09-26-2019, 10:04 AM
The first thing that struck me was that you seem to be of the opinion that a degree, or an advanced degree, is necessary to achieve wealth. It is not, and there are many examples of that available. The fact is, degrees become less and less valuable as more and more people have them, and that is why the minimum degree requirements are going up and up. Eventually they will have to invent a degree above doctorate, or you will need to have two or more doctorates for your degree to mean anything in real life for many fields.
That said, having a degree can certainly be useful and helpful, but in some cases, trying to get one only wastes your time, money and goodwill of your supporters. That was the case for me. Formal education and I do not mix well. I only tried to get a Bachelor's degree because my mother was very stuck on the old chestnut about "go to school, get an advanced degree (Master's or Doctorate), get a job, stay at that job until you retire, and live on your retirement. She would not stop harping on me, and eventually I gave in and pursued that degree. It cost me $12,000 for a single year of schooling (relatively inexpensive, I know) and I found it to be a complete waste of my time, energy, effort, money and future. In my case, the degree turned out to be worthless for getting a job (It doesn't matter, any BA will do! Just get a BA! -- Mom) and because I was told that by one of my instructors, I dropped out. Dropping out saved me another $12,000 in student loans, and allowed me to teach myself what was necessary to get started as a pro photographer while I used this business to pay off the student loans. The photography died with the debut of Bridezillas, and with cell phone cameras, everyone thinks they're a photographer, so here I am. I'm not wealthy yet, but I am on track to be. It wasted my time, money and other resources for a long time to go to college and then pay back my student loans. Your mileage may vary, but for me and a lot of other people, formal education is just a way to go in debt for a long time.
So consider that you may not need to get a Master's degree. You can start a business, and make yourself wealthy that way. And if you do it right, it can be done on a shoestring budget and still come out on top. The smaller your startup budget, though, the more work you'll have to do in the beginning and the longer it usually takes to become successful. But even that isn't always true in today's day and age, with crowdfunding options, etc.
If wealth is your goal, a higher education may or may not be your best bet. Just in case you hadn't considered that.
That said, having a degree can certainly be useful and helpful, but in some cases, trying to get one only wastes your time, money and goodwill of your supporters. That was the case for me. Formal education and I do not mix well. I only tried to get a Bachelor's degree because my mother was very stuck on the old chestnut about "go to school, get an advanced degree (Master's or Doctorate), get a job, stay at that job until you retire, and live on your retirement. She would not stop harping on me, and eventually I gave in and pursued that degree. It cost me $12,000 for a single year of schooling (relatively inexpensive, I know) and I found it to be a complete waste of my time, energy, effort, money and future. In my case, the degree turned out to be worthless for getting a job (It doesn't matter, any BA will do! Just get a BA! -- Mom) and because I was told that by one of my instructors, I dropped out. Dropping out saved me another $12,000 in student loans, and allowed me to teach myself what was necessary to get started as a pro photographer while I used this business to pay off the student loans. The photography died with the debut of Bridezillas, and with cell phone cameras, everyone thinks they're a photographer, so here I am. I'm not wealthy yet, but I am on track to be. It wasted my time, money and other resources for a long time to go to college and then pay back my student loans. Your mileage may vary, but for me and a lot of other people, formal education is just a way to go in debt for a long time.
So consider that you may not need to get a Master's degree. You can start a business, and make yourself wealthy that way. And if you do it right, it can be done on a shoestring budget and still come out on top. The smaller your startup budget, though, the more work you'll have to do in the beginning and the longer it usually takes to become successful. But even that isn't always true in today's day and age, with crowdfunding options, etc.
If wealth is your goal, a higher education may or may not be your best bet. Just in case you hadn't considered that.
Subliminal Audio Specialist & Administrator
The scientist has a question to find an answer for. The pseudo-scientist has an answer to find a question for. ~ "Failure is the path of least persistence." - Chinese Fortune Cookie ~ Logic left. Emotion right. But thinking, straight ahead. ~ Sperate supra omnia in valorem. (The value of trust is above all else.) ~ Meowsomeness!
The scientist has a question to find an answer for. The pseudo-scientist has an answer to find a question for. ~ "Failure is the path of least persistence." - Chinese Fortune Cookie ~ Logic left. Emotion right. But thinking, straight ahead. ~ Sperate supra omnia in valorem. (The value of trust is above all else.) ~ Meowsomeness!
