Did you know that 1.5 million, or 53.6% of USA college grads under age 25 were out of work or underemployed in 2011 and 4 out of 10 grads from the top 100 colleges couldn’t find jobs in their chosen field?*
I am not saying you should quit school or abandon the idea of starting your college degree – but you shouldn’t rely on it. Even if you do get a diploma with very high grades – there is still a chance you won’t get your dream job. There is a chance you will not be paid as much as you hoped for. Many companies have been downsizing or completely shutting their doors since 2008 – “secure job” is a notion of the past and simply doesn’t exist.
But let’s be positive and say you do get a good job with a salary you like – there is a chance you will hate this job with all your guts and you will be bad at it. Are you willing to spend the rest of your life, 40+ hours a week, doing something you completely hate just so you could collect a paycheck?
There is also a chance that you will get a job you were aiming for, with a salary you expected and you would completely love that job – this does happen from time to time. This is why you should pursue the higher education however you must start building a back-up plan as soon as possible, just in case things go sour.
In 2010 I have met a very inspiring young man who started a business from his dorm room. Initially it was an idea of earning a side income to help him pay for college but it turned into a very profitable business long before he had a chance to finish his school, which he did. The difference between most college kids and him was that he finished school completely debt-free and without any worries of getting a job – he was already making more money than any job in his field would ever pay.
In the past 7 years I have met many successful entrepreneurs, most of them didn’t have a higher education and the ones who did were working in fields that were completely irrelevant to their diploma.
The great thing about the age we live in is that you do not need a start-up capital in order to build a successful business. Virtually anyone with a desire to succeed and a connection to internet can make extra cash (legally and ethically) or even create a successful full-time business if they decide to do so.
How do you start a business online? Well that’s the easy part. You can simply join Wealthy Affiliate University training program (basic membership is completely free), you can buy books on Amazon or your local thrift shop and start learning! There are thousands if not millions of FREE resources that will teach you to start your own business without spending any money, all you have to do is get this knowledge and apply it. Most millionaires did exactly that – they took a proven model to success and simply copied it. They took massive action and simply did what other successful people did.
Do Not Quit School.
If you were planning on going to school or if you are already attending a college, don’t give up. However, you should look into starting a part time business while at school, it could help you pay for your tuition and it could become your full time business which would be very helpful in case your diploma won’t offer you such great life as you expected.
Have you thought of starting your own business while in college? Feel free to comment below!