Latest news with #Georgetown University
Yahoo
7 days ago
- Business
- Yahoo
Grant Cardone's Most Hated Advice: Does It Make Sense For You?
Grant Cardone isn't afraid to say what he's really thinking — even if it stirs controversy. The wealthy entrepreneur and real estate investor is frequently interviewed and always seems to give his raw, unfiltered take on subjects like personal finance. For You: Try This: In an Instagram post, Cardone highlighted his two most hated pieces of advice. Keep reading to find out exactly what he said that's controversial and if it applies to your unique situation. 'Most People Should Not Go To College' In 2024, 19.3 million students were enrolled in undergraduate programs at U.S. colleges and universities, according to the Education Data Initiative. This represents an 8.4% decline from peak enrollment in 2010. Despite this, almost half of Americans have earned at least some type of college degree. As of 2022 — the most recent data available — 47% of Americans had an associate's degree or higher, according to the U.S. Census Bureau. Many surely disagree with him, but Cardone doesn't necessarily believe earning a degree is important. 'Most people should not go to college,' he said on an episode of the 'Success Story Podcast.' He said it's crazy that people spend years going to college — while spending money, instead of earning it — to acquire knowledge they could gain from an iPad. See Next: Worth noting that in 2021, approximately 68% of all jobs required at least some postsecondary education, according to the Georgetown University's Center on Education and the Workforce. By 2031, this number is expected to rise to 72%, with 42% of all jobs requiring a bachelor's degree. Clearly, the decision on whether or not to go to college largely depends on your career goals. You might be able to learn a lot from an iPad, but it won't get you hired by an employer that requires a formal degree. 'A House Is a Terrible Investment' Owning your home is long-been a cornerstone of the American dream. However, Cardone blatantly disagreed. On the 'Digital Social Hour Podcast,' he said owning your own home is a terrible investment, because it doesn't offer cash flow or big tax write-offs. 'You have no leverage,' he said. 'You're living in it, you're paying for it, you never own it.' Even if you do pay the mortgage off, he said you're still on the hook for costs like property taxes, insurance and maintenance. 'Saying that owning your home is a terrible investment is a blanket statement that dismisses what has been the primary source of wealth-building for nearly 70% of Americans,' said Jose Alvarez, founding advisor at Harvest Horizon Wealth Strategies. 'For someone who built a career in real estate, that stance seems like nothing more like marketing for traffic on his platforms.' However, he did agree that you shouldn't consider your home an investment. Instead, he said it should be viewed as an item of consumption that serves as a place to live. 'You buy it to create stability — not to liquidate it later for income,' he said. 'That's not a home's purpose.' Unlike traditional investments, he acknowledged that your home probably won't produce income — unless you're a real estate developer. 'When you factor in maintenance costs that don't improve your basis — new roof, windows, painting — plus insurance, property taxes and utility costs, the real rate of return — return adjusted for CPI — on a primary residence tends to hover around 2% to 3% over a 20-year period,' he said. 'That's barely outpacing inflation and it's tied up in an illiquid asset.' Despite this, he said homeownership can definitely be part of a solid long-term financial plan. He also noted that calling it a terrible investment ignores the overall value its designed to offer. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 5 Types of Cars Retirees Should Stay Away From Buying Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy This article originally appeared on Grant Cardone's Most Hated Advice: Does It Make Sense For You?
Forbes
24-07-2025
- General
- Forbes
Rethinking College: How More Valuable Degrees Are Closing America's Talent Gap
Faith Lockhart recalls her time as a neuroscience major at Agnes Scott College in Georgia. 'Instead ... More of teaching you to merely be a lab assistant, they teach you how to be a scientist,' she said. By Jamie Merisotis Critics of higher education have a point: Average inflation-adjusted tuition has gone down, but remains too high. Degrees pay off, but too many grads struggle finding good jobs. The system needs an overhaul if it's going to prepare America for our increasingly tech-driven workforce. Just within the next six years, 42 percent of jobs will require a bachelor's degree, according to Georgetown University's Center on Education and the Workforce. More broadly, 72 percent of jobs in the US will require learning or training beyond high school. At this moment, only 55 percent of adults have a post-high school degree or credential, a talent shortage rapidly reaching crisis proportions. 'Even if every unemployed worker were to fill an open job within their respective industry, there would still be millions of unfilled job positions, highlighting the widespread labor shortage,' the US Chamber of Commerce reported in April. Degrees That Work Education and training beyond high school is the answer, and forward-looking colleges and universities have recognized that they need to adapt to provide greater value. They're not abandoning commitments to general education in critical thinking, problem solving, and communication. But many are working to offer better connections to careers while focusing on lower costs, better advising, and immersive learning. Schools with noteworthy approaches can be found in every part of the country and include Fayetteville State University in North Carolina, a historically Black institution near Fort Bragg, the nation's largest Army base. Veterans make up a third of the student body and have included Jeremy Ricketts, who served combat tours with the Army in Kosovo, Iraq, and Kuwait. Ricketts, in his 40s, felt out of place at another school because of his age. But Fayetteville State works to attract and retain military veterans, and the older and more conservative Ricketts told Lumina Foundation that he feels at home. 'It's a university that allows people from all different ethnic backgrounds and different experiences to just speak up, where nobody belittles each other for their beliefs,' he said. 'It's like, 'Hey, you like Democrats, I like Republicans. Cool; let's go get something to eat.'' Working Together The notion of helping students feel accepted is also part of the approach at Agnes Scott College, a private, all-women's school in metro Atlanta with a thousand students and a focus on career preparation, leadership, and hands-on learning. Dax Vandevoorde of New Jersey was a standout math student and president of her high school's prestigious robotics team—and one of only three women on the 50-member team. 'I was so tired of being the female engineer,' she said. Along with STEM courses, Agnes Scott offers traditional liberal arts with real-world business experience and leadership Up With Employers These examples fit a pattern of progress in which schools realize they need to make career preparation a core element of bachelor's degrees. The National Skills Coalition found that 84 percent of business leaders believe it's essential for schools to work with employers to develop work-based learning opportunities. Employer engagement, as it's called, takes many forms, including: All of this means that thousands of students at forward-looking colleges and universities are benefiting from alliances with employers and economic development agencies. As the need for talent drives the demand for advanced learning, smart moves at colleges and universities are helping boost the value of their degrees. These partners are building new technologies, new career pathways—and new and better bachelor's degrees at a time when all of us need them for the country's future.
