Quote:
Originally Posted by cody
Scott, your example of buying a home in 2005 being a better invetment kinda hit me as funny. One of the reasons I went to a JC for nearly 10 years and never actually went to a University was because I didn't want to go into debt. A couple years later, in 2005, I bought a house because it was "such a good investment". I don't think I'll ever live down my decision to not get a real degree for such a dumb reason.
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That mindset of houses always being good investments is the reason we got into such a housing problem. It's also the exact same mindset that people need to wise up to when it comes to college. At some point, college *isn't* worth the cost. That's not to say an education isn't important anymore... you just need to find the right way to get educated so you're into the job market with the requisite skills and money in the bank.
Frankly, my experience with college was that dumb people that didn't work hard there are still boned when they graduate. A college degree is really only worth what the individual puts into it. Same with someone that's self-taught. If they're smart and work hard, they'll be fine with or without the degree. It used to be that just having the degree was worth 20% more salary or something, but that's quickly going away. A JC, a trade school, an internship, etc are all fantastic ways to learn if you take full advantage of it. And they're becoming even better bang for the buck as employers start putting less emphasis on 4-year degrees.