I feel as college not only teaches us skills and knowledge, but also helps develop a systematic method for solving problems. And it's so much quicker learning from our elders than trying to re-invent the wheel.
I learned a lot at the university, but I'm not sure it was a good choice. You know, I graduated from the university with honors and I had the top grades and results. I got a Master's degree and then a PhD degree in liberal arts. I graduated in 2018. No one ever wanted to hire me since. It was crazy. I did everything I could and still every company and institution rejected me. Never told me why. No feedback. Nothing. The government doesn't care if PhD graduates end up homeless either. It was a worthless degree in terms of getting a job. Only favoritism and nepotism everywhere (including academia). So, I can guarantee you that people with much worse grades (or even without a college degree) will get way better jobs than you due favoritism and nepotism. That's how it works. I'm not from the US btw. I'm from the EU. Good luck to all!
look mate sorry to break it to you, if you wanted to go all the way from Bachelors degree to PhD without any work experience, it better be a PhD in a STEM field or at the very least something like say Economics or Finance. My suggestion to most people is after you graduate from Bachelors degree, work in a professional environment for 2-3 years before you continue your studies. That way you can build your resume first before studying for a Masters degree.
@@lettuce1305 That's not necessarily THE way to go either. I did my master's in animation and post production right after the bachelor's and those 2 additional years allowed me to both understand things better and create a portfolio that landed me my first jobs. That set me up for a career trajectory much steeper than colleagues who either didn't do the master's or didn't make good use of that time.
@@lettuce1305 Well, I actually DID work in my field during my studies part-time for 3 years. But I can't work there anymore. There are no open job positions. But my PhD supervisor, who is the head of this department, backstabbed me purposefully. He knew I had the best qualification for the job and he behind my back hired people with much lower qualification. Never told me a word about it. But I found out eventually. I can't talk to him anymore. I cut him off my live completely. Thanks for the advice about STEM. But I actually graduated. I can't study STEM now , there is no time and money for that.
Yes 👍🏾 I agree ☝🏾 with "...it depends" I would also say this you want to go above & beyond to practice mastering 🙏 control of your spirit self crafts finances & ownerships - with & apply Knowledge (how far to go.....) Wisdom (experience & mentorships from the "successful" to the successor Understanding (Maturity & Acceptance) Within principles values percentages & prices To add value to yourself family & community
I absolutely agree with him. College is a good place for meeting new people, finding friends, relationships. If one has not decided what occupation they need for life, college may help to find it, but not always. There are things that are not taught in college, this can only be studied by experience. Of course, there are some professions, for example, doctor or lawyer, for which college is essential. If a teenager is sure that they want this career, then they should definitely go to college. However, sometimes an 18-year old is not sure what they want, and they choose the most “prestigious” degree to study for. Some change their mind after graduating, others live hating their jobs for years. And in my opinion, this is a huge issue of the society.
There are clearly occupations that require education such as teaching or medicine. But I remember school very well and there were many kids who were already successful in life long before they entered College. Which is probably why some people succeed without a college education while others spend a lot of time studying and learning but never amount to much.
You can make a lot of money without having a college education, however, given the actual educative paths humanity has, college education is a required step for overall life success. College education (private or public) will expand your mind, which will help you resolve problems in a much effective, and faster way than if you did not had it. I believe college is a must, until a new and better mind expanding education growth method replaces it.
"college education is a required step for overall life success". That's objectively false. Even ONE person having success in their life without college would make that statement false. You can't just make statements like that. And one of the most experienced people (Ray) on the topic just said otherwise in the video.
@@thanos879 Yes, I must recognize that the statement as it is, is objectively false. Thanks for calling this to my attention. The statement must be rounded up indicating that college education will get you there faster, in a much more effective way, and is highly probable that will enable people to be in a better position in which they are now without college education (learning = mind expansion).
Other than food, water and air, nothing is necessary in life. But college degree is now a normal thing to have. In today's world, if you can succeed without college, you will likely already know that by the end of high school. Otherwise just go to college like everyone else and figure out what you want in life.
