A word from James Altucher:
Kids at 18 have no idea what they want to do in life. The world is a very big place. Its bigger than five classes a day on philosophy or chemical engineering. Most kids at 18 don’t relish philosophy but they relish the experience of freedom and being out of their parents’ home for the first time in their lives. There is nothing wrong with this. Young adults have a lot of energy and should use it. But the problem is that college costs have risen 1000% in the past 30 years while healthcare has risen 700% and inflation has risen “only” 300%…
…A lot of people say, “Oh, James Altucher went to college so he shouldn’t be talking about this”. Well, why not? I saw what people were doing in college. I know now how much I learned in college and how much I learned in other experiences in life and which is more relevant to me now at the age of 43. And, btw, it was much cheaper when I went to school than it is now. So when did I develop this theory? Almost immediately when I realized college had nothing to do with any successes or failures that I had in life (and I had A LOT of failure despite college). And also, it took me 8 years to pay back my student loan debt. Now it takes kids 30 years to pay down that debt. Its not fair to the youth of our country.
A) you learn very little that you use in real life
B) you are so burdened by debt that you can’t use your new-found
knowledge to create real freedom and joy for yourself
C) a young person can use their energy in many other ways than just college
Read the whole article here.