Why You Should Consider Quitting College | Ep 451

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 20 October 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you had the choice to go back, would you go to college again? Or make your own path? Today, Alex (@AlexHormozi) shares with us the insightful talk he had with his 18-Year-Old about not going to college, giving him different perspectives on if he chose one path or the other. He also talks about the cost of college vs. the opportunity cost of going to college, choosing the path that gives you long-term success, investing in skills and learnings, skill-stacking, and accepting that failure is part of the process.

Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.

Timestamps:

(5:04) - If Alex were to restructure the education system, the majors would be according to the departments of a business because those are the areas where you’ll be hired

(11:15) - Choose the path that will guarantee you long-term success. You might suck at the beginning, but that’s just part of it. The more repetitions you do, the less you will fail

(17:16) - Do what you love and hone that skill. Once you’ve perfected it, pass on your learnings to others who will benefit from you. The best people in the world are actually self-taught because they treated the world as their oyster

(21:29) - After deciding not to go to college, here’s what you can do: research and apply to as many companies as possible. You also want to let them know good reasons why you want to work despite lacking a degree. In between, invest in courses, mentors, etc. that will help you grow your experiences

(31:44) - You create your own access to these mentors because of your hunger to grow. With this, you have to understand that then you're gonna have some imperfect advice from some mentors and some might even say no to you. At the end of the day, make these mentors feel like their teachings were worth sharing

(36:44) - If you think about it, this is actually skill-stacking: there’s the skill of marketing, the skill of working the applications to get the interview, actually doing the interview, assessing the other person in the interview, onboarding and training these new hires, and manage them & continue to increase their performance

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Transcript

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0:00.0	Moisturization real quick, if you are a business owner that has a big old business and wants to get to a much bigger business,
0:06.1	going to $50, $100,000 plus we would love to talk to you.
0:09.5	And if you like that or would like to hear more about it, go to acquisition.com and you can plan anywhere on the page
0:14.4	and talk to one of our team and see if we can help you get there.
0:17.7	Which of these two paths will lead me closer to where I want to go?
0:20.9	And if the goal is to make income, then you have to look at that $200,000.
0:25.2	And all the things you could buy with that $200,000 in four years of time and think is there another way that I could reverse engineer four years to get me to where I want to go?
0:36.6	The wealthiest people in the world see business as a game.
0:38.6	This podcast, the game is my attempt at documenting the lessons I've learned on my way to building acquisition.com into a billion dollar portfolio.
0:44.6	My hope is that you use the lessons to grow your business and maybe someday soon partner with us to get $200,000 from beyond.
0:49.1	I hope you share and enjoy.
0:51.6	This is for every 17 year old, 16 year old, 18 year old, 19 year old who's considering going to college or quitting college right now.
0:57.6	Either they're going to do it, they're thinking about doing their in it and they want to leave or you're somebody who knows somebody who's in that situation or you're the parent of somebody who's facing that decision.
1:07.1	I want to give you context for the decision so that you can make one that's less emotional and less for the wrong reasons and ideally for the right reasons.
1:15.1	The reason I wanted to make this is because there is an 18 year old neighbor of mine who after going through his first semester of college and I had some rapport with him came back home was like, I don't know if I like this.
1:24.1	I don't know if this is for me.
1:25.1	We went on a one hour walk that I think changed his life.
1:27.1	He went from going to Pepperdown which is really expensive school in San Diego to dropping out.
1:33.1	His friends, his family, his friends parents started looking at him different.
1:36.1	He was like the trouble child.
1:37.1	He was like the I don't know about him.
1:39.1	Two years later he now has 250,000 dollars saved up as a 20 year old.
	...

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