Why you should quit college
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Why you should quit college.

ByAI Alex

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:

  1. 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.

  2. 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?

  3. 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.

  1. 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.

  2. Don't worry about the social aspect of college. There are many ways to meet people and network that don't involve college tuition.

  3. Save money for your future ventures. Living cheap and saving money when you're young will give you options later.

  1. Focus on self-education. The internet has endless resources for you to learn from.

  2. If entrepreneurship interests you, know it's okay to fail, especially when you're young. You can try again.

  3. 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 by Alex Hormozi

"The reason most people to go to college is because that is what's expected"

– Alex Hormozi

"You have to think how reversible is this decision and how much long-term impact is it"

– Alex Hormozi

"The opportunity cost is the loss of potential gain from other alternatives when one alternative is chosen"

– Alex Hormozi

"The world doesn't need another 3-1 business degree from Pepperdine"

– Alex Hormozi

"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

Full Transcript

year old 18 year old 19 year old who's considering going to college or quitting college right now should i spend the next four years going to college hopefully i can equip the parents and the kids to make a call with as little societal pressure as possible when i lived in austin my next-door neighbor was 18 years old he was at this important decision in his life where he was deciding whether he was going to go to college and i knew his parents and it's kind of interesting because i sit halfway between his parents and him so i kind of have both sides he decided to enroll at pepperdine after a semester he didn't really like it and i think a lot of it was because it was just kind of expected that he'd go to college there i had developed a rapport with him and you know he used to work out with me at my home gym after school and whatnot and so i was like hey man let's go for a walk and i think we walked for about an hour and we just walked around the neighborhood and i'm pretty sure that that conversation significantly shifted the trajectory of his life there we go all right the reason most people to go to college is because that is what's expected they don't think about the decision they just do it because it feels like the next natural path it's the same thing for having kids and getting married and buying a house but let's not get into that he went from going to pepperdine to dropping out his friends his family his friend's parents started looking at him different he was like the troubled child he was like i don't know about him two years later he now has 250 000 saved up as a 20 year old makes 200 000 a year right now as a sales guy what i want to do is break down the split in the road of two different lives that he could have lived or that you could live or that somebody that you know who's facing the decision could go through and i'll tell you how the conversation i had with him went what's up man so i said listen you're at a crossroads right now we have crosswords every day in our lives i was like but some crossroads are bigger than others and when you're trying to make a decision you have to think how reversible is this decision and how much long-term impact is death if i'm choosing between chinese and mexican for lunch it's a split in the road and it's really not going to affect much for me down the road choosing to go and commit four years of my life between 50 and 200 000 of money and the lost income that i would have made during that period of time those are very big irreversible decisions and they need to be treated with the same amount of respect and a lot of people don't because they make that decision because their parents are selling them to which seems like the overused one but realistically because they don't want to be the kid who did it wrong who didn't do what they were supposed to do and didn't do the next natural step that's a terrible reason to go to college i would like you to approach it with a decision-making framework that makes sense so it starts with and this is me telling him this i was like what problem are you solving he's like well i want to make money so the question is four years from now if you have a degree and you lost the money and you lost the earning potential you had during those four years is that you more able to generate income than an alternative you because what we have to analyze is not the cost of college but the opportunity cost of going to college the opportunity cost is the loss of potential gain from other alternatives when one alternative is chosen so when we choose to go to college there's an opportunity cost that exists and it is the single greatest cost that people do not take into consideration it's the cost of not doing of what you could have done in the meantime one is it's going to cost you money because you actually got to spend money to do it the second way it costs you money is that you're not going to earn what you probably could earn full time working if that's what you wanted to do you got two sides there if you spent four years versus starting a business and then four years later the opportunity cost is the business you could have started and what you would have four years later so i'm walking with him and we're this is like a one hour really in depth like this is probably deeper than he and i have been because i'm still this neighbor from across the street that like makes money on the internet right but his parents like trusted me enough to be like you know i know that you have a lot of influence over our son and like we just want you to know that like we know you do and so like please be careful and i was like i'm aware he's in good hands don't be afraid for what i'm going to tell your son i was like listen if you want to make money then you need income generating skills do you think your philosophy degree your sociology degree your psychology degree your economics degree even which is still a little more useful is gonna give you actual skills to make money he was like i don't know and so i'm here to tell you what actually makes money there's this lie that has been sold that you need to learn general education i can tell you ancient chinese literature has