speaker 0:   0:00
It's college. A good investment Find out on today's episode. Today's episode is brought to you by Seo Pro Lap, the company that I trust to keep serving a master at the top of Google to save 10%. Use the coupon code. Serve no master at checkout. Go to serve. No master dot com Backslash CEO today. Are you tired of dealing with your boss? Do you feel underpaid and underappreciated? If you want to make it online, fire your boss and start living your retirement dreams now then you've come to the right place. Welcome to serve no master podcast where you learn how to open new revenue streams and make money while you sleep. Presented live from a tropical island in the South Pacific by best selling author Jonathan Green. Now here's your host. It's the rainy season here in my little islands. Of course it's raining again, but I just couldn't wait to share with you this morning, something I've been working on for a while, a couple of the most lately from teachers and principals, people in the educational industry, and I kind of wanted to go to the next level. You know, there's always talk about the quality of public education and private Republican badgers and all of that stuff. And of course, I think a lot of what we teach in high school is in the right direction because we just don't cover practical stuff. I have no problem with learning math and history inside. Think those are all very valuable. But I wish we also learned skills. But how to get to college? There are people who graduate college with three or four years of studying stuff that's totally worthless. There's no job, There's no light at the end of the tunnel. And it reminds me of this really great movie when my favorite movies. It's pretty unknown, but it's a Val Kilmer movie called Spartan. It's really good spy movie where the president starting it's kidnapping. He's the special guy who sent out to find her wherever she is in the world, and he meets this lady who's gonna be his assistant. She's like a knife fighting teacher, and he has this really great line. It's pretty intense. And she said, He says, What do you do? And she doesn't teach night fighting those you shouldn't do that keeps them out of kill. That way, if you meet some guy who only learned knife fighting, you can kill. You learned that the real skill and the reason like this line is because it's such good language. The goal of knife fighting classes, Not tonight. Fight We don't been, especially the military. We don't learn a skill, the military just a lot of skilled. We want to focus on the real destination for many parents, special people who either I didn't go to college or kind of have a 50 year old perspective on how colleges work. They think of college as the end result, like, Oh, you have to go to college and they don't have a plan for the child after that. We have this idea that there's a moment when we've succeeded his parents. When is that moment What's that line for us? So for many parents, and I totally understand that my parents that exact same thing to me and say, Oh, I will have succeeded the moment you leave the house 18 and go into the dorms and you've going to college. That's the moment of success for me. That's the moment when I will have crossed that line, so we have that as our measurement. Unfortunately, that's a really bad line. Because college is not a destination, college is a tool. Colleges and investment college is a place where we spend a great deal of money to give our Children the ability to make more money. That's the idea. It's an investment. And just like any other investment, you should look at the numbers and the statistics to see if it's financially viable if it's the right decision. So let's look at some of those numbers, and I've got some pretty interesting to justice, even do a little research over the last week. You know, normally, I just I know normally I just say I look up the statistics later, but this time I did it in advance. This time I got some really good notes together. Have been thinking about this for a little while, and it takes the average person 12 years to pass their college loan, according to the College Board, So most people have graduated 22 at 34 they're finally free of debt, so the first thing we know about college is that our Children get four years of education and partying and having fun learning. And they pay three times that much in the weight of having dead on their shoulders. And I really I'm not a big believer of paying through debt people all the time. I want to go through one of my courses and they can't afford it. They want to put on a credit card. They want to borrow money or they won't do a payment plan, and then it becomes a pressure or stress. Now I have a course that's absolutely free. My make $1000 a month program, a couple of episodes, episodes 1 14 1 15 that cover exactly how to do all that stuff. I go in great detail about how to hit that number, and if you go through in those programs and follow the steps, you can then afford anything I sell. So I teach you how to make the money before I charge you anything for, because I practice what I preach colleges, the opposite college. We train our Children to take on massive debt, and it teaches them a new mindset which is due now, pay later, and I am 100% of victim of this mindset. I am still recovering from that mindset and trying to change into my instead of weight. You have the money and then buy it. The United States 100 years ago had some of the greatest savings in the world. Every single person was ahead financially, and then banks came out credit cards, and we shifted from a nation of people who have 10% more than they spend two mation who spends 10% more than they make. We've reversed everything. And if you think the banks for all that, it's unfortunate shift and do you wanna pass US lesson