Why you should quit college.
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- čas přidán 27. 08. 2024
- Want to SCALE your business? Go here: acquisition.com
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If you’re new to my channel, my name is Alex Hormozi. I’m the founder and managing partner of Acquisition.com. It’s a family office, which is just a formal way of saying we invest our own money into companies. Our 10 portfolio companies bring in over $200,000,000+ per year. Our ownership stake varies between 20% and 100% of them. Given this is a YT channel, and anyone can claim anything, I’ll give you some stuff you can google to verify below.
How I got here…
21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything.
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time.
26 yrs old: In desperation, started licensing model as a hail mary. It worked.
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months.
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal.
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
31 yrs old: Started our family office Acquisition.com. We invest and scale companies using the $42M in distributions we had taken + the cash from the $46.2M exit.
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses.
34 yrs old: I became co-owner of Skool.com to help the many people who want to start a business online do so.
Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).
To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.
You either get an epic outcome or an epic story. Both mean you win.
Keep crushing. May your desires be greater than your obstacles.
Never quit,
Alex
FULL DISCLOSURE
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.
121k in debt; can’t even get a good paying job. Listen to this man
Fr bro
That sad!
What degree did you go with
*Me 70 grand in debt after just finishing college….* 😳
Student loan is such a liability hanging over the head.
Me about to go back so I don't have to pay loans
Was it worthy ?
That's an expensive lesson. I sincerely hope it was worth it for you though because I'm a college graduate but I graduated back when tuition prices weren't so ridiculous.
@@kevinarias9589 If I’m honest. No. It’s so common these days employers don’t care if you have a degree. My best advice, graduate high school, And go work for a trade company. Plumber, electrician, carpenter etc. Most will pay for you to do the schooling online while you apprentice there. You’ll have a worthy skill and make more money then most of your peers and not have any debt
I spent 6 years of my life in college, simply because I believed that was the only way to make money. I grew up in an upper middle class neighborhood, everyone was a doctor, lawyer, finance, management or whatever else white-collar esque-role you can think of. Growing up I was told that I needed a masters degree to make a 6-figure job.
I wanted to drop out of school when I was in 6th grade. I hated it. I always hated it. I knew at 12 years old that none of this was going to help me long term, I was just jumping through hoops, so I could be trained like a dog. A good little doggie that would do everything his future master would tell him.
When it came to college I had no idea what I wanted to do in life, but I choose an engineering degree because I've always been interested in science. I struggled with that choice for 6 years because I refused to not graduate, but I was also deeply depressed because I spent every day of my life doing something I didn't believe in.
After I graduated I spent a year or so trying to find a job in engineering, but struggled since my experience and skills were all over the place. I needed a job so I just went into a sales job. I had actually done a few sales jobs before this so I didn't really suck that much, but I hated the product.
By a stroke of luck someone working there owned a marketing agency and offered to collaborate. Another product that sucked (this guy knew nothing about marketing), but it sparked me unto something I now LOVE.
I started my own LLC since I had better marketing skills after learning everything I could. I struggled a lot starting, but now I'm making over $100k a year running my own one man agency, and building it up to take my income to the millions.
All from skills I learned on the internet. Admittedly the engineering degree is incredibly helpful in what I do, but realistically these are all things I could have learned without going to college.
I needed that experience though. I needed to be beat down by life beyond all belief in order to transform myself and my belief systems. If I had an Alex in my life I may have made different decisions, but I hold no regrets. I know that I'll reach my dream, and most importantly I enjoy my life because I'm being true to myself.
Bro teach us
@@MrFrankie4700 lmao
@@aarijhussain183 Bro how the hell do you even say your name?
@@MrFrankie4700 aarij
@@aarijhussain183 arjjjjhhh or arj
I considered this channel my guilty pleasure of mine for a long time with all the value that you offer. Now that you're putting resources into the production quality its very quickly becoming the best content on youtube imo
Wow what the fuck, seeing you around here is trippy. Makes me realize your success is even more deserved than I thought. Really studying shit behind the scenes to improve at what you do. Respect, brutha.
Never expected to see the "build the earth" CZcamsr here
I’m in the exact same situation as Jacob; using college as a crutch. I just started and can’t decide if I want to go all in on sales because I don’t know if I feel confident enough in basic skills - being able to actually push myself on my own and really work hard to ‘make it’ without traditional due dates and such. I think school has really fucked a lot of kids up in that sense - were terrible at time management and doing anything on our own without supervision.
Im in the same boat man. It's like we've been trained to want to relax and chill when we arent in class or at a job
Jacobhopkins1
Guys I know that school and such may be the cause of many of your failings, but don't use it as an excuse to not do anything. This is YOUR life. YOU decide where it's gonna go. Not your teachers or your parents or anybody else. If you REALLY want to do something, you will do it. Good luck guys!
I’m in the same boat man
I finished my college degree after 4 years and wish I started in sales earlier. Got 2 years of SaaS AE experience
I can relate to the fork in the road analogy. I grewup in a semi poor area. People either worked entry level jobs or did not work at all. I grew up listening to teachers who kept repeating "If you do not go to college, you will end up working at McDonalds". I took that at face value and studied hard all through high school. I started at a community college. I was going to college to get a job (not for the social life). I took a humanities class in my first semester, it was alright, it was part of the general ed. By the 2nd semester, I took a philosophy class, and the teacher really leaned into the whole "college is for learning, not about getting a job"
That was when it dawned on me, college was about ideology, not making you marketable. I dropped out of college and yeah, it was a punch to the gut. I drifted from job to job. I got tired of getting by. I discovered a lot of online tutorials on programming. I started typing the code I saw in the tutorials. It was fun, I could code in my spare time, there was no deadline because it was not like In a class where there is a due date. Eventually I became a web developer based on skills, not a degree.
the main lesson is, it is difficult to drop out of college because it is expected of us to go. However, if you can overcome that initial guilt, you can make it.
