I have an MBA. I was impressed with myself for getting it, until later in life I realized it was a survey degree of all the different departments in a modern, large corporation, and really serves a filtering mechanism for corporations to find promising young hiring recruits who will ascend into management. I didn't really learn any particular business, and very little about how the economy really works.
Man, I founded and run a small business and I sometimes feel insecure about not having an MBA and graduating from a non-business course. After reading your comment, I thought maybe I just need to study more of what I already know in running the business
@@samon_kurowassan Do that, and whatever you do, learn how the Federal Reserve bank works, what it's objectives are, what its plans are. There are huge resources for you at the federal reserve web sites themselves, and there is a lot of information there that is updated weekly so you can monitor the national economy. I'd have many times my current net worth now if I had understood the Fed all along. The Fed is the wind that blows the economic sea. A sailor must not only know his ship inside and out, he must know the sea.
I have a memo referring to MBAs by Ace Greenberg framed on my wall. That said, I’ve found that, aside from being a golden ticket, my degree has helped direct and focus my learning. For example, someone who has taken a financial accounting course has an idea of the importance of financial reports when it comes to finding investments. Whereas someone who has not may not even think about looking at a 10k before investing. They might not know what it is, or how to read one. Not knowing where to start can lead to deciding not to, which can be a very expensive mistake over the long run. However, you do have to be self motivated enough to decide to focus on the concepts introduced to you in the classroom, outside of the classroom, to really find use in the teachings. Your college will get you started but it’ll blue ball you, leaving it up to you to finish.
@@TheGreekGodOfWallStreet Well, it turned out to be a "golden ticket" to me too. I got a job with an IT consulting firm, which led to a relatively cushy corporate IT job, and money and benefits, and an earlier than usual retirement. But, I had to be real about what I actually learned getting the MBA versus the "filter" I had been put through to get me that job.
There aren't any useless degrees, just people who don't know how to market their services. Yeah, only 3% of psychology majors work as psychologist but a lot of them now work in tech companies with user experience and human-computer interactions. Sociology majors are hired by Google and Amazon to evaluate the social impacts of company policies and products. Music majors are often cited as the top students at coding bootcamps because they can recognize patterns and are typically good at math. English majors are hired in company communications teams and marketing departments. Marketers get paid a lot at large technology firms. There are hella anthropologists who also consult for tech companies. Get inside some of the largest tech companies or live in Silicon Valley and you'll see how the big players have really diverse teams to stay competitive as they develop new products
In My Opinion The Price Of College Tuition Should Be Reduced, Reason Because Most Of The Information College Reveals To Students Are So Outdated And Can Be Gotten From The Internet
In the early 1980's, interest rates were so high (due to Volker's stopping the inflation of the 1970's) that students used to take out student loans just so they could deposit the loan money in money market savings accounts and harvest the difference between the interest they were to pay on the loan, and the interest they earned on the savings account. True fact. I was there.
@@TheGreekGodOfWallStreet Actually, putting money that I'll eventually have to repay into equities seems rather foolhardy. Equities go down too, as we've seen well this year.
@@BasementBerean sure, its definitely more risky and people can't take advantage of it to the same degree as they did then. But opportunities do arise that tilt the odds in the borrowers favor. I believe covid brought the federal student loan interest rate below 3%. At the same time some colleges were refunding students for certain expenses their debt paid for, in cash. Even at a total loss of principal, students wouldn't be in any worse position than if they had not received the loans in cash. Especially when you consider the pause on federal student loan interest & payments as well as all the forgiveness talk we have now. Hindsight is 20/20 but investing this student loan money when received (while the market was selling off) would have been quite rewarding even with the slight correction we've had this year. Given they invested it with some degree of competence.
Actually archeology was my dream job, except archeologists essentially make nothing unless they become a professor or write a bunch of books. So Instead I moved into an associates in CAD, when I started companies were crawling to find more drafters, when I graduated those jobs were all being outsourced and none were available. I got a job working on a Construction management team building the plant I currently work at. That was the only time I used any drafting skill. I worked over 700 hours of overtime and paid those loans off in 1.5 years. Currently paying my way through my undergrad in electrical engineering, a field that will always be in demand and doesn't have nearly enough workers. Certain fields require degrees and are worth it while many these days are a waste of money. I currently make more now than I will starting out as an engineer but in the long run I'll make more and be more marketable as an engineer than if I stay here with my fate tied to a dying industry.
