- Is college worth it?
Should you drop out of college?
Should you continue?
I get this question a lot,
especially from young people on YouTube, on social media.
(upbeat music)
Let me put it this way.
It depends on your goal, where you want to be.
If your goal is to be a doctor, a lawyer, an engineer,
an accountant, a professional, a blue collar professional,
then college is absolutely necessary
because you're not gonna get any jobs
without that piece of paper,
right, 'cause that's what companies,
that's what, out there, what people wanna see right?
They want a piece a paper
if you're gonna be one of those things.
Now, however, if your goal is to be just an entrepreneur
then you probably would find less value in college.
Now, unless you are going
to one of those very, very good schools.
I'm talking about Harvard, Stanford,
not for the education, for the network,
who you surround yourself with.
As they graduate, when they go out in the real world,
you don't know who you are.
That buddy that you met in college, in university,
he might turn out to be a CEO of a big company.
You never know.
So because of that, that's the only value.
But if you're not going to those schools
and just strictly for education,
then college itself, it's not designed
to teach you how to be financially successful.
It is not designed to teach you
how to be successful in life even.
Because college and university,
they are designed for one thing and one thing only.
Do you know what that is?
That is to create employees.
Because if you study the history of education,
how it was created, this multi-billion dollar industry,
multi multi billion dollar industry, is to create workers.
Because you look back, back then,
with all the industrial age, all the companies,
all the titans, what they found out is okay,
we are growing.
We don't have enough workers.
We don't have enough employees.
We need to create a system that could
produce and create an infinite amount of workers
that will work within our companies.
That's how basically the school system is created.
Our society, if you think about it, if you study it,
that's what happens.
So if you understand that, it's designed for that.
It's designed to keep you locked up in a job.
It's designed to keep you in one place
where you go to school, then guess what?
What do they teach you?
Yes, get into student loan debt.
Then after you graduate you get a job.
And then what do you do?
Then you climb that corporate ladder.
And after, whatever, 10, 20 years,
if you are good you might move into
like a middle management position.
That's if you don't get downsized,
if the company doesn't go out of business.
And then with a little bit of luck then maybe when you're 65
you'll retire with a little bit of money,
little bit of pension.
That's how the entire system is designed to do.
It's designed to keep you following this path.
What I'm saying is this.
Instead of asking is college worth it,
yes, you meet some people, you learn some basic skills,
you learn to communicate,
you learn something basic about everything,
a little bit about everything.
That's okay.
I think, the way I see it is, college is not enough.
I think that's what I'm saying.
That if you think by having that certificate,
by having the diploma, by having that degree,
you are guaranteed success, you are fucking delusional.
You're in la la land.
It is not enough.
If you think after you graduate
that's all the learning that you need to do,
hey I worked hard,
I worked hard for four or five years in school,
I'm taking my exams, I'm doing my homework.
If you think that's enough
for you to be successful in life, that's just not true.
You need way more, way more education.
I'm not talking about formal education.
Formal education makes you a living.
Self education makes you a fortune.
I don't have a lot of formal education
but I have a lot, a lot, of self education.
I've read a lot of books.
I've learned from a lot of people.
I have learned a lot from my own mistakes,
right, school of hard knocks.
So that's self education.
So formal education, that's fine, but that's the basic.
That's like kindergarten.
What you need is self education.
So knowing that school doesn't stop after graduate.
That school starts after you graduate.
And if you're smart, even when you're in schooL,
if you're in college right now,
you better start learning some of these other skills,
developing some of these other skills,
money management skills, closing skill, people skills,
all these skills and sets that you develop
even while you're going to college.
Guess what?
Then you have an edge over everybody else
because you have a jump start, right?
You're ahead of everybody.
So that's what I'm saying.
It's not enough.
You need self education if you want to be successful
in business and in life.
Until next time, I'll see you in my Bentley.