Controversial Career Advice To The Kids Heading Off To College — And Their Parents


<div _ngcontent-c16 innerhtml="

Shutterstock

This is the time of year when young adults are starting to head back to college. I’d like to offer some controversial career advice to the parents and kids.

The higher educational system is out of control. We have been brainwashed to believe that it is normal for for a 17-year-old, high school graduate to make a decision that will impact their entire life and involve a financial commitment of over $200k. This amount does not include all the interest on top of the initial school loans. If the students aren’t assuming the debt, then the parents are bearing the financial burdens, in addition to having to worry about how to save for their retirement. These are the same kids who we don’t deem ready to order a beer at a bar, vote, rent a car or smoke a cigarette. Yet, we trust that they will make a prudent and wise decision on spending hundreds of thousands of dollars.

Imagine if I asked you to lend me $200k for my recruiting business. Of course you would demand a detailed report of how I plan to spend the money and what type of return will be generated on the investment. We don’t bother to ask the same simple questions about college. Isn’t it reasonable to question how a major in Medieval European Poetry at an elite liberal arts universitycosting $50k a yearwould enable a graduate to earn a living and pay back the loans?

If I received $200k from you, how would you feel if I chugged beers, smoked weed, stayed up late playing video games and partied? You would immediately sue me to get your money back. You would rightfully expect me to work 24/7 so that I could pay you back with interest. Anything less would be unacceptable. How did we become so complacent that we feel it is perfectly fine for college students to spend so much time partying, going to football and basketball games and other nonessential activities that take away from their core mission of learning and preparing for a career? This may have worked in the 1950s-1970s when only a small percentage of the population attended and graduated college. By having a degree, you stood out in a crowd. You could engage in crazy activities and still land a great job and build a career since you had the unique privilege of having a college degree. Now, almost everyone has one. Logically, since everyone has a college degree, it would be more logical to focus on your studies, get top grades and use your free time to work and get involved with co-ops or internships that will help you get a job and build a career.

Here are my suggestions to spend the money wisely and set the stage for getting a job and career:

  1. Pick a major that will afford you the opportunity to get a job and earn a living. Yes, I understand that you want to be well-rounded and have an affinity for art history, but you can’t buy a house with a dissertation differentiating the Abstract Expressionism, Cubism and Post-impressionism art movements.
  2. Follow your passion, only if it leads to a job and earning a living. If you can’t earn a living, you will quickly grow to hate your passion. Also, the passion you have at 18 most likely won’t be remotely interesting to you when you are 40 years old and broke.
  3. Invest in yourself by studying more and partying less.
  4. Try to get internships and co-ops in the fields that you are interested in. It is prudent to figure out if you like accounting before you spend four years studying the subject, only to find out that you hate it.
  5. The money or loans you use may seem like monopoly money; it’s not, it’s very real. Plus, you have to pay it back some day—not just the borrowed money, but all the crazy interest on top of it.
  6. Keep in mind if you owe a ton of money and need to pay it back monthly over decades, that leaves you with less money for everything else. The debt will infect every decision you make. You may be forced to live at home with your parents longer and take jobs that you hate just to meet your loan obligations. Getting married, having children, owning your own home and living in a neighborhood of your choice may not be feasible if you are mired in debt and also unable to earn enough money to afford these things.  
  7. I understand that you think your parents are stupid, but they have your best interest at heart.
  8. Parents, I know you love your children, but you are the adult and have to guide, not indulge them.
  9. Surround yourself with smart, self-motivated kids who are goal-and-future-oriented. It may not be as fun as hanging with the people who have access to the hot parties, but it will pay off in the long run.
  10. Treat college as an investment that will yield big returns if you act wisely.

Yes, I know I sound like a curmudgeonly old fuddy-duddy (even my terms seem old and boring); however, this is too important of a decision to take lightly. We live in a very competitive time in which there is greater economic inequality than ever.  We have to contend with technology and artificial intelligence taking our jobs and having them moved to cheaper locations around the world. There is not a lot of room for a margin of error. Like it or not, we are in an era that does not allow us to take the huge investment of college lightly. Pay serious attention to what you study and how well it could help you earn a living in the future. Avoid the distractions that seem fun and exciting in the here-in-now, but will later regret when you are stuck in your parents’ basement and laboring at a low-paying job you hate.