Here’s how to win at student loans if you are at the point where you are deciding whether or not to go to college: 1. Go to school in-state to minimize costs. - this maximizes the percent of costs that you can cover with cheap federal loans - going out of state when you can’t afford it is a fast way to rack up debt exponentially and there will be a material difference in your loans vs someone who went in-state 2. Work a part time job over summers, or even better, while in school. - the goal here is to establish cash flow while you are in school - this can be a frightening or intimidating thought, but it is very doable - you don’t want to get a prestige job, you want to get a job that works with students 3. Take advantage of on-campus housing & services like meal plans, that you can pay for with loans. - To put this in context, my loans went almost entirely to my housing cost while in school. But at the same time I had no housing or food costs eating into my income. That’s two essential costs I was financing, so my part time job income went a lot farther - by covering your expenses with cheap financing, you can establish free cash flow with your part time job income - free cash flow is money left after necessary expenses that you can spend how you want (this strategy requires spending it wisely) 4. Live relatively frugally with your part-time job income and learn to invest in the stock market. - if you are paying for your food and housing with loans, you won’t have to live that frugally. I had buffet style meals twice a day (at my schools dining hall, paid for via meal plan, financed through my loans) and my own room for 3 out of 4 years. - given (most of) your loans are not accruing interest while in school, it doesn’t make sense to make any payments on them if you can invest your free cash flow and have it grow - I understand not everyone is finance savvy, but you don’t need to be finance savvy to invest in an index fund. - don’t invest like a fool with nothing to lose, if you are tempted toward speculative investments or don’t want to take the time to learn how businesses work financially, go with an index fund instead of throwing darts 5. Once you graduate, hold on to cheap loans - as I said before federal loans are cheap. Not only can they have perks, they are also often at lower rates. Lower interest rates are relatively easy to beat with money invested in the stock market. - don’t get intimidated by the dollar value of your debt, the real cost is the monthly interest payments. - a thought experiment to illustrate my point: if you had $30,000 in loans and $30,000 in cash, would you pay off your loans to save $300 a month in interest payments for 10 years? There is a lot you can do with $30,000 in cash, and less you can do with an extra $300 a month. Especially if you are just starting off. - there are repayment plans where payments start low and grow. Remember, lower expenses mean more free cash flow that can be invested. Other tips: 1. Take out expensive private loans to finance any shortfalls. - if your loans and grants come up short, you will have to pay out of pocket or take out private loans to finance the rest of your costs. - private loans may be expensive, but they can be tamed and may work better for you than paying out of pocket (especially if you don’t have the money) - a few thousand dollars in private loans help stretch expenses, so instead of paying $6000 today you may choose to pay a few hundred a month for a few quarters - a part time job while in school will really help with these loans, as the rates are high enough that it makes sense to pay them off in a timely manner. - different private loans are structured differently, I used Sallie Mae and found them really useful. Everyone’s situation is different and this process may or may not work for you. If you are terrible with money, you likely won’t be able to follow it. But if you are good with money, this can leave you substantially better off than simply going to school, and forgetting you are racking up debt. The goal of this plan is to maximize your net worth upon graduation, along with your liquid investments (spending power). If the stars align you could graduate with a positive net worth and the ability to pay off your entire debt multiple times. This doesn’t come from being extra risky in the stock market, it comes from being intelligent with your investments and spending, as well as being lucky with external factors like the jobs available to you as a student and the overall financial situations you are dealt.
I went from being: Barber ↔️ self taught web developer ↔️ data scientist (trained and had on job experience) ↔️ investor (using transferable skills from data analytics)
Great video 🙌 But I must add, if you ever have the possibility to go to university you should go for it! Its much harder to get a job these days unless you have a education. Especially if you are from working-class backround. Of course there are exceptions but I cant stress education enough. Its also hard when you dont anyone who studied or can ask for help or advice but just keep on going! Read over and over again until you get it and read related litterature. In my country "college" is for free but in university you mostly need a studentloan. Its a hustle to pay back but with a other origin than the native here i had to get a masters-degree in order to get the job i have. I cold have had a job of course but less paid. If you are struggeling to get out of poverty study more of what you are good at ,(maths, governance, anything) and work in these or related fields. Thx aluxers for great video 🙌
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 60,000 returns from my $7,000 investment every 12days.
*To Fellow People* The way you think and feel about yourself, your goals and expectations for the future, and how you interact with the world around you can all have a massive effect on your success (or failure). *So think positive to all your endeavors because success is through a positive mindset* Thanks for reading. I LOVE YOU 😘❤️
Hey Alux right this video is very interesting and I agree with the fact that a degree does not level up our incomes there are many other ways to get same knowledge even better without paying that much and within less time however let's say I opt for individual learning which company will price my knowledge? Even though starting business is one of the best way to make money I may have to get experience being hired in a company so between a graduated candidate and me with my individual learning who are they going to choose?Thing is yes you are right but most of businesses still price a degree. Don't you think?
