanted to study and was smart enough to admit that rather than go into debt and drop out halfway through a degree like heaps of people I’ve known and met. I was able to climb the ladder of the business I work at and between being 18 and being 30 now have earned roughly $850k before tax as well as have $120k in retirement savings and $30k in shares in the company I work for (also have 14 weeks of long service leave saved up for an awesome holiday at some point). I’m now earning well over 6 figures and whilst I have a friend who has a doctorate and walked right into a job earning 25% more than me he’s only just started his retirement saving as a result and doesn’t have all the previous income. At the end of the day if you’re an individual with talent and drive you’ll be successful 9 times out of 10 regardless of which particular route you take.

I changed my mind on what I wanted to do about a year and a half into community college. I flirted with a few ideas on what else I wanted to do, but don't have any particular skills or passions and I'm not brave enough to jump in the deep end of attending a four year without a full gameplan. As it stands right now, I've been doing customer service work for a little over a decade. I have a vague idea that sounds ridiculous to say out loud, but here it goes. I'm sort of considering learning Japanese to help those moving to Japan with translations. My current job deals with working for my state's various agencies, and in just the six months I've been here, I've learned a ton of things about the backend of those agencies. No, it won't be a 1:1 comparison with Japan, but it's helped me get more in the mindset of how bureaucracy works and if I can help others navigate that a little, that sounds cool. I do realize though that as one who is very introverted, I'm pretty much piling a hell of a lot on my plate with that, lol. There's also the question of staying here in the U.S. or moving to Japan. Do I do the job as a one-woman army or hire employees? I do not want to work for a Japanese company...I thank the plethora of KZreadrs living in the country for warning how bad of an idea that usually turns out to be if you're from a country that rewards its employees based on merit based, whereas Japan doesn't (age seems to be the biggest factor determined for climbing the corporate ladder). I'm still thinking all of this over, but if I'm to take this serious, I do need to get my ass off KZread and start studying 😅

@jerryloncey

Жыл бұрын

Start it as a one-woman army and then get employees when you the demand is high. You have to validate your business idea first before you make that move and the best way to that is to offer the services (as a Side Hustle while keeping your job). If people are actually willing to pay for it, you can then determine how much would be reasonable to charge and how much would let you quit your job to start. From there, you can then start looking into scaling it by getting more customers and hiring employees to serve them. Hope this helps.

@BewareTheLilyOfTheValley

Жыл бұрын

@@jerryloncey Yeah, I wouldn't jump in cold-turkey with quitting my job, lol. I'd start small with probably just translating for other things that aren't serious first and then gradually move up and as you said, test the waters regarding demand.

I went to community college and as cheesy as it sounds, for me it had a benefit that money couldn't give. I went for an Associate's of Science Degree and I now have a better understanding of the world around me than any KZread video could ever give me. I've also always struggled with reading my whole life but my English requirements taught me that I can read for fun and enjoy it so I now have a new hobby.

I always say, unless u need credentials like doctors or lawyers do, either self teach and get in that way or do literally anything else. Or least go to a cheap college

@GeoffreyVonbargen

Жыл бұрын

Engineers are in that bucket too. Least if they touch anything in the private sector (It's almost impossible to get a license without graduating from an ABET certified college). Yes to cheep college, but with a caveat. Folk need to be very careful with cheap colleges. The cheap college wants you there (unfortunately) and they aren't always great about explaining that they aren't certified, or what classes will ACTUALLY transfer when you try to make the jump to a college that is certified. I lost half a year because of transfer credit issues, my cousin has a much less useful degree because his college wasn't ABET certified.

most important reason of going to a great college is to meet people who will be successful in life and make connection with them. its almost impossible to be successful without help.

@mandisaw

Жыл бұрын

Networking is a massive part of the benefit of university - harder to put a dollar-value on that though. The personal growth from education and broad experience are similarly hard to quantify, but invaluable.

@ivr2132

Жыл бұрын

Not necessarily, it's not that hard to do networking on your own, the thing is that most people don't even try

@cryora

2 ай бұрын

Networking in college is hit or miss. If you go to a professional networking event, you could network with people already out there making things happen. College is great for trying out a bunch of sports and hobbies though. Sure, that costs money, but now you have a network of people who are in shape and adventurous. Collegiate athletes are also probably the most in-shape demographic out there barring professional athletes, the latter whom you'll have a much harder time networking with.

