Why College is a Complete Waste of Time (Because of the Internet)
College is a waste of time and it needs a major change…
Look at the price increase of college tuition since 1985…
It’s an increase of almost 600%!
The price makes sense if everyone is coming out extremely prepared to tackle the real world and make a lot of money.
But what are we getting out of our investment?
I would say, nothing at all…
I’m a sucker too…
I have a bachelors and masters in Mechanical Engineering from a small private school in New Jersey.
And here I am $110k in student loans, I was in a dead end engineering job where your raise was determined by how years you worked not how skilled you were and any attempt to improve things were seen as an attack against the company.
Also, I didn’t want want to be stuck behind a desk pushing papers for the rest of my life.
And there was a 25-year loan payoff date…I had to make a change
This is the reality:
We’re in a closed system from 7 years old until we’re 21 and the only skill we learned was how to succeed in that same system.
Just because you have a college degree doesn’t mean you’re entitled to anything. You’re not entitled to a high paying job or respect from anyone. Get away from that mindset.
The real world doesn’t require us to write like researchers with a bibliography. We’re not graded every month and you don’t need to memorize anything ever. So why is so much importance placed on these skills?
And we have to move on and accept the time wasted to have a clear mind moving forward.
Truthfully, if higher education was more like a business we would all be asking for refunds.
But, I promise that all is not lost, there is so much that we can be doing to make up for all of the lost time.
You don't need a ton of money to survive
Understand that everyone is in your shoes. Most people go to college and then realize they haven’t really learned anything or the thing they studied is not what they want to be doing for the rest of their lives.
You’re not alone.
There are jobs doing anything and everything you can think of doing.
Let’s do a thought experiment…student loans aside.
If your minimum salary requirement was $38,500 per year ($18/hour):
Weekly Income: $740
Monthly Income $2961
12% Federal tax rate and 7% State (N/a if you live in Florida, Texas and Washington State)
Weekly Income: $601
Monthly Income $2404
Most jobs that a college graduate can do will make at least that much money. People get caught up in wanting to make a ton of money out of college but the reality is that we waste most of our money on stupid things.
Live with a roommate or a couple of roommates, buy a used car and get a job with health insurance until you’re ready to make your next move.
Have some perspective:
If you allow yourself to potentially earn the minimum amount of money here then you have the flexibility to jump into other careers. And the truth is that most fields you jump into would probably pay you more.
Being willing to accept less pay mentally allows you to see more opportunities if you want to change fields or do something you’re curious about.
Change your mindset
The fact that you have a college degree means that most jobs will accept you with any degree. Let’s say you want to be more involved with animals. Your psychology degree is enough to get you an interview and start you in office work at a local animal hospital.
Our world is changing so fast industries pop up virtually overnight. You need to understand that one of the big reasons why college is a waste of time is because everyone has a degree and everyone is learning the same skills.
The world is changing so fast that being “educated” is the basic expectation of any adult person. You should be able to use excel, read well, write quickly and articulate your thoughts because that’s not unique anymore.
Think past that…
Innovation is outpacing education. This means that there are jobs being created right now that degrees don’t exist for. And by the time the degree does exist for it then you know colleges are just attempting a money grab so hopefully, you can help a potential college graduate make the right decision.
Here are some books I recommend you read to help you along your path:
- The Education of Millionaires: It’s Not What You Think and It’s Not Too Late
- The Last Safe Investment: Spending Now to Increase Your True Wealth Forever
- Better Than College: How to Build a Successful Life Without a Four-Year Degree
How to move forward from here
The internet completely changed the game. There are companies out there that wouldn’t exist if it wasn’t for the internet.
You can now work remotely anywhere in the world and find work because of the internet if you understand how to market yourself.
Companies all over the world are looking to cut costs and grow, so now more than ever virtual work is huge. Think about what you would like to do, what your skills are and what can you learn quickly.
Here’s a list of skills that can be leveraged for remote work:
Social Media Manager
This list can go on for hundreds of remote working opportunities.
Here’s what they all have in common. All of these jobs have both a remote and office possibility. Some companies will only want someone who can come to the office every day but there are other companies only looking to hire online help. Also, every single one of these jobs is providing a service.
What I mean by that is that I’m not telling you to go start a blog or create a t-shirt store. I’m saying that if you enjoy doing something then you can provide it as a service and name your own price. The “trick” of it is getting in front of people.
No longer do you need permission from a college to be qualified to do something. Work somewhere to make money to start, gain some experience and slowly offer your services to companies online. Eventually, you will have enough clients to work on your own terms and you can quit your job. Whenever you have too many clients you can raise your prices and slow down.
You're only limited by the work you want to put in
So if you don’t know a certain skill then learn it and if you don’t have any experience then don’t stop looking until you get it.
The other reason why college is a waste of time is because it teaches you to rely on “intelligence” for success instead of skill or grit. In the real world intelligence only gets you so far because everyone has ideas and everyone has an opinion. But not many people take action or execute because they’re too scared their ideas won’t actually be good. So people would rather have the “amazing idea” and live with that while scrappy people like us who risk failure are having success.
You don’t need to be perfect and you don’t need to have the best ideas. The only thing you have to do is never stop taking action. You’re in a tough spot right now but it doesn’t have to be that way forever. You can change the course of your life today and live the rest of your life on your terms.
People are scared to be wrong and waste time so they waste their time never taking action. Does that make sense to you? Because of the internet you have the ability to provide a service to people who aren’t interested in the degree you have. They’re interested in having their problems solved.
Learn to be a problem solver for people. Figure out what problem a business or person is having, get in front of them and try to solve their problem. You can make an amazing living doing that.
There's more money out there than they want you to believe
Adults, parents, teachers and any “enlightened” person thinks that the only reason to drop out of school is if you’re the next Bill Gate or Steve Jobs. Look, THEY didn’t even know how big they were going to be so how can you?
No one is saying you can or will be the next anything. What I’m saying is that you can work your ass off and make $80,000 per year teaching guitar lessons virtually or ghostwriting for popular websites. You can learn how to code and go work for a startup in NYC who couldn’t care less about your degree.
However high or low you want to go is completely up to you but what I’m saying is that you don’t need a college degree to be successful. Provide a service that’s in demand and work your ass off so you’re not stuck to a company, location or salary ever again. It’s completely up to you.
In general, college is a waste of time because it’s expensive for what you get in return. There are people that still believe a college degree is better than not getting one in the long term.
So here’s what I say to that: If you’re happy sitting at a desk and making a good living with benefits and happy hour then no one is telling you to change.
I’m talking to the people that feel they wasted their time in college and don’t know what to do. There is a world out there where you can make as much money as you want, doing the things you’re passionate about. You’re not tied to your degree or where you live anymore. Because of the internet, you can live a completely fulfilled life, making a great living and being happy.
It just takes some risk and a lot of hard work but I think you’re more than capable of doing it. People who think it’s a risk to not go to college don’t understand the amount of money available to people who are flexible and willing to provide a service. If you learn how to help people and businesses with a service then your earning potential is unlimited.
Comment below and let's talk! I want to hear what steps you're thinking of taking and hear why you think college is a waste of time.