 It's 2019 and I think we better start talking about this and that is It's college worth it anymore. Listen, they just finished a very interesting statistic And it shows I think I'll put it right over here or somewhere here. It shows since 2004 The student loan has increased by more than 400 percent Since 2004 400% more people have taken student loans Now student loans are fascinating. I'll tell you why Number one is you can't claim bankruptcy on them. This is both for Canada United States It's now over a trillion dollars is owed into student loans. I don't know about you But guarantee you that trillion dollars is not going to be paid back and And so you can claim bankruptcy on your business. You can claim bankruptcy even on credit cards You can pretty much claim bankruptcy on many things but You cannot claim bankruptcy on student loans That being said Why do people even go to college in the first place? Listen Most people are sold a fairy tale story. All right from the time you're in high school You're told hey, you got to finish high school with good grades So you get accepted into college you go to college and for the most part most people Most people go to college for bachelor arts like random bullshit courses and They're fed this story right pressure from society culture parents etc They fed this story that they have to go to college because without a college degree. You can't succeed in life well The writings on the wall College degrees and what college teaches you as of today 2019 For the most part is garbage now. Obviously, there's caveats to all different situation context does matter For example, my wife is a doctor, right? So there are very specific Skills and very specific career paths. They're still very highly paid right engineer doctor Lawyer etc, but that's a very clear path, right? You know that for a fact that once you become a lawyer you work for good form You can maybe you know make more than six figures You can pay back your loans like people always need fucking lawyers people always need doctors people always need engineers But that's a very rare batch of people Number one very rare that they know what to do or or more or less are forced into going to that path and number two It's very rare that they have the opportunity and luxury that they might come from an affluent family to afford them these luxuries of Going towards this career path. If not then taking out a student loan, but knowing for a fact Statistically and career-wise that lawyers and doctors will be needed for a very very long time However, the majority of people what they do is They take a bachelor of arts. They take these random hodgepodge, of course I have a liberal arts degree in whatever and I'm paying. I don't know. I'm gonna give you Canadian rates much cheaper than the United States rates But whatever let's say 10 K a year for tuition. That doesn't include your books. That doesn't include Your rent doesn't include anything. That's just tuition Okay, and then me, okay, I'm here. I'm a business owner got multiple businesses and You graduate four years out of college University What on God's earth in my hiring you to do? What skills do you have like? I've spoken to many different college graduates and I'm like, okay I need to hire skill for people right for me if you could increase sales in my business or increase operations or Get better age or whatever if you can increase any aspect on my business and make my business better. You're fucking hired But you got no skills. You got no real life skills. You don't understand how the economy works You don't understand proper communication You have no real hard tangible skills. No wonder you're not getting hired hired, you know I mean, you don't have to fucking scratch your head. It's like you just wasted four years your life You're in debt. You can't claim bankruptcy on debt No one's hiring you because you have no raw skills But then you might have this justification because I went to college. I should deserve, you know a salary of X That's fucking crazy. Absolutely crazy That being said I really believe that if you if you Aren't one of the select few or the rare few to know exactly your career path meaning Engineer lawyer doctor etc. And you're contemplating whether to go to college I'm gonna tell you right now that I think it's a waste of your time even Jordan Peterson talks about this You're better off Going with an internship at a really good startup or really, you know fast-forward company learn the ropes learn hard tangible skills Then going to college you're getting paid as an intern You're working around amazing people and you're learning real-life skills Or if you like to work with your hands apprenticeship, it's fucking amazing like Electricians you're good journeyman electrician. You're getting paid in six figures any journeyman. You're talking about electrician plumber HVAC mechanics Linesman whatever you name it a good skilled apprentice and what's great about apprenticeship? They pay you to learn You don't pay them they pay you to learn so think about that for a moment. So is college worthless? Yeah, I think if colleges don't If they don't completely drastically change their approach number one reduce your tuition I think many colleges need they need to be stuck the Subsidization by the government for these colleges need to stop completely need to stop We need to have more competition education and it's happening. You have online education You have more private schools happening out there, but where we're going we're going towards an economy That is a gig economy. We're going towards where employers need raw fast tangible skills for a very specific use case They don't care about your four years of a liberal arts degree. They don't care about your four years of learning some history They don't care about your four years of philosophy. They care about is like hey Can you do some marketing or hey? Can you be better at managing people or hey? Can you increase my sales or hey? Can you engineer this better or hey? Can you code this better, right? Real tangible skills that companies need so that's my advice in the year of 2019 I personally believe that for the majority of people out there College is completely useless. Go get an internship. Go get an apprenticeship learn real skills Get paid for it, and you'll be better off on that note guys. I would like to hear your opinion about college Leave a comment below this video. I'll be answering questions and by the way, I'm gonna be doing more videos So talk to you guys soon. Peace