A word of caution, I dropped out of college to start a business and it was a "mistake".
The big difference I think is Jacob identified which skill he needed to learn and got a job learning that skill. Me in my business had to learn several skills, but didn't really master none.
Getting a job learning skills is an excellent way to master business skills, especially sales.
If you really want to pursue a business idea I'd recommend doing it as a side hustle and getting a job learning the skill you want/need. If the idea is not so deep in your heart just pursue the skill and try the business many years later when you have the skill.
Also as a side note, if you are still in college you can use your student status to get an internship wherever you want to learn the skill, treat that internship with more importance than college and maybe eventually do drop out when you see you can land a job with what you have learned.
I agree with this. Reality is most won’t become billionaire or millionaire entrepreneurs. Also at 18 years old you have no skills, no network, college CAN not will but CAN get you those things. Major in something useful for a good profession, I always say software engineer, actuary, accountant, nurse practitioner etc. unless you go Ivy League where if you major in finance you can get into banking and law and have a 200K starting salary. But for every other ordinary college those professions can land you a starting salary 60-100K. After 3 years experience 100K+. Then you finally have skills and experience you can look for gaps in the market to start a business on the side. I worked on the rigs put myself through school going back in 2020 became a software engineer. Make decent money nothing amazing but an ok living. While many of my peers tried drop shipping, Shopify e-commerce all these different things, even sales. I think all of them failed. They’re in their mid 20’s now doing door dash and cutting hair chasing that entrepreneur dream which may never happen. Whereas Iv saved good money buying a house shortly to house hack. Companies paying for my masters and maybe PhD if I go for it. Significant raises along with those degrees. And side jobs along the way are happening! Some of which can lead to potential business opportunities. My friend became a nurse practitioner is getting a few years of experience and is going to open his own clinic in a few years in a state that legally allows that. That is a potentially very profitable business! Which would not have been possible without college.
All this is to say I know everyone wants to be a billionaire but reality is most of us don’t have what it takes. Sucks to face reality but I’m glad I realized that reality and chose a financially viable and stable path that has a high probability outcome of success rather than the one - starting a business- which doesn’t. If I did I’d probably be doing door dash and cutting hair with my old friends.
@@techtexan2816Hey bro, did your friend actually failed in dropshipping or you just assuming!?😅
I really wish this was around 25 years ago when I was in high school and decided to go to a junior college. However, for the future generation, they need to watch this all day everyday and then apply what they've learned from this video
It's never too late
Alex brings up a good point. I think another huge factor that many people miss is self-awareness. Awareness of your own skills, values, preferences, personality traits etc. If you are not aware of these it will categorically hinder your ability to choose a long term fulfilling career path.
The main issue here is that most people are too busy keeping up with the Joneses that they never spend the time reflecting on this.
I dropped outta college 5 years ago.. I learned sales, started my own business and now I’m making more money than I ever would’ve if I would’ve stayed in college and became a power engineer. Great video Alex.
What kind of business do you have?
What kind of business?
Same lol I go to collage for a month
Then I told my parents
I didn't need collage
And now it's been way better
fr man i dropped out too man no stress just life @@Vader82688
@@Vader82688I am scared telling my parents of dropping out, what i have proposed telling is while being in collg, i will take an online school / course and if the course does better than my collg, then i am going to convince my parents that this school fits better for me since it gives me better resylts, then drop out, its just i am scared if things dont go the way my parents want.
it's quite poetic to me that you're posting this on my 18th birthday. I've made the decision to not go to college because of your teachings. thank you sir
How's it going now? I still don't know if I'm going to go or not.
Make this comment age well pls, focus on facts, if you walk this path you need to let the digits talk. Gogogo! Copy what made others successful if in doubt.
Can you please say how you’re doing, good or bad
please do an update after 4 years or so because this jacob kid is lucky his next door neighboor is alex hormozi. i want to know how an average kid would do. good luck for your journey
@@poppyzol I followed this advice and dropped out to go straight into sales, i’ve been seeing success and the deeper I get the more grateful I am that I dropped out. Dm me on ig @bx.miles we can talk more
After two years of being on and off with college I finally have fully committed to dropping out. I was definitely not doing it for myself but for other people. Now that I’m out I feel the most clear minded I’ve been in year. Currently focusing on building a construction company with my dad. Definitely going to take a lot of time and effort but I am super excited for the future. On top of that I am taking on copywriting to help with my marketing skills.
As ZYZZ said “we’re all going to make it”
Goodluck man. I genuinely hope things work out well for you.
We need a 3 month update. Hope u are well
We need an update
@@brendan6618I am scared telling my parents of dropping out, what i have proposed telling is while being in collg, i will take an online school / course and if the course does better than my collg, then i am going to convince my parents that this school fits better for me since it gives me better resylts, then drop out, its just i am scared if things dont go the way my parents want.
