Should I Go To School or Start a Business?

Let's do business together! What a great way to reach a solid responsive audience of men chasing excellence and building a better version of themselves.

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FAQs

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This video is not to be reproduced without prior authorization. The original YouTube video may be distributed & embedded, if required.

[Trezker]

Don't start a business, just start DOING business. No investments needed, no planning, no office, no supplies. Just look for people who need things you can help them with and learn how to make them pay you for doing it. Do anything you can, build a reputation, get more work than you can get done, then you can start getting selective and eventually turn it into a business. And then after you have a business and is earning way more money than you need, you start hiring people who are better than you.

[obeliskjonez]

If you are already going to school, make sure you educate yourself aside from that in your free time, school won't teach you the most important stuff in life, only how to be corporate obedient slave.

[ToneZoneStudios]

So many of my friends in the 21-28 age range are struggling with this same issue. The classroom is a lie. Build your own classroom! Saving this vid to share with peers

[dr.vonslifeinvesting]

I have a business degree, it didn’t set me up for anything specific. I went back and got my masters to teach and love it. I live in a republican State so I happily red pill my 6th graders everyday and the students love me for it. There is still hope for public education. Only go to college for a specific degree that will directly lead to a job.

[davideagen]

"Never let school get in the way of your education"

[AB-imek]

Go to a technical school and turn what you learn into a business

[primaballerina]

This is some first class advice for the young man!
You inspired me to start up my own business and resign from my decent paying job at a huge company. I'm still trading time for money as I am starting up, but man I feel so much more alive since I started working for myself!
Thank you for your work Richard!
Peace from 🇸🇪

[Mrrahmed]

I’ve learned from your channel more than I’ve learned from school in 18 years. I’m 25 rn and still wasting my time in school. This is my last semester in college and I’m ready to wrap this up. Never go back to school again

[latinboyyy]

That answer is super easy, it's: Start a business, I know this to be true, because I'm one of the ones that went to school. Now I'm a wage slave, who wants to start a business but is scared, insecure, and lacks creativity, and self confidence to start, but I will prevail, and I will start one, and succeed.

[MrSvarun]

I was told all my life by my parents and teachers to just study, study and study some more, which I did…...got a degree at age 27 and when I started applying for jobs I was told I had no experience…..my diploma was literally worth nothing. I live in Central Europe, but I imagine this to be similiar at least in the West. Fuck school, go get some experience and then see what education you actually need.

[Edgeofdavid]

Learn a skill. Learn how to solve problems for other people. That's how you start.

[Betterhose]

This is a question for Richard, so please make him read it.

I am 21 as well, but other than Haris I am currently in college studying agricultural economics (right now I am almost halfway through). It is exactly what I wanted to do, I would classify it to be somewhere between STEM and economics, people with that degree are highly searched for and here in Germany, where I live, education is basically free.
In fact, we are so in demand that I already have two job offers for after my graduation.

That is where my problem comes from.
It has always been a *dream of mine to join the armed forces* (Bundeswehr here in Germany), experience the camaraderie, follow my interests (I like shooting, hunting and I am generally the "outdoorsy" type growing up on a farm), while staying in shape and not least because I had the luck to be born in a first world country and I want to give something back.
After graduating I would like to join the army for 4 years, but my concern is, that this would be a waste of my precious 20's and I would give away my opportunities to build a career in the mean time.


The pros and cons I see are as follows:
+It's the thing I'd like to do
+I could save up the money (I'd have lower expences in the army) to start a business afterwards
+I have problems with tidiness, that I could fix in that time
+the Bundeswehr gives financial aid for the reintroduction of former soldiers into the civil economy, which I coul use to further educate myself
+I would do something for my fitness
+it would earn me the respect of my later employers
+maybe it is an alternative career path and I can reenlist as an officer, or work in the private security industry after those 4 years

-I will probably lose my current career opportunities (these ones, I was given right now)
-My wage would be signicantly lower ~12.000$/year

What is your opinion on serving in the army ?