This is why we have GOOD (few and far between!) Careers Guidance professionals. I know I know so many are not good and that is why like every other profession you need to shop around get a referral etc. ALSO if people recall working with your hands (trades) were frowned upon by many snobby parents time for a re think!
The college is VERY necessary! I am a 36 year old and in the last 10 years I’ve worked in Logistics field as a Manager. I had managed goods of about $200 million. In the last year I’ve moved from my country to Germany. I can’t have a decent job because I do not have a college education! They don’t call me for an interview! So, for the youngest people…GO TO SCHOOL! Even if your parents cannot pay your school, do whatever it takes to do it on your own! I had a lot of money during my working experience and I didn’t get to college (LATER), not because I am a fool, but because it is hard to do it at 30 years (you have a family, a way of life, a job, hobbies etc.) Not each one can be a millionaire without education!
His point is there are different ways to become educated and make a living. Formal education only sometimes teaches one what one needs to know to strike out on their own. But, yes, if you want to work for large corporations, having a bachelor's degree is a requirement. However, in the US, many millionaires have very little formal education beyond 10th grade. Think tradespeople, landscapers, handymen, etc. You can make a lot of money in those fields, and the barrier to entry is cheap. You just have to have the skills.
The debt you can incur can be crippling. Especially if you don't even work in the field you go to school for. If you are going to go to school, be damn sure you will want to pursue a career in that field after you finish.
I think the best investment at this moment is before college. Invest in better education to the childrens. My opinion is, we need to bring to the public education clases like Moral, values, ethics, finances, Economy, equal opportunities or diversity, and all science like Robotics, AI ect. Best investments for our future as a nation or personal goal. Think 🤔 As a parent or investors…Are we investing in things that make us productive and or competitive for our kids or as a country for a better future?
#1 Don’t forget the things you learned in kindergarten and first grade #2 try to find your passion (mine was mechanical systems).#3 try to associate with people that hold your same interest (fortunately for me I had an uncle who was a tool and die maker, cousins and brothers who all held the same mechanical interest .We all spent a lot of time in that uncle’s garage,who would have us convert fractions into decimals before we could walk through the door). #4 after High School try to follow a path that will enhance your passion and give you the knowledge to pursue it (for me that was a small technical college in mid Missouri for my brothers and cousins it was the University of Missouri where three of them became mechanical engineers and one a business major . Mine was a two year associates degree in air conditioning,refrigeration and heating).#5 find that job where you can prove your knowledge, enthusiasm to learn, work ethic and all those things you learned in kindergarten. (For me that was the gas utility in St. Louis, Missouri where I spent 35 years in the Service department , doing work I truly enjoyed , sometimes 60 hours a week)#6 start saving and investing as soon as possible, Learning from people like Ray Dalio, Peter Lynch, Warren Buffett and quality people like this. It’s your money , you absolutely have to take an interest and hopefully a passion on how it’s invested.#7 help others pursue their passions, set positive examples ,share your knowledge with others and become a quality citizen. #8 in retirement, hopefully you have the money you need and the Health to pursue passions and hobbies. And again don’t forget those things we learned in kindergarten. Stay safe out there,Regards from the Saint Louis Metropolitan area and go Cardinals.
Thank you, just yesterday I was thinking about pursuing, or not a degree, and also ask myself, who is a reliable person to ask for a piece of advice? and I thought .... maybe Ray Dalio, but I thought, he's too busy to answer my questions. how biased a mortal can be....
If you can get to top college and your parents able to pay for it, go for it. If you are really smart, got to ivy leage college but your parents can't afford, try to get scholarship. If you can get it, go for it. Otherwise, consider to explore your own path.
How should one deal with cynical friends? I love my friends but they shoot down every dream or opportunity that crosses their mind (or our conversations) ... Also what are some books your recommend?
Just try to help them one time , If they don't change by themselves , you just can't do anything to help them , you can take the horse to the water , but you can't make him drink .
If your dream can be shot down…you either don’t want it bad enough or you’re not sure about what you want. I’m usually the type that is always looking at the negatives and the risks…don’t listen to people like me ;). It’s not bad to be risk-averse and you might want some of that in your life but you don’t have to listen.
