And it has nothing to do with being bored out of your mind!
Now, don’t get me wrong, college can turn out good for some people, but it’s definitely NOT for everyone! Take my friend, and won’t use her name, who graduated top of her class with a master’s degree.
Fast forward 3 years:
After receiving her degree, she still does not have a job in her major. To make matters even worse, she owes over $60,000 in student loan debt. Can it get worse! Yes, it can.
She’s a wonderful an sweet person. But she now works at a job that any person with average intelligence could’ve gotten after graduating high school. Working alongside high school students and with people who never spent the countless hours studying like she did. Oh yea, and let’s not forget, she’s gotta make those monthly payments for her student loan! How could this happen? We’ll go into that in just a bit.
Now lets use another person who took a different road than the above mentioned. The second person did not go to college. Not at all. Yet, she earns well over $7,000 per month in passive income. Now I’ll admit, it wasn’t easy to achieve. But it was done by thinking outside of the box.
She spent many hours learning how to create a profitable online business as well as figuring out how to acquire Income Generating Assets, which is the focus of this post.
Create Income Generating Asset
So, what is an Income Generating Asset? An Income Generating Asset is something that you work hard to build, or a system already created, that puts money into your bank account every month, no matter what. You can never get fired by your asset.
If you pass on, the asset will continue to pay you without skipping a beat.
To really blow your mind, most of the things I learned about finding income generating assets was taught in school. Yea, they teach you about the stock market or whatever, but they don’t really teach students how to build wealth.
With all that said, here are my 7 reasons you should probably skip college
1. College doesn’t teach financial education. “And a whole lot of other stuff”!
College teaches you to be smart and get good grades like mom and dad said. You can get really smart from going to college, like really smart, you might even be on top of your class!
But unfortunately, being smart isn’t enough to make you wealthy.
There are certain vital skills you’ll need on your road to wealth.
Things like failing a lot. School never tolerates failing, yet it is the one thing that teaches us humans best. Financial education is vital for survival, and the fact that college doesn’t really teach that irks me!
Additionally, things like building a team and networking aren’t really taught in school either.
Learning to connect might be the best skillset you could ever acquire. Ever wonder why people who don’t deserve it make way more money than you? It’s because they’re connected!
Additionally, college doesn’t really teach you about the importance of a mentor.
A mentor is someone who has already achieved what you’re trying to achieve. They’ve already did the failing part and now you need to just heed their advice. People who acquire mentors usually get much further than people who try and go it alone.
2. A robot might get the job before you
Think about how far we humans have come. Ever notice that banks now have smart ATM machines? Yup. No longer do you need to even talk to a teller in a bank.
These machines are wicked dude! And they are very efficient, they don’t need a lunch break either. Breakthroughs in technology are increasing exponentially every year.
If it takes 6 years to get a master’s degree, hopefully computers or robots won’t be efficient at your job by the time the dean hands you a master’s degree! Just saying!
3. Student Loan Debt
Need I say more? Did you know that the US holds more than one trillion, that’s trillion with a t, in student loan debt? More debt than car loans.
More debt than mortgages or credit cards. Sounds to me like someone’s doing something fishy.
Just in case you didn’t know, the government really enjoys this. Your student loan debt is not exempt even if you file for bankruptcy protection. Crazy right?
Bankruptcy can protect ALL those other debts, but why not student loan debt?
All you’re trying to do is be educated and helpful to the society. And this is what you get in return? A $60,000 student loan debt along with your degree? I’m thinking there’s much better ways to invest that money, and I can prove it. But that’s for another post!
4. Job Readiness in the real world.
Want to guess what hiring managers are saying when hiring people right out of college? They’d rather not!
Many students have zero skills when it comes to working in the real world.
They might be great with numbers, excellent with computers, and can count to a million really fast, have a 4.0 GPA, but they have zero communication skills, zero networking skills, and zero Job skills!
Much of the knowledge these students have just can’t be applied to the real work being done. Hiring managers want to see a track record of success. They want to see proven experience. Unfortunately, few college grads meet this bar.
5. Available Job Opportunities.
If you spend thousands and thousands of dollars to attend school, and four to six years of your life, you should be able to find a decent job, right?