on to your Children? Now I know there are people who listen to their planet people who can simply afford to send their Children to college. They saved the money so the Children don't have to face that. That doesn't apply to everyone. We've got some more numbers to look at before we jump into that, but I just want you to think about the way we've structured education in America. Now this is actually in America only situation most other countries treat higher education, adds more of a right, and it's a continuation of the public education system. Many countries, such as Germany colleges just free. And that's why Germany of people go to college for 10 or 20 years because it's free of Robert's away, off hiding from adult responsibility. Or it's a great place to go when the economy dips. Now you do make more money if you go to college. Statistics say you make about 2/3 more money or you make maybe 66% more money if you go to college than if you did it now. It's very important to understand the way the statistic works because, as with most statistics, they're kind of hiding a key component. The two groups of people they compare our people who go to college and people who don't. But most people who don't go to college don't go because they either can't get in or more likely, they can't afford it. If you don't have good enough grades to get into a college that lets in people who can't afford it and gives them scholarships, then you're a different category. So we're kind of mingling intelligence and effort and all the things that go into doing well in school with actually making the decision so are really splitting. Two groups of people people who can't afford to go to college and people can't those the two groups. So this make more money is a little misleading. It's kind of like saying the top 10% of graduates from high school people that 10 top 10% of the class make more money than the bottom 10%. So we're a little bit mixing two things here and there, giving college a little more credit than it should. That's why I want to think about these numbers, and you may disagree with me if you have a logic behind it. Great, leaving the comments below. I'm always willing to look at other things, but this is my perspective, and this is what I see from my research. Now let's look at really specific numbers. So when you finally pay off your student loan around 34 the studies show that the average college graduates gonna make $40,944 a year pay for college graduate. 10 years later, you're making $40,000 a year now. That's not that great. That's a lot less than I'm making it, certainly less. It's not enough to support my family, but it's very close to what I was making when I was at the university. It's a little bit more than that, but I was also a year younger than this list. Now a high school graduate, we're making 31,807. So that's where that difference is right that $10,000 a year difference. Neither. These numbers is great in our society, where things were getting more expensive, prices are going up. Both of these numbers are hard to live on. But this is where you get so you said, Oh, if I go to college, I'll make $10,000 more year in my thirties. But is it true a lot of these statistics again come down to other factors, not purely education? Let's go deeper. How much is college? Actually cost just for the meal plan just to feed your kid every year, every two semesters. So full student year it's $4500 or 1005 $100 of paying the school to feed your kid, which is 70% more money that would cost for a child to feed themselves, So we have this idea that universities there magnificent that they're out there to help your child, but they're not their business. And you need to treat business is like a business, so they do everything they can to squeeze every penny can enrich. I know every university out there always says the same thing. Oh, we're really struggling. We need all this money at IATA. Every university gets huge amounts of money in federal grants for the research Mormons, their science departments, and they'll have massive amounts of money from alumni as well. Some of these universities, which charge huge amounts of money, have over a $1,000,000,000 their endowment funds that huge, huge amounts of money. And they pretend that, Oh, we just need it because this kid's a roast. I want to give you a good education. We have to pay the teachers. But why do you have to pay triple what you want to feed yourself? The lowest you're gonna pay for public state school in states around $20,000 a year, and the average for ad of state private school type stuff where you're paying at the higher end tried for private college, $34,000 a year. So these numbers are obviously assuming kind of middle of the road schools, which nothing wrong with that. Or so you go to university of your stage. If you want to go to like an Ivy League school, these numbers are totally wrong. There Now, closer to 60,000 $70,000 a year. And originally when I was gonna give this talk, I was gonna talk about what did you do? 60,000 times? Four years? $204,000. But let's assume, okay, they're gonna go to a state school. There's nothing wrong with that. Totally find I almost went to USC of Georgia. In fact, my father recently told me that he wished, That's why. Why? Instead of why I went for my first college degree? My undergraduate? Well, it's a little bit. Look at those numbers. So the cost of college at the bottom of the price band if $80,000.12 years debt is what you get in return for that worth it. Now, college is all about being an employee. It is not about taking control, even schools that teach like leadership programs and my university had this course called Leadership. And looking back Now I realize how ridiculous it is because they don't teach the type of leadership we really need. Really, Leadership is