[yaoz]

Let me emphasize something: not all STEM is easy to obtain a job. For biology, chemistry and physics, those jobs are not plentiful and it will be difficult to obtain a job. Even for mathematics, it will be difficult to obtain a job. Again, all this is dependent on the "brand" university you go to. If you go to any of the top 10 in US or the top 3 in Canada, then you should be able to obtain a job if you apply yourself hard enough. The main thing I would worry about the young guy is that starting a business will require the person to have basic income, meaning some income for him to eat and some form of shelter. He could try to look for free or cheap ($100 - 300) courses for digital marketing, which he would need if he started a company. My suggestion is to either go to college for engineering, computer science, nursing or IT. Otherwise, obtain a sales job in Canada and work his way up while creating his own business. As for my experience, I couldn't get into the top universities in US, so I went to my cheap public state school and lived at home. I went through the motions and passed BS and MS in engineering with a 3.7+ GPA and went straight to work after college with a net worth of 40k (June 2018). Now I'm learning programming to increase my career prospects and possibly start side hustles, but for me, entrepreneurship just isn't for me. The work hours required is just too high and the stress management required is for only a minority of the population. However, I understand that as an employee, I have to be constantly learning to improve myself so I can be a "valuable" asset for the next company that hires me. I worry that since he is young (21) he is just into entrepreneurship b/c it's the fad right now and he does not understand the 60 - 80 hour/week required during the initial set up of the business in its first 1-3 years.

[HighTicketFreedom]

Great advice! I only attended college for around 6 months late 2016.

Right after finishing that one course I had, I realized it wasn’t for me and wouldn’t really make much of a difference in my life.

So, I later got into entrepreneurship in May of 2017 and I totally agree, becoming an entrepreneur is definitely the way to go!

[currentresident]

I would take the advice on education with a grain of salt (especially after reading the comments on this video).

I'm (US naturalized citizen educated and lived in different countries) on the STEM field (finishing grad school while working in the US) and as the video points out, post grad education will create way more opportunities of EMPLOYMENT.

The disparity of salaries for a person without a College Degree here (US) compared to a person with significant experience (but no degree) on the same field is not as significant (there are a lot of technical careers with people making more money as technicians than engineers). However, this is not the same in other countries where College educated workers have a SIGNIFICANT advantage (reflected on the big difference in lifetime salaries), not only looking for work, but also in their salaries through heir professional life (in some instances this will make or break your career for years to come).

On the same line, starting a business in the US that can actually replace a decent full time job income is way easier than other countries (the initial capital investment is not a significant part of your assets as it is in poorer countries). In other words, being an "entrepreneur" in the US is, in average, less risky than in other countries (and the rewards in general tend to be higher than in poorer economies).

The easier way to see this, is to analyze the figures available to you (most of the time you can get an average salary per profession) and make a decision based on the market of your particular country.

In summary, if you are planning on staying in a country where higher education has a bigger weight on how the market treats an individual, you will be better served by acquiring some, because the impact that may have through your ENTIRE productive life may be significant.

[reifigures]

I completely agree Richard 👌🏾 I actually have 2 degrees and I currently own a business that has absolutely nothing to do with that.

[gradualpull]

Depends how much you are self motivated and disciplined. 50% of small businesses fail in the first 5 years. So if you work hard you can succeed, stop working for other people. I flip cars in cali and it's a huge profit barrel.

Good luck out there.

[AsianAlaskan]

DON'T DO WHAT IS EASY, EVERYONE CAN DO WHAT IS EASY. Half the degrees are useless, I am grateful I got my civil engineering degree. I watch the people around me in the mid-late 20's making nothing doing menial work that they could have done without a degree, while I get to work on $25mil+ transportation projects before I even graduated.

[areafortyone]

I have mixed feelings, I think an education is important but I think being "street smart" is equally as important. I know a lot of people with college degrees who are dumb as a rock.

[michaelscott]

Build a business. Yes college is safer but you’ll never know what could’ve been had you not sacked up and decided to pursue entrepreneurship. Plus why would you pay $100, 000+ just to work at a 9-5 plantation?