Fr where’s the update
This video came with the divine timing
I don't usually ask God for signs, but today I did since I'm at the crossroads with deciding whether to drop out (or alternatively move to a private college where I can finish up my degree without spending 100% of my time studying dumb stuff) or not
Good thing is, that I already gained enough confidence because I've been already getting business success's and proving my hunger to myself. Also I've passed through more than half of my college subjects, so I also gained that kind of confidence that I'm capable of learning and digesting more complex topics and subjects, which was my initial goal when I returned to college 2 years ago.
Then 2 hours later after asking God, I wake up from a short nap I took after an exam. BAM. First video on the feed which just kept covering my "objections" or concerns as they were showing up.
If I meet you one day Alex, I'll buy you 3 deserts, one for $100M Offers but 2 for this video.
Appreciate you
I just had a conversation with my father ...a little bit related to my school issue.
Was wondering about how to explain my desire to quit school
Decided to go to IG.... Viewed Hormozis status... And here i am.
I'm short of words on how divine this sign is
dropping out was probably the best deecision I ever made, got a 6 figure job 6 months after without having to go into massive debt , learn a high demand skill and youll be fine regardless of what you want to do if its entrepreneurship or get a job
@@AnBuiOfOnlineCareerAccelerator sureeeeee you did
@@AnBuiOfOnlineCareerAccelerator
6 figure job without a STEM degree?
What field are you in?
Amen Amen!
I wish I'd have seen this 7 years ago but I'm still grateful that we have people like you putting this out for free. I was one of the smart kids in high school and didn't even consider not going to uni. I went for 2 years and have about $20k to pay off but I think I'd have been worse-off completing the degree and getting trapped in "the matrix".
I'm now booking my first sales calls for my online business and should be self-sustaining in a couple months.
How you doing rn? Gotta keep you accountable
Yo buddy how’s life going
Good job, how’s it going know? I wanna learn from the good and bad that u have faced
@@KyleDallasI was wondering the same thing
I dropped out of college at age 20. Wasted two years and wished I had never gone. In sales now and starting my own company. This video resonated with me and my own decision-making process. Fantastic video, Alex!
How’s work life balance I’m thinking of how it would be to meet new people outside of college
@@mychakras3782 You have to be able to open convo's or opportunities to meet new people, dont think they will show up, go out and begin saying Hi! Show genuine interest in others, will make the process quicker n easier. Even if you know the answer, ask anyway to open the door, ya know.
Im 17 and looking to get into sales. Can we connect?
@@Dan-hd8udtough luck 😂
@@mychakras3782I am scared telling my parents of dropping out, what i have proposed telling is while being in collg, i will take an online school / course and if the course does better than my collg, then i am going to convince my parents that this school fits better for me since it gives me better resylts, then drop out, its just i am scared if things dont go the way my parents want.
This helped me put a lot of thoughts I had about University/College in perspective. The key is not dropping out without a plan but switching tracks to something greater and something that would help move you in the direction you want to head towards - faster and better.
Man what a blessing for Jacob. For the rest of you, it's possible to learn sales/persuasion and apply it in any field to help you progress. It's not fun or easy but eventually you will sharpen your skills and with focus, really make a difference. Good luck!
Honestly my university years have been fun so far and it will be even more of a blast. I have met really cool friends and people as well even though my self esteem before college was abysmal. I am pursuing engineering degree along with my few friends and we just want to live a normal life with family and fulfilling engineering jobs. I respect the opinions of not going to college but if you are not from america you dont go into heavy debt most likely and also in america you have a lot of business people and entrepreneurs and such that you can look up to. Dont really have those opportunities in south eastern europe. Just wanted to give a perspective, i really respect all those videos tho and i might start a company in engineering field after i graduate but just wanted to note that in some countries if you dont have a college degree you are basically nobody, also every market here is drastically smaller than in US so even less chance that you will hit it big.
If you start an online business, where you come from is not important, you can sell a digital product like a digital course and build a community online on social media, launch the product and make a ton of money, i know 2 girls who made +$400K with a launch of a course about IG strategies and they're from Belgium and France
Agree 💯
Absolutely! 👍🏽👍🏽
Hello friend(didnt want to guess at your name, haha), I was both impressed and sadden by your comment. Impressed, but cause you are not a typical youth that we mostly hear from. Its either the Entrpreneurial dreams or the save the supposed socio-economic inequalities of societies.
both are so watered down now, that they are like commodities, Unfortunately. But you know you wanted a "normal" life with a fulfilling career, which is sadly labeled by many as the 9-5 wasted. But what so many dont realize in younger ages is you will go through many changes in life, some good some bad and life goes sometimes not where you wanted. But I hear so much of its "this or that" mentality, and life is way more than that. Colllege should be your Experiences/Trying/Learning time, with a lot of that time focused on fun experiences and meeting other people than our hometowns. Sadly, I feel for many as the price has becoming almost criminal, but if Parents are paying, I say take advantage and live it up, and learn about yourself and the world and begin knowing what you like to do. But as many say, Live YOUR LIFE, once you know in your heart n mind, dont let peoples words or feelings affect YOU. Satay true to your natural wants and your needs will be met. But before, I ramble any longer, know that technology has made the world so much more accessible. Meaning, who's to say you dont end up running your engineering firm from your "smaller market" but are doing projects for the Mega markets. Sidenote, I have a habit of checking the bottom of websites, and I have yet, in the last year, to find one that doesnt have a "career" or "jobs" section and are hiring for multiple jobs and postions, dont get intimidated by all the word salad they put in the descriptions, if its your area of focus, go for it. Esp. while young, you can work 1-2 yrs somewhere and bounce around and build experience and experiences plus networking, learning from others, and know Generations before didnt have options like we have now, and they made those options possible as we all will for the Next. Go MAKE MEMORABLE MOMENTS for yourself n others and watch how you Stay Smilin' through Life!! @DavySTUN
So happy to see other people enjoy their time in university. I'm going into my second year of engineering here in Northern Europe and I can't say I've enjoyed it. I'm introverted (even on the spectrum), so even though I have a desire to belong and have friends, it hasn't really gone too well. Failing nearly every exam on top of that has left me so stressed out. I'm seriously considering dropping out, but I think something like sales will be even harder for me.
