Shocking Truth About The College Monopoly System

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[nobody-imw]

I've been saying for years that college is overrated. Unless your going to be a doctor, lawyer, or something at that level, you really don't need to waste money on college. Also, companies are a big problem when they ask for a Bachelor's for jobs that typically never required a degree i.e. sales rep, secretary, store manager, etc. If I had a kid who was 18, I would encourage them to go into the trades. We are going to be severely disadvantaged in years to come without skilled tradesmen/women. I commend the kid who does landscaping in my neighborhood. He skipped college and started his own business and at 20 years old is making more money than most people.

[newmonengineering]

All I can say is, I never went to college. I dropped out senior year and took my GED. And I make well over 6 figures. I never needed college to keep employed. I can say, in life it's what value can you add, and how good are your people skills. Who you know helps as well.

[sennasennina]

This was absolutely amazing!!! I have been saying this for over 40 years but they always told me that I was against studying. I went to Sorbonne and other universities as well and graduated in Economics but I can tell that was a TOTAL waste of time. In France universities are free and in Canada are much cheaper than in the U.S. All my colleagues in the U.S. were saving their money for their children's universities or mortgaging their houses. Completely messed-up system. I agree with you if you want to be a surgeon and a lawyer you will need to graduate from a university. Universities are NOT in synch with what the market is looking for. I remember at least supply= demand and maybe the only thing that will stay with you is if you have a degree in Economics which I call a basket-waving degree like philosophy and political science. I learned more shadowing my father in his meetings when I was a kid than in university for real life. You can learn by doing it and not by reading it. You will be better off learning a trade like an electrician or a plumber than going for 4 years in order to get a piece of paper that nobody really will ask to see but your parents will feel good about it but go broke or pay for it for the next 20 years. If you study Computer Science and you are looking for a job, the market will ask for real experience and or certificates in technologies from Microsoft, Google, and Cisco. The bottom line, even a degree in Computer Science will not get you a job. A young self-made Hacker has more chances to get a job than a computer graduate.

[scottgould]

“Formal education makes you a living. Self education will make you a fortune.”
— Jim Rohn

[waltermilliken]

There many professions that still need a college degree: nursing, mental health counselors, psychologists, medical x-ray technicians, school teachers, certified public accountants and certified financial planners, those are a few.

[jimmoore]

I enlisted and served us army so I could earn and save to help get through college. Business and Engineering Master’s. I studied hard, absorbed, and interned. It ultimately opened doors for interviews, but really, the knowledge and strategic thinking skills I picked up really helped me throughout all 35 years of my career and I now own my own business. Looking back, I wouldn’t change a thing about my path, however, i see so many of today’s youth getting by without degrees and I am just in awe of how fun, smart, innovative, collaborative, respectful and energized they are. Both paths work fine. Just be a cool person and a sponge for knowledge, set your course and enjoy the ride.

[RufusR]

I’ve been practicing the art of self teaching since 14 (started by learning German).

I’ve always found it difficult to justify college because I am more efficient by myself.

[jmalahay]

Thanks Pat! As a vet, I hear you. Didn't know what to do after High School & joined the Navy. Eventually separated after the Northridge quake which created a demand of my NEC/MOS & got the chance to experience corporate culture. Now back doing civil service taking care of vets. My son just joined the Army & didn't wanna got back to school after graduating. Got offered a great MOS & will be going to AIT in Monterey. He saw me change to several jobs because after realizing its advancement opportunities were grim, without hesitation & thinking I had to suck it up just for the healthcare benefits: no way! See ya later, horrible boss!

In healthcare, especially, I've seen the cut-throat environment where the bigger fish are gobbling up the small independent ones. Loyalty to vested employees are out the door. It used to be great if anybody can land a job with USPS, gov't service or any of the older fortune 500 corporation, you're set for life! That no longer applies though. Probably one of the effects why we're dependent of foreign supply & manufacturing like Taiwan/China.
It's sad that the gov't & politicians are pushing for college debt relief to those who didn't even serve their country.

[heidifritz]

We are right in that window of deciding a direction for after high school graduation. This video offers quite a bit to contemplate. Here's an interesting new option in our area that we’re considering: Hildegard College in Southern Cal. It’s $16k per year and only 1 major based on classic great books and all areas of entrepreneurship, taught seminar style. It’s a bit more like a standard college, but with a twist. I appreciate the 7 options you shared. I never really considered military for this child…but it’s an intriguing idea - and he’s watched his cousin who's currently completing the 4th of her 5 years of service with the US Navy. Tough decisions ahead and sussing out the right path.

[Videoyourfun]

Wow I love a lot of your content but this one is bang on. Watching this tonight with the kids to see there reactions.

My kids are …
1) Is business focused already at 15
2) Is in the fashion business at 12
3) Is innovations and creativity

Definitely not finding any added value in school for any of them 🤦🏻‍♂️

[bamkablam]

College has been a ripoff for 40 years. After one semester, I said goodbye and have never regretted it

[thereselarfield]

Both my kids have done just fine without going to university, and they are balanced, hardworking and not indoctrinated by loopy left ideologies…. They have kids, homes, have traveled and finding satisfaction in their careers.

[avzeolla]

I graduated college 28 years ago and went to law school right afterwards at age 21. I spent about 200k on my education.
My same college and law school today would cost over $450k. That’s ridiculous!!

[adamwade]

@17:29 Dude I attended Clemson in the 1980s, and in my opinion the engineering curriculum was 10 years behind the time back then I hate to think how bad it is now. I think the 'net and changes in the workplace (i work from home), and the Gig economy will shut down at least 50 % of colleges. My only regret is i may not live long enough to see it. I think many colleges will go the way of shopping mall. THE FASTER THE BETTER!

[christendenise]

My boss who was the controller under the CFO for an hvac company, successfully, for 11 years. She was fired by new mgmt because she didn't have a degree. The reason was, it doesn't please the shareholders. Now that sucks.. They gave her a severance package to move on...

[NickGetzinger]

Personally, I encouraged all my seven children to go to vocational school prior to getting their college education and made it imperative that they work their way through college so that they would for the most part graduate with the skills they need to make better career choices and higher pay quicker. So far so good. I did this myself and have been self employed and have trained hundreds of others to become self sufficient over the last 40 years. My kids come out of college nearly debt free!

[grantstewart]

A degree in accounting worked for me, but I think any degree that requires certification is really the key.

[paulsinkovits]

If you're not cut-out for the physical demands of a trade, don't forget every trade needs estimators, project engineers, salesmen, etc. These positions have been the hardest to fill for at least a decade. Most field workers don't transition well to office work and everyone else overlooks these jobs. Talented people in these positions with a few years of experience can easily make over 100K without a college degree.

[IN-tmmw]

When i went to college, the only thing i got out of it was, Advance techniques, Resources and Status. Techniques you can learn online now but those labs filled with computers, programs and equipment were helpful at the time. I'm not sure what would be the alternative nowadays. Learning skills can be anywhere but having access to the equipment to train on and produces a portfolio was hard to find. But i do fill like paying for all that was too expensive.

[EOTG_AK]

I definitely like having a backup plan and encourage my kids to as well. That plan is centered around learning an in demand skill. Getting a CDL license, electricians license, plumbing license construction certs/licensing etc. Live below your means while you get that skill and save money. Then start a business, buy real estate, invest in the markets, or find other ways to build additional revenue streams.