If I were hiring a college graduate, I’d pay more attention to field of study than GPA. Given the choice between someone who got a 4.0 in English or a 3.0 in mathematics, I’d be far more inclined to hire the latter. Even for a job irrelevant to both disciplines. The math student had a tougher workload and almost certainly knows how to attack a problem better.
My grades were terrible in high school. I did better in college. I still graduated debt-free, and made very little money the first few years in business. With positive mental attitude and a game plan in place, I was able become debt-free by 35, and my income is very good for my age. Now that I’m debt-free, I’ve been able to save for retirement (what I should have done first).
– The most important. TIME. Value your time and make sure your plate is clear to focus on growth of your most valuable skills. Time also gives you time for reflection, relaxation and a balanced life. Hire people to do redundant stuff. I’m currently dating but not married so I have someone come and clean the house, mow the lawn and do the laundry. This stuff would take me 3-4 hours a week. That’s 1.25 weeks in a year. At my earnings level, I’m “worth” $80-$100/hr with expected 50 hours working. For $10/hr someone else can do these tasks while I relax or make money. Same things in the work place. Reports, data collection, number crunching, answering non money making calls or emails etc…..
Well, Chico State has a reputation as a party school, so this might not be a fair comparison. I personally went to a program that was extremely well respected in the arts, but as an academic institution was just fair. In actuality I had some really amazing professors (some who had PhDs from Ivy League schools, some who didn’t) but my choice was made based on the quality of my program versus the overall school. I did decide on a liberal arts school versus just an arts school because I wanted the option to expand outside of just an arts population. So, in that sense, if Chico State happened to have a better program in the field my “son” was going into versus Harvard, I’d say go for it. I’m not making the argument that if one has the academic intellect to do well in school that he/she should avoid going to a top-tier academic institution, what I am trying to say is that it’s not the only way to do well in life. In fact, I’ve met many people from top-tier schools who act entitled and think certain work is below them, whereas I’ve been hired and tend to be a respected employee because I’m willing to get my hands dirty. Again, this is not saying every Ivy graduate is this way, but same goes for every graduate from a “Chico” as you put it. When I was applying to college I got into Rutgers which is a fairly good school academically (not an Ivy, but at least up there with the top public schools) and I chose to go to a school that was less prestigious on the academic front because it was a better fit. I was a theatre major. I ended up switching to minor in journalism and sociology. I had an internship with Emmy Award-winning documentary filmmakers who had a program set up with my school, and was able to help compile research for cable TV news programming. Point being, the opportunities for success are everywhere. If you’re really smart, you’d skip college altogether and spend your college tuition building a business or two. Sure, you might never have the stability of working in a consulting firm or at a big tech company, but the people who get really rich (or at the least who lead “rich lives”) are often the ones who don’t follow the typical road to success.
I get the feeling it is actually easier than we think to make a salary up to $200,000 a year because so many people in this country are basically LAZY and feel they are entitled to a certain standard of living with little effort on their part. Not saying everyone is, so don’t take me wrong. I’m guilty of it myself at certain times in my life. Therefore, the folks who strive to achieve the principles that you’ve outlined in your article are way ahead of the pack, just by making an effort. As the saying goes…The cream rises to the top.
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Measuring people by their GPA and academics is totally wrong, some young people have more wisdom than any college graduate and a better work ethic too. Also, people’s life histories count as well, I’ve met people who had shitty grades when young then became doctors at age 40 or a hair dresser who became a marine biologist at 35. You guys are really boxing people in. In the UK tradesmen are bringing in more money than most college graduates, so GPA’s really don’t do much and are a waste of time in many regards. 90% of all jobs out there require an average IQ, so it’s down to other factors that get you in a job. You can transform your life in a decade from one of mediocrity to one of massive success, if that’s what you want. Also, doing the education route and top job is miserable if you hate what you do, all the money in the world won’t stop you hating yourself after a while.
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This article has been so inspiring to me! I’m a junior in high school and I’m so ready to get out of it and into the real world. They always say money can’t buy happiness, which I agree with to an extent. But I have my standards… I wanna live at the beach in a nice house. And I want to live comfortably. And I want to be able to take care of my family. And a little money would go a long way to helping that. So thank you for all of this wonderful advice!
So, that answers part if your question…yes, my attitude toward work, humans, merit, fairness, money, work ethic and many other things changed in the years of my first early retirement…not really enough room in this format to dive into that, but maybe we can chat about it sometime. That said, the wife and I reclaimed millionaire mountain by 2013 and are looking to check out of the corporate grind again within the next 5 yrs or sooner depending on how the global economic drama plays out. Oh, and yup – I also sell most company stock grants soon after they vest.
Two income-earner households are more common among the top quintile of households than the general population: 2006 U.S. Census Bureau data indicates that over three quarters, 76%, of households in the top quintile, with annual incomes exceeding $91,200, had two or more income earners compared to just 42% among the general population and a small minority in the bottom three quintiles. As a result, much of the rising income inequity between the upper and lower percentiles can be explained through the increasing percentage of households with two or more incomes.
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I earned a Bachelor’s in Mechanical Engineering Degree and a Masters in Management. The University I attended didn’t offer petroleum engineering but I do have several friends that were ChemE’s, as we used to call them. I agree that my ChemE friends who went into the oil industry definitely started out with highers salaries. But from my perspective these guys are working significantly more than the standard 40 hours a week contrary to what the article proposed.
So then I graduate… and my company offers to send me to any school in the country for my Master’s; pay my salary + the degree and then give me another raise when I graduate… So me being the person I am I applied to a bunch of top schools cause not like I was paying so another full ride (woot woot). So now I’m about to finish my Master’s this December at a top 10 program by the age of 23 and I expect my income and investments to net me probably 140k with a LOT of upward mobility. I live in a state much cheaper than cities like Houston/Dallas… so for sheer buying power I would say I am probably pulling 400k equivalent to someone in the Bay Area or NYC. So if you bust your ass you can crush it out there.
After reading your comment I feel I could gain some very valuable advice from you. I am a recent college graduate and began my first “career” job about 6 months ago in accounting. It is a small company with little room to promote so I am interested in learning more about how to get into a major company like the one you work for. Your advice sounds much more realistic, and I am more than willing to do what it takes to get there. I would greatly appreciate a response.
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