College is an excellent choice, if you're going to go into a certain area. Chief of these are medicine, engineering, academia, accounting, and law.

@edheldude

Жыл бұрын

You need a university degree for accounting in the US?

@ethanl868

Жыл бұрын

@@edheldude Perhaps not - actually with almost anything you can supplement it with work experience and get the certifications later. But boy oh boy are you going to struggle finding a position that will take you without a degree nowadays to even get that work experience to start out with.

The 3.5% return on a college education at 2:47 is understated. The ROI calculation assumes a bullet payment of the additional life time earnings upon retirement. This understates the ROI because the additional income would, in reality, have been phased over the entire career, allowing for re-investment for the remaining working years.

I think the reason why people don’t pay much attention to the investment in college is because their options are much more limited the investment is much more personal and they are still young so picking colleges based on looks or sports team isn’t actually that bad

"Unless you went and got yourself a finance degree, in which case you'll be qualified to conduct your own research and assign your own multiple accordingly" Ok I will 🤣

Lol in this job market where too many industries are finding ways to pay you poverty wages, do you really want to go risk it? In this housing market where you won't be able to get your own apartment on most places on minimum wage. Do you really want to risk it? And let's not even talk about the fact that you probably won't be able to put a dime away for savings because you are living hand to mouth. Like not to break your soul but you are probably better off aspiring for a 9-5.

@donaldlyons17

Жыл бұрын

That likely depends on the prices. I only say that because I could live easy on 12$ an hour in 2008-2010 but by 2013 it was not so easy. Now that is too poor to live altogether!!!

I was very fortunate. I received the IHS scholarship - which paid for my entire doctorate and paid me $21k a year to live on the entire 7 years. Most of my classmates had $150-200k in debt. Only a time commitment for repayment.

I think some people also focus on degrees too much. Two design students can pursue the same bachelors degree, take similar classes, and one may end up making 30k a year while the other makes 6 figures. It depends a lot on a ton of other stuff like what opportunities interest you after you get your degree, your luck in the job market, your willingness to change career direction, etc.

Here's how I approached this college dilemma. 1) I studied a trade (Information Technology) at High School and got a chief engineering technician diploma. This is a high demand skill that makes it very easy to find well paid jobs here and abroad. 2) I opted to go abroad as in my country (Italy) paychecks are extremely low for new graduates - I decided to head to Switzerland for 2 years to max my savings as much as possible, gain good skills and a great resume entry 3) I came back to Italy after those 2 years and landed a full time paid position as an engineer - In the meantime, I started to study fully online for my bachelor of science PART-TIME (this means I can have a balanced approach to life committments, work and study, while reducing yearly expenses and maximising gains while also pursuing a good education) Personally, I think online degrees with flexible schedules are the way to go in this day and age :) Sure, you miss on the social aspect of college, but it's a 50k - 100k hole in your pocket VS a balanced life that you can manage the way you see fit! Hope it helps!

To anybody who's reading this, I pray that whatever is hurting you or whatever you are constantly stressing about gets better. May the dark thoughts, the overthinking, and the doubt exit your mind. May clarity replace confusion. May peace and calmness fill your life.

I work full time and am getting a degree applicable to my current job. It is completely covered by my employer. Win win, they get more value, I get more value, and ultimately better exit options

I am 40 now with no assets in my name, except for two masters and vast assortment of professional certifications. I have friends who spent their time accumulating properties and then get with divorce where half of those properties got "stolen" and now they are depressed af. If my wife woke up tomorrow and asked for a divorce, I'd sign it gladly. I think that is the advantage of investing in yourself instead of external assets that can be taken away. Tomorrow I am going to enroll in an MBA. Life is good!

The more I think about college, the angrier I get. I thought I was being smart by choosing an economics degree. I couldn't get a job (this was the great recession), so I went and got an MBA in finance. I ended up getting a vaguely type accounting job, but I hated it and quit after a year and a half. But then I couldn't a job with my MBA. I now have an unrelated job. It feels like I ruined my life despite doing everything I was supposed to (go to college, pick a good major, get an advanced degree if necessary, etc.).