Absolutely how I feel. As 18 yo I had this mentally as well.
We use the excuse of using university as shield, but when you see the big picture almost all graduaters are the same. So if I want to get advantage of them I have to choose the unconviction path, I have to learn in books and courses and stop wasting time.
But recently I found my way in my mind, my brain and frequency alight with the universe and I saw the track of my life.
-
When I had 8 yo I was on school and my school sometimes had news to sell and I was the top 2 of selling. I had forgot this, but recently as I was getting knowledge in self improvement content I found I already did it. So I thought omg, this means my purpose as been alight since I was child and therefore everything starts make sense
Couldn't agree more. I made a video about this a couple years ago on my channel. I'm proud of it, although it's no where near as good as Alex's. I will NOT be pushing my kids to go to college. If they want a career that requires it, so be it. I have a couple degrees and I have not used either for any of my career paths.
The dude is so lucky to have been your neighbor! I wish I had a mentor like you Alex when I was a kid. But for now I'll just binge watch all your videos and reels
Hi Alex. I started to adopt your money, buisness and lifestyle philosophy for about 6-8 months now and the quality of my life increased tremendously. Forever grateful for the genuine good will to help others, inspiring me and thousands others to be like that.
College acts as an backup plan. It allows you to explore other field you are passionate about, and say if you fall you have something to fall back on. I feel it’s good to have a backup plan, helps u a lot when u fall.
Lol
@@powergamesbm3470 guess you nvr work for anything in ur life huh
Not having a backup plan makes me work for it more, plan A is going to work no matter what
@@rens.9124 100% agree. It makes you really desperate to make it happen. You just have to make the best out of your situation.
@@rens.9124I totally agree with this
Holy shit I had a 3 hour discussion with my friend about oppurtunity cost just last week without knowing that was a term. Just dropped out of highschool and to hear this from someone like you is a relief
CAN YOU DROP OUT OF HIGH SCHOOL IN AMERICA??
u dropped out of high school???
Is dropping out a good idea? I'm going to high school next year
@@Lratiobozo no ur gonna be a loser bum if u drop out, dont do it
@@Lratiobozo no bruh dont drop out of anything, do whatever youre doing and do this on the side, once you make the bi
g bucks then you can ask yourself if you want to drop out
College is destroying my mental and physical health. I hate everything now. I'm so stressed
Facts
I hope everything gets better bro
Sameeeee
Same path as Jacob. 18, dropped out of high school with 2 months left, moved out of parent's house, in sales rn, moving to a higher commission job, buying a camera and learning the skills to create a course and market it as a business of my own.
Let's see if I can earn more than Jacob when I reach 20 myself.
Nice bro how did you move out at 18?
@@richardjones7899 found a place, got a job, calculated the monthly expenses to make sure it all worked, and packed my shit and left
@@Jackson_Zheng How much do you make in sales?
I’ve always been a practical thinker and even in high school I had the inclination that college didn’t matter to 90% of the students attending. I always knew that if i could find a way to add value to the market, i didn’t need college. If i could convince people to part with their money in exchange for some value, i could make money. But i was always told i was stupid by my family, never pushed to be independent when i had good ideas. Basically my options were go to college or be a failure. The pressure was enormous. Now its been a couple years since school ended. I’m not going to lie, my life sucks. I have a decent and very stable job, but i don’t even make enough to rent my own apartment. I need out of this situation.
fuck bro, thats so unfair. What would you do if you were 18 again, for the sake of learning from your experience?
@@Will_4560I would either 1. Continue self learning software development - I was doing it for a while and it was fun but I got discouraged by my family. Or 2. Start a business around something that didn’t feel like work to me. Those things were drawing, artistic ventures, costumer service, talking to people. Now just thinking off the top of my head maybe I would sell wall paintings for commercial spaces or something like that. Anything to get the business juices flowing. The best part about those two things are that I could’ve failed for 10 years and then gone back to college if I wanted. Nobody would care if you go to college late, heck you’d have a better idea of what you would want to do anyway
@@Will_4560would interest me too
What was your major?
I dropped out a year ago, came out with exactly the same framework to decide wether or not i drop out
Long story short: Today I make more than the salary I was supposed to have after 6 years of college and I hope that next year I will make 6 figures (in France it’s a “lot”)
My advice for younger people watching this would be:
Be very pragmatic. Don’t take a decision based on your emotion
Tu dis de pas prendre une décision basée sur les émotions mais c’est sûrement ce que t’as fais quand t’as pris ta décision?