Choose Yourself! Be Happy, Make Millions, Live the Dream by James Altucher, and also many Brian Tracy books like No excuses or the power of self confidence.
Gracias Sr. Dalio, pero difiero un poco, considero que si es una prioridad empezar por la educación, para qué andar dando tumbos experimentando y equivocándose? Para llegar a la conclusión de lo que pudiste haber aprendido en la universidad. (No es opcional, es lo ideal; primero las bases, las premisas de la educación) Saludos! Unido al circulo social en el que te desenvuelvas, amplia tus posibilidades de éxito.
Dear sir, I would like you to guide me towards a systematic for me to inculcate your principles as well as your equanimity and creativity and critical thinking in my life.
if you want to be an engineer, doctor, lawyer, etc... go to college. If you are there for a liberal arts degree, gender studies, etc then you'll end up working at a place where you can say "do you want fries with that"
Spent years in schools for computer engineering and electricians make way more and jobs for them keep coming. Get a TICKET. School was a waste of time.
Financially speaking, a college degree can potentially lead to better financial outcomes in life. Here’s some data we examined as we looked at the same question from a financial perspective- czcams.com/video/LOJniuzpwgE/video.html
My college 60 to 80 student but other college have average 10000 student . I don't 😭 have opportunity help me please 😭 ....I am Indian .....I didn't get good college because of my own mistake
Does world economic going for a deep recession because of first of COVID the second is Russia-Ukraine war and now there is also a thread in about China and Taiwan war
Want to be a part of your organization but on every job details the company wants people who were the best on paper. No worries it's just life and the rules regulations created by humans to analyse but this is not good.
College is great, but free or cheap online college courses are better to save money. Edx and others have accredited courses, even kids are getting degrees in top colleges now. But anyone can start their business without a degree if they have had someone teach them that skill. So no, college is not needed.
You’re a little disconnected from the reality of what’s going on in colleges and universities these days. I see students are severely in debt and five years of their lives they have fun and get super politicized and many of them suffer mental illness after the college.
It is well worth the time and effort if you can go someplace and get a real education with real connections (like Harvard, Standford, other ivies, Umich, Cal, USC, Northwestern, etc.). Those who attend those types of schools and take advantage of their peer networks are set for life. But if you are going to college to say you are going to college, then yes, it's not the best choice. There is a vast difference in quality between those top schools with advanced academic programs and everyone else. Many colleges are nothing more than degree mills with substandard programs that will not prepare you for the real world. However, there are still programs and colleges that are very much worth attending and graduating from.
All of the attempts to achieve Bitcoin failed until Bitcoin was invented. Follow the path the Empathy for Exchanging Immutable Truth. Similar but different, fundamentally. :))
This man is a gem. Thanks for sharing your wise insights with us Mr. Dalio!
Thank you, Mr. Dalio, for being here and sharing your wisdon with us!
I feel as college not only teaches us skills and knowledge, but also helps develop a systematic method for solving problems. And it's so much quicker learning from our elders than trying to re-invent the wheel.
I learned a lot at the university, but I'm not sure it was a good choice. You know, I graduated from the university with honors and I had the top grades and results. I got a Master's degree and then a PhD degree in liberal arts. I graduated in 2018. No one ever wanted to hire me since. It was crazy. I did everything I could and still every company and institution rejected me. Never told me why. No feedback. Nothing. The government doesn't care if PhD graduates end up homeless either. It was a worthless degree in terms of getting a job. Only favoritism and nepotism everywhere (including academia). So, I can guarantee you that people with much worse grades (or even without a college degree) will get way better jobs than you due favoritism and nepotism. That's how it works. I'm not from the US btw. I'm from the EU. Good luck to all!
What’s your degree and which country ?
look mate sorry to break it to you, if you wanted to go all the way from Bachelors degree to PhD without any work experience, it better be a PhD in a STEM field or at the very least something like say Economics or Finance. My suggestion to most people is after you graduate from Bachelors degree, work in a professional environment for 2-3 years before you continue your studies. That way you can build your resume first before studying for a Masters degree.
@@lettuce1305 That's not necessarily THE way to go either.
