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Successful life without college???
- Thread starter MaGilicuti
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rudedawg
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Jimsbbc said:
True but working for a large corporation SUXXXXXXX
And I know plenty of college grads that aren't even in the field that they got their degree in!!!!
This is sad.
"Beats the system" I didn't realize there was a "system". I just thought college was a choice. JUST LIKE EVERYTHING ELSE IN LIFE.
Let's take a guy I know who is an OR Nurse. He went to school for his nursing cert. (RN I believe). He didn't go to college. Now he lives in Maui, with FREE housing, a food/grocery allowance, an auto allowance, and makes like $36/HR. in addition to all that. And still has time to surf and kiteboard. He's not a millionaire, but he has time and money and he's happy doing what he wants.
I agree with most of Matt & Puc's posts (and a few of the others). You have to have a VISION and a clearly laid out plan, and the burning desire to accomplish that plan. This will drive a person to succeed, if their dream is big enough. And yes, ANYONE CAN do it! Not everyone will, because most people are lazy and look for the easiest route to take.
"Beats the system" I didn't realize there was a "system". I just thought college was a choice. JUST LIKE EVERYTHING ELSE IN LIFE.
Let's take a guy I know who is an OR Nurse. He went to school for his nursing cert. (RN I believe). He didn't go to college. Now he lives in Maui, with FREE housing, a food/grocery allowance, an auto allowance, and makes like $36/HR. in addition to all that. And still has time to surf and kiteboard. He's not a millionaire, but he has time and money and he's happy doing what he wants.
I agree with most of Matt & Puc's posts (and a few of the others). You have to have a VISION and a clearly laid out plan, and the burning desire to accomplish that plan. This will drive a person to succeed, if their dream is big enough. And yes, ANYONE CAN do it! Not everyone will, because most people are lazy and look for the easiest route to take.
A vast majority of the financially successful people in America are business owners. Most, I'd say, have at least some college experience. It might surprise most of you to know the number that don't have a degree (I'm not sure of it, although I've heard it before and was surprised myself).
It's a lot easier (IMO) to stay in college and get your degree, and just go out there and do what the educated derelicts you had for professors (most of them (again IMO)) brainwashed you to do; and that is to just go get a job.
It's easier to follow the status quo than to go start a business. Most people aren't comfortable with the risk involved in starting their own business. Most people don't want to have to wait five years (on avg.) to get out of the red. But, the rewards after that can be out of this world.
I believe success is:
TO HAVE TOTAL CONTROL OVER TIME AND MONEY.
That way one can do whatever they want, with whomever they want, whenever they want.
It's a lot easier (IMO) to stay in college and get your degree, and just go out there and do what the educated derelicts you had for professors (most of them (again IMO)) brainwashed you to do; and that is to just go get a job.
It's easier to follow the status quo than to go start a business. Most people aren't comfortable with the risk involved in starting their own business. Most people don't want to have to wait five years (on avg.) to get out of the red. But, the rewards after that can be out of this world.
I believe success is:
TO HAVE TOTAL CONTROL OVER TIME AND MONEY.
That way one can do whatever they want, with whomever they want, whenever they want.
Just some info:
A 25 y/o who wants to retire at age 50 with a net (after tax) income of $5,000 a month (today's dollars):
Given an inflation rate of 3.5%, will mean it will take $11,979.11 in 25 years to buy what that $5000 will buy him today.
Let's say our man wants to have this income last until death at the ripe old age of 95, and keep pace with inflation. We'll assume a rate of return on his "pile" of 10%, minus our 3.5% inflation, for a net rate of return of 6.5%. The "pile" of money he would have to have accumulated by age 50, on his retirement date will be:
$2,091,906.63 (that's 2 MILLION +) ;-)
And, that will have to be in a tax free vehicle, otherwise the "pile" would have to be bigger.
Now, if he's starting today with zero, and is investing in a tax deferred plan, earning 12% on his money (about what the S&P and a combination of small and mid company stocks have done over the last 75 years), he'll have to start saving,
$1113.40 a month (before any fees incurred from his investment choices)
Now, he can never miss a month. He has to invest that amount every month or else he will miss his goal (given these assumptions).
food for thought
Oh, and one more thing, this is not an advertisement nor solicitation to buy or sell any securities. The examples used here are hypothetical, and may not be indicative of your situation.
A 25 y/o who wants to retire at age 50 with a net (after tax) income of $5,000 a month (today's dollars):
Given an inflation rate of 3.5%, will mean it will take $11,979.11 in 25 years to buy what that $5000 will buy him today.
Let's say our man wants to have this income last until death at the ripe old age of 95, and keep pace with inflation. We'll assume a rate of return on his "pile" of 10%, minus our 3.5% inflation, for a net rate of return of 6.5%. The "pile" of money he would have to have accumulated by age 50, on his retirement date will be:
$2,091,906.63 (that's 2 MILLION +) ;-)
And, that will have to be in a tax free vehicle, otherwise the "pile" would have to be bigger.
Now, if he's starting today with zero, and is investing in a tax deferred plan, earning 12% on his money (about what the S&P and a combination of small and mid company stocks have done over the last 75 years), he'll have to start saving,
$1113.40 a month (before any fees incurred from his investment choices)
Now, he can never miss a month. He has to invest that amount every month or else he will miss his goal (given these assumptions).
food for thought
Oh, and one more thing, this is not an advertisement nor solicitation to buy or sell any securities. The examples used here are hypothetical, and may not be indicative of your situation.
Yes of course you can be successful with out college, but that depends on what you think success is. I don't have one, I spent 6yrs in the USMC and now work in the chemical industry and made $65K last yr and have already made that so far this yr. I might add that I will make more $ this yr than most of the college degreed Engineers at my company. 
MaGilicuti
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signing up for my classes online as we speak
lincoln
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