Is Going to College Still Worth It? (w/ Ken Coleman) Pt. 1 - Nov. '22 | Ep 468

Success Paths

Alex Hormozi shares the story of two young men named Jacob, illustrating the potential success attainable outside the traditional college path. He contrasts the financial burden and limited opportunities of a college degree with the practical skills and earnings gained from real-world experience. Hormozi emphasizes that gaining hands-on experience in business can be more valuable than a degree, as demonstrated by one Jacob who dropped out of college and excelled in sales, saving $250,000 by age 19 1 2.

The best way to learn business is to get into business.

--- Alex Hormozi

Ken Coleman highlights the importance of parental support in pursuing non-traditional paths, noting that societal norms often pressure parents to view college as a safer option 3.

   

Economic View

The financial aspects of attending college are scrutinized, with Alex Hormozi questioning its return on investment. He argues that for many careers, the cost of a degree outweighs its benefits, especially when considering the debt incurred 4. Hormozi notes that the original purpose of college—to enhance workforce quality—has diminished as the price-to-value ratio has shifted unfavorably.

There is no discrepancy between what someone can earn with or without a college degree.

--- Alex Hormozi

Ken Coleman adds that large companies are increasingly valuing skills over degrees, further challenging the traditional college model's relevance 5.