I did my master's in animation and post production right after the bachelor's and those 2 additional years allowed me to both understand things better and create a portfolio that landed me my first jobs.
That set me up for a career trajectory much steeper than colleagues who either didn't do the master's or didn't make good use of that time.
@@lettuce1305 Well, I actually DID work in my field during my studies part-time for 3 years. But I can't work there anymore. There are no open job positions. But my PhD supervisor, who is the head of this department, backstabbed me purposefully. He knew I had the best qualification for the job and he behind my back hired people with much lower qualification. Never told me a word about it. But I found out eventually. I can't talk to him anymore. I cut him off my live completely. Thanks for the advice about STEM. But I actually graduated. I can't study STEM now , there is no time and money for that.
You got a a masters and a Ph.D. in a useless field and youre surprised you cant get a job. Wow, who would have guessed.
I love this man. He is the best among the best.
Yes 👍🏾
I agree ☝🏾 with "...it depends"
I would also say this you want to go above & beyond to practice mastering 🙏 control of
your spirit self crafts finances & ownerships - with & apply
Knowledge
(how far to go.....)
Wisdom
(experience & mentorships from the "successful" to the successor
Understanding
(Maturity & Acceptance)
Within principles values percentages & prices
To add value to yourself family & community
Nothing But Respect for you Sir
I cant believe that some people call you arrogant. In my opinion you are really a humble person.
One of the greatest minds of our age, we need to learn from him more!
I simply love the way it explain the concept.
I absolutely agree with him. College is a good place for meeting new people, finding friends, relationships. If one has not decided what occupation they need for life, college may help to find it, but not always. There are things that are not taught in college, this can only be studied by experience. Of course, there are some professions, for example, doctor or lawyer, for which college is essential. If a teenager is sure that they want this career, then they should definitely go to college. However, sometimes an 18-year old is not sure what they want, and they choose the most “prestigious” degree to study for. Some change their mind after graduating, others live hating their jobs for years. And in my opinion, this is a huge issue of the society.
If you wanna make a career in serious field like medical, Lawyer, teacher, researcher, scientists etc then of course, college is important
People like yourself make the world a better place
The success behind my profit earning in bitcoin Investment is not solely on my skills but by the help of Investing with an expert.
I just make my first withdrawal today trading with expect Mr Mapat
indeed he's an expert
who's this professiosnal everyone is talking about ?
For people to talk all this good about him, he must be an expert, please how can I get in touch with him
Hello any there
There are clearly occupations that require education such as teaching or medicine. But I remember school very well and there were many kids who were already successful in life long before they entered College. Which is probably why some people succeed without a college education while others spend a lot of time studying and learning but never amount to much.
You can make a lot of money without having a college education, however, given the actual educative paths humanity has, college education is a required step for overall life success.
College education (private or public) will expand your mind, which will help you resolve problems in a much effective, and faster way than if you did not had it.
I believe college is a must, until a new and better mind expanding education growth method replaces it.
"college education is a required step for overall life success". That's objectively false. Even ONE person having success in their life without college would make that statement false. You can't just make statements like that. And one of the most experienced people (Ray) on the topic just said otherwise in the video.
@@thanos879 Yes, I must recognize that the statement as it is, is objectively false. Thanks for calling this to my attention. The statement must be rounded up indicating that college education will get you there faster, in a much more effective way, and is highly probable that will enable people to be in a better position in which they are now without college education (learning = mind expansion).
@@AlejandroTorresMarco Respect for correcting your mistake. And I have no disagreements with your new statement.
Other than food, water and air, nothing is necessary in life. But college degree is now a normal thing to have. In today's world, if you can succeed without college, you will likely already know that by the end of high school. Otherwise just go to college like everyone else and figure out what you want in life.
First, love from Portugal, keep it up, Ray, 🇵🇹🇵🇹🇵🇹🇵🇹🇵🇹
⭐⭐⭐⭐⭐
Mr. Dalio you a real one 🙏
Thank you so much making videos for 20s we love you more guidance vedios.
Moving Forward. I got you.
Most people are materialist and college is generally a bad economic investment.
