My Husband Thinks College Is A Waste of Money!
ฝัง
- เผยแพร่เมื่อ 4 ก.ค. 2022
- 💵 Create Your Free Budget! Sign up for EveryDollar ⮕ ter.li/6h2c45
📱Download the Ramsey Network App ⮕ ter.li/ajeshj
🛒 Visit The Ramsey Store ⮕ ter.li/7vyom2
📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ ter.li/2u3mc0
💰 George Kamel ⮕ ter.li/1elws8
💡 The Rachel Cruze Show ⮕ ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ ter.li/1rbjr2
📈 EntreLeadership ⮕ ter.li/ktxv2k
Ramsey Solutions Privacy Policy
www.ramseysolutions.com/compa...
My son who is a teacher encourages his students to think about being an electrician or plumber.
Significantly more earning potential in those fields (in addition to less opportunity cost and investment) than your average BA grad from a standard school.
Too much liability. Zaps and floods are not fun. Not for me.
I personally think it’s a little mixed up in translation.
School is not supposed to teach you the most efficient ways to MAKE MONEY.
It’s to give them the tools to do what they WANT to do. And unfortunately, a lot of people simply can’t pick one.
he must not think much of them
Why, how about encouraging them to run their own plumbing company not be the plumber day laboring for the rest of their life 😂
Not going to lie… As someone with a 4 year degree. I’m more on board with the husband’s perspective here.
I have an MBA and I'm on board with the husband.
Well then you must hate your job or not have one because you majored in something useless to society.
I have an MPA and agree with hubby as well
Not a clear yes or no. Worth it for some, just crippling college debt is to be avoided.
Some degrees are worthless.
Depends on the degree. Not all degrees are equal even if they cost the same to get.
No need, as students can pay for college through ROTC.
As a welder college is not a waste of time. Surgeons, doctors, lawyers, accountants just a few examples of the many good degrees out there
80% of degrees are useless
Those where bad examples. 90% of people who go to college don’t go to become doctors or surgeons. And accountants dont make very good money plus you don’t even need to go to college to be an accountant
@@ykciR I think you are confusing bookkeepers with accountants. Starting salary at public accounting firms is 70k now, right out of school.
@@ykciR people who get their CPA and do personal accounting do make really good money. Most can live off of just tax season. And it is a good example because those are some of the very limited degrees that are actually worth going to college for.
@@connorc.736 70k is not good. Plus the money you need to pay for school…
He's not completely wrong, you must take worthless electives, you must take classes not relevant to your desired profession, and it costs so much to say you learned something for a test and basic skills for entry level jobs.
He's not completely right, either. That's the problem. He thinks it's all or nothing. College is right for some people and not for others. Many people have gone in debt to get useless degrees and that absolutely needs to stop. But the doesn't mean EVERYONE should skip college.
@@mysticaltyger2009 When I was in high school back in the 80s it was strongly implied by our teachers and counselor that anyone who wanted to be successful HAD to go to college. I think we might have been sold a bill of goods.
Entry level jobs require work experience nowadays
@@monnikhan1000 So, where does someone GET work experience OTHER than at an entry level job? That's the DEFINITION of "entry level"!
@@mysticaltyger2009 he’s 100% right that he doesn’t want to pay for their education, and that’s irrefutable.
Short of STEM and professional degrees, yes college is a massive waste of time and money. Most BAs are worth about as much as used toilet paper. But the used toilet paper doesn't come with debt.
Any college degree that costs you more than one year of your salary upon graduation, was a waste of money.
Get any degree you want just go to an in state school. I just graduated with my finance degree and only paid $6k a year cause I stayed in state here in California.
Not to mention no fortune 500 company will even look at your resume if you dont have a college degree. Its dumb but thats the way it is
I’m not helping with my kids’ college unless they go to an in-state school for engineering, medicine, accounting, or finance. Other than that I will help them try to find scholarships to pay for another type of degree, or will help them with technical school.
Wow, I sure have a lot of twenty something’s on my team making $150k+ with undergrad degrees in non-stem.
Agree, generally, STEM is the best way to go in you’re attending college.
College is a investment. Select a degree that proves a return on the investment.
Doctors, lawyers, engineers. Architecture and nursing require advanced knowledge and foundational skills. Especially specialization in these fields require additional studies. ♥
Yeah, but you need to have the aptitude before going into these professions.
Not everyone wants to go into those fields. I would venture to say that college is unnecessary for the majority of people. As Dave has says himself, so much free information to get certifications and such is now available on line or in boot camps, etc.