taught by the military. You wanna learn leadership when you're young, join the Army or the Marines, be a second lieutenant, lead soldiers and about you got to be a leader. Guys who went through the military have that type of leadership built into them because it's so necessary. Okay, goingto taking a class on leadership we read some books on leadership is not the same thing. I have a great respect for the military because it's very, very dangerous job. I have a lot of friends and military, very tough. I'm not that tough, but they learn leadership in a real way. There's a big difference between swimming in the water and reading a book about swimming. Same thing for leadership, but we have the price now $80,000 you might have seemed it up. Okay, if you have the money, we're gonna talk about other ways you could spend and kind of think about in the 12 years of debt. Those kind of the two ends of the spectrum and we all end up Hank. Some combination of these two things, But there's some reasons to go to college. Most people say you should go to college to find yourself, have a good time in party to really let loose to find a partner. A lot of people say, Oh, I want to find my wife or my husband in college and a lot of people get married to their college sweethearts. It's pretty normal. You see, I want to try options, find myself for you. I want to do with the rest of my life all these things and there's so many degrees right now that I would say are worthless or completely ridiculous or such a waste of investors. Now they're plenty really good ones. You go to college, you get a degree and become a doctor. That makes sense. Whatever you're learning something where it's a specific skill where the degree leads to a specific career. I'm fine with that. But some of the most popular degrees are things like social work, cosmetology, and there are more and more degrees than it built around political correctness. When I was in England, people have majored in American studies, and I said, Wonderful. What do you do when you graduate? You're the same qualifications I had when I was 10 because I knew what it meant to be an American when I was 10 these degrees that have no destination of the ones of the biggest problems. What good is it to learn the history of racial problems in your city? There's tons degrees like that. And I always say, If you're just learning for the sake of learning, that's a fine degree. If you just want to be someone who can talk about all the Rachel tensions in America last 100 years, fine or tension between the genders, you know all these different new studies that people think are really great. But what can you do when you graduate? For me, education is a business and an investment. It's on Lee when you don't think about it correctly, that you could justify crappy degrees. Now, if you have one of those Juries, I apologize. But let's be honest. You're listening to a podcast because you're not making enough money. That's a dead giveaway, that the degree was a waste of your time. If you graduate with a degree in women's studies. The only thing you could do is then go and teach people on the same course. You become trapped in a cycle, and it's very similar. Apparent parents came. The only way to make money is to teach the people behind you in a pyramid scheme. You have to get people younger than you are lower than you on the totem pole to invest money. And that's where you make your money. You're not actually selling a thing. You're some other people falling into the same trick, and that's what some of these degrees are. I can't make money doing something. So I have to teach it to you that when you graduate, only thing you do is teach it to the next people. That's the very definition of parents Game now is their value and learning about history. Of course, I have a wife and daughter and sisters in the mom. I have no problem learning those things, but when your major is something that will never make you money, you have a real problem because you spend money learning it. So then it becomes a negative investment. Hey, my parents been $150,000 for me to earn a degree that I'll never make money from or earned every rally have one option that trapped at 35. Doing what I thought 18 would be cool and fun of stuck. All of this comes down because of the wrong mindset. College is an investment. You spend money in order to get the skill to make more money. It used to be the only way to get a really good job was to have a college degree. You spent money so that you would have a degree and therefore people would hire you or even longer ago. That's 50 years ago. 100 years ago, you had to go to the good schools in order to get the partnerships and relationships so you could meet. People have access to business and networking. In those deals, College no longer provide high level networking. I have no business deals from people. I went to college with. Most of them did the same thing most people are ties with. Most of you might know from college were successful, the exact same thing most of the people who for my high school successful did, and that is they work for their parents. The majority of people I went to high school with work for their parents or are in the same industry, is their parents or took over the parents business is very few people I know struck out on their own from either college or high school, so we don't get those networking values anymore. Now you're probably thinking I'm gonna hate college, but I don't. I hate the way it's shifted and the way we have a project with the wrong mindset. You go to college among to be a lawyer. Fine. You go to college, I'm gonna be Dr Fight or a scientist. Those things all makes sense to me. But you really need to spend four years of college of hundreds of $1000 to learn how to sit in a cubicle and sell insurance over