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February 01, 2013

Comments

Jesse Menn

He's probably right. The debt I'm under now is astronomical. At least if I can land a position with the PhD it'll be forgiven after ten years of servit^H^H_H work.

herculodge

I hope you get that position because you're going to need those 10 years.

Jesse Menn

I got five more years in left in my PhD program as it is. Plenty of time to worry about finding a job.

jonnybardo

The educational paradigm is beginning to change, although for the most part our culture is still stuck in the old "traditional college is the only way" approach.

Check out Ken Robinson, who aside from being very entertaining and humorous, shares a view on education that is more individual-focused, based upon the passions and talents of the individual rather than a homogenized approach:

http://www.youtube.com/watch?v=iG9CE55wbtY

Along the lines of Robinson, I think the best thing we can do for our children is to help them discover what they're truly passionate about, what they love doing AND are good at (what Robinson calls "the element" - the combination of passion and talent) and encourage them in that, WHATEVER IT IS. True success comes from actualizing one's own unique potentials, not from trying to be somebody else.

Angelo

I am a good saver (even though I've blown way too much on watches and radios---especially radios----and cars). Anyway, I've been very good about putting money aside for retirement----and have a nice head start for college for my kid, even when projecting that it will be much more expensive 10 years from now. But that said----it really depends on what my son wants to do with his life. If he wants to be a doctor, lawyer or engineer---or some other field that pretty much requires a college degree to find a job----we'll look for the best values in colleges and we'll give it a go I suppose. If it's one of those "need to experience college----liberal arts----business administration-----not sure what I want to do" then college might online courses for him. We can take the nest egg and plow it into starting a business for him----or even buying a small business for him to work at and eventually manage. I want a return for what could be a couple hundred thousand dollars in an investment. That's too much money to fritter away on "the college experience." I'll give him a fraction of that and he can travel around the U.S. and even do a little international travel----experience things for six months----then we get to work on finding a business to invest in----where he will actually make money back.

Tom Welch

1st, just buying STUFF, is not the same as buying ASSETS.

Angelo, checkout this book, kinda falls along the lines as to what your thinking http://www.amazon.com/StrengthsFinder-2-0-Tom-Rath/dp/159562015X/ref=sr_1_1?s=books&ie=UTF8&qid=1359817722&sr=1-1&keywords=strength+finder+2.0

Angelo

Tom: Thanks for the link. I just read the Amazon teasers----and will consider this book. Very interesting. I wonder if I'm the only one who thinks this way----but I went to college and managed to get two degrees (Penn State). I'm doing okay. Most of my peers have also graduated college. Here's the thing----I am actually far more impressed with tradespeople than I am with other college grads. Someone who does electrical wiring, plumbing, home improvements----car repair, auto body, operating heavy machinery, HVAC installation and repair, driving tractor trailers (did you ever see them park one of those in a tight space---I have and I couldn't believe the skill involved). There's a lot more of course, but those come to mind. Anyway----these people---the ones who are good at it---clearly have incredible natural ability and have taken that ability and spent years nurturing it to be great at what they do----and most of this stuff, I'd never have a prayer of being good at. And of course, it goes without saying that I extend this to the skills of our men and women in law enforcement, firefighting and the military---talent, skill, brains and guts----more than I'll ever have. My point isn't that we shouldn't encourage college for many young people who benefit from it----but instead, I'm saying that there are other paths to incredible places in life that don't need a college degree. And there are also many small business owners who never graduated college----who just have the gift of managing a business (without needing an MBA). Super successful at starting a pizza place or burger joint----maybe a computer shop or retail specialist---they seem to know how to start and grow a business without spending six years in college (and countless tens of thousands of dollars) to put themselves in debt before they start.

Tom Welch

I agree with you, there are many paths to success. I worked my way through college. I believe that there are too many people going to college today and worst yet, picking LOW VALUE majors in college without doing the research as what is going to be in demand in the near and long term.

Another I always recommend is "What Color Is My Parachute" by John Boles.

All work has dignity!

Tom Welch

Angelo, read this http://www.amazon.com/gp/product/B004LE9ILS/ref=as_li_ss_tl?ie=UTF8&camp=1789&creative=390957&creativeASIN=B004LE9ILS&linkCode=as2&tag=httpthekicom-20

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