I'd agree that the degree does not guarantee more money; the value is often in the fact that it gets you a job. I've been in several environments that required a bachelor's (in just about anything, really) to get a foot in the door. I think that's a poor way to do business, however, as most jobs do not require a degree to actually do the job. Engineering, law, medicine, etc. being the exceptions, of course.
Remarkable person reading this.. It’s going to get better; all it is a season of opportunity to grow and be better than before. Challenging times are meant to strengthen us, not to break us. Success doesn’t define to what happened to us; it is how we choose to deal with our circumstances. The more you grow and develop as an incredible person as you are, the more things will change for the better. Forgive more (for you), be grateful for even the smallest things (we have it way better than someone else), choose love over ego, choose humility over ego (humility is strength), and finally, invest into new skills so that your future self will thank you. Our lives will change forever the more we grow. Be thankful for the challenges for we know something greater is coming. Love you always - Nathalie ✨❤️
QUESTION - if one meets their high-value spouse at university, rather than marrying a bar maid, what is the full-cost accounting credit for that situation? If one hadn't gone to an institution of higher learning, they never would have met a higher value spouse. Thoughts?
Listen to someone who has an MBA, college degree 📜, and started numerous businesses. The only thing I can say about having an advanced degree, it gives a better talking point about me going to school 🏫
"Freebok" or "freebook"? Missing letters on this video for the STUDENS. My sis got her management job bc of her bachelors, then at her same job she got a significant pay increase bc she went back and got her MBA. She paid off her loans in months.
Again thank you for sharing ALUX I understand that your not telling people to not get a higher education but many, many doors open without one speaking from experience
ALUX FORGOT THE MOST IMPORTANT HACK OF ALL. why pay 70k to get a degree when I can move to Norway, Sweden, Germany, Austria and I get the same degree for free. On top of that I get to learn a new language, culture while at it as well Watching from Kampala, Uganda
Some skills at the moment do need a university education to do certain jobs. eg, design engineering, Medicine, Pharmacy, Dentistry, Biotechnology. For instance, none of us will go to someone who says he learnt dentistry online to become a dentist to have his tooth extracted. 😁 Although you don’t need training and qualifications to own businesses that require specifically qualified/licenced professionals to operate credibly…😁
I am an Italian channel that creates videos similar to yours, using graphics to make my videos understandable even to those who don't understand Italian, it's great to take inspiration from videos like these, after all we share the same passion and it's a great thing!
The best thing to learn an that will never die is Graphic Design, now next don’t be good at it be dam near perfect try to learn everything an trust you will save so much money an build multiple businesses…
The point of an education is not higher income - that is just one of the benefits. If you have a college degree but can’t see that, then maybe you didn’t choose a good school or path, or you just need to reflect a little on your own goals. In any case, don’t be sucked into the negativity of this video. This tuber twists stats to mislead you: For example, if as she says, 36 percent of people with bachelor’s degrees earn more than people with master’s degrees, then 64 percent of people with master’s degrees are earning more, actually. That includes people who have only a bachelor’s but have worked for 30 years, achieving higher pay, and those who just earned a master’s this year. A liberal arts education might help you see the flaws in her arguments.
I agree. I had to pause when she claimed everyone graduates from Harvard once theyre in. Like she left out the fact they know how to prep for the rigors of the cirriculum to pass the courses..lol
Thanks for amazing video ☺️ Alux , I request to you please address such more obctales of student's life which Stop them to succeed in real world.Instead of only following norms , Keep plan B with them for future problems... like smart Students Waiting for your suggestion specially for students 🙂
If you're getting a psychology degree because you think it's a cool and interesting thing to do but you don't really have passion for the kind of career that comes with being a psychologist, then of course you'll end up being a nurse. This channel is really starting to come across like propaganda for greedy idiots. I'm a teaching artist but I also studied morals and ethics in college and that was a big part of my personal education as well. I set out to be an illustrator and with the help of college faculty, friends and other advisors, I made my way to becoming a teacher. This channel doesn't seem to value teachers as much as it values cut throat and money hungry business men.