the phone. How did those two things connect? The way I look at college is to use a little for Bill I put together. You look at the cost and then look at the skill you're paying for. It is the skill you learned worth it, and then you look at the career value or the protector of your life. How much will increase your income? Now we talk to the beginning. We talked the beginning about how college costs a great deal of money, $8000.12 years dead at the very minimum and how we compare these two groups of people in the income streams. So let's look at the two ends, Inspector. Let's say your parents just like me on your child's 18 year thing about what to do you. Hey, it's gonna cost you $20,000 a year. Put this kid through college and let me tell you something right now that numbers total garbage because it will cost you way more. I know, because I was. I remember when I was in college, well remembered. We call our parents, had more money in this, and you're running that, and my parents can't afford it. We become one of those college kids who also works now What I was in college, I looked at working as well, and I like the university's always provide jobs. And, boy, do they under pay you. I mean most of the jobs, like sitting in the gym or sitting the Libra, and you get to read and study most of the time, but they don't pay. You await. You turn somewhere else, working like a real job and out in the world. Job College is one of those place that provides what I fear, which is where it controls, where you live, what you eat and what you make those air. Too many things to have a single point of failure. But what could you do if you invested $20,000 a year in starting a business with your kid? The cost of starting of breaking mortar, small business There are $25,000 now. I'm not a believer in that method at all. You know, I don't like physical stuff. I'm very nervous about it. The thought of opening a store and having walls and stuff on the shelves you have to sell makes me nervous. That's not my business. Mind said it all, but that's what it costs. And they say, You know, one out of five small businesses succeed. There's something that, like around 80% failure rate in the 1st 3 years, so you need to start five small businesses, for one had success. I guess that's the other way to look at this cystic. You could start a new business, your child every year for four years, and one of them Tropicana hit. See if you start to look at comparing Children who can afford college in our scoring off to college and go versus those who don't go. You start to see something very different. If you just looked at numbers for kids who went to college and dropped out, the numbers change. Now these air hidden statistics. It's very hard to find these numbers, but these are things that I think about. My Children are smart. If you go to college. I was more than enough to go to college. I got accepted a dozen. The psychologist. No problem. I'm lucky enough Good luck to be born with the baseline of intelligence. You know, whether you believe nature versus nurture, I don't know, and we'll talk more about the nature of luck and the next episode I've got some cool things coming up. We're gonna talk about the different types of failure and how luck really works our society and understanding how we often misinterpret luck. But whatever intelligence comes from whether it's from nature, and nurture Trump from your blood or from your parents teaching you. My Children have enough intelligence to begin to college. Okay, let's just assume that I could be dead wrong. Maybe my Children grow up and they won't be able to, but I'm hoping it then becomes a decision of choice. And when you have the choice of how to invest, your money is different. What you could dio is invest in a bunch of startups. You could invest $5000 into a specter of starts in four startups a year. At the end of four years, you've invested in 16 startups, and the odds are that one of them will hit. The odds are now in your favor if you spread them right, and I actually recommend reading the book Black Swan. It's where the best investment books ever. It kind of explains how to manage risk in a really, really smart way. The reason most people fail investment is because they're gonna go all risk. We're all safe, and it talks about the right way to invest enough and safe to cover your risk and do 90% safe 10% risk because there's always surprises there's always shocks to the market. That's what a Black Swan is. It's an unexpected shock to the market, but they can't be predicted because something always happens. In 2008 they had the guy on TV and you predicted this housing crisis knows No, I didn't. I said something would happen. I didn't say what it waas and understand the way shocks working the way the unexpected works is how you can invest that money. No, again, I'm not an investment guy. I'm not a stock guy. I'm a four ex guide. I'm not a start of investor guy that's outside my area of expertise. My expertise. They're starting a small business online, and that costs way less than $20,000 a year. You could use that same money to give your child some breathing room to start building up my business. If you're listening to these lessons with your Children, that's great, cause your Children can start now. I plan for my Children to start working when they're around 12. Obviously, they won't be able to work at the same level as me, but I expect them to start dabbling online and definitely by the time they're 16. They need to be driving their own revenue. That's not that crazy. It's better than working at a factory, isn't it? I'm talking about working after school for a couple hours a day and really focusing on what's important, which is making money, that purpose of colleges to get you the skills to make money, going to college to find yourself. Hey, look, I did all that stuff. I partied through college. I did some crazy stuff. I did some stuff in college that don't really want to talk about on a podcast. 