[quote=AN]joec, I never said it was easy. I just say it’s more likely to be making millions as a business owners than a W2-er. All the multi-millionaires I know are business owners. I know some well off W2-er but they’re not multi-millionaires. Of course, it requires a lot of hard work and a lot of luck and a lot of capital. But the ceiling is definitely much higher as a biz owner than a W2-er. I’m not even talking about billionaires like Bill Gates/Steve Jobs/etc. I’m talking about the people who own a bunch of T-Mobile/Sprint/etc. franchises, the people who own a small/medium size electronic manufacturing company, the people who own a successful restaurant and expand to 2-3 locations, etc.
Your assessment about when guy don’t care is pretty spot on. I was married with kids by 30.
I also agree that there are some degrees where ROI of Ivy is actually not bad. But I think the % of those degrees are minimal. So, if your kids are dead set on those fields and have the chop to succeed in it, then by all mean, go to Ivy. But for most, I would say, ROI is not there and only go for the prestige.
As for your tech comment, tell me, who would be more likely to be hired? A SDSU student who have a couple of apps/games that’s in the top 10 in the app store while graduating with Magna Cum Laude or a MIT graduate with a 2.5 GPA and have no work experience?[/quote]
I agree with most of your comments except for the last paragraph. Like most things in life, high risk in business will yield high rewards as well if it works out.
As I mentioned, I know some failed biz people who went back to 9-5 jobs so sure, you can be a multi-millionaire and it’s one of the only ways since you can make 0 profits and put EVERYTHING back into your company so you can expand without taxes, but like I said, it’s exceedingly hard to do as you appear to understand. Similar to being a pro athlete or entertainer, sure, you can be a multi-millionaire that way too, but it’s not very likely. My feeling is that business is not as easy as you make it out to be.
I have more belief that the MIT grad (or ivy drop out) will be the one with 10 apps while in school vs. the SDSU guy. Is there any weak college grads or even any near comparable numbers than the Stanfords/Ivys?
The reason there isn’t is because the Ivy’s (if you get in) already weeds out and finds the best folks who WILL be the guy starting companies already.
Maybe when you hit a glass ceiling, you start to see the big differences in options after you hit either a female glass ceiling or the asian glass ceiling. (where I felt I ended up and where a lot of my comments and experience stems from).