"And I saw the dead, small and great, standing before God, and books were opened. And another book was opened, which is the Book of Life. And the dead were judged according to their works, by the things which were written in the books. The sea gave up the dead who were in it, and Death and Hades delivered up the dead who were in them. And they were judged, each one according to his works. Then Death and Hades were cast into the lake of fire. This is the second death. And anyone NOT FOUND written in the Book of Life was cast into the lake of fire." (REVELATION 20:12-15 NKJV) Today, while you are still alive and able, may you repent from your sins, believe in your heart and confess with your mouth that JESUS CHRIST is your Lord and Savior, so that through Him, your name will be written in the Book of Life. "For God so loved the world that He gave His only begotten Son, that whoever BELIEVES in Him should not perish but have everlasting life. For God did not send His Son into the world to condemn the world, but that the world through Him might be saved." (JOHN 3:16-17 NKJV) By God's GRACE ✝️, the gift of Salvation and Eternal Life is available to all. You can RECEIVE it. You can REJECT it. May you choose wisely.
Trump forgave so many loans from farmers and private companies who aren't low income (Some are rich Congressmen) and Republicans never complained. Fact is these students are low income or from low-income family who deserve a break. Joe Biden is helping low- & middle-class family. This is good thing.
Low income or high income. Paying off your own debt gives you more self esteem and integrity. If you signed and pledge to do something than, the best thing for you is to do it. Be responsible. Giving should be no more than 10%. Otherwise it won't help the receiver in the least bit. Paying off their debt will only make more irresponsible people. And making the rest of us that paid our debt - low income and high income should not have to foot the bill for the those who are not responsible and don't pay their own debt. Joe Biden is only trying to buy votes. Think about it, seriously!
College is great! I don't care about all the disparaging things being said. Higher education is fun! Learning is fun! That professional polish you receive is worth the debt. The networking is amazing! College is very necessary especially for certain marginalized people. Also I don't see the rich and privileged ceasing to send their children to university. It may be a waste for those who refuse to see its value. Go learn a trade, tradesman are very valuable.
if you are not using any education, like kinder guardian thru high school and college to free yourself from slavery, then I really don't know what to tell you. Why build a house and then charge yourself rent?
I will forever be indebted to you Mr. James Osborn, you have changed my entire life. I will continue to preach on your name for the world to hear that you saved me from huge financial debt with just a small investment. Thank you very much, James.
My brother and I also joined his strategy and we made massive gains at the moment while under training. I am forever grateful to Mr James Osborn Administration.
Mr. James Osborn👌💯made winning my culture, I regretted not knowing this way of trading bitcoin a few months ago before I lost, it's all great, I am recovering And I'll never forget that good deed
Having someone like Mr James Osborn. mentorship, who's not only a great innovator but will also put the best effort into getting the work done so beautifully, He's the best ever.
![Chlöe - Shake (Feat. Jeremih) [Official Visualizer]](http://i.ytimg.com/vi/aDs_1ufpfv8/mqdefault.jpg)
15 Books That Are Your Personal MBA ruclips.net/video/p7PYLYjJLNc/видео.html
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#evergreen
@Vera Jones her availability is on face book
@Vera Jones Catherine S. Woods
Alux girl can I marry you?
I have an MBA. I was impressed with myself for getting it, until later in life I realized it was a survey degree of all the different departments in a modern, large corporation, and really serves a filtering mechanism for corporations to find promising young hiring recruits who will ascend into management. I didn't really learn any particular business, and very little about how the economy really works.
Man, I founded and run a small business and I sometimes feel insecure about not having an MBA and graduating from a non-business course. After reading your comment, I thought maybe I just need to study more of what I already know in running the business
@@samon_kurowassan Do that, and whatever you do, learn how the Federal Reserve bank works, what it's objectives are, what its plans are. There are huge resources for you at the federal reserve web sites themselves, and there is a lot of information there that is updated weekly so you can monitor the national economy. I'd have many times my current net worth now if I had understood the Fed all along. The Fed is the wind that blows the economic sea. A sailor must not only know his ship inside and out, he must know the sea.
I have a memo referring to MBAs by Ace Greenberg framed on my wall.
That said, I’ve found that, aside from being a golden ticket, my degree has helped direct and focus my learning. For example, someone who has taken a financial accounting course has an idea of the importance of financial reports when it comes to finding investments. Whereas someone who has not may not even think about looking at a 10k before investing. They might not know what it is, or how to read one. Not knowing where to start can lead to deciding not to, which can be a very expensive mistake over the long run. However, you do have to be self motivated enough to decide to focus on the concepts introduced to you in the classroom, outside of the classroom, to really find use in the teachings.
Your college will get you started but it’ll blue ball you, leaving it up to you to finish.
So what do you suggest other people where to learn from regarding business and money management?
@@TheGreekGodOfWallStreet Well, it turned out to be a "golden ticket" to me too. I got a job with an IT consulting firm, which led to a relatively cushy corporate IT job, and money and benefits, and an earlier than usual retirement. But, I had to be real about what I actually learned getting the MBA versus the "filter" I had been put through to get me that job.