This is why we have GOOD (few and far between!) Careers Guidance professionals. I know I know so many are not good and that is why like every other profession you need to shop around get a referral etc. ALSO if people recall working with your hands (trades) were frowned upon by many snobby parents time for a re think!
Thank you for your videos Mr. Dalio. I don't miss one. I wanted to ask you what you think about starting a new company in this economic climate.
Thank you, sir, thank you.
Yes college is Necessary
The college is VERY necessary!
I am a 36 year old and in the last 10 years I’ve worked in Logistics field as a Manager. I had managed goods of about $200 million.
In the last year I’ve moved from my country to Germany.
I can’t have a decent job because I do not have a college education!
They don’t call me for an interview!
So, for the youngest people…GO TO SCHOOL! Even if your parents cannot pay your school, do whatever it takes to do it on your own!
I had a lot of money during my working experience and I didn’t get to college (LATER), not because I am a fool, but because it is hard to do it at 30 years (you have a family, a way of life, a job, hobbies etc.)
Not each one can be a millionaire without education!
His point is there are different ways to become educated and make a living. Formal education only sometimes teaches one what one needs to know to strike out on their own. But, yes, if you want to work for large corporations, having a bachelor's degree is a requirement. However, in the US, many millionaires have very little formal education beyond 10th grade. Think tradespeople, landscapers, handymen, etc. You can make a lot of money in those fields, and the barrier to entry is cheap. You just have to have the skills.
Here’s the trend: Delta Airlines removed the requirement of a Bachelor’s degree to be a pilot in February.
Excellent, what does a college education have to do with flying an airplane? I think you need flight hours (experience) and license to do that.
You good damn right Sir !!!
The debt you can incur can be crippling. Especially if you don't even work in the field you go to school for. If you are going to go to school, be damn sure you will want to pursue a career in that field after you finish.
Many people are scared of college debt given all the horror stories. Nothing ventured, nothing gained.
Thanks ..my Mentor!
👏👏👏
I think the best investment at this moment is before college. Invest in better education to the childrens. My opinion is, we need to bring to the public education clases like Moral, values, ethics, finances, Economy, equal opportunities or diversity, and all science like Robotics, AI ect. Best investments for our future as a nation or personal goal. Think 🤔 As a parent or investors…Are we investing in things that make us productive and or competitive for our kids or as a country for a better future?
#1 Don’t forget the things you learned in kindergarten and first grade #2 try to find your passion (mine was mechanical systems).#3 try to associate with people that hold your same interest (fortunately for me I had an uncle who was a tool and die maker, cousins and brothers who all held the same mechanical interest .We all spent a lot of time in that uncle’s garage,who would have us convert fractions into decimals before we could walk through the door). #4 after High School try to follow a path that will enhance your passion and give you the knowledge to pursue it (for me that was a small technical college in mid Missouri for my brothers and cousins it was the University of Missouri where three of them became mechanical engineers and one a business major . Mine was a two year associates degree in air conditioning,refrigeration and heating).#5 find that job where you can prove your knowledge, enthusiasm to learn, work ethic and all those things you learned in kindergarten. (For me that was the gas utility in St. Louis, Missouri where I spent 35 years in the Service department , doing work I truly enjoyed , sometimes 60 hours a week)#6 start saving and investing as soon as possible, Learning from people like Ray Dalio, Peter Lynch, Warren Buffett and quality people like this. It’s your money , you absolutely have to take an interest and hopefully a passion on how it’s invested.#7 help others pursue their passions, set positive examples ,share your knowledge with others and become a quality citizen. #8 in retirement, hopefully you have the money you need and the Health to pursue passions and hobbies. And again don’t forget those things we learned in kindergarten.
Stay safe out there,Regards from the Saint Louis Metropolitan area and go Cardinals.
Thank you, just yesterday I was thinking about pursuing, or not a degree, and also ask myself, who is a reliable person to ask for a piece of advice? and I thought .... maybe Ray Dalio, but I thought, he's too busy to answer my questions. how biased a mortal can be....
I am a big fan of urs sir..
best answer
If you can get to top college and your parents able to pay for it, go for it.