15 years later, exactly, limitations has passed up pretty much everything I've ever been involved in. Okay, All the dumb, dumb mistakes. But I still would rather not make a permanent record with my voice. Some of the stuff all right about occasionally. But I definitely want to talk about it. Colleges of great fun time, but the value of colleges dropping through the floor while the price goes up. Very few people who graduate college get great jobs. My college and they all do this. Okay, The first thing they tell you is, Hey, we have a percentage of people who get a job right after college, and they say, This is the present. We will find a job after college. Now, I'll tell you right now they're lying. They're straight, a blind to your face because what they're not telling you is the type of job they get. If you graduate from law school, that's all the same thing law schools to say. Oh, it's 70% of our graduates find employment there, including the kids to graduate and work in McDonald's. They get this expensive Doreen A law schools crazy, expensive and they're working minimum wage. There's a very large percentage of college graduates in the early twenties earning minimum wage, and I know this because I see this all the time. I know people doing this. I know people in that space, and it's unfortunate you spent hundreds of thousands of dollars. You buy this degree, you weren't really thinking about it. And so your grades weren't great. You did okay and your degrees in a subject that cares about the my degree by undergraduate degrees in Southeast Asian studies. Sounds dumb. Moreau's making fun of American studies earlier. Well, looks like I got something very similar. Now the thing is I use my degree in away. See, I originally wanted to either work for the FBI or the CIA estate I wanted to work for. The governor was a big believer in government, was younger. Obviously, things changed, but I wanted to go to those fields. I knew you had to be an expert. Of course, things shifted. And the Middle East is really what you have to be expert in to get those great jobs because they're out looking for people that speak Japanese anymore. As translators at the FBI. They're looking for people that speak our new in posh, too, and all these other Middle Eastern languages, because that's become the focus in Russian, of course, is always valuable. There's not a lot of Americans spying or interactions with Japan in that way, so there's not a lot of work in that field. But Japanese my language rested all the Southeast Asian countries now elimination so in a small way, paid off, but only in the sense that I know a little bit of history before I moved here would actually learning the course, how many was any of it, but at least I kind of had an idea of what I want to do when I graduate. What's interesting is what happened when I graduate. I said, Hey, you guys, that everyone gets a job, help me get a job And that's when I discovered that you're totally out of luck. Colleges have almost no ability to help you get a job there. Promises or straight applies because the people who work in those departments and this is something that I've started to look at more and more. Most of the people who worked in the department of your college to help you find jobs. They went to that college. They couldn't find a job anywhere else. So now they work for the college. I never trust people who graduate from college, and then they work there because they've never gone out in the real, just like I don't trust people who teach business economics and MBA courses who've never run a business. When I take martial arts classes, I want to take them from someone who's been in a fight. Why would I wanna learn how start businesses? I was never done it The same reason when I do coaching, I do it all myself now I've been situation before, especially when I was starting where certain people provide me coaching and say, Hey, we're gonna teach you the identical You do myself yourself. They go, No, I got someone, were extremely I go. Why would I would learn how to be an entrepreneur from someone who's never done it? Okay, I want to learn from people who've been there, not people who read about it. Because if you're an employee coaching and teaching people how to be entrepreneurs, obviously everything you know doesn't work or you would be doing it yourself. It's a bit of reductionism, but think about that. You're teaching a skill how to make tons of money, but then you're not doing yourself. Let's not work whenever you're teaching. When you're looking college, think about the cost and think about what you can teach your charge and instead or $80,000. What skills could you give to your child, which would allow them to take care of extraterrestrial life? And remember, our goal is to get your child able to make $40,000 a year by the thirties. If you can do that in college is waste and it's not really that I have a goal is 36 $1000 a year, $40,000 a year. Are these numbers too hard to hit? If you look at certain professions, garbage collectors make more than that. And they showed that job is hard. It's horrible. Any job that was ever on that TV show, Dirty Jobs makes more than that. That was an entire TV show with hundreds of jobs that I could never do. See, we live in a society right now that kind of has all this respect for graduate college of being a drone. But then there's other jobs. We have a little more control of your life, make more money working on oil rigs. Will you make big money? I mean, it's a little bit dangerous and it's real tough, and he would have to be a guy. It's one of professions, like 99% male, because all it is lifting and moving