Gearing Up For College

A generation ago there were a thousand men to every opportunity...while today there are a thousand opportunities to every man. - Henry Ford

Maybe you're thinking about going back to finish your degree. Maybe you are wondering if it's even worth it to continue your studies or begin from scratch. Here are some things to know before you jump right into forking over the cash to pay for a classroom education.

When does it make sense to go to college?

Going to college is not necessary to exist on this planet. Education is absolutely wonderful and vital, and I think everyone who wants to go to college should. Just don't go thinking that a diploma will be your ticket to a successful life.

Don't get me wrong. I think education is extremely important. However, going into major debt in order to get a degree that you will never use is ridiculous. When I hire people for my company, I don't look only at the degrees they have. I look at desire, attitude, diligence, people skills, and other qualities. These are the things that will determine if they are successful, not necessarily a degree.

I think there are 2 reasons to pursue an education:

1. If a degree in your chosen field will open doors to career opportunities. The truth is that in many fields, a degree won't open doors. Consider whether all the costs balance against the financial rewards.

2. To improve your life quality through the pursuit of knowledge. If your reason is personal growth and to do what God has called you to, make sure you go slow and pay cash to avoid getting into trouble. Use wisdom for the sake of your family. Don't make your future hostage to student loans.

What are the 4 Nevers of college savings?

1. Never save for college using insurance.
2. Never save for college using savings bonds (only 5-6% growth)
3. Never save for college using zero-coupon bonds. (only 6-8% growth)
4. Never save for college using pre-paid college tuition. (only 7% inflation rate)