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Ric Edelman

πŸ‘€ Speaker
393 total appearances
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Podcast Appearances

The Compound and Friends
The Most Invincible Career Path in Finance

Yes, I think so, and for all the reasons you cited.

The Compound and Friends
The Most Invincible Career Path in Finance

And yet we have to recognize that the cost of going to that school, especially out of state, the tuition is so much higher, that half of parents today and half of high school seniors today say college is simply not worth the cost.

The Compound and Friends
The Most Invincible Career Path in Finance

These are some of the big advantages and the reasons for going to college.

The Compound and Friends
The Most Invincible Career Path in Finance

College graduates earn on average a million dollars over their lifetime more than non-grads.

The Compound and Friends
The Most Invincible Career Path in Finance

College grads are more likely to have stable marriages.

The Compound and Friends
The Most Invincible Career Path in Finance

They're less than half as likely to divorce.

The Compound and Friends
The Most Invincible Career Path in Finance

They live longer lives.

The Compound and Friends
The Most Invincible Career Path in Finance

They live healthier lives.

The Compound and Friends
The Most Invincible Career Path in Finance

They live happier lives.

The Compound and Friends
The Most Invincible Career Path in Finance

They have greater support and involvement in their communities.

The Compound and Friends
The Most Invincible Career Path in Finance

Their children grow up

The Compound and Friends
The Most Invincible Career Path in Finance

better because they're living in better neighborhoods.

The Compound and Friends
The Most Invincible Career Path in Finance

They're living in safer neighborhoods.

The Compound and Friends
The Most Invincible Career Path in Finance

The children are generally involved in a two-parent household as opposed to one.

The Compound and Friends
The Most Invincible Career Path in Finance

And we have seen lots of studies showing the advantages to children of that.

The Compound and Friends
The Most Invincible Career Path in Finance

So there are tremendous advantages for going to college and graduating with a degree.

The Compound and Friends
The Most Invincible Career Path in Finance

The challenge is that today, it's not so much getting into college.

The Compound and Friends
The Most Invincible Career Path in Finance

That's increasingly easy because enrollment is down nationally by about 15% compared to 10 years ago.

The Compound and Friends
The Most Invincible Career Path in Finance

So schools are accepting far more students than ever.

The Compound and Friends
The Most Invincible Career Path in Finance

It's easier than ever to get in, but it's harder than ever to stay in and graduate.