Is College Worth It?

Is College Worth It?
By Don m. Terrill (c) - www.FindIncome.com

The stats are clear, on average, a college degree means more money. So, if you plan on being average, college is by far your best path.

I've wrestled with this issue as I considered guidance for my 17 year old step-daughter. Being a serial entrepreneur, my instincts are to tell her not to waste a single second of her time on college and to jump right into business. This drove her mother crazy.

I have since tempered my advice; I now recommend she get a two year degree in business administration and then decide if she wants to continue with her education. During the two years she will be working 20 hours a week with me. She's actually been working in the business since she was 11, but now she's going to take a more active role.

I think this is a good compromise that will allow her to put eggs into two separate baskets - securing her a level no lower than average.

What finally changed my mind? Realizing that not everyone has the drive and desire to be successful in business. Some just want to work on auto-pilot for 8 hours and go home. Who am I to say they shouldn't?

So, how do you know if you're entrepreneurial material? Well, you'd better first be an above average person. Look around at your peers, how do you stack up? Be honest. The one trait I like to see is ACTION - someone who doesn't just talk, they do. Is this you?

One more thing: If you're not sure what field you want to work in, get a degree in business administration - every field needs people to run the business. That's the argument I used to convince my step-daughter to not get a veterinary degree.

Will she be happy, successful, a person of action; or just average? In the end, it's up to her.

So, is college worth it? It all depends on if you are, or plan on being, average.