@mandisaw

Жыл бұрын

The recession hit everyone, it f*ckin sucked. I was out of work for 5yrs. That said, a degree is not a Willy Wonka golden ticket. 1- If you hate the field, it's bound to show in your work, and affect any possibility of advancement. Ideally, you would've sampled finance before committing to an MBA. 2- MBA programs are not all equal. A big part of the value is in the networking, both with your classmates and the alumni. Unfortunately, Finance is very much a "who you know > what you know" field, so even if you were a solid student, if it was a no-name school, or you otherwise didn't / couldn't pull the benefit of a great professional network, the degree alone just isn't going to pay off. These are things better counseling could help with, either when graduating HS, or during college, but again, not all schools provide these resources.

@kimjongtheillest5104

Жыл бұрын

I got so much criticism for this, but I am so glad I chose for a fine arts degree. Many peers who studied law, economics or even architecture who end up in low paying jobs. I didn’t get rich from it either but at least I found great personal value and development in my arts degree. The jobs that I do are not high paying, but at least they are fulfilling. Like teaching and tutoring people of any age, social work related jobs to even art therapy related jobs. Then again, the cost of college is very low where I come from.

@izzuddinmnasir4884

Жыл бұрын

Same here

@forestreee

Жыл бұрын

@@kimjongtheillest5104 The last sentence is the key. An art degree is good if you don’t wanna make 6 figures and if college is cheap. But for most of us watching this video, Americans and Non - Americans alike, an art degree will likely make us homeless, or in a low - paying job at best. Americans have to pay their loans. I’m from a 3rd world country, and even if my parents are funding my college, I have to earn and keep them and myself fed and housed. You’re incredibly lucky to be born in a place where you can get an art degree and live a fulfilling and comfortable life my friend.

@mandisaw

Жыл бұрын

@@forestreee It's a societal decision though. Arts, music, history, etc are things that any society ought to promote, once the basics of survival are secured. It totally used to be possible in the US to be an artist or musician - often they had a side gig, like teaching/tutoring, or they worked in something steady & commercial, like advertising. Telling everyone to learn to code or become an enginner isn't going to work - some people hate it, some are bad at it, and we could never employ all of them anyway. Better to just allow folks who are talented at something else to do that thing, but also be able to make a living wage.

The initial analysis is flawed, because college graduates don't get a 650k lump sum at the end of their 40-year career. If you assume that they invest the excess income they earn each year over someone who didn't go to college ($16,250), this amount would accumulate to $10.1M by the end of 40 years. This beats the $9.3M you'd make by investing the $150k lump sum in the market instead of going to college.

@donaldlyons17

Жыл бұрын

Yep and then their is another problem. More often than not people I worked with no specialist skills made more than all of us with specialist skills year over year so the same behaviors with different math made a huge difference!!! The issue is which is more likely to lead to better options?

This is an amazing video. A GREAT perspective on college in this day and age.

I laugh in German. Never heard of apprenticeship? We call that Ausbildung and it‘s actually what the majority in our country does after school: A usually 3 year long trainee program by the company of your choice that teaches you relevant key competences on the job while you are getting paid. After 3 years you‘ve got a reputable title. No uni needed unless you wanna learn something very specific.

Respect for the scenes from ,,Accepted" In my country (Poland) higher education is 100% state funded.

@user-xq6xu3fo8c

2 ай бұрын

It’s also the case in most Pakistani universities

Jeez, university was stressful enough and its benefits dubious enough without worrying about paying for it. I've only really started worrying about money and jobs in the last year of the university. I can't imagine the stress put on American high schoolers.

I went the skilled trades route, joined the IBEW and I'm making more than a lot of college grads, better benefits, and no loan debt

Recessions are part of the economic cycle, all you do is make sure you are prepared and plan accordingly. I graduated in a recession (2009).My 1st job after college was aerial acrobatics on cruise ships. Today I am a VP at a global company, own 3 rental properties, have invested in stocks and biz, built my own business, and my net worth has increased by $498k in the last 4 years. All thanks to the woman you recommend, happy living.....

Good video!!! Very engaging... With the current market situation, the best investment one can make right now is to invest in the Forex market, although stocks are good, but since I switched to Forex, I 've seen so much difference in my finances

@sofialeonardo8777

Жыл бұрын

Inflation is killing my budget and my salary. I can no longer invest in the financial market and it seems that I will have to sell all my risky assets to keep my head above water. What's the best advice right now?

