Latest / Solving America's Problems / Only 3% of Careers Actually Pay More With a Degree (Full)

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Only 3% of Careers Actually Pay More With a Degree (Full) · Solving America's Problems

0:00
Jerremy Newsome: Ladies and gentlemen.
0:03
Welcome back over the last few episodes, Dave and myself and to our guests.
0:08
We've been digging into one of the biggest questions out there.
0:13
Is college still worth it.
0:16
And after everything we've uncovered, I can say this.
0:19
We are not in the same place we were when we started.
0:23
We have all been told that college is the best path to success.
0:29
Is it?
0:31
Dave Conley: So that was really cool about doing these episodes is that we
0:34
start in one place and we have this like thesis, we have this assumption and it's
0:38
okay, we come in with our own biases and our own like life experiences and
0:44
we were questioning, even if a degree.
0:47
With the student debt and whether, whether any of it made any sense anymore.
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It's Oh, you got YouTube, you got AI, you got all these other
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things that are available to you.
0:54
And I think I know through my lens, it was like, man, there was no way
0:58
I've been trying to get students.
1:01
out of the system.
1:02
It's I want to go to college.
1:03
And I'm like, no, don't do it.
1:05
So as we talked with the educators, the entrepreneurs and the
1:08
experts, I think we realized it's not just about college itself.
1:12
That's a huge component, right?
1:14
But it's affordability.
1:15
It's outdated education models.
1:18
It's the lack of emphasis on different ways that people can be successful
1:24
and how they might be able to do that.
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And I think you brought it up, several times and we'll get into it.
1:28
It's look, this there's lots of there's lots of ways to get there.
1:31
And the amount of education that goes in at the beginning of telling
1:35
a student or a prospective student, let's do this is like nil, but here's
1:41
a hundred thousand dollars of debt.
1:43
Jerremy Newsome: yeah.
1:44
The one that just frustrates me the most, I think Is some shift between how hard it
1:50
is to get an SBA loan, business loan, new startup loan, new venture loan, something
1:58
versus getting a loan for college.
2:00
That is an easy shift.
2:03
Very easy to change right out the gate is okay.
2:06
If we're going to make it very simple to get a college loan and for whatever
2:10
reason, go for it, you're gonna get a liberal arts degree where you will
2:13
literally never ever pay that off.
2:16
Okay.
2:17
Hey, Microsoft help.
2:18
You can sign on the dotted line and you can go get all of your money, all
2:20
the money that you want, and then go to Belmont and, quarter million dollars
2:24
a year, get your liberal arts degree.
2:27
Okay.
2:28
But then the government or the institutions or that same lending
2:33
institution should be available for anyone who wants to start a business
2:37
as well, have a business plan, have it drawn out, have it written out.
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This is what you should be able to do.
2:42
Okay.
2:43
And the same speed at which they will get approved for a student loan,
2:48
get approved for a business loan.
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Dave Conley: Yes, and I think that's absolutely one solution that, that's
2:55
right in the money spot because, here's the running theme that we keep on running
2:58
into, whether it's our first series on school safety and school shootings,
3:03
whether it was college, we talked a little bit of national debt, and we've
3:06
definitely hit it on some upcoming themes that we're hitting, is that
3:11
there's no cheerleaders for any of this.
3:13
There's nobody yet that we have found that is saying, Hey, this is working great.
3:19
Don't touch it.
3:19
Don't mess with it.
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And it seems almost ludicrous that the people who are actually empowered to
3:27
actually make the changes to do this, are, they seem to be living in, I
3:30
don't know what it is, they seem to be living in some sort of fantasy land.
3:33
You Where all of the policy, whether it's government or these institutions,
3:38
the colleges, or the, even the companies that are getting college graduates
3:42
that are saying, Hey, this isn't, everybody is saying this isn't working.
3:46
What is it?
3:47
What is it?
3:47
So let's back up a little bit.
3:48
Let's walk through the episodes.
3:50
We started this.
3:51
Is college worse than cost?
3:53
And we started with Rob and Jeremy.
3:55
Jerremy Newsome: huh.
3:55
Dave Conley: Couple of cool guys.
3:57
Jerremy Newsome: Yep.
3:57
Super cool dudes.
3:59
Dave Conley: What was their story?
4:00
I recall that I think it seemed like we had 20 degrees between
4:04
the four of us in that room.
4:06
Jerremy Newsome: It was so fun.
4:07
Jeremy with his 412 different degrees.
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And it's like constant, like I need to get degrees, like it has to happen.
4:16
and then Rob really, what was fascinating is Rob also had a more pro take on
4:25
college for a lot of different reasons, but one of them he famously said listen,
4:29
if you're a black man in America, get a college degree, end of story, right?
4:34
End of the story, because you're going to be looked at differently.
4:39
If you don't, and that is a way to continually distinguish yourself right
4:47
from black man to black man, like that's what he mentioned as a really beautiful
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direction for a lot of men in this country who want to create distinguishing
4:57
differentiation between themselves and someone else of the same skin color.
5:01
All right, go get a degree.
5:02
Got it.
5:03
So for him it was also awesome because we had that really great conversation.
5:07
It was mandatory in his household There was no other choice You had to get a
5:13
college degree And that is because his parents did find really good success and
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for those of you who remember in that conversation Their parents did choose
5:23
the degrees that do pay relatively well essentially both engineering degrees and
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so for his parents, they got a good degree because those jobs were very relevant.
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They were high paying.
5:38
They were very strategic and very specific falling really into the
5:41
stem right aspect of degrees.
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And so for his parents making it mandatory and the entire time of you growing up for
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Rob, his parents were saying, you have to go to college, you have to go to college.
5:54
But.
5:55
No, you have to go to college.
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This is the type of degree that you have to get.
6:00
You can't just go to college and get a basket weaving degree.
