Self made millionaire advocates dropping out of school

[BrothaZay]

 

[Software]

This is irresponsible. Not everyone will make it like that. People who drop out of school are more likely to end up homeless than like Bill Gates.

 

[SNG]

This is irresponsible. Not everyone will make it like that. People who drop out of school are more likely to end up homeless than like Bill Gates.

Not necessarily there is free information too access almost anything you want to know. Without going to school. Majority of millionaires are not college educated.

 

[The Fade]

Hook me up with some IT boot camps and resources and I’ll gladly do that

 

[ORDER_66]

This is so-so advice granted some people come up without college BUT some others come up with it... not everyone gonna be a zuckerberg dropping out of college

 

[Software]

Not necessarily there is free information too access almost anything you want to know. Without going to school. Majority of millionaires are not college educated.

you're more likely to be homeless than a millionaire by not going to school. Income statistics back this up. All that free information shyt you just said is still available if you go to school...
Even if that statistic you said is true, that the majority of millionaires aren't college educated, the majority of people aren't millionaires.

Edit: That statistic you said about majority of millionaires not being college educated is false

 

[Manolo]

Not necessarily there is free information too access almost anything you want to know. Without going to school. Majority of millionaires are not college educated.

It’s true but the thing I realize most people lack is work ethic and drive. Someone who’s eager to quit school usually doesn’t have enough of either. If you’re motivated to quit school because you’re so driven by your own plans then I’d say go for it but most dropouts I know are too lazy to take advantage of the resources you’re naming

 

[Software]

Why the Myth of the College-Dropout Billionaire Is So Enticing

The Myth of the College-Dropout Billionaire
Let’s start by dissecting why the college-dropout billionaire archetype is problematic. Anecdotal examples like those above lead to a few inaccurate potential assumptions. For example, you might conclude that if you’re going to college and have a great idea for a business, you should drop out to pursue it; after all, you might become wildly successful. You might also conclude that dropping out somehow correlates with a higher success rate; it might signal the capacity to take unconventional risks, and we know intelligent risk taking is a vital skill for entrepreneurs.

Related: Should You Drop Out of College for Your Startup?

In reality, college-dropout billionaires are both rarer and less illustrative than people would like to admit. For example, let’s look at the Forbes 400, or the 400 richest people in the U.S., all of whom are billionaires. Upon examining the 362 billionaires whose education records were available, 44 were college dropouts; in other words, only 12.2 percent of billionaires dropped out of school. Similarly, a 2017 analysis found that only 16 percent of billionaires didn’t have a Bachelor’s degree. In other words, 84 percent of the country’s richest people had a full college education.


Further statistics illustrate additional monetary and career benefits of completing a college education. Compiled research suggests that men with a Bachelor’s degree earn $900,000 more over the course of a lifetime than their high school-graduate counterparts. Women with a Bachelor’s degree earn $630,000 more. It’s still a few orders of magnitude away from taking you to billionaire status, but it’s a hard statistic to ignore.

The Role of Survivorship Bias
When you look at all billionaires, the number of college dropouts is not impressive. We can also examine the career-long performance of the average American college dropout, to look at things from the opposite angle. According to College Atlas, 70 percent of Americans will study at a four-year college at some point, but more than a third of students will eventually drop out, and 30 percent of first-year students drop out in the first year of school. With roughly 20 million enrolled college students at any given time, that amounts to millions of new college dropouts each year. How many of these went on to run a massively successful business?

We’re disproportionately focused on college-dropout successes due to a phenomenon known as survivorship bias, a logical error and cognitive bias that leads people to false conclusions due to invisible or overlooked examples. In this case, we have a few dozen high-profile college dropouts who we hear about all the time juxtaposed against few million low-profile college dropouts who we don’t see or think about.

Let's not even get into why thought processes like this are harmful to the black community especially to people who are convinced these people got it out the mud or by their bootstraps on pure effort alone. Everyone had help and/or got lucky in some way to get to where they are at. An education is statistically correlated with higher income and wealth ascertainment. Stop listening to these fake ass gurus with survivorship bias trying to sell you some program or teach you how to get rich.

 

[analog]

Not necessarily there is free information too access almost anything you want to know. Without going to school. Majority of millionaires are not college educated.

Folks aren't equally bright, driven or resourceful.

Some people require structure/more hand holding for a shot at a decent life. School is the best solution for most.

 

[SNG]

It’s true but the thing I realize most people lack is work ethic and drive. Someone who’s eager to quit school usually doesn’t have enough of either. If you’re motivated to quit school because you’re so driven by your own plans then I’d say go for it but most dropouts I know are too lazy to take advantage of the resources you’re naming

And that’s why most people think it’s impossible.

 

[#1 pick]

This is irresponsible. Not everyone will make it like that. People who drop out of school are more likely to end up homeless than like Bill Gates.

Bill Gates got better education and connections by the time he was 7 than most Americans.

 

[SNG]

Folks aren't equally bright, driven or resourceful.

Some people require structure/more hand holding for a shot at a decent life. School is the best solution for most.

It depends people that self teach themselves shyt all the time. My chick took general business in school and now is in an IT role with hardly any experience.

 

[SleezyBigSlim]

I don't care how smart or dumb you are you have to play by societies rules in order to have a decent life and that means finishing school and getting a degree. Take that stability and do what you want after that.

 

[#1 pick]

Hook me up with some IT boot camps and resources and I’ll gladly do that

Even IT bootcamps aren't great for Black folks. A lot of us need more just to get in

 

[Freedman]

What does she do? It's something about these Mfs on Say Cheese like Bandman Kevo that automatically give me scammer/capper Vibes