[lbo-talk] say no to college

[Miles Jackson]

Dennis Claxton wrote, quoting James Altucher:
>
> But in my view, the entire college degree industry is a scam, a 
> self-perpetuating Ponzi scheme that needs to stop right now.
>
> Here Are Seven Reasons to Say "No College" to Your Kids: [snippage]
>
> 4. If I put that $200,000 that I would've spent per child to cover 
> tuition costs, living expenses, books, etc. into bonds yielding just 
> 3% (any muni bonds) and let it compound for 49 years (adding back in 
> the 4 years of college), I get $851,000. So my kids can avoid college 
> and still end up with the same amount in the worst case.
>
> 5. If smart, motivated, ambitious kids (the type of kids who get the 
> most out of college) avoided college I'm sure the differential would 
> be a lot less than $800,000 and may even be negative (i.e. they would 
> make more if they avoided college and started going into the business 
> world earlier).

Stuff like this really drives home how rich people in our society live 
inside their own little bubble.  Sure, everybody's trying to figure out 
how to invest $200,000 over the next 4 years!  And the only thing that 
smart, motivated, ambitious kids should do is--go into the business 
world!  The sooner, the better!

bleah.

Miles