6:05
You got to go and become an engineer or you got to go and work in finance
6:09
or systems arbitrage or whatever.
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And that those are the requirements.
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I think that was just really a beautiful paint portrait and picture because
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the more that family unit encourages children to go after, not any degree,
6:26
because they, even 30 years ago, his parents, We're very aware that there are
6:33
some degrees that are better and there are some degrees that are worth it.
6:38
And there are some degrees that you definitely shouldn't
6:40
even waste your time with.
6:42
I think is an obvious direction to implore.
6:46
Dave Conley: I went to graduate school with a lot of Indian nationals and
6:51
their running joke was in their family.
6:53
They were either.
6:55
Engineers, doctors, lawyers, accountants, or failures.
7:00
Because it was so in, just in the culture, in their family, like
7:04
there was no question that the family units and the culture that
7:07
they were in valued education.
7:10
I think you see that in across, Asian communities for sure.
7:14
And.
7:15
I, so I got a question for you because I want to hit this on a future episode when
7:20
we're talking maybe race, we'll just talk about race and, as such a big thing here.
7:24
And I'm curious if I absolutely believe Rob as far as saying, Hey, as
7:32
a black man you have to go to college in order to to, to how did he put it?
7:37
He said, To just to gain access and higher level of opportunities.
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There was no other way to succeed without a degree.
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And I'm curious if that is true.
7:49
My, my understanding again it's really basic.
7:52
My understanding is that.
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If you look at anybody from a given zip code, meaning that they're in, like if
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they're in a upper income zip code, like right on Washington DC or in New York
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or in LA or San Francisco, no matter their race, no matter who they are male
8:09
or female, no matter what their race is, they will have similar outcomes
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in life because of the zip code that they're in, the schools that they go
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to, the high schools, the people that they surround themselves, that if you're
8:19
in an upper, if you're in a middle.
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Solid middle class or an upper middle class, or an upper class zip code, those
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people tend, it seems to just go out in the wash saying that race isn't the most
8:32
critical factor when it comes to that.
8:34
I do believe that if you are not in those zip codes, then race is more
8:39
tightly correlated with income, and if it's correlated with income, then all of
8:44
those opportunities go out the window.
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So I'm, I wanna figure that one out.
8:48
Jerremy Newsome: yeah, that's a really.
8:51
Dave Conley: Now, I might be wrong, right?
8:52
But that is, but it's I don't know.
8:54
It's not saying that race isn't important, but I'm saying, is it
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that important for, upper middle class and middle class families?
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Is it the same?
9:02
I don't know.
9:02
I don't know the answer.
9:03
Jerremy Newsome: Yeah.
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I think what you said is the zip code is that's probably worth definitely
9:07
finding and doing some good research on.
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Because if you're in the zip code and you have a race that stands out, that's
9:15
potentially different than others.
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If you are not doing what the other people in that zip code do, you probably
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still will be relatively ostracized.
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Example, if 85 percent of this zip code is race car drivers
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and you're the only dentist,
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Dave Conley: Yeah.
9:33
Yeah.
9:34
I get it.
9:34
Jerremy Newsome: you're right.
9:35
Exactly.
9:35
You're probably, people are gonna probably think you're a stranger.
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If everyone in the zip code or the vast majority of software engineers,
9:41
and you're the only influencer.
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That it doesn't matter your age.
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It doesn't matter your race.
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People are gonna think you're weird anyway, and you're probably
9:47
gonna have tons of friends.
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So it for me the perspective really is the ability for you to distinguish
9:56
yourself, not only from societal norms, but also to just be aware of how you're
10:01
going down your trajectory of education.
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As long as people are comfortable that you put in the work, the time and the
10:08
elegance of the grind, the evidence of the grind where it's like, Whoa, okay.
10:15
You didn't go to college, but you flipped 150 houses and you have a story
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or you didn't go to college, but you went to jail and you got out of jail
10:26
and then you've learned what not to do.
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And you studied on the backs of Individuals that taught you and
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you read a bunch of books and now you are an incredibly high echelon
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tax paying individual of the united states of america, right?
10:38
That's a story of Resilience that's really the human emotion is the reason
10:44
that college is there is because it is hard To get a good degree as you
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go through college right going to university of florida, which was a big
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college still is obviously at the time, we have a mutual friend, Dave, that his
10:56
son got a 1520 on his SATs and couldn't get into the University of Florida.
11:02
And again, I'm not saying that's probably a bad thing for UF, by the way, like
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you're missing out on someone that almost got a perfect SAT score, that's rare.
11:09
But to the same degree that if someone's going to any college and
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graduates from that college, If it's a high end, upper echelon college,
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that still comes with some marker of this person put in the time, the
11:25
energy and the effort to actually win.
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And it doesn't obviously ultimately probably even matter if it's college or
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if it's a four year work experience where you went to work for four years versus
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going to college and now you have work experience and your boss or your bosses
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have this glowing report that, Hey.
11:45
Dave knows how to put in the work.
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Dave knows how to put in the time.
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He did X, Y, Z proficiently.
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You're probably still going to get a really good job placement
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because you showed resilience.
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That's what most people are putting out there.
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And a lot of times college does show that resiliency.
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Dave Conley: So do you, is another way of saying that, do you think that
12:02
there's a bias or a prejudice even of people who don't have a degree?
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Jerremy Newsome: Oh, is there a prejudice?
12:09
There is, yes.
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In fact, I would say this, there's a prejudice.
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Whereas if you don't have a degree, you better have a story.
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There, there better be a reason why.
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And for example who right now is going, Oh, Zuckerberg, what a failure?
12:27
No one,
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Dave Conley: Okay.
12:28
Jerremy Newsome: Not a single person ever.
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Cause the guy was in Harvard, but dropped out.
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Could he get finished?
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Sure.
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Sure.
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Could have.
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But now he donates 3 billion a year to the endowment fund.
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So I was like he's good.
