College: To Go or Not To Go? | Ep 692

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 1 April 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

“The big caveat off the top is, if you want to go into one of those careers that requires a degree, it requires a degree.” Today, Alex (@AlexHormozi) explores the value of a college education versus real-world experience, drawing from their own journey from university to successful entrepreneurship. He encourages listeners to weigh the potential debt, networking benefits, and learning opportunities of college, guiding them in making informed decisions about their educational and career paths.

Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.

Timestamps:

(0:30) - The college conundrum

(2:55) - The real cost of college: debt and its implications

(3:10) - Evaluating the value of education: earnings and opportunities

(9:54) - The impact of education on different demographics

(18:03) - Choosing the right path: college or career?

(21:38) - Self-education and real-world experience

(27:02) - Making the decision that's right for you

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Transcript

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0:00.0	I had a four-year college graduate who comes out with a philosophy degree and I've got somebody who's been in
0:04.9	sales for four years and didn't have a degree and they're the same age, who do you think I'm picking for the sales job?
0:09.6	The guy who's been in sales for four years.
0:20.0	Welcome to the game where we talk about how to sell more stuff to more people in more ways and build businesses worth owning. I'm trying to build a billion dollar thing with acquisition.com.
0:22.0	I always wish Bessos, Musk, and Buffett had documented their journey, so I'm doing it for the rest of us.
0:27.0	Please share and enjoy.
0:30.0	To go to college or not go to college, that is the question in the game of life.
0:35.2	And I'm going to show you the data so that you can make your own decision.
0:40.0	And at the very end, I'll give you my honest advice.
0:43.4	1.76 trillion is more GDP
0:47.8	than every country in the world besides maybe the top 10.
0:51.4	So that means that our college
0:53.8	dates kids, young adults, are taking on more debt
0:57.6	than entire nations produce. And so at some point
1:01.0	you have to think, are they going to be able to make that up?
1:04.5	And if you're a parent or loving relative that a young person who's making this decision is sent to,
1:09.7	I want to talk to you specifically.
1:11.3	I went to Vanderbilt, which is a very good school right now I think
1:13.8	it's ranked 13 that's tied with Brown as a pseudo Ivy League school. I graduated in three years,
1:18.0	magnet commodity. I was president of my fraternity. I was vice president of the powerlifting
1:21.9	team and I did it in three.
1:24.1	Then I went into a white collar job, management consulting for two years, and then while I was at
	...

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