Alex Hormozi: Why you should quit college.

The video discusses why people should consider quitting college and how to approach the decision-making process with a focus on opportunity cost and income-generating skills.

This video by Alex Hormozi was published on Aug 27, 2022.
Video length: 13:57.

In this video, Alex Hormozi argues that people should consider quitting college if it doesn't align with their goals and if they can acquire income-generating skills elsewhere.

He shares a personal story of a neighbor who dropped out of college and became successful, and emphasizes the importance of considering the opportunity cost of going to college. Hormozi also suggests that the education system should focus on practical skills related to business departments, such as marketing, sales, and delivery, rather than general education.

He concludes by stating that many big tech corporations have stopped requiring college degrees, and that he himself regrets not dropping out of college earlier.

• The video is for young people who are considering going to college or quitting college.
• People often go to college because it's expected of them, without thinking about the decision.
• When making a decision about college, consider the opportunity cost.
• If someone wants to make money, they need income-generating skills.
• The speaker graduated from Vanderbilt a year early but regrets not starting sooner.
• College degrees do not guarantee success or income.
• Focus on income-generating skills and building a career.

Why you should quit college. - YouTube

Introduction

• The video is for young people who are considering going to college or quitting college.
• People often go to college because it's expected of them, without thinking about the decision.
• The speaker shares a story of a neighbor who dropped out of college and became successful.

Opportunity Cost

• When making a decision about college, consider the opportunity cost.
• The opportunity cost is the loss of potential gain from other alternatives.
• Choosing to go to college has an opportunity cost, which is the greatest cost people don't consider.
• The cost of college is not just the money spent, but also the lost income during that time.
• People should approach the decision-making process with a framework that makes sense.

Income-Generating Skills

• If someone wants to make money, they need income-generating skills.
• General education classes like philosophy, sociology, and psychology don't provide these skills.
• The speaker suggests that majors should be in accordance with the departments of a business.
• Marketing, sales, delivery, technical services, and supporting services are the majors that people should consider.
• Big tech corporations have stopped requiring college degrees because they realize it's not value additive.

Why you should quit college. - YouTube

Personal Experience

• The speaker graduated from Vanderbilt a year early but regrets not starting sooner.
• He was too scared to disappoint his parents by dropping out of college.
• He believes that people should make decisions based on what's best for them, not what's expected of them.
• People should consider their own goals and aspirations when making decisions about college.
• There are many successful people who didn't go to college or dropped out.

Why Quit College?

• College degrees do not guarantee success or income.
• Opportunity cost of not making income during college years.
• Alternative ways to gain social experience.
• Focus on income-generating skills.
• Efficient ways to socialize without spending 200,000 dollars.

Skills to Learn

• Sales is a valuable skill in any industry.
• Other skills include marketing, content creation, and writing.
• Consider personality traits when choosing a skill to focus on.
• Bucket skills into departments that make sense for your career goals.
• Gain context by starting and learning from experiences.

Cost-Benefit Analysis

• Compare the cost of college to potential income.
• Consider the opportunity cost of not making income during college years.
• Reverse engineer four years to get to where you want to go.
• Look at the cost of the path not taken.
• Consider alternative ways to gain skills and experience.

Building a Career

• Focus on income-generating skills.
• Bolt on one additional skill to give yourself a lift in your career.
• Gain experience and learn new skills to move up in your career.
• Consider starting your own business with the skills you have learned.
• Learn how to transfer skills from yourself to others.

Why people should consider quitting college

• Learning how to deal with people, manage, and lead is important for success in any field.
• Technical skills may not be the main focus in a business, but they are important to teach others.
• Getting super educated in the field you want to pursue is more important than a college degree.
• The best people in the world are self-taught and have adopted a mentality of continuous learning.
• Opportunity cost should be considered when making decisions about education and career paths.

How to approach the decision-making process

• Find the path that will get you furthest towards your goal in four years.
• Don't use college as a social safety net to avoid pursuing your true passions.
• Take risks and go all in on your goals, like Jacob did.
• Test your desire and hunger for success by committing to a daily routine.
• Use a framework for analyzing opportunities to make informed decisions about education and career paths.

Watch the video on YouTube:
Why you should quit college. - YouTube