Dime diamond, college might be a good investment; if the college degree has greater vslue; than the lost opportunity cost of going to school. Most college degrees are useless.
Yes, all of those professions require at least one college degree. Even if the earning potential isn’t as high for a different type of profession which requires college, don’t pay top dollar for it, manage your money well and make wise life decisions. Like Dave said, there’s plenty of teachers who’ve become millionaires.
* an investment* not a investment .
Let the children make their own career decisions, it’s their life. All you can do as a parent is your best to teach them work ethic and financial discipline. BUT the husband is correct that college degrees DO NOT equal financial success.
A lot of people called me a dumb truck driver a few years ago. Those same people who sat at home. With no jobs... But they got a degree. Plus the student loan debt is a horrible financial choice.
@@I_like_turtles_67 It depends on what the kid wants to study. Plus, it depends on the kinds of jobs available in a particular area and who is doing the hiring. Truck drivers have always made decent money. It's just that a lot of people may not wanna do it.
@Summit313 If you have kids, you should save up some kind of money to help them get started in life (for school, to start a business and such). You're also supposed to guide them, so they are aware of potential possibilities and stuff. They will eventually find their thing. I went to school wit a lot of kids who came from money. They've all become successful -- like generations before them.
It's not that he's completely wrong. But he's not completely right, either. The problem is his all-or-nothing thinking.
@@I_like_turtles_67 Many truck drivers make a lot more money than some of these college degrees would make them. Plus, a truck driver doesn't end up with 50k of student loans before getting a job.
Depends on the degree.
It also depends on the kid.
Thank you. It really annoys me how ppl in these comments have zero sense of nuance
@@charisginn6932 In the nuance is where almost all the living is done, yet it's where very little of the thinking is done nowadays. It's no surprise that we're struggling as a society so much.
College or no college is such a tricky situation. There are only a few degrees that actually give you a good ROI such as engineers, doctors/healthcare, IT and accounting/finance.
However, trades aren’t easy either. Everyone makes them sound easy to do, but they’re not. One mistake and you lose a customer and/or costs in materials. Also in trades, it’s tough to afford insurance if it’s your own business. Making a living is so complex anymore. And businesses have made obtaining decent paying positions a pain due to their required credentials and experience.
First time i disagree with Dave. I have five Kids all except one are college grads. The one doing the best is the one with no college and is self taught in computer programming and management.
I had rules the most I would pay is instate tuition whether they went in state or not. If they got a scholarship and turns it down, they became responsible for their total tuition wherever they went. On did hand had to pay all of their in-state tuition.
but computer programming is a bit like "college" tho. so your admitting that a degree in computer programming is useful. some ppl have the discipline and are smart enough to teach themselves but others need college to help them out. there is a lot of reading and trial and error required to learn programming. your learning from scratch a brand new language essentially. and that is exactly what daves whole point is that for 98% of ppl, you need some type of post high school education or learning. if he didnt spend his free time learning programming, i doubt he would have been successful right?
But not everyone has the aptitude to teach themselves computer programming. Most of us don't. So you can't overgeneralize.
That's a one in a million chance.
How did that person teach themselves computer programming. Did they just plop themselves in front of the screen and C++ just came to them. They must have read something, and done some online related stuff to learn. You do not just learn software engineering by watching Ramsey podcasts and doing Instagram.
@@mysticaltyger2009 Most of us don't? Clearly you are speaking for yourself.
How about asking the child which way THEY want to go?
Good point. Nobody seems to have mentioned what the child wants to do, which seems to be the most important factor
My wife earned an MSN degree, and I'm HS only and own a small construction company. We have four kids. The two oldest footed their own college bill and worked through school. Neither needed educational loans. I was shocked at how little time was needed to invest in classes to maintain a full-time student status. The amount of hours that were left over for work easily paid for the education. Parents, make your own decision, but don't feel guilty for expecting young adults to pay for post HS education, and don't let anyone tell you you're "wrong" to think that way.
You are cheap and wrong.
They footed the bill at what school? College is expensive. I agree with Dave. Not having savings for your children to gain opportunities is not good.
Your kids also probably majored in basket weaving. Don’t feel bad when you are placed in a nursing home.
I believe in education, however, college is dying, and more expensive and in 15, 20 years I believe is going to be different.. That's the reason I'm founding a UGMA account that way my daughter can use it for college or a business, traveling, or whatever, sounds like a risk but my goal is to raise her responsible enough with money.
