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Lets all agree on one thing regarding the "college vs. IM" debate (and other thoughts)

Discussion in 'BlackHat Lounge' started by Sherbert Hoover, Jan 15, 2016.

  1. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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    I've noticed so many threads lately either about this topic, or that turn into this topic. All of them end with people on the extreme ends of the spectrum. Can we at least all agree to the following:

    On a profitability scale of $ to $$$$$ IN MOST CASES:

    Option 1) INPUT: No college, No entrepreneurial spirit. OUTPUT: $ - $$. VULNERABILITY: Average
    Option 2) INPUT: Yes college, No entrepreneurial spirit. OUTPUT: $$ - $$$$. VULNERABILITY: Low to Average
    Option 3) INPUT: No college, Yes entrepreneurial spirit. OUTPUT: $ - $$$$. VULNERABILITY: High
    Option 4) INPUT: Yes college, Yes entrepreneurial spirit. OUTPUT: $$$ - $$$$$. VULNERABILITY: Low

    What does this mean?

    Option 1 person never went to college and knows nothing about the world of business or online anything. They work doing manual labor or some menial office related task, or customer service, and will rarely rise above the ranks of "manager". Their job-getting abilities are relatively safe, as they "specialize" in something that is available and relatively in demand most everywhere.

    Option 2 person did the typical college route, but doesn't have the cajones to break into what we do. They generally find work in their chosen field, no matter what it would be. As they are specialized with four or more years of education pertaining to that field, they can usually rest assured that their pay will be livable, their job will be secure (especially for in demand fields such as engineering, computers, geological, etc), and their will always be options to network in their "niche".

    Option 3 person pertains to a good amount of people on BHW. They didn't go to college, and instead chose to break out from Option 1 and forge their own path. More power to them. They possess the entrepreneurial spirit, and hopefully are aware that the crash rate for IM and other fields is fast and unforgiving. You can be making $10K a month and have all your income sources dry up overnight, and the more you know, the safer you will be. And of course, the higher the risk, the higher the reward, and the higher the stress. It is rare that someone in this section will break through $$$$ into $$$$$. But again, their are outliers.

    Option 4 person went to college, is specialized in their field, and has the entrepreneurial spirit to try and make it in IM. They have the ability to take their technical experience and turn it into productivity that people in other options cannot. Sometimes a degree is useless in the IM/business world. Mine sure has been. But the knowledge learned, experiences taken, and connections made it worthwhile, and ten times out of ten, two 99% identical resumes where one person has a degree and the other doesn't will result in the degree-holder getting the job.

    Do you fit this mold, or are you an outlier? Think hard. Are you really, or are you just telling yourself you are? Are you an Option 3 who really is an Option 1 and needs to shoot for Option 2? Are you an Option 2 thinking you can be an Option 4, but have been fucking around for three years and still don't have a starting point?

    To finalize, the items we can all hopefully agree on:

    1) Nothing lasts forever. Nothing is guaranteed.
    2) People in all four options are exposed to risk.
    3) Everyone is entitled to their own opinion of what works best.
    4) What works best for some will NOT work best for others.

    And finally:

    5) Clear dreams lead to discipline. Discipline leads to productivity. Productivity leads to organization. Organization leads to implementation. Implementation leads to profitability. Profitability leads to expansion. Expansion leads to delegation. Delegation leads to lower stress. Lower stress leads to clear dreams. Lather, rinse, and repeat.

    Don't ever sell yourself short. PUT A MONETARY VALUE ON YOUR TIME. I've said this at least 20 times to different people in this online sewer. What are you worth per hour? Seven years ago I was an Option 1, setting my personal worth at $10 an hour and working in a sandwich shop, but I had clear dreams. Five years ago when I joined this site I was an Option 2, sitting in classrooms knowing I didn't want to do what I was doing.

    Now I'm an Option 4, a four year degree holder with a dozen income streams and a six figure income, and I value my time at $100 an hour. Writing this cost me $25. And if it wakes one person up, to me it was worth every penny. No strings attached. No email sign up form. No links. No bullshit. No guru. Just speaking from the heart, and speaking from too much experience in these 25 short, sweet years on earth.

    All the best forever,

    SH
     
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  2. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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  3. asap1

    asap1 BANNED BANNED Jr. VIP

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    I just happened to stumble on BHW one day, read shit for a few months, and profited.

    Honestly if I went to college I probably wouldn't be here, shit if I didn't fuck up in high school I wouldn't be here.

    You don't need a "entrepreneurial spirit" you just need enough common sense to read the forums and a little luck coming across BHW.

    What you posted is kinda true but its just so many variables that will determine the outcome.

    Either way you should go to college if you can unless you are already making enough money to keep your life going.
     
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  4. SH-M

    SH-M Jr. VIP Jr. VIP

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    Where can I buy your Ebook? :p

    I totally agree with your profitability scale list. It's the truth and will always be, no matter if certain individuals will create precedents leading to thinking otherwise. Those will only remain isolated cases and nothing more.