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That perspective though, he doesn't have a college degree.
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Now, I don't know if he's actually gone out and got one since just for
12:44
the giggles, but there's tons of people that if you do not have a
12:49
degree and this country, yeah, you better have a really remarkable story.
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Dave Conley: This is, so this is what I heard here.
12:58
Here's where it was because I, I did come into this first episode in particular and
13:01
being like no, don't go and get a degree.
13:04
Even though we know that college graduates they, over the
13:08
longterm, they do make more money.
13:10
They do have better health outcomes.
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They, there's you live longer.
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There's a lot of things that like go into it, but here's some things.
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We learned from Anya in the second episode that like the biggest debt
13:23
that people have are the people who didn't finish their degree.
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And I'm like, Oh no.
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Like they actually got in, they started doing it and they couldn't
13:32
afford it or something happened or life got in the way and it's oh, no.
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So that's the worst of all worlds.
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It's like you started, but you didn't.
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And then we learned like a bunch of people are in jobs that don't even
13:43
require a degree or they're not using it.
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And then it's like there is that mismatch of, yeah, there's a
13:52
bias against people who don't have degrees and the value of it.
13:58
In the workplace.
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I don't know.
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I don't know how I'm saying, you know what I'm saying?
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I'm trying to, I'm trying to get it.
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I was like, look, it, the college degree doesn't matter a whole lot,
14:09
Jerremy Newsome: Yeah.
14:10
Dave Conley: but there's this heavy prejudice against it and there's
14:13
a lot of places that, require a college degree and like on and on.
14:18
And I'm like, when we talked about reforming this thing, I think it
14:22
happened in the later episodes, which will, you know, which is
14:24
this does need to be redone.
14:26
I don't know, but let's talk about the, in this first episode, we also talked
14:30
about trade schools and the value of that.
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Jerremy Newsome: Yeah.
14:34
I love trade schools, man.
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I'm a big, huge proponent of those.
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Huge.
14:39
Because my, my theory again for how we can radically shifts the business
14:46
model that is college that is failing this nation is if you don't know
14:52
exactly what you want to do, right?
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So someone goes, I don't like you fill out a form.
14:55
Do you know what you want to do?
14:57
Yay or nay, nay, go to a trade school, right?
15:01
If you know what you want to do, it's still not an exact.
15:04
You have to go to college.
15:05
So here would be a form.
15:06
Do you know what I want to do?
15:08
Yes, I want to go finance degree.
15:11
Okay, why you want to get a finance degree?
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So I can make a bunch of money trading the stock market.
15:15
Okay, Jeremy Newsom, don't go to college.
15:17
Bye.
15:19
if you do go to college, you're going to pay more because
15:22
you're going to make more.
15:24
You're going for, you're going for finance literally to make money.
15:27
So your whole job is going to be to make money.
15:28
Yeah, that's why you pay for it.
15:30
That's why you have to pay for it.
15:32
You don't have to do anything.
15:33
You don't have to pay for it.
15:34
There's no scholarships here.
15:36
Enjoy.
15:37
All right.
15:37
So that depends on how bad that I want it now.
15:39
And if I go out and get that degree, I have to pay for that degree.
15:42
And I have now understood that's something that I want to do.
15:45
So I'm going to go to college so they can figure out what they want to do.
15:48
And they're going to spend five, six, seven years, like to your point, growing
15:52
their debt and then maybe getting a job.
15:55
Probably doesn't pay for their tuition.
15:58
College experience or if they drop out two years in and they hated it.
16:03
Now they go get a job.
16:04
They still have that debt for those two three years Yeah, if you don't know why
16:07
you're going to go to college You're not really sure you have to slash you
16:12
should go to a trade school because trade schools is hey You're going to get a on
16:17
the job training ojt like you're going to learn something that probably AI is not
16:23
going to take away from you anytime soon.
16:26
These jobs are mechanical oil changes, welding, right?
16:32
Doing, working on HVAC systems, doing plumbing, electricity.
16:38
Like these are jobs that robots will take a hundred years from
16:41
now, like nice and far away.
16:43
Maybe maid services great people need their apartments or their house or the
16:47
things clean is like people will pay for that all the time Laundry services like
16:51
you can learn so many things in trade schools Because it is on the job train.
16:56
Like I say, Hey, this is a job.
16:58
We're going to teach you how to do this job.
16:59
And the, in this job, you're going to make money because jobs pay money.
17:02
That's what they do.
17:03
Huh.
17:04
Huh.
17:05
Dave Conley: That's a t shirt.
17:05
Jobs pay money.
17:07
I'm a a hundred percent yes on this and I'm going to say
17:10
this again, future episode.
17:11
Like I, I'm just like, okay.
17:13
For a future episode, I want to talk to more people in trade schools.
17:17
Because I think this also dovetails really well with what Karen was talking about in
17:22
our third episode, which is there's a lot of ways that we can reform the system.
17:26
And one of them is lifelong learning and micro credentials.
17:31
Now, when I think about a trade school, this is why I want
17:34
to talk to people in trades.
17:36
is that often it's very, no pun intended, but labor intensive.
17:40
And those labor intensive jobs will take a toll on your body.
17:44
And not only do these jobs need to have good pensions and maybe unions
17:50
involved, but also ensuring that, you do make a lot of money in this, that,
17:54
in particular, something happens on the job that, you're taken care of,
17:58
that there's also, career paths inside your trades and those micro credentials
18:03
can teach you all sorts of things.
18:05
Maybe it's managing people.
18:06
Maybe it's getting into the business side of things.
18:08
Maybe it's starting a business on your trade.
18:11
Maybe it's some other aspect of your trade that isn't so labor intensive.
18:16
And so that's where I'm like, okay, let's talk to people in trades because
18:20
I want to understand What those career paths are, because you're a
18:24
different human being in your early twenties than you are in your fifties.