” readability=”49″>

Shutterstock

This is the time of year when young adults are starting to head back to college. I’d like to offer some controversial career advice to the parents and kids.

The higher educational system is out of control. We have been brainwashed to believe that it is normal for for a 17-year-old, high school graduate to make a decision that will impact their entire life and involve a financial commitment of over $200k. This amount does not include all the interest on top of the initial school loans. If the students aren’t assuming the debt, then the parents are bearing the financial burdens, in addition to having to worry about how to save for their retirement. These are the same kids who we don’t deem ready to order a beer at a bar, vote, rent a car or smoke a cigarette. Yet, we trust that they will make a prudent and wise decision on spending hundreds of thousands of dollars.

Imagine if I asked you to lend me $200k for my recruiting business. Of course you would demand a detailed report of how I plan to spend the money and what type of return will be generated on the investment. We don’t bother to ask the same simple questions about college. Isn’t it reasonable to question how a major in Medieval European Poetry at an elite liberal arts universitycosting $50k a yearwould enable a graduate to earn a living and pay back the loans?

If I received $200k from you, how would you feel if I chugged beers, smoked weed, stayed up late playing video games and partied? You would immediately sue me to get your money back. You would rightfully expect me to work 24/7 so that I could pay you back with interest. Anything less would be unacceptable. How did we become so complacent that we feel it is perfectly fine for college students to spend so much time partying, going to football and basketball games and other nonessential activities that take away from their core mission of learning and preparing for a career? This may have worked in the 1950s-1970s when only a small percentage of the population attended and graduated college. By having a degree, you stood out in a crowd. You could engage in crazy activities and still land a great job and build a career since you had the unique privilege of having a college degree. Now, almost everyone has one. Logically, since everyone has a college degree, it would be more logical to focus on your studies, get top grades and use your free time to work and get involved with co-ops or internships that will help you get a job and build a career.

Here are my suggestions to spend the money wisely and set the stage for getting a job and career:

  1. Pick a major that will afford you the opportunity to get a job and earn a living. Yes, I understand that you want to be well-rounded and have an affinity for art history, but you can’t buy a house with a dissertation differentiating the Abstract Expressionism, Cubism and Post-impressionism art movements.
  2. Follow your passion, only if it leads to a job and earning a living. If you can’t earn a living, you will quickly grow to hate your passion. Also, the passion you have at 18 most likely won’t be remotely interesting to you when you are 40 years old and broke.
  3. Invest in yourself by studying more and partying less.
  4. Try to get internships and co-ops in the fields that you are interested in. It is prudent to figure out if you like accounting before you spend four years studying the subject, only to find out that you hate it.
  5. The money or loans you use may seem like monopoly money; it’s not, it’s very real. Plus, you have to pay it back some day—not just the borrowed money, but all the crazy interest on top of it.
  6. Keep in mind if you owe a ton of money and need to pay it back monthly over decades, that leaves you with less money for everything else. The debt will infect every decision you make. You may be forced to live at home with your parents longer and take jobs that you hate just to meet your loan obligations. Getting married, having children, owning your own home and living in a neighborhood of your choice may not be feasible if you are mired in debt and also unable to earn enough money to afford these things.  
  7. I understand that you think your parents are stupid, but they have your best interest at heart.
  8. Parents, I know you love your children, but you are the adult and have to guide, not indulge them.
  9. Surround yourself with smart, self-motivated kids who are goal-and-future-oriented. It may not be as fun as hanging with the people who have access to the hot parties, but it will pay off in the long run.
  10. Treat college as an investment that will yield big returns if you act wisely.

Yes, I know I sound like a curmudgeonly old fuddy-duddy (even my terms seem old and boring); however, this is too important of a decision to take lightly. We live in a very competitive time in which there is greater economic inequality than ever.  We have to contend with technology and artificial intelligence taking our jobs and having them moved to cheaper locations around the world. There is not a lot of room for a margin of error. Like it or not, we are in an era that does not allow us to take the huge investment of college lightly. Pay serious attention to what you study and how well it could help you earn a living in the future. Avoid the distractions that seem fun and exciting in the here-in-now, but will later regret when you are stuck in your parents’ basement and laboring at a low-paying job you hate.

Let’s block ads! (Why?)


Source link

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

You may also like

More From: Career

DON'T MISS

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format