You make salary from a job ? or an entrepreneurial gig? What is it?
@@ahbe9232I am scared telling my parents of dropping out, what i have proposed telling is while being in collg, i will take an online school / course and if the course does better than my collg, then i am going to convince my parents that this school fits better for me since it gives me better resylts, then drop out, its just i am scared if things dont go the way my parents want.
I’m in Germany in a French highschool
I got my entrepreneurial start in college. Granted, I got kicked out of 2 schools for it. But I learned more from that than from any business class.
What did you do bro?
@@richardjones7899 Exactly. So much not said.
@@richardjones7899 sold weed
Same it actually made me work harder “I’m
In college I gotta have something after this”
@@pat.henigan lmao
This video caused me to drop out about 6-7 months ago. Landed a sales role and make 7-8k a month now with no debt from college. Thank you Alex
I got a 3.7, went to a cheap state school and graduated with no debt. I took 5 years to finish because I worked throughout school, but I graduated into a 6 figure finance job straight out of school.
Now I’m 25 and making $350k+ in private equity, with no real ceiling for pay and pretty good stability.
My point - school can be worth it, but you really have to have a plan. My plan wasn’t perfect, but I had a pretty good idea for what field I wanted to go into. I knew how to finance it and was pretty organized. I had some fun, but it never got out of hand.
I think you have to be 2x as organized and focused if you don’t decide to go to college. This isn’t a “cheat code” - it’s really easy to end up working low-wage jobs at shitty companies with no degree these days. So many of my friends who didn’t go to college have accomplished almost nothing 7 years out of high school.
Sounds cap.
I think this speaks to the person not the decision.. There are lots of people I know who live the same mediocre lives who went to school also. Sure, there's more structure, but it's all the ambition for the person... There's a marginal bump, but it's not that significant, the people who have no ambition and go to school either drop out with additional debt, or have a bump in lifestyle that's not changing their life, because they're not directing their life...
That’s awesome! What was your degree?
@@gabrielmanrique9682His degree prob comp sci
I'm in a super similar boat but will be graduating with around 30k in debt. I'm not sure if you're a finance major but I'm setting my sights on getting hired at the Chicago Mercantile Exchange out of college like one of my friends did with a finance degree from the same college. Trying to become a market maker one day and I think the degree can be worth it if you want to do something hyper specific.
Jacob made the right choice, I'm 20 the same age as him (in college), didn't have a mentor like Alex when i was 17. I'm running a business while in college but haven't received the amount of success Jacob did. Not really interested in college but can't drop out. I haven't proven myself to the point of getting the confidence of dropping out. Apart from that, College isn't bothering my priorities, it just exists on the side so I'm like sure I'll continue. But yeah it's a waste of time for sure.
I was in the same boat, altho after certain success's I got the confidence
And another thing is, my college is quite disruptive
It already slowed down one of my massive momentums 4 years ago quite heavily
Finally decided to go after my own path, since I managed to gain back confidence which it drained from me.
İ am on the same boat not enough confidence to drop due to not having a consistent success.
What are majoring in?
A worthless major or STEM ?
@@jad2290 STEM, but turns out I'm not very inclined towards it
19 taking a gap semester to go all in on my business how are things for you now
College was so fun I think about it at least once a day. I think college is still highly necessary. I wrote tons of essays for scholarship foundations and had most of my schooling paid for. YOU CAN go to school without the burden of financial pressure. Don't let others tell you its a bad move. Make the decision yourself. I'd say double up - get a college degree and build an entrepreneurial front at the same time. You can do it!
Agreed!
Optimal
It’s interesting that you said college was so fun. Not that it was helpful or necessary. Just keeps people unproductive for 4 years and ruins many
If you wanna be crazy about all the fest and events and all the hot chicks you could hang out in college,it is the absolute best thing to do. I despise those and i love what experience my money can buy for me later down the road.
It depends what degree you study and what your goals are in life
I haven’t been able to figure out what i wanna do for myself. I just know that i wanna make legal money, successful and most especially become a free man. I was lost, but i had this one friend who kept me on the way. Showed me why college sucks. And now we own a website agency. Thanks bro…
I went to college and ended up getting a sales job at Google (required a degree). My income was capped at 80-90k a year with their commission stricture.
Now I work in construction / sales and earn 2-3x the amount I earned at Google, easily, working 9 months a year.
It’s about what boat your in.
That’s dope man, how did you learn how to sale while in college?
@@richardjones7899 honestly I don’t think any college teaches you how to sell, just how to be employees for the most part.
I just got a job in sales, did sales gigs on the side (MLM), then started my own company eventually. Everything in business starts with sales!
Can you expand on what you mean by construction sales? What kind of products do you sell?
What does Google sell? Ads?
@@awh4272 thin air
Hey man! I’m 17 right now, senior in high school, i currently run a small (unprofitable) facebook ads business that i’ve been using to channel and gain my knowledge of sales, marketing and other necessary skills of business. I’ve been really debating college or not internally and this helped a lot. Thank you so much, genuinely
Don’t fall into scam. If you know it ain’t for you go wit that feeling TOP G💯
I chose college because I didn't knew what I wanted to do. 4 years later I feel like I've learned nothing new and watching my friends getting a job while I'm lost. I tried businesses and had some success until parents forced me to quit business and complete graduation before that
That’s fucked imo
If you're 18 or older nobody can force you into anything, you gotta take responsability for your destiny
@@andriuwespinozeichon5975the problem i am of thew few who still wants to be dependent on my parents
I am scared telling my parents of dropping out, what i have proposed telling is while being in collg, i will take an online school / course and if the course does better than my collg, then i am going to convince my parents that this school fits better for me since it gives me better resylts, then drop out, its just i am scared if things dont go the way my parents want.
