202: College? There Has Got to Be a Better Way [Podcast]

Company of One

A conversation I often have with parents is something like this:

“College? There Has Got to Be a Better Way”.

College is like a money pit and does not offer such a powerful tool to create wealth and security as perhaps it did. In fact, if chosen poorly, it generates the opposite.

So today, I want to dive into the issue a little deeper and explore some thoughts.

College? There Has Got to Be a Better Way

The college experience has some issues that often go with it.

1. massive debt
2. wasted time
3. opportunity cost
4. converting good thinking kids into – well, something else (garbage in and reprogramming)

Yet as parents, we only hear of a few alternatives

• Military
• Trade school
• Living in the basement forever

The truth is, we want for our kids the same thing that the college experience used to really offer. We want

• Opportunity to do anything they like
• Ability to earn and prosper
• Success on their own terms

So to think about this, let’s start by unpacking what college does still offer

• A plan – course plan to get a degree that maps to some career
• Measures of success – classes and grades
• Accountability – timelines, deadlines
• Credentials – diplomas showing success

Now the question is, how do we get this without college?

Click here to listen now.

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Links mentioned in this episode:

• 148: Can You Become an Engineer (or anything else) without a College Degree [Podcast]
• 016: How to Measure the Value of a College Education – A Do-Over! [PODCAST]
• 145: Does it Matter Where You Go to School? [Podcast]