In theory at least. Unfortunately, this is too often not the case. A recent study showed that only about 67% of graduates actually work in their chosen fields. To make things even more sticky, most students don’t earn anything near what they’d worked so hard for in school.
So, why is this? Well, one reason is my point on actual job skills. But it’s more than that. The college system was set up in good faith during the industrial age. An environment of learning real life skills and team work and preparing students for jobs in the industrial world. I hate to break it to you, but the industrial revolution is long gone, we’re now in what is called the information age.
Everything you need to learn can most likely be found with just a click of a button. A bigger question for you might be, are you equipped for this new information age? Since there is such an abundance of information out there, you’d need to know how to prioritize and categorize what you learn in this age. Mainly because much information gets outdated fast and there is really too much information to consume.
6. Could turn out to be a waste of time
Spending four to six years in college in this day and age is like a life time. I learned so much more from my own time with self-development. As I said before, I didn’t attend college, instead I tried to build businesses during a time many of my family members said I should be focusing on college. They pushed me hard to go to school, yet I resisted.
Many of my first attempts at creating an online business really fell flat. But in the course of trying, I learned many skills that put me in the position I am today. I kept working and learning new skills while adapting to this new and changing world. Eventually, I built some really awesome businesses! If I had been stuck in school I would never have been able to create the passive income streams I created.
Being too focused on climbing the cooperate ladder is really the issue with college. Your job is in their hands. I’d prefer to have money working for me twenty-four hours a day. In fact, I’d rather own the ladder!
7. Entrepreneurship is a viable Alternative
How about creating your own job by creating value in the market place? I’d bet it would be something you’d be good at!
School teaches us to be employees rather than entrepreneurs. It’s amazing how much debt we’re willing to take on for the promise of a good job. Upwards of $100,000 in debt in some cases. And to make matters worse, your boss can up and fire you at any time. Guest it’s time to dust off the resume!
How about trying to build a business around something you love? That’s what I did!
And before I leave. Here’s a quick note from my friend Tai Lopez.
Is A College Degree Worth It?There’s this old, outdated belief that if you don’t have a college degree, you won’t become successful.A lot of people think that having a college degree makes you smarter than people who don’t, but let me tell you, those people are wrong.Here’s the thing, you typically go to school and learn for 4 years, and then most people get out and go into a job and never really grow beyond that, but everything you learn basically becomes outdated by at least 20 percent every year.
That means every five or six years, most of what learned is irrelevant. Most jobs that require a college degree don’t have much room for moving up. You probably won’t become the CEO, and definitely not an owner.
The question is, what are you learning right now?
Learning is a lifelong endeavor. There is an old saying “Formal education will make you a living; self-education will make you a fortune.” The thing about success is that truly successful people are never satisfied, and they want to keep growing and learning. That’s what sets successful people apart.
That’s why I write these emails to you, because you’re going to need to keep learning from other people. You can never learn anything by yourself. You have to read something someone else has written, or watch videos or listen to a lecture if you want to keep expanding your knowledge base.
Now, if you want to go to college, by all means, go ahead. But you gotta remember you can never stop learning.
Have you ever been told how risky it is to build a business? Rather than a safe and secure job? Safe and secure job is an oxymoron by the way. Safe and secure doesn’t really exist in the free economy in my opinion. I tend to think that depending on a job is much more riskier than building a business. If you don’t believe me ask Robert Kiyosaki or Tony Robbins.
A famous quote from Robert Kiyosaki – We go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard for them.
Try to focus more on your financial education and take steps towards becoming an entrepreneur, it might just be natural for you!
Online Courses could be a better alternative for you
Taking classes online could be a better choice for you. The great thing about taking courses are as follows:
- They are very targeted to help you achieve very specific goals.
- They are much cheaper than conventional schools. You don’t have to worry about going into debt to get your degree!
- They are usually pretty fast to finish and earn your degree
- Online courses tend to follow job trends much better. As many of the available jobs die out, online degrees consistently update to stay ahead of the curve.
Think about getting your online degree. It may just be the thing you were looking for!
How about creating Passive Income for the rest of your life?!
Passive income will put money into your pocket every month no matter what. It is the only true gateway to freedom. Freedom of time. Freedom of location. And freedom to be the person you really want to be without worrying about money all the freek’n time!
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