There aren't any useless degrees, just people who don't know how to market their services. Yeah, only 3% of psychology majors work as psychologist but a lot of them now work in tech companies with user experience and human-computer interactions. Sociology majors are hired by Google and Amazon to evaluate the social impacts of company policies and products. Music majors are often cited as the top students at coding bootcamps because they can recognize patterns and are typically good at math. English majors are hired in company communications teams and marketing departments. Marketers get paid a lot at large technology firms. There are hella anthropologists who also consult for tech companies. Get inside some of the largest tech companies or live in Silicon Valley and you'll see how the big players have really diverse teams to stay competitive as they develop new products
Yes, and anthropology and archaeology are extremely competitive fields because they are crazy interesting and cool, though not necessarily profitable.
Good info
In My Opinion The Price Of College Tuition Should Be Reduced, Reason Because Most Of The Information College Reveals To Students Are So Outdated And Can Be Gotten From The Internet
no lies detected
If it’s NOT STEM don’t bother either get a job, start a business or learn a trade
Agreed. Clinical Laboratory Science has paid off. No, not rich, but I'm ok.
Alux should do a "15 Useless Made-Up Courses You Didn't Know About" 😂😂😂
In the early 1980's, interest rates were so high (due to Volker's stopping the inflation of the 1970's) that students used to take out student loans just so they could deposit the loan money in money market savings accounts and harvest the difference between the interest they were to pay on the loan, and the interest they earned on the savings account. True fact. I was there.
Nowadays students have to put their loan money into equities to see that kind of arbitrage.
🍷👍
@@TheGreekGodOfWallStreet Actually, putting money that I'll eventually have to repay into equities seems rather foolhardy. Equities go down too, as we've seen well this year.
True. Finance prof at OSU told us to "borrow every cent you can get your hand on". Actually used $ for tuition.
@@BasementBerean sure, its definitely more risky and people can't take advantage of it to the same degree as they did then. But opportunities do arise that tilt the odds in the borrowers favor. I believe covid brought the federal student loan interest rate below 3%. At the same time some colleges were refunding students for certain expenses their debt paid for, in cash. Even at a total loss of principal, students wouldn't be in any worse position than if they had not received the loans in cash. Especially when you consider the pause on federal student loan interest & payments as well as all the forgiveness talk we have now. Hindsight is 20/20 but investing this student loan money when received (while the market was selling off) would have been quite rewarding even with the slight correction we've had this year. Given they invested it with some degree of competence.
Actually archeology was my dream job, except archeologists essentially make nothing unless they become a professor or write a bunch of books. So Instead I moved into an associates in CAD, when I started companies were crawling to find more drafters, when I graduated those jobs were all being outsourced and none were available. I got a job working on a Construction management team building the plant I currently work at. That was the only time I used any drafting skill. I worked over 700 hours of overtime and paid those loans off in 1.5 years. Currently paying my way through my undergrad in electrical engineering, a field that will always be in demand and doesn't have nearly enough workers. Certain fields require degrees and are worth it while many these days are a waste of money. I currently make more now than I will starting out as an engineer but in the long run I'll make more and be more marketable as an engineer than if I stay here with my fate tied to a dying industry.
Here’s how to win at student loans if you are at the point where you are deciding whether or not to go to college:
1. Go to school in-state to minimize costs.
- this maximizes the percent of costs that you can cover with cheap federal loans
- going out of state when you can’t afford it is a fast way to rack up debt exponentially and there will be a material difference in your loans vs someone who went in-state
2. Work a part time job over summers, or even better, while in school.
- the goal here is to establish cash flow while you are in school
- this can be a frightening or intimidating thought, but it is very doable
- you don’t want to get a prestige job, you want to get a job that works with students
3. Take advantage of on-campus housing & services like meal plans, that you can pay for with loans.
- To put this in context, my loans went almost entirely to my housing cost while in school. But at the same time I had no housing or food costs eating into my income. That’s two essential costs I was financing, so my part time job income went a lot farther
- by covering your expenses with cheap financing, you can establish free cash flow with your part time job income
- free cash flow is money left after necessary expenses that you can spend how you want (this strategy requires spending it wisely)
4. Live relatively frugally with your part-time job income and learn to invest in the stock market.
- if you are paying for your food and housing with loans, you won’t have to live that frugally. I had buffet style meals twice a day (at my schools dining hall, paid for via meal plan, financed through my loans) and my own room for 3 out of 4 years.