18:27
And it's you're not, if you're still slinging bricks in your fifties.
18:31
Wow, God bless you.
18:32
But that's tough.
18:33
Jerremy Newsome: Yeah.
18:33
Yep.
18:35
Yep.
18:35
Exactly.
18:35
You don't have to, I think there's probably a lot of other things
18:37
you can do in that situation.
18:40
Dave Conley: And there was other things around this, right?
18:42
There was also like, okay, we didn't talk enough about military.
18:45
We have a lot of, people in the military that listened to us
18:47
and they're friends of ours.
18:48
That's a career path.
18:49
If you don't know where if you're like, I'm a, I don't know.
18:51
It's not just, Trade school or college.
18:54
It's and there's service it's there's gap years.
18:57
That's go and be an intern.
18:59
I know I, I was not emotionally prepared to go to college and the
19:03
type of college that I went to.
19:05
And the, just the idea of man, just to go and take a year when I was 18 and
19:12
travel and work and intern for a year, just get some education social education
19:18
around making money and people and, just try some things and just do some
19:24
intern work for real estate or whatever.
19:27
And just see what it's all about before I went to college.
19:29
Yeah.
19:31
Jerremy Newsome: yeah.
19:31
I think those are, I think those are big pieces and I think that's something that
19:34
can easily be constructed, probably.
19:38
More just from the top down approach, right?
19:40
Imagine if you have the president just openly talking about this relatively
19:44
often, where Hey, this is the education experience going forward, right?
19:48
This is what's available.
19:49
This is what's opportunistic.
19:50
This is what's possible.
19:51
This is the changes that we need to make going forward.
19:53
This is what we should make going forward.
19:57
These are the tiny micro adjustments and tweaks that we can make on this education
20:01
system and really the mindset behind the education system about what's available.
20:06
I mean imagine more and more teenagers 18 and 19 taking their leap years or it
20:11
being relatively mandatory before you even go into college unless you have a 3.
20:15
8 GPA or higher you now need to go and you have to do a year of work as a
20:22
submission before you go into college.
20:25
And yes, you're going to reward the ones that are academically
20:27
like ready to go, they're on fire.
20:29
But if they're, a Jeremy Newsome and they're going to, they're
20:32
just squeaking by and they want to just go make a bunch of money.
20:36
It's like, all right let's go work first.
20:38
And thankfully nationwide insurance was one of the companies and there
20:42
are companies Out there that will pay you to go to college if you're working
20:47
for them And that's a mind blowing opportunity in itself But nationwide was
20:51
one of those companies and the hilarious caveat was I had to work 60 hours a
20:55
week And so I was like, wait a minute.
20:57
Are you telling me I only have to work 60 hours a week?
21:01
And you guys will also help pay for my college and I can
21:04
take any degree that I want.
21:05
They're like Bro, if you work 60 hours a week, we'll pay
21:07
for whatever college you want.
21:08
I was like Yeah, that's a no brainer, right?
21:11
We're talking with us 12 hours a day for five days a week.
21:13
What do you want me to do with all my other time?
21:16
I'm confused.
21:16
60 hours.
21:19
Dave Conley: Was it enterprise that does that to enterprise rent a car?
21:21
Jerremy Newsome: Enterprise rental is one of them.
21:23
Verizon used to be one of them that there's a few man out there, like
21:26
pretty big companies that will pay their employees to go to college.
21:29
And here's the crazy part though.
21:31
Imagine, Dave, how many people at Danish Hawaiian Insurance were
21:35
not working 60 10 other people, I was like, what are you doing?
21:43
I don't get it.
21:44
So again, it's just one of those things that wasn't, I don't think this message
21:47
is championed enough by people where if you're not going to college, I've been a
21:53
big proponent of, Yes, there's a reason if and if you don't know, then there
22:00
absolutely should be a very easy path for you to learn to figure it out, right?
22:04
You just mentioned the military.
22:07
We talked about trade schools.
22:08
We talked about internships.
22:10
There's going to be on the job trainings.
22:12
There's another, I'm a big fan of, which is apprenticeships,
22:14
even better than internships.
22:16
I think there's tons and tons of companies that could offer
22:18
should offer apprenticeship roles.
22:20
Where again, you can still pay someone very nicely because interns
22:24
essentially is just free and they're just working for no reason.
22:27
Like they got bills too.
22:29
But apprenticeships, it's probably even a better program.
22:32
Dave Conley: There's a, there's an attitude shift I would love to see,
22:35
which is also in most of the rest of the world, like retail jobs and food
22:40
services, jobs are professions And you can make good money doing those things.
22:48
And here it's often equated with like people who are in school or
22:52
young people or people who are, wanting to go off and do something
22:55
else it's seen as temporary work.
22:57
And I think there's this attitude shift of not only is blue collar
23:02
work valuable and needed trades and people who are in trades valuable and
23:08
needed that, most people in the United States don't have a college degree and
23:12
that people who are doing jobs like.
23:17
Like food services
23:18
those, they, to elevate them as professionals and not just treat
23:23
it as a job that anybody can do.
23:25
I waited tables and I did not last long.
23:28
, it's it's hard.
23:30
Jerremy Newsome: Yeah.
23:30
But it is, to your point, like those should be, there should be certain some of
23:34
those that some people should experience.
23:37
And again, everyone should just have that yep, this is a role that I can
23:41
go into as a someone in a certain age to potentially try to go to college.
23:46
Should I also work myself through school, go into the food industry,
23:50
the service industry, just so you can learn interaction.
23:52
You, I think you said the word earlier, societal, right?
23:55
Just learn your societal roles, your societal norms, wherever you are in the
23:58
country to just understand how to be with people and talk to people because
24:03
if it was made, if it became this.
24:06
Let's call it a life credit you go to college And if you are going to
24:11
college, you can submit a W 2 or you can submit a, I have worked for another
24:17
organization for more than a year.
