Is College Worth It in 2019?

I’m gonna get right into it we’re gonna give five pros and five cons of going to college and then I’m gonna give my own experience about college and how it’s helped or not helped me throughout my career let’s get right into it so pro number one is that college graduates make more money versus con number one that student loan debt is crippling for college graduates so let’s give some factual information here the average college graduate makes five hundred and seventy thousand dollars more than the average high school graduate over the course of their lifetime now for the con as of May 2018 about forty four million Americans owed over 1.5 trillion with a T dollars in student debt forty five percent of people with student loan debt said that college was not worth it so Pro number two is that more and more jobs are requiring college degrees versus con number two that student loan debt often interferes with life

milestones and for students to live with their parents later in their lives and it also delays marriage financial independence and other adult milestones while I kind of greed with both of these here’s some facts for each only thirty four percent of American jobs require a high school diploma or less in 2017 compared to 72 percent in the 1970s for the con we have twenty percent of Millennials or homeowners and most Millennials say that their student debt has delayed home ownership by seven years on average

what are your thoughts guys leave a comment down below Pro number three college graduates have more and better employment opportunities versus con number three many college graduates are employed in jobs that do not require a college degrees so facts for the pro is that eighty five point two percent of college freshmen

20:15 said that they attended college to be able to get a better job in January of 2017 the unemployment rate for college graduates aged 25 and over with a bachelor’s degree was 2.5 percent compared to 3.8 percent for those with some college or associate’s degrees and 5.3 percent for high school graduates and 7.7 percent for high school dropouts the facts for con number 3 is that according to the Department of Labor as of 2008 17 million college graduates were in positions that did not require a college education one in three college graduates had a job that required a high school diploma or less in 2012 so I think that’s pretty interesting you guys what are your thoughts Pro number four is that college graduates are likely to have health insurance and retirement plans con number four is that many recent college graduates are

underemployed so the fact to backup Pro number four is that seventy percent of college graduates had access to employer provided health insurance compared to 50 percent of high school graduates con number four facts state that in 2011 50 percent of college graduates under 25 had no job or a part time job which is pretty crazy

the unemployment rate for recent college grads was eight point eight percent in February 2013 and that’s actually down from ten point four percent in 2010 when I graduated and finally Pro number five states that young adults learn

interpersonal skills in college while Kahn number five states that many people succeed without college degrees so these are way too ambiguous to state any facts I’m not going to do that at this point I’m just gonna take over and give my anecdotal experience of being a college graduate so I graduated in December of 2010 with a finance degree and a minor in entrepreneurship and I’ve had a successful career in commercial real estate and also in commercial banking however I will say this I did graduate in December of 2010 when there was still blood in the streets during the

recession and unemployment rate was above 10 percent as I just mentioned I will say from my anecdotal experience I ended up selling cars after I

graduated college I’m bilingual and a finish with a finance degree and I did something that you can do without a high school degree just to get a job so a lot of this has to do on whether you go into a field that’s very specific or

specified such as nursing being a doctor an engineer etc etc something that’s very specialized versus graduating with a finance degree which is still specific but just graduating at the wrong time so I think that if you’re someone that has a plan and knows exactly what you want to do college isn’t for you you don’t have to go to college if you practice entrepreneurship or going to the trades or want to do blue-collar work I think that you can do very well and be very respected at least from someone like me I will respect blue-collar workers because it’s a very hard work and it’s also a trade that not everyone can do so ultimately in my experience I think networking in college is great I think having fun with friends in college being on your own being an adult not being around mommy and daddy those are all positives and going to college and actually learning about yourself and discovering about who you are but also not going to college doesn’t mean that you don’t know how to network or you know discover yourself I think a lot of it just has to do with the maturity process of becoming an adult anyway so just to wrap up this video I think these five pros and these five cons are both very valid at the end of the day I think if you’re a go-getter and a hustler and know exactly what you want you don’t need to go to college if you’re someone that wants to be respected part of your community and you’re someone that wants to build a career over time and think that a degree will get you into that door then you should go to college however with college becoming more and more expensive and this being a finance Channel that’s something that you really have to weigh the ROI meaning the return on your investment if you’re going into a specialized field as I mentioned the ROI is there because you know you’re gonna get a job as a pharmacist a doctor an engineer a nurse whatever if you graduate with a generic business degree there may not be those opportunities and you may never see that ROI so you have to weigh the pros and the cons and I hope this video did a good job of helping thank you so much if you got value out of this video

please like and subscribe it really helps me and if you’re interested in the stock market take a look at my weekly stock letter below thank you so much have a prosperous day alright let me take you through the emotional stages of college here real quick you get the acceptance letter you’re like oh I’m going to college I’m going to college first in my family I’m going to college oh alright and then you get the bill that says okay this semester costs $16,000 with room and board and food you’re like damn 16 grand you know I can invest in a rental property for that I can put down a down payment or some you know it’s okay I’m going to college I’m getting my get my degree and then you get into your sophomore you’re like oh man I’m like 20,000 in debt you know but I’m getting my degree and then you can’t get a good job can’t get an internship you started going what the hell did I go to college for man what is this give me get me out of here may give me to the Community College then you start seeing your uncle doesn’t know how to spell his own name and he goes man I just started my plumbing business I’m making 120 grand a year you know I’m doing very well they live long you’re like man I went to college this guy’s making twice as much as me and I got dead out the wazoo what is going on but I got my degree I’m a respectable citizen and then you just end up middle class and then you watch videos like this and how to invest and how to get your bankroll up baby yeah we’re gonna have invest and we’re gonna wear you know something not only are we going to New Hampshire Tom Harkin we’re going to South Carolina and Oklahoma and North Dakota and New Mexico California please click the big red button to subscribe it really helps me when you do that and click the bell for notifications so you never miss a video.

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