- given (most of) your loans are not accruing interest while in school, it doesn’t make sense to make any payments on them if you can invest your free cash flow and have it grow
- I understand not everyone is finance savvy, but you don’t need to be finance savvy to invest in an index fund.
- don’t invest like a fool with nothing to lose, if you are tempted toward speculative investments or don’t want to take the time to learn how businesses work financially, go with an index fund instead of throwing darts
5. Once you graduate, hold on to cheap loans
- as I said before federal loans are cheap. Not only can they have perks, they are also often at lower rates. Lower interest rates are relatively easy to beat with money invested in the stock market.
- don’t get intimidated by the dollar value of your debt, the real cost is the monthly interest payments.
- a thought experiment to illustrate my point: if you had $30,000 in loans and $30,000 in cash, would you pay off your loans to save $300 a month in interest payments for 10 years? There is a lot you can do with $30,000 in cash, and less you can do with an extra $300 a month. Especially if you are just starting off.
- there are repayment plans where payments start low and grow. Remember, lower expenses mean more free cash flow that can be invested.
Other tips:
1. Take out expensive private loans to finance any shortfalls.
- if your loans and grants come up short, you will have to pay out of pocket or take out private loans to finance the rest of your costs.
- private loans may be expensive, but they can be tamed and may work better for you than paying out of pocket (especially if you don’t have the money)
- a few thousand dollars in private loans help stretch expenses, so instead of paying $6000 today you may choose to pay a few hundred a month for a few quarters
- a part time job while in school will really help with these loans, as the rates are high enough that it makes sense to pay them off in a timely manner.
- different private loans are structured differently, I used Sallie Mae and found them really useful.
Everyone’s situation is different and this process may or may not work for you. If you are terrible with money, you likely won’t be able to follow it. But if you are good with money, this can leave you substantially better off than simply going to school, and forgetting you are racking up debt. The goal of this plan is to maximize your net worth upon graduation, along with your liquid investments (spending power). If the stars align you could graduate with a positive net worth and the ability to pay off your entire debt multiple times. This doesn’t come from being extra risky in the stock market, it comes from being intelligent with your investments and spending, as well as being lucky with external factors like the jobs available to you as a student and the overall financial situations you are dealt.
Most banks want 20k minimum to start investing on index funds. Do you know any institutions that get you started for less?
@@HunterKnightCustoms Fidelity. No minimum deposit, no commission fees, highly reputable, and widely used.
@@TheGreekGodOfWallStreet thanks so much!
I mean I love this, but my “industry” actually needs a degree 😭
I went from being:
Barber ↔️ self taught web developer ↔️ data scientist (trained and had on job experience) ↔️ investor (using transferable skills from data analytics)
Waw!
Great video 🙌 But I must add, if you ever have the possibility to go to university you should go for it! Its much harder to get a job these days unless you have a education. Especially if you are from working-class backround. Of course there are exceptions but I cant stress education enough. Its also hard when you dont anyone who studied or can ask for help or advice but just keep on going! Read over and over again until you get it and read related litterature. In my country "college" is for free but in university you mostly need a studentloan. Its a hustle to pay back but with a other origin than the native here i had to get a masters-degree in order to get the job i have. I cold have had a job of course but less paid. If you are struggeling to get out of poverty study more of what you are good at ,(maths, governance, anything) and work in these or related fields. Thx aluxers for great video 🙌
Thanks. This helps me
Yea my uncle has a master degree in technology, his boss just has a high school diploma😑
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 60,000 returns from my $7,000 investment every 12days.
Wow I'm just shocked you mentioned expert Angela thought I'm the only one trading with her
@Jeffery Starr HOW! I would really appreciate if you show me how to go about it. Please can you list the platforms ?
@Jeffery Starr Same here, I started with $3,000 now earning $28,300 bi-weekly profits with her trading program.
I've lost quite a good number of coins in the current dip, I just hope I find a way to recover from such a massive loss.
@@Davidbrown-gn9ny I will advice you find a good crypto
trader like mrs Angela cole carr, that will help you through
*To Fellow People*
The way you think and feel about yourself, your goals and expectations for the future, and how you interact with the world around you can all have a massive effect on your success (or failure).
*So think positive to all your endeavors because success is through a positive mindset*
Thanks for reading.
I LOVE YOU 😘❤️
Hey Alux right this video is very interesting and I agree with the fact that a degree does not level up our incomes there are many other ways to get same knowledge even better without paying that much and within less time however let's say I opt for individual learning which company will price my knowledge? Even though starting business is one of the best way to make money I may have to get experience being hired in a company so between a graduated candidate and me with my individual learning who are they going to choose?Thing is yes you are right but most of businesses still price a degree. Don't you think?