24:20
You automatically get a reduction of four credit hours, right?
24:24
That would be an awesome solution because now you're going to
24:30
incentivize and reward people who do work before slash while they're in
24:36
college, because Dave, guess what?
24:39
All the people don't.
24:40
A lot of people like, man, this whole college thing I, this is enough for me.
24:45
I'm like, it's not, no, it's not 12 hours is a full time plate for college credit.
24:55
Which is three, four hour classes essentially or four or
24:59
three hour classes either way.
25:02
So 12, 16 credit hours is oh, what are you doing?
25:06
That's your, you're getting two.
25:08
Oh boy.
25:09
Sixteen.
25:11
That's only four, four hour classes a week.
25:16
It's what are you doing?
25:17
There's so much more time left.
25:19
So yeah, being able to reward children and rewarding our young teens who are
25:25
going to college and working with some type of credit reduction bonus point
25:31
system of some kind to have jobs also I think would be remarkable because
25:35
then you're giving reasons to also be working and go to school simultaneously.
25:41
Dave Conley: Love it.
25:42
Love it.
25:43
Let's talk about let's touch on the second episode in this series.
25:47
It was With Anya Cummins.
25:50
Jerremy Newsome: Yeah.
25:51
Dave Conley: 20 years ago, she wrote these books saying, Hey, this whole
25:54
college debt thing, this isn't going to go into the right place 20 years ago.
25:57
Jerremy Newsome: Yeah.
25:58
Dave Conley: And everything that she talked about coming true.
26:03
Jerremy Newsome: Yeah.
26:04
And she predicted a student debt crisis, and it's huge.
26:07
It's huge.
26:07
Debt keeps growing because college costs is outpacing inflation and
26:12
graduation remains, graduation rates are remaining about the exact same.
26:17
I think one of the things that she's made pretty clear is the need for
26:21
policy and systemic change, right?
26:23
The policymakers haven't adapted to any kind of these economical, economic shifts.
26:28
And I think ultimately just being aware that, that while the price
26:32
of college is going up, that additional price, you're not really
26:37
receiving anything extra for it.
26:40
Essentially saying hey, if you were to pay more, why can't you get on a.
26:46
Higher likelihood graduation path, right?
26:50
If you do pay more, can I get, does that come with tutoring?
26:54
Does that come with, and some colleges might have this.
26:57
I don't know of any right now, but if, Hey, I pay for a little bit more.
27:01
So instead of 55, It's not an extra 5, 000 a year that I'm paying.
27:07
I get a tutor.
27:08
I get office hours.
27:09
I get.
27:11
Classes that someone holds my hand and really just helps me out and answers
27:15
and stayed over and, the teacher's assistant helps me and spends time
27:20
with me and so on and so forth.
27:22
So if you are going to pay extra, cause that's what happened,
27:24
that's what's happening right now.
27:25
People are paying extra.
27:26
They're not getting anything extra for it.
27:28
And there are professions that stay in debt, including
27:33
the medical licenses, right?
27:35
Medical degrees and medical debt is bananas.
27:39
And they stay in that debt for 30, 40 years.
27:43
Dave Conley: Yeah.
27:43
Into your fifties, right?
27:44
Because you don't get out of school until you're mid thirties.
27:46
What
27:47
Jerremy Newsome: And you're not making actually any real
27:49
money until you're mid forties.
27:51
Like real legit good money.
27:53
So yeah, it is.
27:54
It's really mind blowing.
27:56
The amount of debt that the people are just going under
27:58
to just, to get into this.
27:59
And I think that's awesome.
28:00
And she tracked that down and stated that the traditional four year
28:04
college model is outdated, right.
28:06
Which is really that simple.
28:07
That standard go for four years.
28:10
Outdated.
28:11
Dave Conley: how did.
28:12
How did Karen put it that, Hey, the system does have, some value we've been doing
28:17
it, but we've been doing it basically the same way for a thousand years,
28:21
Jerremy Newsome: Yeah.
28:22
Yeah.
28:23
Dave Conley: Like it hasn't changed much since the dark ages, literally.
28:27
And, but Anya and Karen, they intersected in a really interesting
28:35
place, but we can focus on Anya first.
28:38
She said, there's some things that are really working and
28:41
we want to do more of that.
28:44
Anya mentioned, oh, it was the Western Governors Association and they're the ones
28:50
that are working with industry and they develop these skill based education along
28:58
with students having a success coach.
29:01
And Karen mentioned the same thing of working directly with industry to be
29:06
like, okay, we know that the college graduates you're getting you're saying
29:11
loud and clear that they are not ready for work and that you're having to retrain
29:16
them as soon as they get out of college.
29:18
So let's work together and hey, maybe you guys can sponsor this rather
29:22
than the students footing the bill.
29:25
There was Australia, which was like, okay, you only pay back a percentage
29:31
of your income based on your degree.
29:34
And what am I missing?
29:36
Oh, you, you said you, we should pay for experiences, not for education.
29:41
Jerremy Newsome: Yeah.
29:41
I think those
29:42
Dave Conley: There were some good ones in here.
29:43
Yeah.
29:44
Jerremy Newsome: there was, man.
29:45
I think, again, I think one of my solutions that I can, that we can
29:49
end up bringing to the table at some point in the future really
29:52
is that awareness piece, right?
29:54
Where again, the education's if you have all this stuff for free online, they're
29:59
not coming there for the education, right?
30:01
They're coming there for the experience of learning how to meet people, talk
30:05
to people, interact with people.
30:06
The education is there.
30:08
I went through tons of classes where the lecturer was just speaking about really
30:13
cool ideas and all the stuff was online.
30:16
And the professor was like, All right, cool, hey, just go check
30:18
everything online and, take your test.
