Is College a Worthless Investment? link to this post
I don't think so, but apparently it is something to consider. Everyone knows Bill Gates, founder of Microsoft just in case you didn't know, never finished college. Steve Jobs founder of Apple Computers never graduated from college. Larry Ellison of Oracle Corporation never finished college either! So what does this mean? Should we just skip an expense that can easily add up to at least $100k to work or pursue a trade? Maybe take some classes on the side? I don't know. When I was deciding between colleges, not going to college was never an option. I ended up choosing my state university over an Ivy university. It saved me a ton of money, in fact I made some. I wrote about my decision earlier. I would like to argue that Bill, Steve, and Larry are naturally gifted, just like pro athletes that have some natural born skill. With the combination of skill, drive, and some timing, they made things happen. The path they took to success is much different than most of the general population, so I would say they are exceptions. What about the rest of us? This MSNBC.com article, Five Reasons To Skip College, says:
Reasons to skip college. Is higher education a good idea? 1. You'll be losing four working years 2. You won't necessarily earn less money 3. In fact, you could make more money 4. You can learn outside a classroom 5. Plenty of other people did fineI can't disagree more. Since much of life is about risk minimization, the fact that you have a college degree does in fact minimize the risk that you will not have work, and does maximize your potential to make more. I especially hate reason #5. But then again, if you have the drive and the ideas, why not skip college? I can't really argue against that either, but it's risky. What do you think? If you had a choice, would you go to school again? What about if your kids decided they didn't want to go to college? Let's say as the parent you believed they had what it takes to make it without the college degree. What if they were really good at sports, would you let them skip college?