Agreed it's a catch 22, appreciate you sharing, seriously ✌🏿🕊️
I'd agree that the degree does not guarantee more money; the value is often in the fact that it gets you a job. I've been in several environments that required a bachelor's (in just about anything, really) to get a foot in the door. I think that's a poor way to do business, however, as most jobs do not require a degree to actually do the job. Engineering, law, medicine, etc. being the exceptions, of course.
I paid down my federal loans with two jobs last year. I don't need Brandon's student loan forgiveness.
You can get the money you paid refunded, if you made under 125k.
@@lvega5606 I guess Johnathan doesn't want his money back since he doesn't need Brandon's loan forgiveness. Lol
I saw Jonathan googling how to get his refund, right after he saw that comment.
@@Msnanamac Lmao
@@HunterKnightCustoms Lmao, you realize they are going to open up the loans again to give the refunds?
Remarkable person reading this.. It’s going to get better; all it is a season of opportunity to grow and be better than before. Challenging times are meant to strengthen us, not to break us. Success doesn’t define to what happened to us; it is how we choose to deal with our circumstances. The more you grow and develop as an incredible person as you are, the more things will change for the better. Forgive more (for you), be grateful for even the smallest things (we have it way better than someone else), choose love over ego, choose humility over ego (humility is strength), and finally, invest into new skills so that your future self will thank you. Our lives will change forever the more we grow. Be thankful for the challenges for we know something greater is coming. Love you always - Nathalie ✨❤️
QUESTION - if one meets their high-value spouse at university, rather than marrying a bar maid, what is the full-cost accounting credit for that situation? If one hadn't gone to an institution of higher learning, they never would have met a higher value spouse. Thoughts?
Why would you want to marry a bar maid in the first place?
Yeah, college may be a great place to establish connections for the future.
I need my “studen loan” cmon Alux.
Listen to someone who has an MBA, college degree 📜, and started numerous businesses. The only thing I can say about having an advanced degree, it gives a better talking point about me going to school 🏫
Also gave you a better and higher self esteem, more integrity. Well done.
This video was awesome, that said, I'd wish you'd post your sources for education numbers.
Trying to become an Airline pilot and I know it's going to be a lot of money. Career change what I'm doing now
"Freebok" or "freebook"? Missing letters on this video for the STUDENS.
My sis got her management job bc of her bachelors, then at her same job she got a significant pay increase bc she went back and got her MBA. She paid off her loans in months.
Good for her!
Me watching this as a senior in college with already 80k in debt: 👁👄👁
Dang
Again thank you for sharing ALUX I understand that your not telling people to not get a higher education but many, many doors open without one speaking from experience
Please turn on captions
ALUX FORGOT THE MOST IMPORTANT HACK OF ALL.
why pay 70k to get a degree when I can move to Norway, Sweden, Germany, Austria and I get the same degree for free. On top of that I get to learn a new language, culture while at it as well
Watching from Kampala, Uganda
I did that. Poland 🇵🇱
Wow, which country did u go to @victoria
Some skills at the moment do need a university education to do certain jobs. eg, design engineering, Medicine, Pharmacy, Dentistry, Biotechnology. For instance, none of us will go to someone who says he learnt dentistry online to become a dentist to have his tooth extracted. 😁
Although you don’t need training and qualifications to own businesses that require specifically qualified/licenced professionals to operate credibly…😁
How do you research for your videos alux?
Good question. I suspect this is what the wealthy do to feed their strategy/choices.
I am an Italian channel that creates videos similar to yours, using graphics to make my videos understandable even to those who don't understand Italian, it's great to take inspiration from videos like these, after all we share the same passion and it's a great thing!
The best thing to learn an that will never die is Graphic Design, now next don’t be good at it be dam near perfect try to learn everything an trust you will save so much money an build multiple businesses…
The point of an education is not higher income - that is just one of the benefits. If you have a college degree but can’t see that, then maybe you didn’t choose a good school or path, or you just need to reflect a little on your own goals. In any case, don’t be sucked into the negativity of this video. This tuber twists stats to mislead you: For example, if as she says, 36 percent of people with bachelor’s degrees earn more than people with master’s degrees, then 64 percent of people with master’s degrees are earning more, actually. That includes people who have only a bachelor’s but have worked for 30 years, achieving higher pay, and those who just earned a master’s this year. A liberal arts education might help you see the flaws in her arguments.
I agree. I had to pause when she claimed everyone graduates from Harvard once theyre in. Like she left out the fact they know how to prep for the rigors of the cirriculum to pass the courses..lol
What about new immigrant students?!
community colleges are cheaper they start at $800 for associate degree.
how many indians here?
