meta_pixel
Tapesearch Logo
Log in
The Ramsey Show Highlights

Drop Out of College To Work in Bitcoin Mining?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 3 January 2025

⏱️ 5 minutes

🧾️ Download transcript

Summary

📱Download your free Ramsey Network app today! 💵 Start your free budget today. Download the EveryDollar app! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Brought to you by CHM, a biblically based alternative to health insurance. Learn more at

0:06.9

CH Ministries.org slash budget. I'm currently 18 and I'm attending college for a cybersecurity degree

0:14.0

with a full ride. Cool. So I got a job offer for between $14, $20 an hour back in my hometown for full-time.

0:23.9

So at the higher end, that's about $50,000 a year with overtime included because it's a 50-hour workweek.

0:30.9

It's at a, it would be a operation technician for a Bitcoin mining company.

0:37.4

And while that can seem sketchy, they contacted

0:40.4

me through my trade school and they have a good history with my trade school. So I'm just wondering

0:45.4

how much of a salary would it make it worth it for me to drop out of college. How far along are you

0:51.2

in your program? So I attended a concurrent degree whenever I was in high school, so frankly I'm three semesters into my program out of eight.

1:02.3

Out of eight?

1:06.2

Man, I might be on an island here, but if you were my son, I would tell you you have a

1:13.4

Willy Wonka ticket, which is a free ride to a college education. I would take that ticket.

1:17.4

For a great degree. For a great degree.

1:21.3

And the money you'll be making in cybersecurity, you're going to be like, why did I leave all this

1:25.8

for a $14 an hour job for a Bitcoin company, which

1:29.6

regardless of my thoughts on Bitcoin is very volatile. And so this company could go under and they could say,

1:37.1

hey, man, we shut down operations yesterday. You don't have a job anymore. And so I would continue down

1:42.4

this path. If Bitcoin really is what everyone says it is,

1:45.4

it's going to be around a long time. And if you were qualified at 18, you're going to be very

1:49.2

qualified by 22. So I would keep pursuing this path of cybersecurity, knowing that you're going to

1:54.4

make six figures upon graduation, working for a reputable company with great benefits. And I would

2:00.3

pass on this job right now.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.