@julianmark8866

Жыл бұрын

Investing in risky assets (stocks, crypto, forex, etc.) is easier with professional advice, especially an investment advisor, it really helps reduce the risk of incurring losses

@julianmark8866

Жыл бұрын

I had this experience during the last downturn and I thought I had lost everything but thanks to Ms. Jennifer Marie Ferguson who is my financial advisor, I recovered all my losses.

@julianmark8866

Жыл бұрын

Stop managing your portfolio and write to her while you keep losing money, she's a trading pro. It will help you win passively.

@luigielliot2799

Жыл бұрын

With everything going on right now, the best decision is to have a profitable investment strategy. Stocks and crypto are good, but forex is the best.

I was looking into college when I graduated at 16, but the govt. would have only covered like 14K, and we were financially not well. I didn't know if I'd be able to pull of working full time and going to school when I was 16, and I didn't want to take loans and end up making things harder for my family. So I ended up not going, but in retrospect, I still don't regret it, but I'll admit it was a bit frustrating at the time.

Great way to cover all perspectives

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.

@OlicMichael

Ай бұрын

yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too

@Dukaamoses

Ай бұрын

Hello, I’m 37 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.

@RagnarKennethson

Ай бұрын

wanted to trade, but I got discouraged with the market price fluctuations

@RagnarKennethson

Ай бұрын

Can you recommend a guide for me?

@FatimahSadiq-nh5ue

Ай бұрын

Haven't you heard of Expert Chrissy Barymoer ?He gives excellent guide on the right stock with high dividend

I just seriously calculated my college expense and return vs investment.... Turns out, at least for me, the college degree gives far better value, thanks to no-tuition fee in Germany. So I concluded I will be pursuing the degree, but I have investment on my mind as a side quest

@boncoderz1430

11 ай бұрын

How does one do that? I'm 17 and going to be joining a college next year, I have no clue about such things. Where do I begin?

@mushfiqurrahman1107

11 ай бұрын

@@boncoderz1430 begin with what?

@cryora

2 ай бұрын

@@boncoderz1430Unless you got money, you can't invest. But you can create an investment account and put a little in just to learn and have something established for when the real money comes in.

If you have $150k to invest at 18 then yeah…no shit you don’t need a degree. Nobody is in that situation.

@donaldlyons17

Жыл бұрын

Yeah it is super rare. I only know one person who was in that situation and their parent owns McDonalds so you know his management is working poor for sure!!!!

Sadly I pissed away my college experience. Graduated from Ole Miss with a General Studies degree, developed no study skills, followed my friends around, didn’t want to apply myself for a more mainstream degree. Just treated it all like high school for 20-year-olds believing I would one day wake up and have an idea for what I want to do with myself to make all the money possible. Nope, didn’t happen. I wasn’t curious enough, and I’m paying for my mediocrity with a mediocre job. Now here I am as a personal assistant to a Honda service manager in Georgia and making 17/hr, regretting not taking my further education more seriously and being able to more comfortably provide for my family. I make just enough to pay all my bills and get gas but that’s it…And I know I was supposed to be so much better than that.

Could we talk about the irony of talking about competent people while having "Goldman Sachs" playing at 7:30 in the background.

I'd already been working when I finally decided to drop out of college, and I've been able to get by on work experience. Thankfully managed to spend less than $5k on student loans so it took very little time to pay off.

I have a few comments and questions: 1. Where did you get the number of $150,000 to go to college? I went to a Big Ten public university and it did not cost me that much over 5 1/2 years to get 2 degrees, a Bachelor of Science STEM degree and a BA in a language. That was in 2012 and tuition has risen but not at a rate of $40,000 annually. The $150,000 is well over average tuition costs in the United States. 2. Was the $150,000 calculated with only private universities in mind? 3. If you have no skills and only a high school diploma or you are a dropout it's easier to get stuck in a dead-end job. If that's the case and if you don't live in a cheap area or don't have family support positioning yourself to be in a career where you can save money to invest is more difficult and in some cases impossible. 4. The critical thinking skills and different disciplines one learns in college give people in the workforce options to apply interdisciplinary skills and change jobs more easily than for many people without college degrees. One can easily look at the state of Michigan and especially the city of Detroit in the early 2000s to see the impact of jobs leaving that people held for years where a college degree wasn't required. People couldn't adapt their old specialized manufacturing skills easily and there was an terrible economic slump that lasted a decade. 5. In my opinion, many of your conclusions tend to fit people that come from a place of privilege. Universities are often a game changer for generational wealth to people of color and their families. It tends to open opportunities not otherwise available. If somebody from the hood goes to campus he or she will generally benefit from proximity of being near people of different economic class status. This is the same for many of the middle class too. Does everybody need a college degree? No. That doesn't mean that just investing your money is a better investment though. You have to have the money in the first place. Being motivated is irrelevant if you aren't in a position to gain the skills that you need.