around really big, dangerous pipes. It's crazy, dangerous. There are some women who do it, but it's a very physical job, and it's one of fields that no one ever complains about the gender split. That's cause it's very physically demanding very dangerous. That's one of the top 10 more dangerous jobs, but it's when you could do We work a month on month off for a month on it two months off. It makes a lot of money really make a lot of money because it's so dangerous. You could become a fisherman in Alaska, So there's a lot of these jobs okay, that are super dangerous. To make good money, you don't have to go to danger, make good money. You could also go into gross, clean toilets, clean crime scenes, a lot of options. But I just want you to think about Can you help your child build a business that in 15 years they'll make just $3000 a month? If you can, then college is a poor investment. Now let's get practical. I'm talking about college number. Let me tell my own numbers. I have a course right now. Absolutely free, called Make $1000 a month Podcast. Episode 1 14 There's a couple of follow ups to that where I go into more detail about how to grow that, But let's say you just do that. That's of course, and how someone could make $1000 a month working about 40 hours a month. Okay, it's not a full time job. It's part time. Job it to two hours a day Monday to Friday Job. If you impart that skill to your child and work with your child and you teach them bad, they're selling time for money. Okay, your child immediately. Lovemaking. $1000 a month. That's $12,000 a year. They're now more than 25% of way to the goal, right out the gate if your child chooses to work full time. If you get your child and say, Hey, you sit down every day for eight hours and you, right, your child will make $4000 a month. This is $40,000 a year. Your child is now making more money than college, and it's something that I teach you for free. Now this is not the end of the journey. What I teach. It's the beginning, and they go into more detail in Episode 1 15 and in some training videos about how to get more jobs heading for high ticket jobs, this is the bottom of the market as a beginner If you take this skill, you're making $4000 a month at 18 19. By time they're 30. They'll be making maybe $20,000 a month making real money because you can continue to grow high end ghostwriters easily make Quarterman dollars here. No problem. There's job like that all the time at the higher end, and you certainly get there after decadent experience and even couple years of experience. So when I look at college, I compare the numbers to other options for free. You can give your child a skill that makes them more money. So then, when you're looking at college, think Okay, what is my child and graduate with? When I went to college in a year to choose your major and then change major two or three times, I actually and the reason that my grades were so low. The reason I graduate the bottom, my class in college, it's because I tried to learn programming. I wanted to learn website design. Unfortunately, the people who taught the computer department and there's always a sign of a big problem. We're husband and wife. Whatever. I have encountered two people in one's the boss or their partners in a business that's a husband or wife. I've always regretted it, because when you're married, mixed, this is a pleasure, friendship and work, marriage and work. Whatever. There's a problem at work, you mask it. So I went in one and learn websites that I actually wanted to learn what I do now, all the way back when I was 18 to go to this class. Mmm, 19 or 20 wasn't freshly, I think with my software here, and they're teaching you how to write a program to make dice roll. There's, like the first forget that teach you and computer science and I go, Oh, my gosh, this is worthless. I would say that what they were teaching on that course was totally worthless for modern technology. It was nothing about website design, not that stuff that's practical with all these, like creating programs that they're already exist and okay, all of them are free. You can get the code for every single program they talk for free because they're open source and you can use them in your own programs. So I really need a random number generator. There's 1,000,000 online. Okay, that's the computer name for rolling a dice. That's what they want to teach me. And so I got a really low grade in the class, but I realized it was crap and the class was taught from 6 to 9 a.m. Okay. Who teaches a call? Class six in the morning. It was a three hour class once a week. I probably made it 1/2 of them. Lectures were boring. The material was worthless and had no practical ability. The teachers never thought, Hey, what can someone do when they know this stuff? Now, what they were teaching, if there was more infrastructure, would have been a great intro if I wanted to go into, like, robotics or that type of programming. Okay, older style type of programming, which is important if I wanted to send spaceships to the moon. This is type of stuff, you know, that's not what I wanted to do and what most people want. And my school didn't have the following courses to teach all that stuff. I didn't have a full computer sciences program where you graduate with the ability to do stuff like you do from M i t. So I just had a couple of these smaller courses that you could take an addition of the stuff. They gave me horrible grades and messed with a lot of my life. And I learned, you know, push me away from what I want to do for a long time. So actually interest in what I do now way early. But I got pushed away from and actually several times in my life. I got close to doing stuff online, and I ran into bad teachers and bad courses. The ability to choose a bad degree is dangerous. You