So you will pay for travel so she can find herself? 😂😂😂😂
“He’s wrong. I have anecdotal evidence to prove it. And I know a lot of celebrities and wrote some books.”
he is wrong tho. majority of college degrees are quite useful especially in stem, law, economics, accounting, finance, etc. which is like a million different subjects lol
@@maximustrolleus9860 you're wrong most degrees are useless except for stem and a few others
@@jd3thegreattm380 i can make a laundry list of all the good degrees. but i feel like its a semantics argument. it also depends on what you consider to be a degree cuz stem is like a million different degrees. do you consider chemical engineering and geological engineering and genetic engineering to be separate degrees?
@@maximustrolleus9860 those are stem degrees can you name many that aren't science, tech, engineering, or math. And idk if nursing and healthcare technically fall under science but they for sure do to me.
@@jd3thegreattm380 are you able to see my response? i put a link and sometimes they get deleted
My parents had some dirt poor patches while I grew up. What my dad did was is he took half of my check each payday for four years while I was still in school and he put it into an ETF Fund. I worked for my college savings and I'd do it for my kids one day as well
There is more to college than recouping your money. I enjoyed my college years and was glad I attended. It also was really easier for me to move from job to job, compare to my coworkers who only had a HS diploma.
No one said you have to pay for all on your kids college. A split of 90/10 or 80/20 where the students has to work some has worked for many parents. Scholarships are out there, working during the summers, shows students that college is not just for more years of fun but a way to their future.
What a crock. You sound like you're feeling inferior.
With the insane job requirements these days and lack of training programs, yes it is a waste of money.
Unless you're going to be a doctor or lawyer, it's a waste of money!!
Not if college is paid for by ROTC scholarships.
My husband has the same view as this father and I have the view of Dave here. Even though our kids were grown before we met, we have a hard time on this topic because of his belief that college is a waste of time. I think it is something created by people who really don't want to feel guilty about not contributing to their kid's education. For myself a college degree led to 30 years of a nursing career which I was so thankful for. My father or mother didn't pay for it but when my kids were little I made it a point to teach them that college was expected and reasons why. I contributed a third of the money, they had a third from scholarships and they paid for the other third working. It gave them buy in, but still helping them at the same time. I never regretted doing that and my children now have beautiful, successful careers and are happy.
In my opinion, have someone go to work for a few years. No shame in taking a break and just working to save some money and getting yourself established and see how the real world works. Some of my friends did that and they're pretty successful now.
I have a STEM university degree in software engineering. University seems like a waste of time for a lot of degrees, particularly humanities and soft sciences. Even stuff like Computer Science/Software Engineering can be better learned for free or almost free on the internet. For any degree worth anything it will pay for itself, so it doesn't seem to be anything worth feeling guilty about.
@@SpeedfreakUK That's true I agree you should go somewhere that is affordable. But then again, when you're 18 you're not making the wisest decisions. I know I wasn't and was just told to go to college, get a degree, and find a job lol.
Your Husband is right. Listen to him. All the women agree with Dave. Go figure.
That’s great, but your personal experiences are irrelevant to other people.
He doesn’t “think” … college IS a HUGE waste of money.
It really depends on the situation. I recommend kids at 18 just going to work and seeing how the real world works. You're not going to make a lot of money starting out but over time if you build a reputation and skillset you can make a decent wage. You just have to start from scratch. Some people just want degrees for prestige and because they want to impress their parents. When I have kids I'm going to tell them that I don't care what you do as long as you find something you're passionate about and make a decent living. If you like working at retail, then so be it and try and work your way into the corporate retail environment. They make their own decisions at that age and need to learn how to survive.
This is really an asinine comment
@@tonypreston7278 How is it asinine? You really need to mature first and see how things work before going to college. Not every is mature enough to take on the financial responsibility and don't know how things work.
The successful career I’ve built is based on my college education, so I strongly disagree with you
It’s a waste of time if you go into an profession that doesn’t require a degree. It’s 100% necessary if you go into a field that does require one.
I just graduated for free from a state university with a dual masters, because I am a war veteran and my state pays for veterans. I understand that I am in a very rare position and I worked hard to graduate - always try to find any way to get an education because it's something that you always have.
