Today’s Sunday NY Times has an article on James Altucher by Alex Williams titled “Why Self-Help Guru James Altucher Only Own 15 Things.” From the article (here):
College, he says, is a waste of money. Although he graduated from Cornell, Mr. Altucher argues that the college degree has become a costly luxury in a world where millennials feel like debt serfs and entry-level professional jobs are scarce.
In a 2012 self-published book, “40 Alternatives to College,” he argued that young adults could travel the world, educate themselves online and start a business with the same $200,000 they may spend on college.
Investing the money with even a 5 percent return would offer greater financial benefit over the course of a lifetime, he wrote in a blog post.