@qillerr_yt

4 ай бұрын

Did you go to university to learn how to speak word salad? Lol

@cryora

2 ай бұрын

Yeah $150k is like the worst case scenario. Private university, all loans for 4 years. Of course an even worse scenario is if you fail classes and have to retake them and have to pay for the extra tuition. Or if you continue into a graduate or professional program and have to pay full tuition out of pocket. I wouldn't take on that much debt even for a medical or law degree or engineering degree. Unless you are confident that you are a competent and diligent individual who will succeed in your classes, there's too much risk of things going wrong along the way. Community college + transfer + financial aid is the way to go. Military benefits if you have them and are alive (for example, you weren't deployed during the Afghanistan pull-out or in the base at Jordan that got drone attacked).

In the Netherlands you can take a loan with 0% interest and tuition is only 8k.

Yes, I keep saying it - if you want more money, just invest in something that makes more money. Not yourself. You don't want to be the one who makes money 9/5 until 65.

I'd be interested in hearing about advanced degrees. Choosing to get a masters or doctorate is complicated as well.

@Talonidas7403

Жыл бұрын

Those (in msot cases) are a waste IMO. BA, BS, etc, degrees get your foot in the door, masters are only for academia.

@veggiedumplinn

Жыл бұрын

@@Talonidas7403 and tons of clinical healthcare careers

@lmvr127

Жыл бұрын

@@Talonidas7403 it’s sometimes needed in STEM as some engineering MS degrees offer specializations

@cryptbeast3222

11 ай бұрын

@@Talonidas7403 A lot of stem degrees won't do anything without a masters.

@Talonidas7403

11 ай бұрын

@@cryptbeast3222 There are some areas you can't enter without a masters (ex: AI) but the vast majority of STEM degrees can get you a career with an undergrad.

You forgot the most important thing. Where does the $150k for college come from? For your comparison to make sense you have to already have $150k. But if you don't it completely breaks down. You can't borrow $150k for stocks and if you could mortgage a stock like that you'd still have to pay the monthly payments. If you sell part of your investments each month to pay it down your return on investment may actually be negative depending on what the stock market does when you first invest. Since the only impact for most people is the monthly payments it makes more sense to look at your average monthly income less student loan payments vs your average monthly income without a college degree.

Remember when higher learning was for people seeking knowledge in order for them to pursue their dreams. Now it's seen as a prerequisite to get a job.

The main problem with office jobs is while the pay is good, the stress eventually makes your body constantly sick so you constantly end up paying with your salary for those medical bills. Manual labor is even worse, you'd be lucky if your body doesn't break down completely by age 40.

I go to school in Atlanta, Georgia (University is #1 in country for my major). The Hope Scholarship pays for almost all my college costs. I never understood why people pay to go to school. I've actually been paid to go to school for the past 2 years thanks to additional federal aid.

@Amir-jn5mo

Жыл бұрын

simple. I graduated last year from my university and i still dont understand how scholarships work. I didn't really have anyone explain to me how to get one.

@BPFACTS88

Жыл бұрын

@@Amir-jn5mo how about using Google?

@johnbinek1142

Жыл бұрын

@@Amir-jn5mo Hope is automatic for Georgia residents.

@youngandbankrupt1101

Жыл бұрын

Didn’t have this in California, got my college paid for by the military. Consider yourself lucky. Don’t get some terrible degree while you have this opportunity.

@johnbinek1142

Жыл бұрын

@@youngandbankrupt1101 I'm also a Veteran, so I'll have the GI Bill (Haven't touched yet) for my grad school. Which again is another thing many people can do, but choose not to because, "Military Bad".

For me, anything can be a good investment if you put effort into it. The problem with most people is that they think possessing a degree certificate is good enough. When what really makes your degree certificate valuable is what you do while you were studying. Getting 1st place in a robotics competition, awarded for best team in a uni championship league, achieving Dean's list for your exams, volunteer in community service programs, intern for a multinational company. Your degree certificate means nothing if your biggest achievement in that 3-4 years is just finally getting the scroll during your convocation.

