Good on you for figuring this stuff out so early!
Like you said, only you can make this decision. MJ mentioned his value-weighted sum trick in his first book, going through that might help you work through all the trade-offs and make the decision more clearly. I've put some considerations below.
Pros of staying in college:
Like you said, only you can make this decision. MJ mentioned his value-weighted sum trick in his first book, going through that might help you work through all the trade-offs and make the decision more clearly. I've put some considerations below.
Pros of staying in college:
- Degrees do make it a lot easier to get a job. I know you're on the fastlane path and probably don't want a job long-term, but if you ever need a job short-term or decide to switch paths the degree can really come in handy (this matters more than you might expect).
- Choosing the right subject can help you learn information useful for a fastlane business. For instance CS can help you learn to program, engineering could help you design a new product, etc. This might not matter as much though since learning by doing is usually more efficient anyway (unless you're doing something which requires specialized knowledge).
- No student loans. For some reason the "script" passes this off as not a big deal. It is. Not having debt weighing you down can free you to focus more on your business.
- More business attempts earlier and faster (assuming you're focusing only on your business if you leave). Starting a business takes a bit of luck where you might need to try/fail/try/fail a few times before hitting success. Each attempt gives you more experience and knowledge and increases your odds on the next try. Going through that loop faster can reduce the time to long-term success. By staying in college there is an opportunity cost.
- Don't let your judgment be clouded by the fact that you're struggling in the moment, fastlane isn't an "easy way out". School is hard. Business is also hard. There will be ups and downs no matter which path you pick.
- If you're finding economics doesn't seem useful or practical you can switch majors if you're only one semester in.
- Don't let your parents influence your decision (in either direction!). School might be the right decision after all, even if you feel annoyed that they tried to pressure you into it.
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