30:20
But the idea of the classroom was this I could just easily see this model where
30:26
the idea starts to change, where it's no longer everyone sitting in these
30:30
giant, Rose and these stadiums, these auditoriums, just listening to an orator
30:35
speak all the time, where it's much more, all right, let's get everyone up on stage.
30:41
Let's have these conversations.
30:42
Let's all sit around these circles.
30:44
Let's sit around these internet campfire style discussion tables where we really
30:49
start addressing some of the topics of not only what are we doing, but how are
30:52
we doing, how are we doing it better?
30:54
And what is everyone trying to learn from this class?
30:57
What are we trying to do with it?
30:58
And.
30:59
Okay, great.
31:00
What is the ultimate objective of this class?
31:03
Are you trying to get a credit?
31:05
Are you trying to get a grade?
31:06
Are you trying to learn?
31:07
Are you trying to make more money?
31:08
Are you trying to better your life?
31:10
Are you going to use portions of this to become a better person?
31:13
Having these implementations of really knowing what the
31:17
students are trying to achieve.
31:20
And bring that to the forefront and just really laboring that point
31:24
home where this you pump out the best of the best in every class.
31:28
And every teacher has this kind of vision.
31:31
You now have people that can pay more for these experiences.
31:37
Where again, you're going on a three day hike and camp with your whole class
31:45
and you're now paying for that hike and you're going on this hike and now
31:49
you're outdoors and you're learning.
31:51
And if this is a science or biology.
31:53
You're there hands on.
31:55
And those are what create memories.
31:57
Anyway, people are going to remember that three day hike for their whole entire life
32:03
versus being in a room for four hours.
32:07
Those are the things that people can pay for.
32:09
Those are some experiences that as you just start understanding on the
32:12
bigger scope, all these teachers that have always told me, just like Karen,
32:17
that there needs to be some level of change because we've done the exact
32:20
same thing you did since the dark ages.
32:23
Like we have to start making these shifts.
32:27
We really need to
32:29
Dave Conley: Here's what I didn't, here's what I didn't get from episode
32:32
two with With Anya was why I like I'm I maybe I'm just the one I don't think I'm
32:39
the only one just struggling with this.
32:41
I struggled with it in our first round of school safety and school shootings
32:46
and I'm struggling with it again on this.
32:49
Is, why did it get so expensive?
32:51
Why do we have so many administrators?
32:53
Why, what is this, is this massive inflation?
32:57
I think it's easy to say the availability of easy money means
33:01
the price of it's going to go up.
33:02
And maybe that is the answer, but the UK has the same problem, and I don't
33:07
know, is it because of loans, and I don't know I'm still at the what happened?
33:11
We've heard about our parents generation where they could work full time, or
33:16
they could work a part time minimum wage job, and, More than pay for college,
33:21
Jerremy Newsome: yeah,
33:21
Dave Conley: like what happened?
33:23
Did you hear that in anybody we talked to?
33:25
Nobody had that one, right?
33:27
Jerremy Newsome: no, I don't think, I don't think overarchingly
33:30
because obviously the answer is some level of inflation, right?
33:33
Price is just extremely higher.
33:35
And that is the answer of what happened is profits went up for companies
33:40
and corporations and companies are making more money now than the Bible.
33:45
Like the, you take the richest man in the Bible and companies are
33:50
making more money than those guys.
33:51
Now.
33:52
And you just have inflation through the absolute roof because companies
33:59
are becoming more profitable and they can make more money faster.
34:02
And they therefore aren't going to really expedite the prices
34:06
of charging less because of, capitalism and we're allowing that.
34:09
And again, it's an interesting awareness because that's, that is what's occurring.
34:14
Like the amount of people that are making goo buckles of money based
34:18
off of just the interest rates.
34:20
Yes, they gargantuanly peered into.
34:22
Dave Conley: Yeah.
34:22
It's every time we know that every time there's somebody in between,
34:26
like the student and the university, everybody has to get paid money.
34:31
And This isn't all demand driven.
34:33
It's not like every student stood up and say, I want a rock wall and full
34:37
time housekeeping, Like it wasn't that.
34:40
So there are people getting filthy rich on this being broken like this.
34:45
And they clearly have influence.
34:48
Jerremy Newsome: Yes.
34:49
They do.
34:49
And I think that's the thing that at some stage needs to be
34:52
really gargantuanly peered into.
34:56
Through whatever organization or company or product or person that wants to start
35:00
understanding this more because the system is being too profitable and it's not
35:10
cared about enough where they're making too much money and I'm down for money.
35:16
I love it.
35:17
I am.
35:17
I am that guy.
35:19
I am just aware that I think there are probably certain industries slash sectors.
35:24
Where there should be some level of cappage because if you're going
35:28
to go into certain levels and certain sectors We're like, okay.
35:31
I just want to be in this for the good of the humanities I want to be in this
35:33
a good for the world All right, cool.
35:35
And if you're at the top of that heap, you're the top of that pile aka
35:38
Let's say you're the CEO of Goodwill.
35:41
All right.
35:41
Awesome if you want to be in that role You probably know that you're gonna
35:44
start topping out at a certain level And that certain level is a baseline level
35:49
because we got to feed the profits back to the people that are going through it.
35:51
We can't live off the backs of all the people that we're
35:54
putting through this machine.
35:56
And that's what we're, that's what's happening right now with college.
35:58
The college players, for example, that just, this is just starting to happen.
36:03
This has been my idea for five, six, seven years where we absolutely
36:08
should be paying our college athletes.
36:11
For sure.
36:12
Like you pay them because a lot of college sports bring in obscene
36:17
sounds, sums of money, millions and millions of dollars a year.
36:21
And you're paying these coaches to coach the kids that they get the
36:27
education for free and that's it.
36:29
They're not going to get any money.
36:30
Dave Conley: Everybody, every other student who works for
36:32
the university gets paid.
36:34
Like it's a no brainer.
36:35
Jerremy Newsome: Unbelievable, dude.