About 60% of college graduates did not need to go to college. Yes trades are an option, but not everyone wants a trade, some want "professional" degrees, be it STEM, medical, law, many areas of business, they all need that education. I personally am not saving for my child's education. I am saving for his future, in a way that doesn't require him to use it for education, but he can, instead, use it in a way to further his adult life and give him a head start in life. It prevents him from needing to be forced into doing something he hates just for the money
The husband is right on this one. Most degrees are worthless. A degree doesn’t guarantee success in the real world.
I agree as well I have three sons and two of them are paying back student loans now..I made it clear that I would not be paying for any of these student loans because I want to retire on time so I'm saving for my retirement... they have the rest of their lives payback student loans...lol
@@haywoodcunningham7116 I'd be ashamed if I wasn't able to help my children through college. You'd be setting them up for life if they wouldn't have to go into debt.
@@ZigZagPower yeah… my situation is different from yours I’m sure… No Shame tho…
I agree with you that the husband was right about not wanting to pay. I deviate from you because technical training is no guarantee, either.
@@ZigZagPower be ashamed all you want, only you care.
Unfortunately my father is on that same boat "I did it on my own so can you".But he was given 200k when he turn 18, not sure where where the " I did it in my own" came from....
I wish I had rich parents, I got nothing and wished I could of gone but I had to work full time since 17
Losers who blame others for their troubles get nothing even with rich parents.
It's waste i regret it
Depends on the individual. For me it was a waste of time. I'm not intellectually inclined at all. Should a been a tradesman
It was worth it for me, and I worked through college as a boilermaker. I used a trade to pay for my accounting degree. And looking back several years now it was a great investment for me. But everyone is different, I went back and got my masters degree too, mostly on my company's dime.
Clearly education did not teach you how to write correctly ! 😂
@@brianmeegan6384 Cheap shot. 😐
Don't all Dave's kids work for him.
I see this quite often. Parents spend a lot of money on their child collage education. The child comes home and works for the parent in their business.
That collage money would have been better spent as the child’s inheritance or as a nice chunk gifted towards the child’s first house.
Yup. His privilege allows him to indulge in stupid beliefs and blinds him to the facts.
So much for the Love of Learning, eh Dave?
Success is living on your own terms.
The best thing you can invest into your kid as a dad is your time and wisdom.
Your husband is right!
My parents offered to help with college, but I refused to accept it and worked through college and paid for it myself without student loans(STEM degree)… I save for my kids, but they can use that money when they need it, either for college, weddings, buying a house, or starting a business… will be up to them what the best use of that money is.
Dave should sit through some classes these days. They’re a joke.
Like to see Dave handle 90 minutes of "woke"
Dave Ramsey i love you man!!! You keep it real!!
That’s insulting. I have a degree in left handed puppetry and it will make me famous one day.
Yes puppetry is a serious career
Does your Right hand get jealous?
I manage a retail department store and I have so many people with English and Psychology degrees working for me. If you don’t know what you want to do get a business degree. It’s what I did and I make well over six figures now. Business is broad.
The reason she called is to get Dave on her side. Now she has a weapon for an argument. Dave said you're full of crap! Without asking what your financial circumstances are and contradicting the purpose of his program which is to avoid debt. Retirement?
Your husband is correct. I haven't watched the video yet.
Great topic!! Yes! Allocating some funds for college fund!! Money for Certification or College Course are a must in 2022. Thanks, Ramsey Team
This may sound totally sexist and I don't mean it to because women can do it, but generally don't.. College is more important for girls to go to. A guy has a much higher likelihood of becoming a plumber welder etc and make good money with no degree. Those types of jobs just don't appeal to women. The women that don't go to college are not paid as well generally because the fields that are more girl filled (thinking child care receptionist etc) aren't good paying jobs.. so I'm probably going to push college more for my two girls than my sons.
Plus women actually care what society thinks of them so doubt they will go against the grain
The state college nowadays causes women to become debt burdens to their future potential husbands. Nursing and culinary are also trades that help women
Well that is sexist and short sighted. Right now if you don't go into stem college is more a burden and waste of time. Add that many stem fields are moving away from college because of heavy idolgy on many campuses. This might all change in the next decade but for right now no college hurts more than helps.
@@hitandruncommentor I don't know anything about that field. But generally speaking, I think it's easier for a man to make 25+ an hour with no degree than it is for a woman. Thats why I think college is better for a woman than a man. Women typically don't get into trades, and that's where a lot of the money is with no degree.
I'm a trucker with no degree I make a good living
Doesn't Dave kids work for him? You don't need a degree if your dad is worth 300 million come on Dave
Yup and the one he gave a radio show and book deal, Rachel Cruz, has a useless degree in Communications.
