Is frat life really all it's cracked up to be? 🍻 Aside from sipping delicious jungle juice from a trash can, college seems to be losing popularity points. 📉🎓 According to a recent survey, 69% of people believe college degrees are becoming less important, and 72% would skip college altogether if their dream job didn't require a degree.
It's totes normal to put off college until you're sure of a career path…or to just not go at all. So what happens if you saved a bunch of dough, but you had a change of heart? 🤔💵
Here’s Five Fast Facts on what else you can do with your college savings:
- 🎒 My Hostel or Yours? - Taking time off between high school and college isn't just for aspiring Euro-trip backpackers. Before diving straight into a career path and committing to a college major, take a year or two to explore a field you're interested in. You can use some of your savings to supplement your income while you take a lower paying gig and build a network. It's also a great way to try a few paths on for size before going all-in.
- 🧑🏫 Stay Classy - If you want to jump right into a career, consider getting a certification in a specific skill or trade. Certification courses are typically a fraction of the cost of a college degree. There are many in-demand jobs ready to snatch up skilled workers, especially in construction, installation, and maintenance.
- 😇 Be an Angel - Know someone with a promising startup that's going places? Consider being an angel investor and throwing them some of your savings. You can also research startups in a field of interest and see who needs financial assistance. It's a great way to get more familiar with an area of business and get in on the ground floor of something big.
- 🏘️ Flip or Flop - Want to be a real estate tycoon? Investing your savings in rental properties can set you up with passive income for years to come. Use the income stream to pay for college in the future, or even your children's college tuition.
- 🦈 Hi, Sharks! - Got an idea that would make Mark Cuban jump out of his seat? Why not use your college savings to get your entrepreneur on? Even if your idea isn't exactly Shark Tank-worthy, you'll learn valuable business skills along the way. Best case scenario? You'll make enough profit to get that degree later on.
🔥Bottom line: College isn't for everyone. These days, more people than ever are looking into alternatives and there are plenty out there! If you do head to college, check out this list of the highest paying majors. While you're at it, check out these low paying ones, too. Thinking about a career in the trades? Peep this article!
Did you skip out on college? What did you do instead?
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