I started college late at 20. I only got admitted to some shitty community college that people use as a transfer school. I remember looking at all the courses I'd have to take to transfer and all the high school math I'd have to relearn... I was honest with myself. I HATED school and didn't believe in the school system. It would have taken me 5-7 years to finish all that shit, transfer and graduate (assuming I even got accepted to the new school). I'd have been 26-27. Instead of doing that just to get a business degree and start a business I told myself I'd just skip that BS, start a business and actually get real knowledge and experience. I would have graduated last year and now I have several years head start with a real business and real industry knowledge.
How’s life going ? I’m kinda in the same situation as you are and I’m scared / confused on what to do drop out and chase my dreams and build business or change my field of study and get basic vocational certification
@@user-if4jn2fs8x same situation bro - what u have decided on ? - im about to decide on dropping and become a youtuber instead
20 isn’t late lmao
This applies 100x to grad school. Back in the early 00s, all my friends went to grad school, not to gain skills, but because they were lost. I decided to pick up job experience instead.
What job? And what was your route.
@@elijaha4279 All my best jobs came from temp to perm jobs through contract agencies. Make $120K a year working 40 hours a week from home in tech now.
A lot of parents scoff at me for saying my 13 year old probably will be an entrepreneur and won't need college. She's already learning sales and marketing thanks to me and researching her first ecommerce idea. Candles. Thanks for this video.
Dropping out was my best decision. Went all in and now I’m pulling 60k a money at 19. Aiming for 150k minimum by the end up the year
As someone who made the wrong decision and actually went to college, over 80% of all of my classes have been a waste of my time. When I tell people that they think I am just complaining about my classes or that I don't like to learn/study. The truth is that I genuinely know that only 20% or less of the classes I have taken have added to my skillset in a way that will enable me to be more successful. The main issue is that I would have learned those skills regardless of whether or not I went to college. I only kept going so that I would have that dumb piece of paper as something to fall back on should my business plans fail and it was really cheap to get my degree from the university I attended.
I'm still currently in the military... In my specific situation, because I will most likely get paid to go, I'm using college as a vessel to have more time than working a job, or pulling a 12 hr shift in the army every weekday. Having 12 hours of not very focusable time is extremely frustrating. So college seems like a dream as far as having excess time to do productive things.
Words can't express how much I love this. Thank you Alex
Tried University for 100 days then dropped out. Next year went to community college and stopped going to classes because I was too busy working. 6 months later, I'm have a full-time job knocking doors. The pay is nowhere near what Jacob makes, but I'm learning a lot about sales, and am no longer dependent on my parents. I'm glad I tried university, but I'm even more glad I dropped out when I did. Trust yourself. Trust the process. Don't trust universities.
I like the fulfillment in Alex’s eyes while he’s talking to him.
Thank you for this. I went to school, waisted years, to get my MBA of which I fell short 3 credits.
Now I own my 3 rd bank both in PE and family office. Not one thing do I used from going to college.
I’m 19 and at the end of this year I’ll have transferred twice, closer and closer to home each time. I finally realized it isn’t THE college it’s just college in general. I’m lucky enough to have it paid for by my parents but the waste of time for a business degree I don’t need, gonna dropout this spring
The editing for key points and attention grabbing couldn’t get better. All of your videos are extremely well done. Thank you for sharing your knowledge 🙏
*To Fellow People*
The way you think and feel about yourself, your goals and expectations for the future, and how you interact with the world around you can all have a massive effect on your success (or failure).
*So think positive to all your endeavors because success is through a positive mindset*
Thanks for reading.
I LOVE YOU 😘❤️
The absolute racket college is these days is 🤮. We used to try and buy used books for our class from previous semester students but professors weren’t getting their cut so they required that we buy a new book w QR code attached, in order to register for the class.
5:01 Sometimes there is no next time, no second chances. Sometimes it's now or never.
I think practically speaking, inexpensive college is the biggest factor for upward mobility for most people. Hormozi has been beyond helpful across the board, but this trend of Billionaires telling the poor that college won't help, can really come off as classist and gatekeeping of knowledge and wealth. The future big businesses are via Medicine/Engineering/Software/etc entrepreneurship. Instead the advice should be to do both. Suffer while you're young and work and learn and put in minimum 80hrs a week total. Do an ikigai exercise, make a list of 10 things that work for you, figure the top 3 that are accessible to you, pick one, and then make that you're living breathing purpose, the reason why you're drinking coffee and why you sleep early; dopamine detox everything else and make that purpose you're biggest dopamine engine. Try to work towards an industry that has high dividends and high upside, like programming, sales, etc.
I wish I knew you or someone like you 50 years ago! Where would I be today!!!!! Happy to have found your content and I'm continuing to learn and shift my positioning and goals.
So many excellent points in this video! The best part is if Jacob decides that he wants to go back to college he can now pay cash for it instead of succumbing to the dreaded student loan debt!
Man! My 18 year old daughter just graduated high school and was going into real estate because I tell all 3 of my kids that college is unnecessary for almost all occupations these days. Education is essential, experience is the master teacher especially when guided by a good mentor.