36:37
So there is a money machine.
36:39
There's a money monster somewhere out there that's never
36:42
really, truly been hunted down.
36:44
And I would love to hunt down that money monster and find out
36:47
where it is, where it's all going.
36:48
Because I think if the college requirements where you got to take your
36:53
endowment or your certain level of doubt, you have to put it into this instrument.
36:58
And this instrument is now, once it hits a certain level.
37:02
We now know that it can pay for this amount of students perpetually
37:07
for free and the staff and all the things just off of interest.
37:13
Now education does become free.
37:15
And you start, you can apply that model to enough people.
37:18
It'll work.
37:20
Dave Conley: It strikes me that there's no transparency in the model really.
37:24
Like we, we don't really know what the overhead costs are.
37:27
We don't know what tuition even is, right?
37:30
There's a there's probably a, there is a published tuition, but it's okay, how many
37:34
of this is, how much of this is loans?
37:36
How much of this is reduction in, like who actually pays the full rate and.
37:42
When you put in almost unlimited amounts of money that loans can
37:47
be taken out on, then the system's gonna grow to fill that up.
37:51
And I, this was yet another one where it's like, where does the money go?
37:57
Because it's it is so much money, and it's like, what?
38:02
Where does it go?
38:04
I,
38:04
Jerremy Newsome: Yeah.
38:05
Dave Conley: I don't know.
38:06
I it strikes me, it I, like my magic wand on this is like, why?
38:10
Maybe the student loan thing is the piece that's not really working.
38:14
So maybe it's, I don't know if money is the access problem.
38:18
If we took more money out of the system, more people might have access.
38:22
Does that make sense?
38:23
Jerremy Newsome: Yep.
38:24
It does.
38:25
It does indeed.
38:25
And I agree.
38:26
I don't think that I don't think it's an access thing right now.
38:29
Realistically.
38:30
I just think that at some level of system arbitrage and information arbitrage,
38:35
it's not being properly released and it's being a little bit too confined.
38:40
And it's not being shared openly enough, right?
38:42
To your point, there's just not a lot of information out there openly for most of
38:49
these organizations that are making so much obscene profits off of these students
38:57
that again, to that point could, if the organizations were as good as they want
39:02
to be or claim to be, Could you say on the back end, Hey, we're going to get you
39:06
great jobs, great education, pay us later off of what amount of money that you make.
39:13
Dave Conley: So here in episode two we.
39:15
I think this was the only this might be the only episode that we really
39:18
touched on the college loan forgiveness.
39:22
And I recall that's that I think most of you and maybe our
39:28
guests were like not for that.
39:30
I don't know how we all landed on it.
39:32
I'm still, I'm stuck on this in this place of, These are effectively
39:37
children and we've given them hundreds of thousands of dollars.
39:40
I, there's no chance that they would understand the consequences
39:46
of carrying a loan for 30 years and what that actually means and
39:52
getting up to your eyeballs in debt.
39:53
Look, it's just you don't know the consequences of anything.
39:57
I, it's,
39:58
Jerremy Newsome: I think that's a going forward thing though, versus going
40:00
backwards, meaning imagine right now, every single person you go, Oh, you,
40:05
every person that got a tattoo in the last four years, they didn't really mean
40:09
to, we'll pay to get it removed versus, Hey, don't get tattoos on your face.
40:15
Until you're much, much older life.
40:17
And you're realizing that's really where you want to put it.
40:19
Okay.
40:19
Go for
40:20
Dave Conley: How did you know what I was doing for my birthday?
40:22
A face tattoo.
40:23
Jerremy Newsome: Don't get a horse tattoo on your forehead.
40:27
But when you're 18, you're like, Oh my gosh,
40:29
Place to put a horse tattoo than my face.
40:32
No, I think it's a thing of this going forward, meaning that if someone is
40:35
already in student debt, I do not believe at any point in time the
40:40
taxpayer should say, Hey, sorry, bye.
40:44
All that money is gone.
40:45
We got your back.
40:47
I don't believe that is the solution at all.
40:50
Do I think that student loans could be included in bankruptcy?
40:57
Yeah, I do.
40:57
I think that's a possibility because believe it or not, I don't currently not
41:03
reading any statistic, believe that most Bankruptcy comes from student loans.
41:09
I'm sure that there is a factor of that, but most bankruptcies happen because
41:14
of too much consumer debt and too much medical debt and not enough income.
41:19
And so it's a blend generally of those three.
41:21
Now, do those people that file bankruptcy also have student loans?
41:26
Maybe not.
41:26
I'm sure we can do that research in a different point.
41:28
But what I'm getting at is, If in that small subsection of people, we also
41:33
include student loans, whatever, right?
41:36
We already have bankruptcy now and bankruptcy can remove all
41:40
kinds of debt that you don't like.
41:42
And so if student loans is added to that, is that going to dramatically increase
41:48
the amount of bankruptcies in the country?
41:49
I don't think so, believe it or not.
41:51
I really don't think that's going to even cause a noticeable
41:53
or marginal impact whatsoever.
41:54
But to the point that, Going forward, you make student loans extremely
42:02
hard to get and not profitable not obscenely profitable for these
42:09
companies that are issuing them.
42:12
These 30 year like you don't make, you don't need to make that type of money.
42:16
And not only do you not need to make that type of money off of kids.
42:21
Or very young adults But you should also make it much harder to access
42:27
Meaning there needs to be full on full fledged If you're going to get
42:31
a business loan Like I said earlier allow business loans to be as easy as
42:36
student loans are now or make them both equally as hard One of the two, right?
42:42
Either make it allow where I can go get a business loan.
42:44
And if I absolutely fail and good on me.
42:46
I tried my best or make them as so one of the two, right?
42:51
Make them super easy or super hard, but either one don't take one away
42:54
from the other and not the other.