If you are really smart, got to ivy leage college but your parents can't afford, try to get scholarship. If you can get it, go for it.
Otherwise, consider to explore your own path.
Great Man
How should one deal with cynical friends? I love my friends but they shoot down every dream or opportunity that crosses their mind (or our conversations) ... Also what are some books your recommend?
Just try to help them one time , If they don't change by themselves , you just can't do anything to help them , you can take the horse to the water , but you can't make him drink .
If your dream can be shot down…you either don’t want it bad enough or you’re not sure about what you want. I’m usually the type that is always looking at the negatives and the risks…don’t listen to people like me ;). It’s not bad to be risk-averse and you might want some of that in your life but you don’t have to listen.
Choose Yourself! Be Happy, Make Millions, Live the Dream by James Altucher, and also many Brian Tracy books like No excuses or the power of self confidence.
You must find new friends. Before you do that you will need to find yourself first. Read Think and Grow Rich.
Gracias Sr. Dalio, pero difiero un poco, considero que si es una prioridad empezar por la educación, para qué andar dando tumbos experimentando y equivocándose? Para llegar a la conclusión de lo que pudiste haber aprendido en la universidad. (No es opcional, es lo ideal; primero las bases, las premisas de la educación)
Saludos!
Unido al circulo social en el que te desenvuelvas, amplia tus posibilidades de éxito.
Dear sir, I would like you to guide me towards a systematic for me to inculcate your principles as well as your equanimity and creativity and critical thinking in my life.
Sir investing take lot of time to build a good size account so what you suggest to young people who just started with small capital .
My way.
if you want to be an engineer, doctor, lawyer, etc... go to college. If you are there for a liberal arts degree, gender studies, etc then you'll end up working at a place where you can say "do you want fries with that"
Spent years in schools for computer engineering and electricians make way more and jobs for them keep coming. Get a TICKET. School was a waste of time.
😊
Financially speaking, a college degree can potentially lead to better financial outcomes in life. Here’s some data we examined as we looked at the same question from a financial perspective-
czcams.com/video/LOJniuzpwgE/video.html
My college 60 to 80 student but other college have average 10000 student . I don't 😭 have opportunity help me please 😭 ....I am Indian .....I didn't get good college because of my own mistake
But what if I get stuck in the middle of both sides 😭🙉
And if it turns out you don’t want to go to college, then don’t. That is valid as well.
Can I adopt Ray as my uncle, please? 💕
Life is a mistry, ...
.
Does world economic going for a deep recession because of first of COVID the second is Russia-Ukraine war and now there is also a thread in about China and Taiwan war
😍
Want to be a part of your organization but on every job details the company wants people who were the best on paper. No worries it's just life and the rules regulations created by humans to analyse but this is not good.
Nothing wrong with community college!
If you want to be a corporate stooge your entire life then college is absolutely necessary.
College is great, but free or cheap online college courses are better to save money. Edx and others have accredited courses, even kids are getting degrees in top colleges now. But anyone can start their business without a degree if they have had someone teach them that skill. So no, college is not needed.
Hustlers university ONLY
Teach me sir
You’re a little disconnected from the reality of what’s going on in colleges and universities these days. I see students are severely in debt and five years of their lives they have fun and get super politicized and many of them suffer mental illness after the college.
It is well worth the time and effort if you can go someplace and get a real education with real connections (like Harvard, Standford, other ivies, Umich, Cal, USC, Northwestern, etc.). Those who attend those types of schools and take advantage of their peer networks are set for life. But if you are going to college to say you are going to college, then yes, it's not the best choice. There is a vast difference in quality between those top schools with advanced academic programs and everyone else. Many colleges are nothing more than degree mills with substandard programs that will not prepare you for the real world. However, there are still programs and colleges that are very much worth attending and graduating from.
All of the attempts to achieve Bitcoin failed until Bitcoin was invented. Follow the path the Empathy for Exchanging Immutable Truth.
Similar but different, fundamentally.
:))
Español please
Mr Beast says no.
First comment bruh
Sorry
Why being diplomatic? Say offcourse it is needed.
How much $BTC are you trying to unload? CC: Rebecca Patterson