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a. Where's an 18 year-old going to get $100K to invest?
b. An 8% return? In what dream world?
Where does an 18 year old get 100K to pay for college?
And over a lifetime if you can't get 8%, you're a moron.
OK, let's assume you're right and an 8% return over a lifetime is possible.
Your premise is still ridiculous. Assuming an 18 year old can scrape together $100K or that his parents give it to him to invest does not address the issue of condemning him to working some low paying, insecure job for 45 years so he has a nest egg at age 65.
Doesn't sound like much of a life to me.
One can obtain a degree without going into debt.
It might take a little longer but it can be done.
The idea that a bunch of 18-22 year olds have to go to school full time on mommy and daddy's dime is pure bullshit.
When you're 18 get out of Mommy's house, get a fucking job and take one or two night courses all year round. You'll have a BS in 5 years.
Or get the fuck out of Mommy's house, get a fucking job, get training in a specific skill then continue your education.
Or you can go to the fucking free library study all the basic required course material for the first couple years of any degree program and then take the CLEPs. That way you're only paying tuition for the last two years of study.
Where does an 18 year old get 100K to pay for college?
And over a lifetime if you can't get 8%, you're a moron.
OK, let's assume you're right and an 8% return over a lifetime is possible.
Your premise is still ridiculous. Assuming an 18 year old can scrape together $100K or that his parents give it to him to invest does not address the issue of condemning him to working some low paying, insecure job for 45 years so he has a nest egg at age 65.
Doesn't sound like much of a life to me.
You assume a lot don't you?
What if he started a business and made a fairly comfortable wage and still had a nest egg at 65.
Why do you assume a person without a college degree must work a low paying insecure job? I know a lot of people with college degrees that have insecure jobs but my plumber with no degree who has his own business is still working and making more than the college grad.
Skull many more businesses fail than succeed.
Again no kids have 60k to invest instead of going to school.
Kudo's on your success Bill Gates did it without college that is not the point.
On average those with a degree make 2.5MM more than those without.
I got an MBA that prob didn't help in my financail analyst job much, it help alot in making me an above average investor though.
There is a reason why college goes up so much each year, demand for higher paying jobs. PERIOD
OK, let's assume you're right and an 8% return over a lifetime is possible.
Your premise is still ridiculous. Assuming an 18 year old can scrape together $100K or that his parents give it to him to invest does not address the issue of condemning him to working some low paying, insecure job for 45 years so he has a nest egg at age 65.
Doesn't sound like much of a life to me.
You assume a lot don't you?
What if he started a business and made a fairly comfortable wage and still had a nest egg at 65.
Why do you assume a person without a college degree must work a low paying insecure job? I know a lot of people with college degrees that have insecure jobs but my plumber with no degree who has his own business is still working and making more than the college grad.
There are always exceptions.
A kid, for example, with strong entreprenaurial talents doesn't need any schooling at all.
Nor does an exceptional athlete.
Or a entertainer.
But by and large, the vast majority of people with college degrees do far better over a lifetime than those without.
And yes, I mentioned plumbing as a career earlier in this thread.
You assume a lot don't you?
What if he started a business and made a fairly comfortable wage and still had a nest egg at 65.
Why do you assume a person without a college degree must work a low paying insecure job? I know a lot of people with college degrees that have insecure jobs but my plumber with no degree who has his own business is still working and making more than the college grad.
There are always exceptions.
A kid, for example, with strong entreprenaurial talents doesn't need any schooling at all.
Nor does an exceptional athlete.
Or a entertainer.
But by and large, the vast majority of people with college degrees do far better over a lifetime than those without.
And yes, I mentioned plumbing as a career earlier in this thread.
Very few people can be pro athletes. the same restrictions do not apply to the business world. Anyone can work for themselves and be successful. The problem is that people like you tell them that they can't.
Nobody said it's necessary, don't be so sensitve. Like Mr Clean correctly say's on average those with a degree earn way more than those without. That's why it cost so much, demand for high paying jobs.
Look at any list of top ten salaried jobs, they are all 4 yr degree'd jobs.
There are always exceptions.
A kid, for example, with strong entreprenaurial talents doesn't need any schooling at all.
Nor does an exceptional athlete.
Or a entertainer.
But by and large, the vast majority of people with college degrees do far better over a lifetime than those without.
And yes, I mentioned plumbing as a career earlier in this thread.
Very few people can be pro athletes. the same restrictions do not apply to the business world. Anyone can work for themselves and be successful. The problem is that people like you tell them that they can't.
If it were that easy, we'd all be in business for ourselves making tons of money doing something we love.
Look up failed businesses, way more fail than succeed. Do you have kids? Would you tell them college is a waiste? Income is not the only benefit of college.
Very few people can be pro athletes. the same restrictions do not apply to the business world. Anyone can work for themselves and be successful. The problem is that people like you tell them that they can't.
If it were that easy, we'd all be in business for ourselves making tons of money doing something we love.
So why aren't you? The only person holding you back is you.
Well your successfull and biased. Look up the facts that's what Mr Clean and me are talking about.
It's harder to do what you've done, though some might argue your degree's made you smart enough to do it.
I've never seen any article saying anywhere near 50% of businesses succeeding.
skull again congrats, none of that changes any facts. Most business fail.
I never sat in traffic, and doing accounting to me is much better than cleaning anything or working hard. I hit a million before 50, the average millionaire owns his own businees and it takes him till 59 to get there.
most people drop out of college too.
I bet if you look up average income for self employed it's lower than average bachelors degree. One off examples are a dime a dozen.
