Better off as a plumber?

Is the value of an education reaching "not worth it" levels?

  • Yes. It is one big ego trip and many jobs pay well with minimal education.

    Votes: 61 52.6%

  • No. Even at current costs it is still worth it many times over.

    Votes: 26 22.4%

  • I don't know.

    Votes: 9 7.8%

  • I don't care.

    Votes: 20 17.2%
  • Total voters
    116
Quote from nitro:

There has been study after study that shows that higher education makes you way more money over the long term:

"Lifetime Earnings Soar with Education"

http://usgovinfo.about.com/od/moneymatters/a/edandearnings.htm
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Yes. This is the story about a kid who dropped out of engineering class after the first year. Got married, took on a job, started a bunch of businesses. He's now retired at 31 with 1.8 Million net worth. Imagine that! Retired at 31!

http://www.milliondollarjourney.com/retired-at-31-an-early-retirement-story.htm
 
Quote from i_c_fed_people:

Do you know what his companies did?
Wish I had my own business....
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Don't know. All he said was his first business was a "hunch" (ie. he decided to put down $3K to start a website selling "something" to Americans).

He saved cash of course, paying himself only enough to feed his family. He took some of the cash to open up a restaurant. Then used the cash from the first restaurant to open up a second.

Thus, a decade later, he had: 1 online business, 2 restaurants. All of which gave him his current networth.

And -- imagine that! None of his businesses "failed". 80% of all startups fail afte 5 years... yeah right. John's three businesses all still standing after 10 years.
 
In case anyone else was wondering, The companies were an e-commerce retailer, two franchised quick service restaurants and a brick/mortar specialty retailer.
 
Quote from stockstalkerv3:

Proves my point. You've never been rich. Poor ppl are afraid of using that word.


Timmy: Hey Mr., you're really wealthy aren't you?

(Think he's going to be impressed?)

On the other hand:

Timy: Hey Mr., you're really rich aren't you?

(Now you're talking).

------------------------------------

Wealth means you're meausring someone by their bank account. Rich means all that and more! Someone could be wealthy, but deep down inside they feel poor as a beggar. Then, there are ppl who are both rich on the inside and outside.
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Wow, you are -way- off.

Something that ALL wealthy people learn at boarding school is that you do not measure bank accounts, but rather penis size.

Only the most elite inner circle, however, are in on ALL the secrets. To get invited to the measuring club you must first know the hand-shake.

Yet here is the problem for the plebes... Wealthy, RICH people are just BORN with the knowledge. If you do not know the hand shake, you never will... You will forever be excluded and judged a pion by those in the know... Those who form the inner circle rich man's penis measuring society (...and not just materially, but also spiritually, sexually, morally, i.e... those with the ultimate inner-game rich man's mojo).

By the way retiring at 31 on 1.8 million... U are too funny.

What are you, 18 yrs old?
 
Quote from 1prometheus:

Wow, you are -way- off.

Something that ALL wealthy people learn at boarding school is that you do not measure bank accounts, but rather penis size.

Only the most elite inner circle, however, are in on ALL the secrets. To get invited to the measuring club you must first know the hand-shake.

Yet here is the problem for the plebes... Wealthy, RICH people are just BORN with the knowledge. If you do not know the hand shake, you never will... You will forever be excluded and judged a pion by those in the know... Those who form the inner circle rich man's penis measuring society (...and not just materially, but also spiritually, sexually, morally, i.e... those with the ultimate inner-game rich man's mojo).

By the way retiring at 31 on 1.8 million... U are too funny.

What are you, 18 yrs old?
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Here's looking at you. If you can't figure out how to retire on 1.8 million (hint: stock investing) then you won't with 10 million, or 100 million dolalrs.
 
Quote from stockstalkerv3:

Here's looking at you. If you can't figure out how to retire on 1.8 million (hint: stock investing) then you won't with 10 million, or 100 million dolalrs.
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Again... if you mean to retire by becoming a professionnal trader, besides not beeing the safest endeaviour, it's not a retirement. If by passive investing, I doubt you will be able to enjoy a comfy retirement - especially at 31 when one has probably to take care of a family for many years to come. When older in the thirld world or in a european country where the government takes care of one's basic needs -but usually not with the same quality as if one pay extra for it - it's probably workable - many do retire with less . I sure wouldn't go for it.

Nor would I wish for it either, entrepreneurship is far from boring.
 
Quote from nitro:

There is an overwhelming majority that thinks (paying for) school is a poor choice. Probably to be expected on a trading site.

FWIW, this book agrees with the majority here:

"Higher Education?: How Colleges Are Wasting Our Money and Failing Our Kids---and What We Can Do About It [Hardcover]"

http://www.amazon.com/Higher-Educat...=sr_1_1?ie=UTF8&s=books&qid=1283722362&sr=8-1
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Colleges aren't failing our kids. Parents are failing their kids who are in turn failing themselves. This isn't high school we are talking about. The professor isn't there to hold the kid's hand and help him decide what to be when he grows up.

The entire problem with this thread is that there is no way of weeding out those who shouldn't have gone to college. There is a reason that we have vocational schools. It makes little sense for a person who should have gone to vocational school to instead go to college.

It is not PC for anyone to look at a high school grad and tell him that while college is the proper direction for 1/2 of his peers, it just isn't logical for him because he doesn't have the abilities to fully take advantage of the opportunities that the degree will provide. Consequently, he attends a college and amasses significant debt, and then goes on to become a low end wage earner or tradesman, both of which he could have achieved through experience alone and without the debt.

In any case, the parents need to understand their own children well enough to provide appropriate counseling regarding proper career choices before they are already knee deep in student debt.
 
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