Finally someone said it. I’ve been waiting for this comment.
There is a big difference between being schooled vs being educated.
The point is not the value of a dollar. The point is college is a waste of money.
My parents didn’t pay for my college even though they had money to do so. It’s not something that bothers me. Would it have been convenient? Of course, but they led me down a good path. I would say that if your parents are paying for your school you might take it for granted or want to go to an expensive school because it’s not your money. My parents did give me a place to stay, while I worked and went to school. My opinion is that to each it’s own. As long as you raise your children well things will work out just fine
100% AGREE! If parents are paying for something, you will take it for granted because it's not your money. I was the EXACT same way.
Nope my parents paid for my college and masters. I’m very grateful and I help them a lot financially now
@@shachede6828Were you not working? Adult children need to grow up and learn responsibility. Contributing to the funding is reasonable, but paying for a Master's in its entirity ia a bit absurd.
@sanabria04 absurd for someone who doesn't come from money I guess. It is hard to relate to the realities of the 1%
Most degrees are a waste of money unless it’s STEM.
Even stem might be too. There’s a lot of engineers on the street homeless now.
@@richrancy possibly, but you can’t go into stem without an advanced degree. At least with almost everything else there is a path without a degree.
I would be hesitant to lock my money away for the exclusive use of paying for an institution that will absolutely have less value in 18 years.
Here’s the thing. If you do save that money for college and they end up in trades or start a small business, then it would be a good thing to have 100 or 200K regardless
Right?! I agree with the dad that college isn’t necessary for everyone. (Although it is necessary for some fields, and his son my change his mind about what he wants to do.) But why on earth would you not just go ahead and set aside money for education?? When the time comes, you can use it for college or trade school or a business kickstarter fund, or if not it’ll just become extra retirement
Unless you’re gonna be a doctor, surgeon, business owner, lawyer, dentist or chiropractor, college is a waste. A very high percentage of kids don’t even use their degree but have all that debt at the same time.
you forgot engineer..
There’s a lot more professions you missed lol 😂 I’m an engineer and there’s no way I would’ve done anything other than that
@@JR-wu8gf ya bro engineers rule😎😎
@@JR-wu8gf well yes there are but y’all get what I’m saying. Etc
It’s not a waste if the majority of good paying jobs require you to have one.
I think if college is required to reach your goal then it’s worth it. Do not go to college without a career goal
What I would ask Dave Ramsey is what is someone supposed to do with an ESA if a kid chooses another career path other than college? By law, ESAs can only be used for college expenses. Are the parents supposed to get Master's degrees to spend the money?
My kids are CPA’s so college is not worthless.
Work a union blue collar job, finishing my bachelor's in Technical and Applied Sciences (research, Computer Science, Marketing) at the end of June 2024. Other than a bit of Pell Grant and scholarship $$$, I paid for this myself. I'm 48 years, and proudly state that this was earned while working in the real world that college grads are accused of lacking.
There is a middle path between a) paying for unlimited college no questions asked and b) providing kids no financial support at all after 18. Also, kids' interests, abilities and talents need to be considered.
College was great for my kids. We paid for most and my kids borrowed very little - just a few thousand. They are both benefitting from that.
These days, he is correct
I was just about to say that
Third on that
If you’re not majoring in business or stem related, then getting a good job after college is really difficult.
Is he is selfish and dont care about kids future. Then yes
@@akawiangel business is worthless. You’re “learning” business from academics who never left school and certainly never actually ran a business…
Your husband is correct. Have them get scholarships, if they are not smart enough to get some they not smart to go to college.
I side with the husband
@@P.90.603 If they are not smart academically they won't do well in college and which means the degree won't help. The people you speak of are better in trades.
@@gloryfire1098 Financial stress led to my not having a good experience in college or grad school. I did my schoolwork, was scared and worried all the time, and had zero money to go anywhere and have fun. As a result, I did not make the influential friends and contacts said to be the real benefit of being in the university environment.
@@P.90.603 So if your kids flunk in college then they will be better at getting a job then?
College can be a waste of money. I know people who spent 10s of thousands of dollars and they dont have a job in the field that they took.
well he's not wrong
These days I think the best thing I can do for my kids is be very well-funded for retirement instead of being focused on a college fund. There are lots of ways to get an education. There are not a lot of ways to be ready if you are suddenly sick or disabled before a normal retirement age. I do not want to struggle financially in retirement or during an illness while a big chunk of money is sitting in a college fund. That puts a hardship on an entire family in ways that merely not having a college fund will not. I did not have a college fund. I worked two jobs while going to school full time. As a millennial, those two jobs were not enough and I still struggled financially and went into debt. But it is better to struggle when you are young than to run out of money when you are older.
