college is a waste of money

[newwurldmn]

Let's take this discussion one step further. Why is highschool so important? Who actually uses US History in their daily lives? Who needs to know calculus or even algebra. We have calculators on our phones now! Dave Thomas (founder of Wendy's) dropped out and he was incredibly successful.

Well, Dave said that he would have owned more stores if he furthered his education. A successful entrepreneur who dropped out of school saying it was the wrong thing to do. He went back and got his GED and has sponsored several scholarships because he didn't want his success to be inspiration for others to drop out of school.

 

[tomorton]

According to research quoted fairly often by Ben Shapiro, there are 3 steps to ensuring you will be poor and will remain poor in the US -
1 - don't get a job
2 - become a single parent
3 - drop out of high school

He quotes that 98% of people who don't do these 3 things go on to improve their standard of living.

Only sorry I can't recall the original source, but he is very convincing.

 

[Xela]

He went back and got his GED and has sponsored several scholarships because he didn't want his success to be inspiration for others to drop out of school.

Gates and Zuckerberg have both done the same (with scholarships): they want to pay for others to complete the degrees they didn't themselves complete.

This is pretty interesting - https://www.theatlantic.com/busines...ke-millions-of-young-americans-poorer/273628/

 

[sss12]

Robert Kiyosaki put it best when he said that he was a C graduate but, now that he has multiple businesses, he hires A and B graduates to work for him and he does not pay them that much with a knowing smile. Generally, speaking you make more as a college graduate compared to a high school graduate but, unless you are the VP or top executive or board of director of your company, you are essentially, the slave of those at the top. The harder you work, the richer they become and get bigger bonuses. A high school graduate with street smarts probably, has a fair shot at becoming rich and a business owner ahead of you! Now, if you are lazy, it does not matter if you have a degree or not because you will waste your abilities just the same!

When I got laid off in December 2011, my co-employees told me that they started paying bonuses. Those rank and file got like $100-$200 once, a year bonus, Assistant Managers got $1,000-$1,200 bonus, which might seem a lot but, do you know what the Vice President got in her bonus? She got $60,000! Now, this is repeated in probably, 95% of companies in the USA or even Europe or Asia! Why do you think most Americans work 25-30 years and not much to show for it? Taxes take a good chunk of your monies right of the bat. Watch Robert Kiyosaki's videos on You Tube and he explains everything.

your personal saga aside....do any research and come back to me and say that the AVERAGE person holding a under grad diploma earns less than one with only a HS dip.

you guys keep posting these one off tales....go with the mean.

 

[newwurldmn]

your personal saga aside....do any research and come back to me and say that the AVERAGE person holding a under grad diploma earns less than one with only a HS dip.

you guys keep posting these one off tales....go with the mean.

You can't blame them. They never took college statistics

 

[piezoe]

Why not just start a new thread along these same lines: "Chemo-Therapy Is a Waste of Time and Money." Then all the people whose lives were saved can weigh in versus the relatives of all those who Chemo made sick as hell and they died anyway. Nice thread.

 

[Pekelo]

you guys keep posting these one off tales....go with the mean.

You guys taking these titles too literally. Nobody is saying if you want to be a doctor or lawyer don't go to college. What we are saying:

1. College ed is over rated. It used to be HS diploma, now everyone needs a college diploma.
2. There are way too many students in college who have no business in being there and never will get a positive return on the money invested/wasted.
3. HS should teach you about life not college.
4. Generally colleges are too expensive and most people don't know how to get a cheap one. (like starting out in com. col.)
5. Whoever is financing the education should treat it as an investment, because this is what it is. If you end up being a waitress with a 4 years college degree, you wasted the investment, no matter how you enjoyed the years.
6. Some of the white collar jobs are in danger of outsourcing, while several of the blue collar jobs can not be or can not even automatized. I am still waiting for my robot plumber to show up...Or the real one because apparently they are king and they can afford to shit on the costumers<<<job security

 

[smallfil]

your personal saga aside....do any research and come back to me and say that the AVERAGE person holding a under grad diploma earns less than one with only a HS dip.

you guys keep posting these one off tales....go with the mean.

