College is Good for Getting a Job but Not Necessarily for Getting Rich
Grow Your Business, Not Your Inbox
I went to McNeese State University. I promise you I’m not where I am today financially because of the formal education I received. Going to college is a path to the middle class -- not to becoming a millionaire or even a billionaire.
Highest level of education completed by the 400 richest Americans (as listed by Forbes) 2012.
This graph shows a break down of the highest level of education achieved by Forbes 400 wealthiest Americans as listed in 2012. 27 of those who make the list of America's billionaires held a high school degree as their highest level of education and had never been to college.
Amongst the most famous college dropouts turned billionaire entrepreneurs on the list are of course Mark Zuckerberg, Bill Gates and Sean Parker.
Related: The 12 Skills Every Millionaire Must Have
While it’s true that many of the super rich did go to college, was their education the reason they got so rich?
I wish I would have gone to Harvard -- for the connections, not for the education. I also wish I would have paid more attention when I was going to college. Unfortunately for me -- and so many others -- I had no direction on why I was there and had no purpose for what I was learning, so I left my university with a piece of paper, debt and no idea about my future and very few skills.
Successful people don’t value effort or time spent on an activity; they value the results. If college gave you great results, then that’s great. I know many people leave school wondering why they went into massive debt while they are still unable to land a decent job.
If the goal of college is to be financially secure, then it is failing miserably.
The problem is not in education, but the approach. When you approach an education you must think about skills, not just information or knowledge. Only 27 percent of college graduates are even working in the field they studied. One of the reasons you should study is to gain skills. The only things you can use every day to bring more value to the marketplace are your skills.
There are 28 million small businesses in America where almost two-thirds of them break even or lose money. Most businesses are not making it because of a lack of skills --not a lack of educated workers. We live in an age when knowledge and information is available everywhere, so what's missing? Skills!
We need more skilled people, not more educated people. We need motivated workers -- and motivation comes from having skills. Great entrepreneurs, salespeople, and successful people that get results aren’t born great. They are educated, motivated and trained to be where they are at.
Skills that result in you having an increased value in the marketplace is the reason I created Cardone University, where you get access to the best information available for growing your business, handling customers, marketing to grow your brand, and how to follow-up your customers to you dominate your market.
All of this is delivered to you on demand for less than the cost of books at any university. I also know that between college and Cardone University, one has a much higher ROI.