can send your child to a really good school, and they could end up with a degree in feminist chemistry. Here's the thing. I don't even know what that means. My sister took a class on underwater basket weaving. We have these courses that were developing now, and there's no job. But there's no such thing as a feminist chemist. There's no job where they say we're looking for famous chemist. That's my problem with that. I don't care what you're learning. I care if it turns into a job all of these degrees more more where you basically only available job afterwards as activists. Now, when you're a professional activist, you're also professional, Bagger. You have to raise money and raise funding. Now that's a path you can go down if you're big believer. And they're certainly charities that I donate to charities. I believe it. I have no problem with any of that. But do you need to go to college to develop the ability to complain about stuff and ask for money? I just look at all these people who their parents been a great deal of money, and they're now unable to support themselves if they ever leave their cause behind if they ever mature. And as you know, many people in their political opinions and things like that change over time as we get older, or the thing's gonna be activist about the causes I cared about when I was 18 or different, not because I care about in my thirties. You know, a lot of changes. You're trapped because you don't have a marketable skill. So when you're thinking about sending your child to college and you realize they can choose whatever degree they want, there's a very good chance that she was a crappy one. You're stuck because and you say What are you doing? You won't be able to do anything. And no, you're too my life. You know what does make sitcom fights where they go? No, it's my life. I wouldn't choose all to do with my life. And, you know, man, they're spending $100,000. You gotta learn how to do nothing. That's not what I want, whether it's a degree in American history or I love history. Actually, a lot of my degree is history. Is there some fortune when you ever in history, you pretty much all you could do is become a history teacher. We're back into the pyramid scheme again. There's a lot of cool things you can learn in school, and I think their finest minors. But they shouldn't be majors. It's very hard, even stuff that I think is really cool art history degree. Wow, that's really cool. How many jobs are there for museum curator Sze? Not that many. I know this because one of my siblings has that degree. That's why she had to go to graduate school and get a different skill. You can learn wonderful things in college and is very fun to learn for the purpose of learning. These are all things you can learn from books in the Internet. Now, if you want to learn our history, I I didn't go online. There's tons of you. Look at a picture of everything not to go to college to get the book anymore. Everything they teach you is free. There's tons of free universities on like the universe is teach free classes online, their sons and tons of stuff. You can learn when you're learning for this purpose of learning online and for free. You don't have to invest huge amounts of money. So the circle back and maybe you think some of the greats I talked about were great and so valuable. It's not the content. I want to be very clear. I have no problems learning the content would have a problem with his paying huge amount of money to learn something where there's no return on your investment, you're paying for your kid to go to college. Your kid can make enough money to support themselves. When they graduate, your child's gonna discover just as I did. That department that helps you find jobs has no idea what to do. They know what they're doing. They basically help you a little bit, sketch out a resume. Their job is to get you to take any job they can't. Okay, one of things they try and do is tell you to be like a realtor or something, which is where it's your self employed, and they can say you have a job when they're not making any money. My friend was a realtor for awhile. He didn't sell a single house, but Accounts is being employed as faras. The college is concerned, so they're really focused on the size of their numbers because their business, the higher they can say their closure rate is or the percent of graduates who get jobs is Maur money they can charge. So manipulating the numbers any way they can make some more money is unethical. I'm not really sure. I'm not sure that it's unethical because they're very careful not to say good job or high paying job or a safe job. But they definitely script line and honesty, and that's why I think there are better ways to invest your money. So I hope I've answered your question today about whether or not colleges in good investment, There are cases where definitely ISS doctor lawyer scientists where you're learning specific skills. But if you're going to college, to discover yourself or you're gonna graduate college with a degree that doesn't lead to any monetization in college is a terrible investment, and they're far better ways to raise train, educate and prepare your Children to have amazing lives. Thank you for listening to this week's episode of Serve No Master. Make sure you subscribe, so you never miss another episode. We'll be back tomorrow with more tips and tactics on how to escape that rat race hit over to serve no master dot com forward slash podcasts Now for your chance to win a free copy of Jonathan's bestseller Serve No master. All you have to do is leave a five star review of this podcast. See you tomorrow. Thank you for listening to this episode of the serve. No master podcast to find out, I can get a free copy of my new book Head Over to serve no master dot com back slash podcasts right now