Beware of THESE College Degrees! (Did YOU Mess Up?)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 1 February 2023
⏱️ 20 minutes
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Summary
Transcript
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| 0:00.0 | But where? Are these college degrees? Did you mess up? |
| 0:10.4 | Brun, I am excited about this show because I love when we can share information that might be helpful |
| 0:16.0 | maybe to the next generation or maybe to the folks that are influencing the next generation to make |
| 0:21.0 | wise financial decisions that will have a huge impact on the rest of their life. |
| 0:26.4 | But I absolutely love education. I mean, there's a reason we run one of the largest digital platforms |
| 0:32.6 | for financial education in the world. However, I got to tell you for something that I love and |
| 0:38.7 | cherish so much, I feel like education is broken in some ways. And there's actually been some data |
| 0:44.8 | that just got released that is going to draw light to this. And I'm hoping that we can |
| 0:49.6 | share this information so hopefully you and your family can navigate this better or at least if |
| 0:57.2 | you can't navigate better, you can be the cautionary tell so you can pay it forward to the next |
| 1:02.8 | group that's coming through. Yeah, it's really interesting. We think about the personal financial |
| 1:06.1 | decisions in our life that we make. We often think about buying a house. It's a really big decision |
| 1:11.2 | for most folks. It's one of the most expensive decisions that they'll ever make. When you think about |
| 1:15.2 | automobiles, again, a very large decision that most folks will make. Well, now the landscape in |
| 1:20.9 | the world has changed that where the decision you make around education and the education that you |
| 1:25.9 | go acquire can be one of the most expensive financial decisions that you make. So you want to make |
| 1:30.8 | sure that you make it well and you understand the things you ought to know when you go into making |
| 1:36.2 | that decision. Well, let's go ahead and pull the curtain back, show them the data that's got a |
| 1:41.2 | little bit of a shock and aaw. So yeah, going on right now, I was surprised to hear that 44% |
| 1:47.6 | of job seekers with degrees regret their field of study. That's pretty close to half. It's |
| 1:52.9 | unbelievable. They say, I studied that, but I wish I would have done something different and get |
| 1:57.1 | this only 27% of graduates actually working their field of study. So I went to college. I took this |
... |
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