I actually do want to help my kids with school as much as possible. But I know they need financially stable parents and that needs to come first if we are going to be in a position to help as much as possible. I’m the interest of putting on my own oxygen mask before putting on someone else’s, I truly feel the best gift to my children will be to have parents that are stable enough to offer money on an as-needed basis, rather than parents that hand them a large fund at 18 that could end up blown on unnecessary classes at an overpriced party college. If I have the money and I help as needed I also get to set parameters, such as cutting the funding if a child makes dangerous decisions and starts getting out of control in college.
In the meantime, I am researching all the options for universities that provide a good value as well as companies that offer tuition reimbursement. I want to give my children the best advice possible when they are ready for college or the trades. Having graduated during the recession, I know in the real world companies are more interested in your work history than wherever you got your degree. The president of the first company I worked for told me I made it to the top of the stack of applications because they saw I worked two jobs while going to school full time. That hard work paid off in a recession where hundreds of applicants were vying for a handful of spots.
Just don't pay to get your kid a basket weaving degree like most people do.
Tuba degree!
Art degree
The husband is right
College degrees are absloutely worth it with proper planning. I got the dreaded "degree in psychology" that is "useless" according to internet wisdom, and yet I walked into a decent middle-class job with a BSc. In Psychology the day I graduated. How? Planning.
Make the kids plan it out, if need be make them wait a couple years so they can learn about what they could go for in a college education that would be pragmatic, useful, and (importantly!) lead to stable employment.
What is the job you got ?
@@BRIANDER100 Clinical Counselor, certifications for my state paid for by the agency I was hired by, full time, full benefits including a state-funded pension plan.
100% Agree
True. One of my cousins is a guidance counselor from a psych degree and I knew someone that wanted to be a physical therapist and she achieved it through school.
Mental health is such an important field that’s increasing in demand. I’m a social worker with a strong income. I work at a community college, full benefits as well, and the county pays for my retirement. I also work as a therapist part time. Therapists in my area make anywhere between $40-$100/hour. So much for the “poor social worker.”
I too think college is a waste. These days you don’t get offered much for entry level jobs even with a degree. I would rather be gifted a 45k house than a 45k education that pays me less then a factory worker
That’s beautiful Dave! You are a great guy! 💫
In my experience, jobs ABSOLUTELY value job experience over college degrees. When I was starting my career, every single job cared more about my work experience, and didn’t even ask about my degree or the years I spent in college. I wish I had been working that whole time.
It depends on the kind of jobs you’re looking for. There are many that require college degrees, Regardless of experience.
This is the only subject I know of where Dave struggles to come up with a clear, concise answer. His and John's "answer" here is basically word salad, a grab bag of anecdotes and slogans that includes some useful insights but nothing like the simple programs he offers in other areas.
Because college was a profitable venture once upon a time and now it's a woke indoctrination facility in most places. He needs to update his advice on this one.
I won’t say he’s wrong BUT my husband and I went to a state school with scholarships and then grad school that pays a stipend and pays your tuition. I now have my PhD (later than I would’ve liked) and am now learning about financial freedom. But we are ahead of the curve by having zero college debt.
I got a bachelors in construction management. Only reason I went to college was due to my father's inheritance of GI Bill benefits so I only paid 5k the whole 4 years. Without that, I wouldn't even look at a college application. If your in a position like this tho, please take it! A lot of people would kill for the opportunity
I wouldn't use Dave's language, but he is 100% right that it's going to be hard for a kid to learn the value of a dollar if he never has a dollar.
I really wish George and Rachel would have taken this call.
I wish Dave would post more real estate videos. Buy Now! So funny, I love those.
529 money can be used for trade school. It can also be converted into a Roth IRA if they don’t use it.
His father is saying that because he can’t afford it lol
you don't know tha lol
Why not encourage him to set aside a certain amount of money that is their "get life started" gift, to be used as they see fit (with whatever limitations you see fit) for a house down payment, college, trade school, small biz kickstarter, whatever. It leaves their options open and doesn't make college a sacred cow. Couple it, if you are willing, with an offer to live at home for low/no rent for their first working year or so to save a nest egg of their own and they will start out life on a truly good footing whatever they choose.
