Why you should quit college.
Summary
- If you're an 18-19 year old contemplating college, consider the decision deeply without societal pressure.
- Reflect on whether college truly aligns with your long-term goals, taking into account its irreversible nature and the opportunity cost.
- Understand that college involves financial costs and lost earning potential, especially for those aiming to learn income-generating skills.
- Pursue education in fields directly applicable to business roles such as marketing, sales, product/service delivery, finance, HR, and legal instead of general education.
- Major tech companies no longer require a degree, indicating that specific skills may be valued over general education.
- Consider starting your professional journey earlier if it aligns with your goals; don't postpone due to fear of disappointing others.
- College's social experience can be substituted with more cost-effective ways to socialize and network.
- If you want to learn skills similar to mine, focus on acquiring them directly through experience, mentorship, and self-education.
- Develop your skills in a particular business area, like sales, and then consider how they can be expanded or transitioned into your own venture.
- For parents and kids making the college decision, evaluate the traditional college path against alternative learning and career-building routes.
- Self-taught individuals often excel in their fields; foster a mindset of self-education and lifelong learning to succeed.
- If considering entrepreneurship, recognize that it's okay to fail and learn while you're young, without relying on college as a social safety net.
- Watch my video on how to analyze opportunities for further guidance on deciding your educational and professional path.
- Stay open to the idea that personal drive and hunger for success can open doors, even without a formal college education.
Video
How To Take Action
I would suggest thinking hard about whether college is the right path, especially if you're young and looking at your options. Here's how to turn these ideas into action:
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Ask yourself what problem you're hoping to solve by going to college. Is it for skills, a job, or just because it's expected? If it's skills you want, there might be faster and cheaper ways to get them.
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Consider the real costs of college, not just the money but also what you could be doing instead. Could you be learning valuable skills or even starting a business in that time?
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Learn by doing. If you like sales, start selling. If you like making videos, start filming. Experience is a powerful teacher. You could take a job or internship in a field you're interested in to learn more.
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Look for mentors and people who can guide you. You can learn a lot from someone who's been where you're hoping to go.
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Don't worry about the social aspect of college. There are many ways to meet people and network that don't involve college tuition.
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Save money for your future ventures. Living cheap and saving money when you're young will give you options later.
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Focus on self-education. The internet has endless resources for you to learn from.
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If entrepreneurship interests you, know it's okay to fail, especially when you're young. You can try again.
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Lastly, think long term. Ask yourself where you want to be in four years, and make decisions that get you closer to that goal. If college doesn't fit, it's okay to choose another path.
Remember, you're building your future, so choose the path that adds the most value to it.
Quotes
"The reason most people to go to college is because that is what's expected"
– Alex Hormozi
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"You have to think how reversible is this decision and how much long-term impact is it"
– Alex Hormozi
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"The opportunity cost is the loss of potential gain from other alternatives when one alternative is chosen"
– Alex Hormozi
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"The world doesn't need another 3-1 business degree from Pepperdine"
– Alex Hormozi
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"If the problem to be solved is to socialize, there are way more efficient ways to socialize you than spending $200,000 and not making income"
– Alex Hormozi