never impacted my ability to make money aztec culture don't know anything about it but it's classes and they somehow fool kids into thinking that if they take this class they're now somehow going to be more equipped to add value to the marketplace if alex were redoing the education system the majors would be in accordance to the departments of a business you'd have marketing and it would have the actual ways to market which is creating the materials of marketing and how to distribute it you'd have sales how to get strangers to give you money delivery portion which would be either physical products delivery or services delivery which would be customer experience customer success or it'd be technical electrician plumber lawnmower whatever it is so then you have the actual technical component of the services delivered and then you have the supporting services which are like finance hr legal those would be the things that people should major in because those are the things that you're gonna get hired to do google stopped requiring college degree big tech corporations have stopped it because they realized it too that it's not value additive if i'm a doctor or a lawyer you need a degree sure but for the 99 of people who don't fall into six careers that you have to have one people were like alex you went to vanderbilt i graduated a year early so i tried to get out as fast as i possibly could one of the regrets that i have is that i could have started sooner and the reason why i didn't drop out of college is because i was too too scared to disappoint my father if you're gonna do it eventually you might as well do it now when i see the guys who are starting at 18 i'm like man i wish i had started then rather than 23. i would have five more years zooming back out i'm walking in the street we're talking together and i told him this line i said the world doesn't need another 3-1 business degree from pepperdine another b student who graduates because he didn't really give a right he would just do good enough that he would get through and this is what he brought up he's like but what about like the social experience of college i was like so do you think that if you don't go to college you're not going to be able to party with people who are your age i was like real talk and he was like well like kind of if the problem to be solved is to socialize you there are way more efficient ways to socialize you than spending 200 000 and not making income you can work all day and then make my objective for this period of time to have fun then work all day and then literally go out every single night and you'll end up debt-free with savings and have a hell of a crazy four stories and that's fine if that's what you want to do i was like is that what you want to do he's like no and i think at some point in the conversation he's like i kind of want to do what you do and i was like well then you got to learn the skills that i had to start five years older than you to start learning right and the first thing was you had to learn how to sell let's just go down that path if you're watching this you're like well i don't like sales i told you all the other departments that you could focus on if you're like you know what i like being behind a camera then cool what do you think behind a camera means in a business behind a camera means you're making content you're making commercials pick one that's what video is used for right if you're like i like writing words what do you think writing words are used for in business they're used to sell or deliver that's it or legal to protect people from selling and delivering i like dealing with people it's like well it depends are you a little bit more aggressive you might like sales if you're a little bit more passive-ish and i'm not saying it's a bad thing you might like more of like the hr or you might like recruiting you might like selling people rather than selling products different ways to thinking about it and so you can take your skills and then bucket them into which of these departments make more sense and then that's what i'm going to focus on zooming back out so i said now we need to look at your 3-1 degree 200 000 of debt four years later versus four years from now you're gonna have saved money this whole period of time so he's living with four guys because i was like dude you're living cheap that's how this works so he saves a lot of money which is why he is 250 000 saved up at 20. that's not from alex doing anything like he worked for it he worked for it he saved every dollar that he made and what do you think he's gonna be able to do in four years some people start his own thing with a ton of capital and skills as we're walking through these four years what do we think happens now he's like i really like sales now he happened to have liked sales the blessing that he got was he had a mentor which obviously was me i could see his personality i was like dude i think you'd do well here and he did like he did well but if he was that camera guy and he really liked more of that stuff or if he was really techy i would have been like dude go start coding and so all of like you have this bass skill and it's like where do i want to apply it if you're like i don't know you're never going to know because how would you know you know by starting and then you'll gain context to make the decision later all you know is the experiences you have and so all you have to do is just always look around every so often be like have i learned everything that i'm going to learn from this branch and if you've learned everything you're going to learn then at that point you can make the pivot right but if you're like dude there's still a lot for me to learn do i want to learn that is it the direction i want to keep going i remember when i did my first years of consulting i looked down the road 25 years and i was like i don't want that life this is a hack that i will give you for very big decisions is that you want to keep thinking on it keep chewing on it keep digesting it until you can get into a single statement which is for him four years from now given the cost which of these two paths will give me the most potential for my future and he was like well i think the other one and i was like then what are you gonna do so he decided to drop out and he ended up going to sales and he was terrified in the beginning he sucked at sales because he had never done it before of course he would suck and of course you will suck too because you haven't done it but how do you think you get good you start by sucking and then you suck less that's how it works