58. We Don’t Need No Education

Today we talk about the advantages and disadvantages of college, why I think it’s a bad deal for almost everyone there, and other options that are far better.

This will be a little different than most podcast episodes, but I think it’ll be a good one!

You have to stay in school. You have to. You have to go to college. You have to get your degree. Because that’s the one thing people can’t take away from you is your education. And it is worth the investment.

-Michelle Obama

Advantages: Good for doctors, engineers, and lawyers. It’s good for people who go in for specialized training to do complicated jobs that pay well.

Disadvantages: It costs a lot, so if you won’t make a return on investment, it’s not worth the investment. It messes up your credit and makes it nearly impossible to create wealth in your early adulthood.

Better options: Trade schools are great. You can learn how to make $60k in a few months in many of them. Then, you read on the side to get the education Michelle Obama was talking about in our quote of the week.

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