@noneofyourbusiness4830

Жыл бұрын

But possessing a degree certificate used to be enough in USA. Before somewhere around 1980s. Right?

@cryora

2 ай бұрын

Except those things mentioned have nothing to do with your degree certificate, except maybe Dean's list. Those are independent accomplishments that you could do without the degree. But depending on the job you apply for, your degree may matter more than say volunteering for community service, or winning a collegiate sports championship. Nice to have, but not what employers need for their business.

I LOVE all the clips from Accepted in this one lol I thought I was the only person who remembered that movie

The price of college doesn't make me nearly as mad as the fact that basic personal finance isn't a necessity in every single highschool in America. How tf are kids expected to figure out if college is worth the tuition if they don't have an inkling of an idea as to how money works.

There is one huge factor you are not considering comparing a college degree with passive stock investments Stocks will return you a lot more in total, but it will do this exponentially, meaning that the vast majority of the money it will make you will get to you very close to retirement A college degree will not have any compound interest working for it, meaning that it will return a much more linear stream of income, which means you will get a lot more money early on in your life Some of those extra money can then be invested to generate additional income.. so your figure of about 3.5% return per year is a bit misleading, because it’s not comparable to a portfolio returning 3.5% every year, it’s actually much better Edit: Ok you do mention something like that at the very end

@octaviovilchez3096

Жыл бұрын

What if I told you that you can get a promotion a lot of times in your career? or what if I told you that you can make a business with all the information you gathered along the years of study and work. Yup College is for ambitious people, if you paid for College to don't pay attention to class then you are done.

@jherc12990

Жыл бұрын

The biggest driver for building wealth is your income and is tied to basically investing in yourself and getting the education. Over a lifetime for a college graduate with a high income they have more disposable income to invest than someone who didn’t graduate.

@TheButtman420

Жыл бұрын

@@jherc12990yes sir! This comparison of college to investing is retarded. They keep failing to mention the earnings side of things. If you don’t go to college your earnings potential is much much lower and then you can’t invest nearly as much if at all.

For me the kind job itself was the most important. I've had shit jobs. So I studied. No regrets. I can work from home 2 days each week, I have flexible hours, if I need a day off for whatever reason it's usually not a problem, I can take a shit whenever I want, my bosses and employers treat me with at least some amount of respect and since I've only worked for large industrial companies so far, it's been extremely chill while having fairly good benifits. Also, the job is, at least sometimes, fairly intresting. And when it's not I can usually put on a podcast and do the braindead bullshit. But I'm lucky enough to actually have some intrest in engineering, so I could study something that would actually give me a job I was somewhat interested in.

@mandisaw

Жыл бұрын

This. The pandemic writ-large a key difference between those with flexibility in their jobs - WFH, PTO, care for family, or just do self-care/mental-health, and those without. The trades pay well, particularly if you are in a union job, in a Labor-friendly State, but there's a lot less flexibility there, and it can translate to more stress and less ability to do the important stuff.

@chrisjohnson3967

Жыл бұрын

@@mandisaw The trades suck. Anyone who tells you otherwise is lying. Trust me, no one wants to wake up on a freezing cold morning to go work outside or fix a heating system. We should be kissing the feet of tradesman/tradeswomen. I worked in the trades for close to 12 years. Easily the hard road. Went to college and got the cushiest, highest paying job I could’ve ever imagined.

@mandisaw

Жыл бұрын

@@chrisjohnson3967 Oh no question. Worked with trades ppl in property mgmt for years, and ended up working with them a bunch again at my current job. Great guys [still mostly guys, although a woman friend of mine is a welder!]. My brother's a carpenter - goes to college nights & weekends so that he can move up & out. He had to show up & deal with the public, take more Covid risks, etc while my sister & I got to WFH, it's really not fair.

@chrisjohnson3967

Жыл бұрын

@@mandisaw Yea it’s pretty hilarious whenever I hear either the news or other public figures saying things like, “with everyone working from home now….” Etc etc, or “we’ve been in lockdown for…..” etc etc. Yea, everyone is working for home except the millions of essential workers. Also, I always say that there was no lockdown because I went to work each day through the pandemic. You’re 100% correct, there’s a very clear difference and a large gap in how the WFH crowd and the essential crowd is treated on a regular basis. It’s not good, thank you for noticing. You are clearly not a selfish person.