Th problem is many teenagers don’t ask right questions. Schools are horrible in teaching practicality. They tell us what to think not how to think. Huge difference. And then you realize people end up in careers they never wanted.
lol dave "I paid for my kids college" yea your rich lol lol
Husband is right, go get them loans and let them compound you into debt 🤣
The short answer is... it depends. College is an investment and you get out what you put in. I use what I learned in college daily, and it has taken me on a unlikely and highly improbable life path. I've also learned a lot about the construction trades...which has also proven very useful.
The issue he didn’t address is many departments in colleges have abandoned truth as a concept.
Fascinating comment, my friend Bill. Which college departments have abandoned truth as a concept?
@@DrSchor Men can have babies and gender doesnt exist is taught at most colleges now
I have one going to a four year university and after that medical school…. I sure hope the other four choose a trade or to work for us. College is insanely expensive!
I have a 13 year old son and I am not paying for college, after getting a trade and making a good amount of money then he can pay for college. I will help with some community college but I am not helping pay for a 4 year party school.
i wouldn't want my kids to have to come up with money for something I knew about since they were born, but I also know it's possible I could save all this money and they might not need all of it, which is rare of course or else everyone would be able to afford college, but the benefit is, if they do not finish college for some reason, you didn't take out loans you have to pay back for a degree that won't be used, or if they get the degree and they do something else, they will still be able to find work that isn't minimum wage with their degree if whatever else they did doesn't work out. the point is you shouldn't want your kids to scramble if they don't have to. there is no guarantee they will figure out how to sort through a situation, but you can guarantee you were not part of the problem and you gave them the tools to prepare them for common issues of daily life like having food to eat and means to get somewhere to find help. even if you teach them how to cook and buy a car in your name and let them drive it, that's still helping your child, but you don't leave them clueless to figure out the world when no one has, even with the experience of education, or else we'd agree on certain things in this country. the world is imperfect, it's not their own doing that made them need our help. if you don't want to help then why have a child
“If you don’t want to help why have kids”.
I get what you’re saying in that you shouldn’t just spring it on your kids at the eleventh hour that they are on their own, having provided no guidance along the way. However, there are many ways to help your child besides providing financial assistance.
You can not pay for their college but help them by:
Letting them know from the get go how much financial help you will provide, and what conditions that help is tied to
Teach them how to save money
Teach them a work ethic
Teach them about useful versus useless career and educational decisions
Teach them how to apply for scholarships
Teach them that they are not entitled to the fruits of anyone else’s labor
I feel that these are valuable life lessons, and there are those of us that believe such lessons are more than enough help- and that having kids is about producing people who will have character and work hard to make the world a better place.
@@montymython754 economic assistance is a must. don't think about cost of education now, think about what it will be in 15 to 20 years. will it be current prices? i don't think so. setting aside 10k now for a growth fund, would be worth 40k, or 50k then without trickling in more into the account.
@@commonsense-og1gz I didn’t say that I’m not setting aside any money. Just that my kids aren’t going to automatically get access to it, and I don’t think they are entitled to it. I also don’t think that we all need to throw our hands up in the air and prepare to bend over for whatever college is going to cost 15-20 years from now, as you say. If it becomes 100k a year to attend a public school, then I’m likely not going to pay for that unless my kid is going for something that will demonstrably bring in at least that much in the year’s salary- AND if they have demonstrated the money skills for me to feel like such a degree will make their life much better than it otherwise could have been.
But most degrees are not so useful, and I’d rather spend my energy teaching my kids how to make smarter choices instead of surrendering to Big Uni
You gave them the tools by raising them properly. Paying for their college has nothing to do with that.
@@spankynater4242 all of the tutorials in the world won't give them the money to move out, and move into a house in 10 years. if they have to pay for college, then just spend that money on a house.
College is a waste of money.
Totally on board with the husband’s perspective. Perhaps it should be the last baby step once the house is paid off. I’m surprised no one mentioned that you can join the military part time and get your schooling paid for. There’s this thing called the G.I Bill 🤷🏻♂️
I’m a tradesman myself and I got no college degree and I make more money than my friends and family who have masters degree.
Apparantly, Dave knows how to raise other people’s children and knows how other men’s children will react towards money.
what he says applies to all kids and all people everywhere. Some people do not need college, money does not make you no appreciate money, your raising does.
@@paulinoaz Wrong. It could be that the kids of this woman calling have been absolutely irresponsible with money and simply do not appreciate anything their dad has done. Dave, nor anyone, knows how other children will react towards free money. Also.. it could be they want garbage degrees that will just make them “woke”.
