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The James Altucher Show

Ep. 21 - College is a Scam

The James Altucher Show

James Altucher

Business, Education

4.6 • 2.7K Ratings

🗓️ 23 May 2014

⏱️ 85 minutes

🧾️ Download transcript

Summary

We are doing something a little different this week. There isn't a guest, but there will be a heated debate between James and Aaron.It's a sensitive topic for many individuals, so get ready...Kids that are graduating high school right now are beginning to apply for college. Unfortunately, they could be making one of the biggest mistakes of their lives.Hundreds of dollars of student debt, little to no job opportunities - these are the realities of today's college graduate.James takes some of the most popular arguments for why kids should go to college and turns them on their head.It's the American religion that kids should go to college... but is it necessary?What are the reasons for going to college? Is it to network and meet people?Couldn't you do the same by taking a year off and traveling? Not only would you get to see the world, meet people from all walks of life, but you would be gaining knowledge and experiences that could NEVER be taught in a classroom.Will you make more money if you go to college?Do you want to be a writer? Why not write a book for free and self-publish?There are many ways around almost every gate-keeper out there... Why not get a head start on your fellow "classmates" and skip the debt process?Sure you learn certain things in college, but the real question is, "what are you NOT learning?"...Whether you are a student or the parent of a student, listening to this episode is a must...And even if you are neither, these children are the future of the country and they will affect the direction this country goes.It's a fantastic show that will certainly have you rethinking your goals in life. ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

This isn't your average business podcast and he's not your average host.

0:06.5

This is the James Altature Show on the Standsbury Radio Network.

0:16.2

This is James Altature here for the James Altature Show and it's a very special show today.

0:23.4

It's not going to be any guest.

0:25.6

It's just going to be Aaron Brabham and myself talking about why you should not send your

0:31.1

kid to college or if you happen to be 18 years old and listening to this, you can think

0:36.8

of it as it's about why you should not go to college.

0:39.2

This is a very important topic right now.

0:42.0

Every kid is getting accepted to college basically this month or rejected or whatever.

0:46.1

So a lot of big decisions are happening and I want to help people not make one of the

0:50.9

most wrong financial decisions you can make in your life.

0:54.2

So with that said, welcome Aaron to the show.

0:56.9

You're going to be my devil's advocate.

0:58.7

That's exactly right James.

0:59.8

Thank you so much.

1:01.0

It's good to be here as always.

1:03.4

This is one of those topics that we get a ton of feedback on at James at StandsburyRadio.com.

1:10.1

Anybody can send us feedback there.

1:12.6

Also you get hit on your Twitter Q&A a lot for this and usually it's from the younger

1:17.3

listers out there, the ones that are feeling pressured to go to college by their parents

1:23.8

because they think that that is the right thing to do.

1:26.4

I went to college, I got a political science degree, completely worthless, but I do see

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