until eventually you look back after hundreds and hundreds and thousands of repetitions and you're like oh i'm actually pretty good at this and it's reasonable that you'd be good because you've done it a thousand times he likes sales it's probably gonna be the direction that he takes directly in his life he's like what do i need to learn now so i was like okay how do you move up it's like uh i could start a business i was like yeah i was like what are you what skills are gonna need to start a business i gotta know how to market i was like well you already learned how to cold calls like that's your first acquisition channels we got that handle which is why i put them there it's like okay so i have that so i can get customers all right and i know how to sell so i got that i was like what are you going to deliver it's like well i really do like teaching sales so i was like well who the have you taught sales to he's like i guess i have it i was like hmm sounds like a skill you need to have he's got to learn the skill of how to transfer a skill from himself to somebody else what are the other skills he's going to have to learn well he's going to have to learn how to do finances he's going to have to get contract set up so you can have services agreements things like that but again these are all googleable things that you can do you can figure those things out in a couple days it's not a big deal for the parents who are watching and the kids who are watching this at home are trying to make the decision is do i think that four years from now with 50 to 200 000 in absolute cost and probably higher than that an opportunity cost of the cost of the path not taken which of these two paths will lead me closer to where i want to go and if the goal is to to make income then you have to look at that 200 000 and all the things you could buy with that 200 000 in four years of time and think is there another way that i could reverse engineer four years to get me to where i want to go or if you just really like the technical expertise that you have you go super deep on the technical expertise and then you bolt on one additional skill this is the one skill i will give you that you need to bolt on to instantly give yourself the lift in whatever career you have you gotta learn how to deal with people you gotta learn how to manage you gotta learn how to lead you're like that sounds like the soft tough and it is but it's also how you're gonna get promoted it's how you get respect it's how you gain influence and you also realize that the technical thing that you're really good at is probably not the thing you're gonna be doing in the business you just gotta know it well enough to teach it to somebody else his parents came to me after like i talked to him and they're like alex can you please just tell me again on why he should be you're like telling him to to quit college i was like i'm not telling him to quit college i'm telling him to make the best decision for where he wants to be in four years i'm not telling him not to get educated i'm telling him to get super educated in the thing that he wants to do the best people in the world anything learn for themselves they are self-taught if you can adopt that mentality then the world is your oyster because you realize that you can learn whatever you want whenever you want you don't need a certification or permission to do that which of these paths four years from now given the opportunity cost is going to get me furthest towards my goal here we go all right what's up man what's up what's up so i was responding to the comments that you had that they didn't think that you were real so this is uh this is to my my youtube audience to know that jacob is indeed a real person can you confirm that you lived as my neighbor next to my house and that we did work out every day after school yep and then how are you now i am 20. i still can't drink yet tough life um so you're in sales now right what are you making right now i'll probably hit 2.50 nice to be king and then how much money you have saved up 210. okay so over i it was i thought there's two i thought it was 250. i got the 250 mixed up so it's 210. what would you say has been the like the biggest mental mind shift change etc from uh from our talks in our chats that's a good question [Laughter] well you decided not to go to college right is that the walk that did it i did i did go really aggressive on that walk to be fair so you had now at that point been in school for a semester what was the reason you decided to take that jump i think that the the line that really hit when you said and i'm paraphrasing it it's mostly acceptable to fail at entrepreneurship because you're still in school and you're using it as a crutch i think that that was like oh that's it yeah so you were because you were dabbling on the side and you weren't succeeding at the entrepreneur thing which is what you really wanted to do and you were using college as a social safety net to give yourself an excuse for why you weren't winning exactly and so then you uh decided to go all in on it then we went all in we did it all right say hi to me you're in the closet say hi to mozy nation so that is to confirm that jacob is indeed a real person uh with a real pulse and a real story and if it worked for him it could work for you thanks i appreciate you go back to your sales calls [Laughter] jacob was lucky as hell that he just happened to have been my neighbor um that's right jake i could just tell that he was incredibly hungry i knew that he had this really deep desire to prove himself when i see something like that i'm like cool like and the way i tested that i was like shop after school every day we'll work out and i wanted to see if he would show up and like clockwork no matter what every day he would text me it wasn't like me having to text him or remind him i knew that he had that desire and he would take as much as i was willing to give if this video caused you to question a couple things or maybe even brought up more questions than it did answers because it opened up your mind to some things what i'd recommend doing is watching this video my video about how to analyze opportunities and so if you're looking at okay maybe i don't do college but what path do i go on that will give you the framework to make the decision on how you analyze opportunity in your life and a business that you might potentially start etc hope you enjoy they're like when are you going to start like hormoza university and like train these guys on the scales and maybe someday

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