Read it again. I did agree with you about college graduates making more than high school graduates in terms of income. You are marginally better but, not by much. Where you are very much wrong is when you assume having a a degree and a job is way better than trying to start a business which is my point and Robert Kiyosaki's point. And you want statistics, overwhelmingly, a lot of Chinese are rich because they stress owning a business to their kids as opposed to being employees. A lot of Chinese who became filthy rich became rich because they had street smarts as opposed to book smarts you learn in college. My grandfather and mother both taught me that you should study hard at school, get good grades and get a good job. That is guaranteed to keep you poor and in the rat race! Robert Kiyosaki's story about his book Rich Dad, Poor Dad illustrates this point. His real dad was a principal and he was born poor and died poor. Now, his step dad taught him about the economic structure and money. He was the rich dad and he changed Robert Kiyosaki's life for the better. Grew up poor and getting a job still meant you are stuck in the rat race. My classmates who were born rich with businesses run by their families are still filthy rich to this day. Their degrees did not make them rich. It was those family businesses that did! That is why the rich stay rich and poor stay poor. It is the economic structure that matters! Ignore it at your peril.

 

[Sig]

5. Whoever is financing the education should treat it as an investment, because this is what it is. If you end up being a waitress with a 4 years college degree, you wasted the investment, no matter how you enjoyed the years.

Couldn't agree more with most of your points. Except this one. First off from a purely transactional standpoint, most people, even those who graduated with a comparative lit degree from Holy Cross, aren't going to be a waitress for life. Having the college degree, but more importantly the network that goes with it and the ability to have a college degree level conversation (which is of course possible for some high school graduates, but not most high school graduates of her caliber) is going to change the trajectory of the average grads life, even those with degrees which don't have immediate application and those who end up doing a stint at a job not requiring a degree.

And from the non-transactional standpoint, what was her actual opportunity cost vs reward? Four additional years she could have been banking coin as a high school educated waitress? Versus the life experience of going to college? And presuming that she was interested in her major, everything she learned about it as well as learning how to learn, regardless of practical application? While I was in grad school Phil Knight flew down from Portland in his private jet once a week to take an undergrad creative writing class, sitting in the back wearing jeans and a t-shirt so most of the class didn't even realize who he was until part-way through the quarter. He's the founder and at the time CEO of Nike, he has an entire complex of buildings at the school named after him for christ sake, so clearly he's not going to go into a career of creative writing. Same thing with Dexter Holland, lead singer of The Offspring and worth millions, just finished his Ph.D. in molecular biology at USC last year. And Greg Graffin, Ph.D. in zoology from Cornell post making a ton of money as the lead singer of Bad Religion. Most of us think it's pretty cool that they are into learning for learnings sake, it's a bit of a double standard for the poor kid?

 

[Sig]

You are marginally better but, not by much.

"Among millennials ages 25 to 32, median annual earnings for full-time working college-degree holders are $17,500 greater than for those with high school diplomas only. That gap steadily widened for each successive generation in the latter half of the 20th century. As of 1986, the gap for late baby boomers ages 25 to 32 was just more than $14,200, and for early boomers in 1979, it was far smaller at $9,690. The gap for millennials is also more than twice as large as it was for the silent generation in 1965, when the gap for that cohort was just under $7,500 (all figures are in 2012 dollars)."
(https://www.usnews.com/news/article...en-young-college-and-high-school-grads-widens) That's not "marginal" in anyone's book!

Where you are very much wrong is when you assume having a a degree and a job is way better than trying to start a business

That's not what anyone is saying at all! Having a degree and starting a business is far more likely to lead to success than not having a degree and starting a business! The unicorn in the leprechaun forest of an 18 year old starting a successful business and becoming a millionaire is just that. As I just freaking pointed out, while a number of high school only folks start businesses and become rich, they all put in slave labor for years before they get to that point, often more physically demanding, harder work at lower pay than the college grad who starts a business at the same point in their life. And statistically the chance of a non-college grad starting a business and becoming a millionaire is far lower than a college grad.

And you want statistics, overwhelmingly, a lot of Chinese are rich because they stress owning a business to their kids as opposed to being employees. A lot of Chinese who became filthy rich became rich because they had street smarts as opposed to book smarts you learn in college.

Yes I do want statistics. How many filthy rich Chinese people are there? What percentage of the population are they? A statistic is a number, not an assertion. Every wealthy Chinese parent I know has an almost pathological focus on education for their kids, what Chinese culture are you living in where this isn't the case?