@mandisaw

Жыл бұрын

@@chrisjohnson3967 "Thanks for not being an asshole" - it's a shame this is a thing that needs to be said these days, but I'll take it :) I'm in a union, and was advocating for WFH across the board pre-pandemic, including for the Facilities staff. My argument was that every job entails some kind of admin work that could be someone's at-home duties, or alternately, folks who can't WFH can have greater shift flexibility. If you've gotta pick up your kid early, or take a relative to the doctor, that should be something your workplace should be able to accommodate, no matter your title. Here we are now, almost 6yrs later, and finally the higher-ups are seriously considering working it into our contract. Progress!

I just wish that degrees were like buying cars, you take out the loan - and the degree is yours (you just jave to take the tests and prove your skills... i.e. the driving test)

I'm glad I didn't leave my comment until the end of the video. he addressed my concerns of young people not being able to obtain 150k via any way except for through educational loans

Don’t forget about the status. One of the main reasons people want a college degree is to show they have them.

We must not forget that a lot of college degrees...well, not helping much. Sure, most trades requiring a college degree pay well, like engineering, medicine, law, the classics. But there's also those degrees which are either oversaturated or just not made for any specific job in mind. A good example are psych students in my home country. There are so many of them that finding a good job is almost impossible. If we would trim out unnecesarry college courses, the pay gap would be much bigger.

@mandisaw

Жыл бұрын

What country, if I might ask? Psychology is generally taken as pre-law, or it can be combined with higher degrees for careers in social work, psychiatry, etc. Have also heard of people doing psych and going into law enforcement, incl at the Federal level, although there are some newer dedicated majors for that (criminal justice, forensic accounting, etc).

I’m 62 a month away from retirement. I was never good in school but I learned a trade. I went to a 2 year program to become a licensed aircraft tech. Even the most expensive program is way less than a 4 year degree. Today the airlines are desparate for more techs. My airline is currently starting at 40/hr with a 75k signing bonus. Top scale is currently 60 plus/hr depending on classification. I’m not super smart but I turned out ok.

Honestly, very much depends on where you study, what you study and how you go about it. Also you probably need some expectation management for how your career will develop with your specific education. Different industries and even different sectors of an industry look for completely different competences and skills, same for the type of business you’re applying to. In my experience, big companies usually put more emphasis on higher education than small businesses and startups. But college is also not the only path for further education, vocational schools and specialized training courses are still a thing in a lot of countries. It really depends though where you want to go and what kind of work environment you’ll be dealing with.

The way that different countries handle tertiary tuition is interesting. In the US it is seen as a private investment but in Australia its treated as a public investment that can benefit the wider economy, hence less cost to the individual.

@martin1069

Жыл бұрын

Yes and the best part is that the individual is allowed to build themselves up by having their taxes go towards their student loan

this is some material i will be sharing with my niece, nephew and children one day lol

@shaunrosenberg4568

Жыл бұрын

But it only makes sense if you already have $150k and can't take out student loans. And if they can't get a high paying job without the degree it will basically just screw them over.

@dapras

Жыл бұрын

@@shaunrosenberg4568 it's the point of giving them the option, something to think about... In the video it explains you have to approach school like stock options. Generally most kids just go to school because their parents told them to.....no direction or focus even if they love to do said career

@shaunrosenberg4568

Жыл бұрын

@@dapras Yeah, but they still need something to make decent money unless they just plan on living with their parents until their stocks kick in. Trade school vs college is a good option. But just having $150k and deciding to leach off of other people for half of your life vs going to college is not.

9:15 Boom! Life isn't an rpg game, and every choice matters. BUT, if you're young and have an idea vs college, you have an opportunity to try it, fail, and go to college later when you're done experimenting. What you lose out on is the experience of being young in college. But you gain both knowledge and experience in building on your own.

This is why the system in the UK is so good. Theoretically it’s very expensive but in reality, the “borrowing” does not count as debt and isn’t factored into your credit score. Payments against the debt are more like a graduate contribution system and are taken by PAYE alongside tax and NI. You only start making these payments once you start making a reasonable income and any debt is written off after a certain amount of time. So basically, if you go to university and for whatever reason it just doesn’t work out or lead to a good career, it doesn’t really matter to much. Not financially at least.