Thanks for amazing video ☺️
Alux ,
I request to you please address such more obctales of student's life which Stop them to succeed in real world.Instead of only following norms , Keep plan B with them for future problems... like smart Students
Waiting for your suggestion specially for students 🙂
If you're getting a psychology degree because you think it's a cool and interesting thing to do but you don't really have passion for the kind of career that comes with being a psychologist, then of course you'll end up being a nurse. This channel is really starting to come across like propaganda for greedy idiots. I'm a teaching artist but I also studied morals and ethics in college and that was a big part of my personal education as well. I set out to be an illustrator and with the help of college faculty, friends and other advisors, I made my way to becoming a teacher. This channel doesn't seem to value teachers as much as it values cut throat and money hungry business men.
How many people watch and know about the beneficial info but struggling to battle their laziness 😩
This is the best App on RUclips
I wish Alux made this video 6 years ago...much needed video though, thank you Alux💯
We need a what you should do instead of getting a ppp loan
narrator could have said watch 15 videos from alux channel daily instead of getting a student loan
U always on point Alux
Shabbat Shalom Thank you
Thank you 🌞
StudenT:)
The future is about the mix of both 1 & 2. Thank you for coming to my Ted talk.
Thanks Alux
How to mess up your life :
1) Get a student loan
Student* ❤
So important topic thanks
Very good
"And I saw the dead, small and great, standing before God, and books were opened. And another book was opened, which is the Book of Life. And the dead were judged according to their works, by the things which were written in the books.
The sea gave up the dead who were in it, and Death and Hades delivered up the dead who were in them. And they were judged, each one according to his works.
Then Death and Hades were cast into the lake of fire. This is the second death. And anyone NOT FOUND written in the Book of Life was cast into the lake of fire." (REVELATION 20:12-15 NKJV)
Today, while you are still alive and able, may you repent from your sins, believe in your heart and confess with your mouth that JESUS CHRIST is your Lord and Savior, so that through Him, your name will be written in the Book of Life.
"For God so loved the world that He gave His only begotten Son, that whoever BELIEVES in Him
should not perish but have everlasting life.
For God did not send His Son into the world to condemn the world, but that the world through Him might be saved." (JOHN 3:16-17 NKJV)
By God's GRACE ✝️, the gift of Salvation and Eternal Life is available to all. You can RECEIVE it. You can REJECT it. May you choose wisely.
Trump forgave so many loans from farmers and private companies who aren't low income
(Some are rich Congressmen) and Republicans never complained.
Fact is these students are low income or from low-income family who deserve a break.
Joe Biden is helping low- & middle-class family. This is good thing.
Low income or high income. Paying off your own debt gives you more self esteem and integrity. If you signed and pledge to do something than, the best thing for you is to do it. Be responsible. Giving should be no more than 10%. Otherwise it won't help the receiver in the least bit. Paying off their debt will only make more irresponsible people. And making the rest of us that paid our debt - low income and high income should not have to foot the bill for the those who are not responsible and don't pay their own debt. Joe Biden is only trying to buy votes. Think about it, seriously!
If people think going school going make them wealthy by exercise there carrier they must be dreaming, when they figure the deal fail them…
Today the voice speed is slow
Can you make a video on government contracting ?
Ty 🙋🌈🌞🏖🦋🌺
Deal or No Deal
Creativity: The videos you show have nothing to do with the content. Why don't you put a real animation instead of cut size videos ?
Yes ill be back
The Only Way to move to the USA for me Us through College ,
Slightly misleading...being a psychologist isn't the only way to apply a psychology degree. Speaking from experience.
You quoted the WEF
College is great! I don't care about all the disparaging things being said. Higher education is fun! Learning is fun! That professional polish you receive is worth the debt. The networking is amazing! College is very necessary especially for certain marginalized people. Also I don't see the rich and privileged ceasing to send their children to university. It may be a waste for those who refuse to see its value. Go learn a trade, tradesman are very valuable.
First
if you are not using any education, like kinder guardian thru high school and college to free yourself from slavery, then I really don't know what to tell you. Why build a house and then charge yourself rent?
Does anyone know someone who makes fake degrees?
Control
This video has familiar comments I have seen them b4 .
💎💎💎📒📚📓🔎📖
frebok 😅😅😅😅
Enter the trades! Listen to Mike Rowe, not Elizabeth Warren.
First. Too late for me lol
Get some goals.
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“I have a boyfriend”
Thank you❤❤❤❤❤❤ really
First
Sounds like you need to go to higher education. Seeking validation is not a goal.