The Game with Alex Hormozi College: To Go or Not To Go? | Ep 692
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Apr 1, 2024 The podcast dives into the college vs. real-world experience debate. It discusses the hefty financial trade-offs of student debt and how they can impact future earnings. The host shares insights on the varying economic effects of education across different demographics. Listeners are encouraged to weigh networking opportunities against the value of traditional degrees. Ultimately, it's about finding the right path that balances education with practical experience for personal success.
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Alex's Career Path
- Alex Hormozi graduated Vanderbilt in 3 years and got a job in consulting.
- He later quit to work minimum wage at a gym, eventually building and selling a gym business for $46.2 million.
Experience over Education
- Businesses prioritize experience over education, degrees, or GPA.
- Many jobs today aren't taught in schools because of the rapidly changing economy.
Student Loan Burden
- Student loan debt carries high interest and is non-dischargeable in bankruptcy.
- A $250,000 loan can balloon to $400,000-$500,000 after tax over a career.