Yes, this post is bound to be controversial.
To be clear I am not referring to anyone who is destined to become a doctor, nurse, or engineer. Odds are you are focused on your pursuit and plan to do great things in the world. (Though reading this post might prove beneficial to you too).
I am speaking to the would-be college student who is at a crossroads in their life. You may be considering a general or liberal arts degree, or maybe community college.
Maybe high school is coming to an end for you. Maybe you’ve just dropped out of college. Or maybe you’ve recently been furloughed.
Do you go to college?
Get a job?
Take some time off?
Or maybe reinvent yourself?
Here are some statistics worth considering:
The Federal Reserve Bank of New York found that 39 percent of recent college graduates – and 32.7 percent of all college graduates – are working in jobs that don’t require a college degree.
Recent data analysis of job postings and resumes conducted by Burning Glass puts that number even higher, estimating that 43% of all college grads are underemployed in their first jobs out of college.
Imagine spending 2 to 4 years in college planning to embark on some career. But then you graduate and can’t find a job!
And what makes matters worst:
It’s estimated that an average college degree, including accommodation fees, costs $60,000 in the US. A student loan will add interest and management time overhead over this amount.
A degree takes years to earn, and after you graduate, the average college grad only earns $54,000 per year, and then they have to repay the debts. Even worse, you are not guaranteed to find a job even with your degree.
Many students contemplating college are following the advice of a parent who, in many cases never went to college. And in some cases are echoing what was told to them by their parents.
But here’s the thing…
That advice was given by individuals who didn’t have access or know how to effectively use the internet.
Reading these words means that you do have access.
The internet has the most amazing resources for creating wealth that has ever been created in the history of mankind!
Individuals become wealthy in less time than it takes to earn a college degree.
The Problem with a Salary
All salaries have a cap. Corporations will not keep raising your salary in proportion to your work output. Even if your work output is 5x that of others in the workplace. You won’t be able to receive even 200% of your current salary.
You can not reliably work more hours than a certain maximum per week. If you raise your hours to make overtime, you will have to make sacrifices in other areas of your life, and risk burning out as well.
Do you think that you can ever become rich earning $12 per hour and working 40 hours per week?
The short answer is “NO”.
That’s because small numbers have a strong gravity towards mediocrity and have no momentum.
Can you get rich by profiting $10 per unit and selling a hundred to a thousand of those units each week?
The answer is “Yes!”
The key is to create a business (with a digital product) that continues to run without your constant direct involvement — even while you sleep.
This is the power of a single operated newsletter versus struggling away at a job.
But the best advice for you may be to get a job so that you are not a burden on your parents, or to pay the rent, and then develop your single operated newsletter on your non-job hours.
Yep – it will mean sacrifice!
You will need to put your head down and WORK.
But this work is for you. And once you start gaining momentum, and the money starts rolling in, you will be glad that you took a path that you own 100%.
To achieve a self-sustaining single operated newsletter you must:
- Find a market gap.
- Deliver content that your subscriber base will buy!
- Learn the skills necessary to make it work.
Get your Free week of the single operated newsletter that our clients pay to read.