I have a master's degree so I'm speaking against what I was taught almost 3 decades ago. My daughter decided she wanted to go to college now. She applied and got accepted and she texted me to tell me. This video dropped the next day 😳...lol.
She has to make her own decisions, but I feel like it's the wrong one for what SHE WANTS TO DO.
I agree with this video 100%. I wish parents wouldn't just push kids off to college because it's what they did 20, 30, or 40 years ago. 🤷🏾♂️You ain't buying them rotary phones, VHS tapes, and cassettes just because that's how you did it? Who's still teaching kids how to bob for apples and become blood sisters?
I love these comments 👊🏾❤️🔥
You seem like a cool parent, i’m shocked your daughter willingly wants to go forth with it
@@taliyy_She might want to go because she's being sold the idea of college being "the best years of your life" and hearing about all the parties.
Whoever is doing your video editing, is doing a great job!
Gold! This is a prerequisite video for all the youngsters dreaming to make it big one day 🙌🏼
22 years old
Senior Studying Mech Engineering
5 semesters to go if I want my degree because I've focused on building my mobile mechanic business over school, resulting in retaking a bunch of classes.
I'm hiring my first employee right now.
If I'm not going to be an employee ever again, why do I need this degree?
I'm at the crossroads and am tired of school preventing my growth.
Thanks for the video Alex, it helps hearing advise from someone who has seen both sides of the crossroads.
I’’m a mech student too. Feel like I’m wasting my life, but didn’t know where to jump
@@redbaseball967c8 If I didn't have a real relationship with God, I would feel the same way. I'm thankful that He has shown me the direction that I need to go. God is real and God is so good.
You released this in perfect time bro. Im 19 and just dropped out of university yesterday
how is it going ,did u start a business?
@@danielobioyea man ill reply to this from my other channel, I uploaded a video about it recently
On this channel
@@danielobio ^
Although everything Alex said is absolutely true the biggest takeaway from this video is if you’re going to take the road less traveled you’d be smart to find a mentor. You can do it without a mentor but it will take literally 5-10 times longer. College is a smart idea for anyone if you do it right bc at worst it affords you a backup plan in the event everything goes wrong but if you’re willing to work 10x harder (or have a mentor) you can do it you’re own way
College isn’t for people who like teaching themselves. I hated college but I LOVE learning
Valuable breakdown Alex 🙏 great video editing/flow too! 👏
And the other thing that’s not mention In the video is most people after graduating college start entry level which means entry level salary. So it’s really not just 4 years wasted it’s more like 6 to 8 years and by that time you are already swimming in so much debt that you end up back with your parents. My parents hated me dropping out of college but I stayed true to my vision and at 25 I was making 250k a year and doing more then a million dollars in sales annually.
Calls sales?
Man, you changed my life After this video, i was scared because i have just quit my College and started self learning, i am going to learn graphic design, marketing, sales, English, hoping one day i can make 1.2 millione a year, thats my financial goal.
Thank you so much
I’m one of those people that never had a particular interest or passion, so I never went to college. I just wanted to make money and live in peace. It is, however, discouraging to see my friend cheat his way through his degree and make more money than me within 4 months of graduating when I been working toward a higher income for the last 10 years. The idea of spending 4 years of my life buying a higher income feels so wrong, and even if it will potentially net me more money in the future, that’s 4 years of my life I will never get back pursing something as superficial as a degree that brings me no joy.
The only positive thing I can think of (in my situation) by having degree is not feeling that pressure anymore to get a degree, as it just never goes away.
Great content as always Alex! I’m a big fan! Helped me to articulate what I’ve been trying to say to my two boys for a while now! Excellent video my guy👌🏽
can we all just imagine what it would be like having this man as a mentor and neighbour at age 18...
Priceless pearls of advice in here. I urge young people to be careful with the college debt trap. There are millions of ways to create value for the world. Learn these skills, you won’t learn them in college anyways.
Love your videos they’ve helped immensely! Btw choosing between mexican and Chinese for lunch is gonna have a huge impact on my plumbing
I hope I can positively influence peoples lives the way Alex does.
Alex, your video got me thinking why start at 18 when you can start at 14. Thanks for your videos they really add perspective and value.
The problem with this video is he is using averages, community college is way cheaper, and there are scholarships and pell grants that make the cost much lower. College is also a great way to find out what you do and do not like and gives you time to mature....
Thanks Alex you made this more clear to me...am in that kind of situation.
But this just brought clarity to me.
Watching this valuable video as a current student majoring in education and as a single mom of 1... I'm doubting my choice of being an elementary bilingual teacher, specifically on the circumstances I put myself in. I've disappointed my father in many things and becoming a school teacher is a way to redeem myself, although I'm not very convinced on the idea of teaching for the next 10 years of my life. It's not practical, especially with the pay although the benefits are good alongside the pension. I receive my financial aid from my father and telling him that I want to change gears once again is scary af.
"That's a good question." and "I'm just paraphrasing" are things you ALWAYS say.
He's in good hands
Economics major here from a top Univeristy. Apart from some finance modules (which I could have learned from CZcams in less than half the time) , nothing I learned was useful in making money , generating income.
“Lucky” kid , awesome you helped him and I’m sure you have helped many others (you helped me lol ) , also really loved that FaceTime clip you put in the beginning to stick around till the end !!