    Therefore, that is true under the normal circumstances of life. Anything can happen though, one never knows about that.

    The best thing to do is to gradually develop into the 4th option, as you did for instance OP. Remaining in one position without wanting to change for the good and advance further is always wrong.
     
  5. Nonilol

    Nonilol Elite Member

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    Really, studying isn't THAT time consuming. You can probably invest 6hours into IM every day and still doing well in college (except for exam weeks maybe), just needs some discipline.
     
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  6. JuggernautJukey

    JuggernautJukey BANNED BANNED

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    I agree with the majority of what you have said, but it all comes down to the Degree.

    In terms of getting a degree and getting a job, it can't even compare with the scalability of running your own business. 90% of graduate jobs will hit a ceiling at some point, and the only way to break through that ceiling is to go into business.

    Who would be the most successful in IM ... The Kid who spends 4 years studying Engineering at the top University in the world, who then stumbles across IM, or the kid who spent those same 4 years at home reading, learning and applying IM and general business practice every single day?
     
  7. OrangeNRG

    OrangeNRG Regular Member

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    Good model, I agree.

    I see you are big into offline. Those offline customers will try to milk you like a cow.

    One thing is building systems that do the work for you so you spend less time. Outsource things, have custom applications built for you, and refine your workflow. That way you can turn a 10 hour work day into 5 hour work day.

    It's clear that by doing that, your earnings per hour doubles.

    Also focus on your highest paying customers. Don't be afraid to just drop a customer if they are a pain in the ass... Like that "snail mail lady" from a thread of yours.
     
  8. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    There's more than enough time in a week to do IM,study and attend class and have a social life especially if someone spreads college out over 6 years and not 4 year standard.
     
  9. Neon

    Neon Jr. VIP Jr. VIP

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    True dat :D I study only before the end of the semester :D
     
  10. ajithrocksca

    ajithrocksca Senior Member

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    I got a call from UCLA, I rejected it because I am making more money than the median salary offered at UCLA. I already regret wasting 6 years of my previously life doing and engineering degree followed by a PG. The only consolation is I had a great social life back then
     
  11. OrangeNRG

    OrangeNRG Regular Member

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    One thing I remember is I had one amazing professor. He gave very radical opinions even when students threatened to get him fired. He would do things like challenge Christianity in a room full of Christians.

    TBH, professors like this make college worth it.
     
  12. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Was he teaching Theology? If he was teaching an Engineering class and was preaching about religion, he should be given the boot indeed.
     
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  13. seogiantking

    seogiantking Power Member

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    Studying is must for even IM.
     
  14. OrangeNRG

    OrangeNRG Regular Member

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    Cross Culture Psychology... And how culture and religion is intertwined.

    My peers got offended because their beliefs were being challenged. Every day we would have students burst out of their chairs and start arguing with him in the middle of class. Their whole world was turned upside down.

    It was very interesting to me, a kid fresh out of high school.
     
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  15. MisterF

    MisterF Jr. VIP Jr. VIP

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    I think many people see IM as an instant road to wealth and riches.
    Easiest way is to combine either the studying / boring job with learning about IM which will broaden your horizons, but to keep an open mind as to what is achieveable and possible.

    It is commendable that people do have a natural sense of entrepreneurial spirit but this alone isn't enough. You also need common sense by the bucketload.

    How often do you see people crying because they had all their eggs in one basket, along comes the latest Google updates and their income has vanished overnight ? Sometimes you need to think outside the box, put your own twist on things and then put into practice what you have learnt.

    I think salesmanship comes naturally to some people, it's not always taught. Know your product / service inside and out, have confidence in what you're selling.

    Work smarter, not harder.
     
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  16. NoGameNoLife

    NoGameNoLife Regular Member

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    That probably fits only for people who live in high income countries,where I live getting college degree is hopeless,yes you could find a 650?/month job in your specialised field however you need work hard for it,the most probable would be getting a lower paying paying job at 350?,I'm getting way better than that even though I'm low-end earner when it comes to IM

    Even if everything crashes and burns tomorrow I could sustain myself for 3-4 years from the cash I made so I still have plenty of chances to get up,if I couldn't during these 3-4 years I'm officially an idiot
     
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  17. Jared255

    Jared255 Jr. Executive VIP Jr. VIP Premium Member

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    Last edited by a moderator: May 18, 2016
  18. killuaX

    killuaX Junior Member

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    Thanks, this is my final year in college and this is exactly what I needed to keep me motivated to finish college.
    When I focus on IM I'm like all hyped.
    but when it comes to studying it seems so boring...
    after reading this thread I'm willing to put in the effort and be option 4 :)
     
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  19. giuliowebmaster

    giuliowebmaster Newbie

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    Nice post, thank you!
     
  20. Thenub

    Thenub Jr. VIP Jr. VIP

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    So many times when i've made some good earnings for a month, i think about dropping out of school but then realize it would be a stupid thing to do.
    You can definitely do IM + school and have a little time to do other activities (working out, going out, hobbies)