- Apr 14, 2010
- 5,287
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James altucher has a very negative outlook on a college degree! I did not do any of what you quoted here. That was not the college education I received and I truly hope that is not what college is like these days. How sad!
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6. Parents are scammed. If you are a parent and wish to send your kids to a college then, just to summarize, here is what you are paying for:
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- your kids are going to have sex 1- 5 times a day with people you probably wouldn’t approve of. Of all of my friends, none of us had sex that often... and I had a couple of friends that made it through freshman year without sex... one made it all the way through senior year
- your kids are going to drink, smoke pot, probably try LSD and other drugs before you even get home Nothing harder than alcohol - but never got drunk. My roommates didn't even drink and one was a senior.
- your kids are going to cheat on most of their exams. When I first started college I wanted to be a psychologist. I read every book on psychology. In Psych 101 I got a D- on my first exam, which was graded on a curve. Apparently the other 2000 kids in the class had access to older exams which were stored at all the fraternities and the professor never changed the exams. I had to ultimately drop Psych as a major. My dad said, “why do you want to major in Psychology anyway. Girls won’t like you because you won’t make any money as a psychologist.” I said, “but then I’ll never know if the girls like me for money or not?” And he said, “Girls won’t like you because you have money. They’ll like you because YOU ARE THE KIND OF GUY who can make a lot of money.” I never cheated on an exam. Neither did any of my friends. We got by on studying a little and praying a lot.
- your kids are going to make connections with other like-minded individuals (people focused on drugs, socialism, sex 24 hours a day (not a bad thing), people cheating on exams, and people with rich parents who will help your kids get jobs at Goldman Sachs). I made friends with people who were totally unlike me... but I am still friends with most of them 23 years later.
- your kids are going to think they are smarter than you almost immediately. I have always been smarter than my parents, but they already knew that before i started high school.
- while you are working 60 hours a week and borrowing money to send your kids to college, your kids will be sleeping good chunks of the day, relaxing on the weekends, and enjoying the blissful pleasures of the lazy life for another four years until the real world hits I actually stayed in college for 9+ years as an undergrad. Earned 2 degrees. Lived in a dorm freshman year... transferred to a branch campus and lived at home the rest of the time. I worked part-time at school, helped out at home, coached baseball, taught swim lessons, taught my little sister to tie her shoes and ride a bike, babysat, tutored others, studied an hour or so a month.
- your kids are going to have sex 1- 5 times a day with people you probably wouldn’t approve of.
- your kids are going to drink, smoke pot, probably try LSD and other drugs before you even get home
- your kids are going to cheat on most of their exams.
- while you are working 60 hours a week and borrowing money to send your kids to college, your kids will be sleeping good chunks of the day, relaxing on the weekends, and enjoying the blissful pleasures of the lazy life for another four years until the real world hits
Ecstasy,MDMA,molly,meth...whatever helps you on your journey man.
Seriously,the question is ROI,return on investment.The cost of college education is often a very poor financial investment .Learning to generate multiple streams of income is safer ,faster and cheaper then most college education.
Knowledge and cultural enrichement can be obtained for free.Financial freedom or even stability is a result of entrepreneurial skills.These skills are learnt.
The 2008 crisis allowed corporations to dump the dead weight.That middle administration layer.They are moving towards tempworkers,outsourcing,crowdsourcing.
Use you and dump you within hours.
It's a brave new world,a college degree will mean nothing.
Edit:I dropped out of law school when I was 18.Got my Scuba instructor certificate and went to work in Cuba for four years.I learned cross cultural negociation,spanish,the frailty of human dignity,the true importence of democracy,the lies spun by the media,the desire to risk your life to cross the sea on a raft when you know you have NOTHING to loose.....man who needs law school
Clearly I went to the wrong college. I want to go to that college!