@@mambofuego5101 Way to miss the point. Just like you said NOBODY has any idea about those particular kids, what Dave says is general advice for anyone or anyone's kids.
Education is important, that’s fact
@@tonypreston7278 “Formal” college “education” mostly hinders success. Success education DOES NOT come from universities…Mostly wholeness comes from there.
Unless you're going to be a doctor or a lawyer or something like that then college is indeed a waste of money
Engineering as well.
There are plenty of STEM field choices that will result in very good paying jobs. In the US as a nation we are short people in these fields.
I went to law school and it's a dying profession as well. If you're really good and can handle the stress of big law, then it can be lucrative. But it really depends.
I said the same exact thing! Ditto!
Glad you’ve decided we don’t need teachers anymore.
I agree with you Dave but as you heard that woman correct herself. Her child. When I heard that there is an issue in that home. I disagree with the beating you gave that man without hearing his side.
Find a company that will pay for college classes while you work,
I'm with the husband.
I actually completely agree with the dad
Easy, save the money for further education and either predetermine what is acceptable or set a rule which can be evaluated against in the future for what is acceptable then. So for instance, X percentage of the previous years graduates with Y degree must be employed with-in their field post graduation for the money to be used in acquiring Y degree.
Anything in the hard sciences, math or medical fields is worth going to college but just about everything else will land you a solid position at your local restaurant.
When we tell people we are paying off our kids college loans many will argue that we should not.
I think sometimes it is because they cannot do it and are justifying their decision.
Why would anyone feel the need to pay off their children's loans Assuming they are adults, that is their responsibility.
@@sanabria04 I think saying it is their responsibility is a cop out.
Did you not participate in their decision to get the loans or did you let High School students take out large loans just because they could.
Today I see many parents ignoring their responsibility in helping guide their kids in how to handle money.
We had a serous conversation with our kids about how to pay for college.
Our kids all had jobs in high school and college to keep the costs down.
So the deal was basically they keep the costs down and my wife and I would pay off the loans.
My wife and I think it is important that our kids start life with no debt.
@@genglandoh I believe parents should absolutely guide their children in terms of schooling, especially when finances are involved. My point was more so directed in the sense that if I were a parent I would not feel obligated to pay the loans of an adult who is graduated and well into their thirties.
my issue is with colleges and universities are grossly over price due to price gouging For their own Interest and not the interest of the students or their education
I think they missed his point. The dad didn't say he was against higher education. He sought a job that covers his kids college. The unions gonna cover his kids college tuition, so he doesn't want to allocate money out of his budget towards college tuition. He found a good job with a union that offers good benefits. These benefits are at the cost of higher pay, they aren't free. But as long as he's working there, the benefits are available. Come HS graduation, they don't have to worry about having enough money, or worry about parting with all that money, hoping the kid doesn't drop out or not be able to use their degree, because they didn't have to budget or spend money out of their pocket, its much easier and less stressful. So if college tuition is a work benefit, don't encourage him to waste a resource he works hard for. Sure, it might be limited to certain schools and courses, but I'm sure the kid can make due with what they're offering. Even if they're dream is to major in "German polka history" and "left handed puppetry" 😂
The kid isn't his. She told us by accident. The husband must know.
We need to change the way one gets a degree. If you want to be a doctor, why do you have to go through four years of taking courses that have nothing to do with being a doctor and then on to medical school? An aptitude test geared toward math and science should be taken as a junior in high school to see if you even have the brains to be a doctor. Then upon graduation, if your scores are high, you start medical school. Four years of French, Spanish 15th century Poetry, History, etc. does not make you a good doctor and it’s a waste of money. Of course, this will eliminate four years of drinking, partying, and casual sex, and colleges aren’t going to get millions from the public and be able to pay their professors hundreds of thousands a year. It’s a racket, folks.
3:42 was the first time I have ever heard Dave cuss😂 Certainly not a bad thing, but was surprised.
I’ve already told my daughter, I will help you with college if you know what you’re doing and what you will study and how much it will make. If you don’t, I’m not helping what so ever. I will not fund her wasting her time. And I’m not talking to about a university right away. She will start with a junior college.
People need some form of learning post high school. It could be Harvard university, state college, local college, community college, trade school, realtor school, welder, tech school…even ITT tech school(I don’t think is around anymore) but even that is some form of education that is taught. You gotta learn something post high school