Too much talking. Basically, he says that buying a house is better than paying for a degree, but provides no evidence. And it takes too much of useless generic talking to get to the point

Dangerous stuff, encouraging folks to not go to college. I get the points you made, but we do need folks with an understanding of chemistry, physics, engineering. I went to state school, worked ~32 hours a week through school, got a chemistry degree, and am now a DNA analyst making ~125,000. I could definitely have made more doing something else, but there are really not a lot of people with the required education to do what I do. We need to help set up these accounts for folks when they are young so they don't have to worry later, but also give them something to do that matters, otherwise we will be living in trust fund baby hell in the future.

@thebeatles9

Жыл бұрын

America will continue to go further into the future and we need professionals who will keep pushing the country forward. Most folks I know are generally unhappy / would quit their job if they won the lottery. This is a failure of a system, where everyone should be able to find meaningful work to them. Technology is the solution. We get there by having an educated population. I don't think any other major country is telling their children that it's "OK" to not go to school. The main reason people in US don't go to school is because of the cost. Virtually every American would benefit from taking at least one year of college, but the awful HS system burns most out on education.

@bigkev9539

Жыл бұрын

*Most college students don't go into these fields though.*

@shaunrosenberg4568

Жыл бұрын

Especially considering the really bad logic in this video as it only makes sense if you already have $150k and you can't take out loans for college. Both of those need to be true for this scenario to make sense.

@donaldlyons17

Жыл бұрын

@@shaunrosenberg4568 Yeah and I am glad you said this because so many seem to not realize 150K is so much many in their 40's,50's,60's only have about twice that in total net worth.

@christianp5486

Жыл бұрын

I earn that without a degree, but I'm sure you'd still have an easier time getting matches on a dating app just because of the status of your job.

This needs to be talked about more. I debated about going back to school a couple years ago, and after doing the math... It just wasn't worth it. Yes, it could potentially double my income over a 4 year period, but it would also mean stopping investments and earning less and taking on more debt during those 4 years. Continuing to work, and investing as much as possible during that 4 year period vs getting the higher income and higher debt to pay off which would delay investments further... It would barely break even by retirement. And in those remaining work years I would have more stress,more hours worked, and more expectations... All to break even. So that was a big nope. If I was younger, or if I already had the money for college and didn't have to go into debt for it, or my life situation was different where it wasn't a work or school situation, then it would vastly change the math on all that. But as things stand, it doesn't make sense. For my kids, I want them to get some form of education. Be it certs, or a degree, or skill training, I value education, and as we are putting some money aside for their education, they shouldn't need to take on much of any debt to pursue it. However, I'm also going to suggest that they not go into school directly out of college. If they work full time, and invest at least half of their gross income, then I am more than happy to have them stay at home rent free for the first 5 years out of high school. Get a little work experience, save up for a car, get some investments behind them, and figure out a direction in life. Then once they have an idea of what they want their life to look like, go to school and mom and dad will help with education fees towards something that they want to do for a career. But investing half of their income or more during those first few years can give them a huge safety net and passive income so that they are less dependant on their career for their livelihood. And that is a lesson I learned far too late in life. If my income is dependant on my work,then I am going to grow to dispose my work, which is going to slow down my ability to learn and grow and move up in the work place. If I am working because I want to work, then I am a much happier and fulfilled person who is far more effective.

My country has many, many issues that hinders it growth and development, mostly caused by its citizens (as in any other country, the reason for most issues are). But one of the best things is that it has free university, and even the private ones offers various paying methods to allow people to get a higher education. And some of our universities are inside the top 100 and even 50 best of the world (which doesnt sound so incredible, but considering the millions of universities worldwide, a public university with such quality is really crazy).

I did the math and was planning on putting my college money into the stock market. I'm glad I did go, but I know I could have been successful without it. I also got through pretty cheaply.

@AlejandroGonzalez-wo5fk

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Very risky and very stressful

Plus, your portfolio doesn’t give you health insurance, etc… a surprisingly expensive part of life (especially if you get cancer, have a catastrophic illness, or chronic disease at some point in your life)

@mandisaw

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This needs to be a bigger piece of the equation. Also security - with education & skills/experience, you can weather almost any market downturn [luck helps!]. But trusting your fate to the whims of the market... talk about a high-pucker situation.

in 2012 i took my loans and grants and used them to live. i only passed the classes i felt like going to. i was in flint mi and went to mcc.