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Most of those I know with a HS degree or even less than a HS degree are on some kind of public assistance. It's tough enough getting a decent job with a degree, i can't imagine what it's like for those without it.
The 3 (and only) Millionaires that I personally know barely got their HS diploma. They are also in their 30's.
The 3 (and only) Millionaires that I personally know barely got their HS diploma. They are also in their 30's.
Most millionaires own businesses so its not unheard of.
For most employees, being educated in an in demand field can be hugely helpful. Later in life if one wants to open a business it can help as well. Which has more competition, taco stands or nanochip designers? Obviously the latter has a much higher margin of profit as well.
I graduated in 09 (middle of the recession) with an engineering degree and I couldn't find an engineering job for 3 years in the SF Bay area. Though note I am not a coder or programmer. My internships were in construction and manufacturing which were all sluggish. And I rather work in a kitchen(which I did after getting laid off) then be trapped in front of a computer for 60+ hours a week.
My bf, went to the Army straight of high school, and now works in security. at one point we were making the same money, some months he made more. He owns a house.
But my degree travels better, if I move to another part of the country I can maintain the same standard of living or usually better whereas even with the cost of living adjustment he's looking at a decrease.
Also, and I'm not trying to start a demographic debate, some people need a 2yr/4yr degree to even have a chance at something to provide.
That being said, this level of college debt that people are accumulating lately is ridiculous. If you/your family doesn't have money, you can't get scholarships, a person should stick to in-state tuition within their means if they choose to go to college.
There's a reason only a third of Americans have a college diploma. For most people, it probably is a waste of time.
I met someone at work who has a side business selling women's undergarment. Told me that because he doesn't have a degree he would never get a promotion that's why he has to run a side-business to make extra money and he said even though he has a good business don't quit your daytime job.
Most of the Chinese immigrants that are here buying million dollar homes do not have degrees. They run & operate businesses.
Most millionaires own businesses so its not unheard of.
For most employees, being educated in an in demand field can be hugely helpful. Later in life if one wants to open a business it can help as well. Which has more competition, taco stands or nanochip designers? Obviously the latter has a much higher margin of profit as well.
Being a millionaire is not hugely impressive anymore. You often need such a net worth to be able to live in the most prestigious metros in the country.
Being a millionaire is not hugely impressive anymore. You often need such a net worth to be able to live in the most prestigious metros in the country.
Many of the people that can afford million plus homes where I live can do so because they participated in start ups with stock options or started their own (often computer or engineering) businesses. Most have college degrees as well but not always.
The 3 (and only) Millionaires that I personally know barely got their HS diploma. They are also in their 30's.
People who are millionares by their early 30's have a key stroke of luck in their story, there is no way around it. I have read about Bloomberg and the like and there is always some lucky fluke injection of a substantial amount of money otherwise they would never have been where they are.
For every Bloomberg there are thousands of other john hoppkins engineering and medical graduates that did not get a multi million dollar lay off package. Start up costs for a business is staggering if you don't want to be leveraged to the hilt and have a high risk of default/failure.
People who are millionares by their early 30's have a key stroke of luck in their story, there is no way around it. I have read about Bloomberg and the like and there is always some lucky fluke injection of a substantial amount of money otherwise they would never have been where they are.
For every Bloomberg there are thousands of other john hoppkins engineering and medical graduates that did not get a multi million dollar lay off package. Start up costs for a business is staggering if you don't want to be leveraged to the hilt and have a high risk of default/failure.
It's always nice to hear when millionaires and even billionaires bring up luck (not all do this) in how they got to where they are. I'm not saying these people are not hard working, they obviously are, but there are also millions and millions of equally hard working people out there that didn't get that certain "luck" to get somewhere from just being an average hardworking Joe.
My cousin-in-law's older sister was one of those people, where she graduated from Stanford with a business/marketing degree and was hired by Microsoft in the early 80's. She knew absolutely nothing about computers, just like most people during that time, but with her stock options she was able to retire in her early 30's as a multi-millionaire. That was over 20 years ago. She definitely considers herself lucky and had no idea Microsoft would become what it did.
I still believe in getting a college degree, but the chances you are going to rocket right into the middle class with your degree, like in the past, are much, much less. Even with STEM degrees. It is a larger gamble now, especially with the cost of a degree today. You can do everything right and end up with nothing. Just hard work isn't enough anymore.
I went back to college and my degree never paid off. Looked for 3 years and never got hired in my field of study.
Absolute waste of time and money.
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