Are you currently attending college, or do you know someone that is? Based on their degree choice, their college education might be a complete waste of money! According to Money.USNews.com, there are for sure 5 degrees that simply aren’t worth the expense: (1) Social Work, (2) Elementary Teachers, (3) Theatre Arts, (4) Family and Consumer Studies, and (5) Anthropology and Archaeology.
On average, these degrees can cost over $100,000 to attain, but only pay out a little over $30,000 a year. You could make $30,000 without the degree at your local manufacturing plant!
Why Is Everyone Going to College?
There are quite a few reasons why teens automatically sign up for college once their high school days are over. Let’s explore some of these:
1) Their parents may have felt trapped through life because they didn’t have a college degree and saw a bunch of young punks pass them by, just because they had a piece of paper from a university. On the flip side, maybe their parents achieved great success because they got their degree and it separated them from their peers. Either way, they think that if their kids have a degree, they will automatically be successful.
2) They’re scared of the real world. I think there are quite a few kids out there that just don’t want to grow up yet! They can go to college, be their parents’ hero, and still party every night for the next 4 or 5 years. It beats the heck out of facing the reality of bills and daily work.
3) Everyone else is doing it. Without looking up the official stats, I think it’s fair to say that over half of high school students have plans to attend college. And, I bet most of them have absolutely no idea what they want to do with their lives!
4) They have dreams of success. Every child has been fed the line that ‘if they want to succeed in life, they should go to school, get good grades, and get that wonderful job with great pay and benefits.’ Little do they know that their career choice might not even find them work, but all that schooling will definitely guarantee them a large debt load…
College Does Not Guarantee Success
Did you know that 20% of those that receive a college degree can’t even find a job (that’s why I prefer a Debt Free Degree)? Not only can’t college guarantee success, they can’t even promise you a job once you’re done!
What if I walked up to you and said, “I’ll make you a deal. You agree to pay me $100,000 over the course of the next 5 years, I’ll probably find you a job that pays $40,000 a year instead of $35,000 a year.” Does that sound like a good deal to you? It just sounds crazy! But, since everyone’s doing it, we don’t think twice about paying a large amount of money to those college institutions.
What Else Can You Do?
Do you know what made America great back in the early days of our country? Entrepreneurism. There weren’t huge corporations like there are today. The great majority of people developed a skill and went into business on their own! It wasn’t always easy, but as long as you’re able to fulfill a need for society, you’ll earn a good income and you won’t have to depend on a piece of paper for your worth.
Granted, today things are a little tougher, but there are still quite a few opportunities for those that want to avoid the cubicle life! I started this blog without the thought of earning a “full-time income”, but now that I’ve experienced a couple of years in the ‘online world’, I realize that it’s entirely possible! There are so many ways to earn money! You just have to dip your foot in the entrepreneurial pond!
Have you ever thought about how you could earn money without depending on a college diploma? What would you do? Do you think college is a waste of money?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.