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Free registration at the forum removes this block.Consider that nearly all of the billionaires in that video either graduated from college or were at least accepted to well-known/prestigious universities (whether they finished or not)...that tells me that while they may not have needed to graduate college to become successful, they all were super smart and worked hard in school prior to college...
In fact, I love when people use Bill Gates and Mark Zuckerberg as examples of why a college degree isn't necessary -- I like to point out that if those two guys are the litmus test for what is and is not necessary to become a billionaire, then clearly the ability to GET INTO Harvard is important for a future billionaire... If you can't get accepted to Harvard, don't compare yourself to those guys...
BTW, I don't believe that college is a requirement for financial success, but I will point out the ridiculousness of someone who practically fails out of high school, sleeps until noon every day, goes out partying every night and then says, "If Bill Gates could become a billionaire without a college degree, so can I..."
Their net worth combined probably makes up half of that bar.Doesn't add up. Isn't Mark Zuckerberg, Bill Gates, and Steve Jobs listed on Forbes Powerful Men list? They obviously are successful dropouts..
think it says attended, not graduated....Doesn't add up. Isn't Mark Zuckerberg, Bill Gates, and Steve Jobs listed on Forbes Powerful Men list? They obviously are successful dropouts..
The graphic only mentions that they "attended college." Could be that they're classifying dropouts as well, seeing how they technically "attended college."Doesn't add up. Isn't Mark Zuckerberg, Bill Gates, and Steve Jobs listed on Forbes Powerful Men list? They obviously are successful dropouts..
I agree with everything you're saying. I just wanted to point out that the graphic was false.Absolutely. And I'd argue that anyone who is smart enough and who works hard enough to get accepted to Harvard and start a profitable business while at Harvard probably has the traits to drop out of Harvard and make a ton of money.
I'd also argue that 99% of the people who don't go to college don't fit that profile.
And again, I'm absolutely NOT saying that college is necessary to become rich/successful (it most certainly isn't)... I'm just saying that using people like Zuckerberg and Gates as an example of why college isn't necessary is simply illogical. I'm sure there are many hundreds/thousands of ten-millionaires who didn't go to college that can illustrate that point better than the couple of high-profile billionaires.
But it says "the myth of the successful dropout" you can't dropout unless you are attending in the first place....think it says attended, not graduated....
This is an extremely good point, and one people often fail to realize.Consider that nearly all of the billionaires in that video either graduated from college or were at least accepted to well-known/prestigious universities (whether they finished or not)...that tells me that while they may not have needed to graduate college to become successful, they all were super smart and worked hard in school prior to college...
In fact, I love when people use Bill Gates and Mark Zuckerberg as examples of why a college degree isn't necessary -- I like to point out that if those two guys are the litmus test for what is and is not necessary to become a billionaire, then clearly the ability to GET INTO Harvard is important for a future billionaire... If you can't get accepted to Harvard, don't compare yourself to those guys...
BTW, I don't believe that college is a requirement for financial success, but I will point out the ridiculousness of someone who practically fails out of high school, sleeps until noon every day, goes out partying every night and then says, "If Bill Gates could become a billionaire without a college degree, so can I..."
One thing to point out is that Mark Zuckerberg and Bill Gates were raised in educated backgrounds, and while not rich, their respective families were already well off. People raised in that setting usually learn that education is important, whereas people from working classes often learn that just having a job is important.And again, I'm absolutely NOT saying that college is necessary to become rich/successful (it most certainly isn't)... I'm just saying that using people like Zuckerberg and Gates as an example of why college isn't necessary is simply illogical. I'm sure there are many hundreds/thousands of ten-millionaires who didn't go to college that can illustrate that point better than the couple of high-profile billionaires.
Although we hate degrees, there's no doubt that fields such as law, economics (number crunching for models) and sciences will need that degree.
And anyway not all dropouts will read TMF /UNSCRIPTED or other similar materials.But it says "the myth of the successful dropout" you can't dropout unless you are attending in the first place....
Right. I have met people who are just happy to pass their exams with a credit and met people who work their a$$ off to be top in their field.With that being said, everyone's definition of "success" is different. To say that successful dropouts are a myth is misleading at best.
Hyperrealities and the SCRIPT at work again....I like to point out that if those two guys are the litmus test for what is and is not necessary to become a billionaire, then clearly the ability to GET INTO Harvard is important for a future billionaire... If you can't get accepted to Harvard, don't compare yourself to those guys...
But it says "the myth of the successful dropout" you can't dropout unless you are attending in the first place....
The main takeaway I got from the video is that college is no longer worth it. It's a financial decision and today it's not worth investing in.
Doesn't add up. Isn't Mark Zuckerberg, Bill Gates, and Steve Jobs listed on Forbes Powerful Men list? They obviously are successful dropouts..
Attending university at the now inflated rates may not be worth the job you can get from it. But education is worth it. Knowledge is power. You may just have to 'shop around' to find a cheaper way to get that knowledge.
We are struggling with this one right now. Our oldest is 15. Owns two profitable businesses. Should he go to college?
Have you seen any stats on regular college/uni vs ivy leagues?
Society can kiss my a$$.However, there's other factors to consider, the biggest being prestige. Society adores people that went to an "Ivy League". Society doesn't really adore someone that "cold calls".
Society adores people that went to an "Ivy League".
I'm waiting for the first billionaire business owner to declare that they are no longer considering formal education in their hiring processes, and instead are moving toward an algorithm-based evaluation method to find new hires. Frankly I'm shocked, given all the predictive computing power and tech startups in the hiring space, that more companies haven't done this.
Anyone who has witnessed the hiring process from inside a large organization knows that formal degree requirements are thoughtlessly and reflexively mandated, simply to weed people out and make the human review of applications easier. Thus driving demand for ever-higher degrees (backed by federally-insured, bankruptcy-protected loans).
I wrote about this in Unscripted ...
View attachment 16454
The old college argument about "Graduates make more over their lifetimes than their non-degreed counterparts" is statistical rubbish.
Why?
Because parents aren't gonna keep their book-smart teens away from college.
Likewise, if you have the aptitude and intelligence to be accepted into Harvard, Stanford, or Oxford, more than likely you can do very well without college. The key item of statistical relevance here is not that they DROPPED OUT, it's that they already had a propensity for high achievement.
The problem is when people use "I don't need a degree" and point to these billionaires when their life up to this point has been nothing but laziness and sloth.
The other factor in this is COST. To put it simply, college (outside of STEM stuff) just isn't worth the cost any longer.
(It's my guess that) They may have attended/graduated college but that might be why they say it's not that valuable. When they where 18 and following the scripted lifestyle they thought college was good. My guess is after college they realized how much more they needed to learn in order to be successful and realized college wasn't all it's cracked up to be. Today Mark Cuban reads at least 3 hours a day to keep up with his businesses. I doubt he studied that much in college. (Again I have no idea tho)
Oh and also when they attended college 30-50 years ago it was reasonably priced compared to today which might be another reason why they bad talk it.
Society adores people that went to an "Ivy League".
I still remember the agitated look on my former a**hole boss's face when he realized I didn't have a penny in debt. I think he was worried I'd just up and leave one day... which I did, with no notice, about 6 mos later. After the debt conversation he was always trying to convince me to get a nicer car, or that since I was about to have a kid I needed to go buy a house.To play devil's advocate a bit: If your employee is saddled with college debt, they probably are going to need to keep the job you give them to pay their student loan bills. Maybe you get more long-term employees this way. Golden handcuffs.
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