I wrote this comment mid video , still mid video , content is solid man 😂
Watched this video about 8 times in 2 days and decided to drop out today, i was in the same place as Jacob and i was tired of it, i was using school as a safety net and now there’s no more excuses i’m in for the long run. Thank you for changing so many lives Alex, really appreciate it!
How is it going now?
how do u make friends without college?
I'm 17, this hit home very hard. Thankyou so much
If I saw this video 8 years ago, I would not have wasted 40k on college before finally dropping out. Which was actually the best decision I've ever made because I make more money now than I ever would have if I went down the college route. Great video, as always.
I got a bachelors degree in CS, definitely worth it
@@lordxeno8270 yeah CS is awesome. I have business administration which is not too bad but CS would be way better.
But can I not just get a ton of certifications and experience? Well yeah
@@brycenurding8133 yes you can there are bunch of certs option in IT these days.
Depends what you want out of college. I did not benefit from college. Even the programming courses moved too slow so I just taught myself.
Being 19, I needed to hear this so bad, thank you!
Go for it, I’m 19 and dropping out in two weeks…generate a plan though
NOW IM 19 TOOO. HELP. i do have a plan tho. @@GHOST-cr2je
I dropped out of my college after 2 semisters and it was totally worth it, currently im working on my media startup, earning good money which i could have never earned while doing college
Incredible insights and point of view. As someone with a couple college degrees, I wish I had seen this video 20 years ago. I would of made different choices. I'm often asked to young folks about college and I have found it increasingly difficult to endorse the path. Your path provides a framework to navigate those conversations.
Probably the most useful and helpful video for undecided precollege guys. Alex Hormozi really helps and in addition, he does it for free. Man, we are really thankful.
Why you shouldnt drop:
You will achieve nothing, you will be just a guy, dont expect anything more. It is pure luck to sky rocket. Many, too many people failed getting rich and we do not know their stories because only winners are proud to tell theirs
I think it depends on many variables. If you don't know what you want to do with your life, or the degree you want might not have higher any potential, or the thing you see yourself doing after college how many people doing that don't have a degree, and you already have a fairly high social buffer who are well capitalized or at least have their own house and potentially other resources and your core strategy isn't going to be subject matter expertise then sure, you can experiment with not going to college.
But, I think college gives you social capital in the form of weak ties who might go off and accomplish great things. 10 years out of college and my peers went on to be doctors, directors, and principal engineers. I've already reached out to them for referrals and advice. My high school graduate friends who didn't go to college almost all ended up going to prison, becoming single parents, or starting businesses that are lower barrier to entry and very intuitive (restaurants, Churches, credit repair) so it's harder to scale.
I'm in college, but I get to do flight training and most of my courses are about flight. I plan to be a pilot and this is not the typical college experience.
in my country, people who doesnt have a degree is equitable to nobody.
you only earn respect from having a better status in life and a degree. I got depressed in college not because school is hard but because its not what i want to do. i really think i could have done better than going to college. i was always compared to my classmates who graduated already not knowing i have helped some of them during our removal exams. i quit school and still trying to recover from depression. try learn anything i could learn to add value and land a job or i will be miserable my entire life and no one would even show respect to me. if god will allow me to have a good life and have my own family, i will make my children chose their path in life, not the path the family and society are constantly telling them to walk into. if there will be a restart button of my life, i would do what i want and live the life i want. i cried thinking about my old happy self.
Not too late to recover, god bless everyone.
If you want to be an engineer, doctor, lawyer, scientist, etc go to school. If you want to work in tech (software developer, security analyst, etc) college might help if you can avoid going into debt but it certainly isn't necessary. If you fall into any other category, don't go to school, especially if you'd have to go into debt to complete your degree.
Soo if you want to make money go to college
@@Sam84820 go to college only if you're going to major in something that will actually allow you to pay your debt off
- Going to college without a career goal is just paying THOUSANDS to feel unaccomplished.
- Skipping college without a career goal is to end up working low-wage jobs 5 years later, when your peers have started professional careers.
The most important thing is not whether you attend college, but whether you're aiming for something
I think it also depends where u live. If you do not live in europe, the chances are parents will be mad at you if you dropped out of college even though if you told them you have dream to pursue
Education is much, much more than learning abilities to make money
Hey guys you can study majors that will make money. You don’t have to major something with low job prospects. The average person who goes to college and studies something useful will always make more money then a high school graduate
⬆️⬆️Let me take you to something new that can bring you millions....
I'm 16. Thank you! I"m not going to college!
I truly fuckin love everything about this story brother.
You truly helped changed this mans life.
Wow. Love it!
🙌🙌🙌👏👏👏
My dude you are amazing. An amazing inspiration. I love the 28 rule you got from think and grow rich. Thank you so much for helping me shift my mindset!!!
Honestly the most smart guy ive ever listened to talk about money and finance
I’m about to get a degree in finance in December. I worked 40 hours a week minimum wage to put myself through college so didn’t do the social part either.
Now all I have is 3.5 years of IT work experience and a cool piece of paper. Now I need to get the income up to start getting my money up.
There’s also plenty of reasons to go to college. Not everyone is an entrepreneur. I didn’t go to college nor would I but working in the oil fields I’ve worked with lots of fabricators, inspectors, engineers, project managers etc all of which getting those jobs thought traditional education and making 100k+ a year and having a good quality of life.
This content should be shared worldwide! ❤️