42:56
I think that kids should have the ability to get student loans.
42:59
Or business loans, and if they can get either one, they need to do the exact
43:04
same diligence to get either one, and that would dramatically reduce the amount
43:10
of student loans have to be filled out and get approved for if someone has
43:14
to go through even remotely rigorous process just to get approved for one.
43:20
Dave Conley: I like that.
43:22
Hey, help me re, let's see if you remember this.
43:26
I know.
43:26
It came up and I'm sure our listeners will probably remind me what it
43:29
is, but my understanding, maybe it was talking to Anya, was that.
43:35
Most of the student loan debt is owned by the United States
43:39
government and that the U.
43:41
S. government pays service providers to manage those debts with the
43:48
students, or with the former students, with the, with the students.
43:52
They are the ones that actually go in and collect and manage it.
43:54
And I'm like, why?
43:55
Like this is like an accounting thing.
43:58
This is a spreadsheet and an online payment portal, which the government
44:01
has plenty of if you've paid your taxes.
44:04
So why are there third parties involved?
44:06
Because they have to get paid.
44:07
They're not doing it for free.
44:10
So there was a piece in there, but my question for you, because
44:12
money better than anybody I know, why is their interest charged?
44:17
If it's government money that's already been spent, it's already
44:21
gone to the universities the service has already been provided, why
44:26
would we charge any money for it?
44:27
Why isn't it a zero interest?
44:28
Besides being dischargeable, which I'm, I agree.
44:31
It should be at least dischargeable when everything goes wrong.
44:36
Why are we charging any interest on this?
44:38
Jerremy Newsome: Yeah, exactly.
44:40
I think,
44:40
Dave Conley: it's an accounting, like it's already been spent.
44:43
It's who cares?
44:44
Jerremy Newsome: Yeah, or we make it to the point where it also is.
44:47
That's right.
44:48
Where's like, all right, we make it that way where it's it's already accounted for.
44:52
It's already some type of financial budget that the government
44:55
plans to spend regardless.
44:58
I think.
44:59
In that situation, man, the charging of the interest.
45:01
I know why we're doing it.
45:04
Why are we doing it?
45:06
It's a better what are you doing?
45:09
I think having it where the structured systematized.
45:14
approach that we do not make as a country profits off of kids going to school
45:23
would change dramatically how this school is structured in this country.
45:31
And right now, I think one of, when we were talking about the federal
45:37
budget and deficit and loans and all that stuff, one of the words
45:40
that came up a bunch was value.
45:43
What does this country Value and right now this country.
45:50
It's number one value is Profits, that's our value.
45:55
Like how much can we?
45:58
Profit in any given situation and that whole interest portion is obvious of
46:06
that because these institutions and these governments and these loans
46:10
They're all packaged together so that everyone's winning except for the kids.
46:16
Everyone's winning except for the end customer.
46:19
And it's not if you went out and asked, I'm sure out of a hundred,
46:25
90 percent of these kids would be like, no, I'm not happy with this.
46:31
No I feel like I'm overpaying for what I got.
46:34
I feel like I'm undervalued for what I am attempting to pay for every single month.
46:39
I don't think that they're going to feel like this is an
46:41
equitable decision whatsoever.
46:43
I didn't write book and my company paid for it.
46:47
Like when I got my degree, I had 0 in debt and I was like, I just spent
46:54
three years working 60 hours a week.
46:58
Plus my college time, I was put in 100 hour weeks easy just between
47:04
work and school, but to that point, it's like at the end of that degree,
47:09
remember Nationwide paid for my degree and shout outs to Nationwide.
47:12
I've always said good things about this company.
47:15
They not only paid for the degree, when I got finished, I expected a raise because
47:23
they're the ones that paid for it.
47:25
And so you think that they would go, okay, now go work even harder, right?
47:31
So give me more things to do and pay me more for doing those things.
47:35
Neither one of those things happened.
47:37
I didn't get more roles and responsibilities.
47:41
Okay, cool.
47:41
Now you're the customer service manager versus the whatever you were before.
47:45
I didn't get any more roles or responsibilities proving to them
47:48
that I'm a good customer of their, loan tuition program, whatever.
47:53
Mind blowing to me.
47:54
Mind blowing.
47:56
Dave Conley: that, that does feel a little bit like a disconnect, but cool.
48:00
You think at the end of this would be like happy graduation.
48:03
You've learned quite a bit.
48:04
That's fantastic.
48:05
Now you're on a, now you're on a, some sort of track, right?
48:09
Jerremy Newsome: Something,
48:10
Dave Conley: Yeah.
48:10
Some something or bonus or I don't know.
48:12
It seems
48:13
Jerremy Newsome: even if the exactly, even if they don't pay
48:15
me more, but they work me harder, I would have expected something.
48:18
I don't know what I would expect.
48:19
And so some shift in the universe for getting a degree.
48:23
And so that's what I mean when I tell people, listen, the ability for you
48:27
to go out and actually get a degree that single handedly changes how much
48:34
money you make that the percentage.
48:39
Is less than 3%.
48:42
It's less than 3%.
48:43
It's for, it's a single handedly make that shift of, Oh, I have a degree.
48:46
Now I immediately make more.
48:48
Got it.
48:48
Because a lot of things you can do, the things you can do apprenticeship in
48:52
and make as much, if not more is 97%.
48:56
It's a huge statistically insanely high number.
49:00
Yeah, man.
49:00
Is college worth it?
49:02
I think is the question of questions for so many kids.
49:06
And I continually find overwhelmingly the vast majority of time the answer is no.
49:12
The answer is no, it's not worth it.
49:14
And you can get the same degree, you can get the same return, you can get
49:18
the same experience, you can get the same knowledge for far less money.
49:23
For far less time.
49:26
Dave Conley: That, that's exactly like our third episode, right?
49:29
We came in with this with Kyle and Karen.
49:32
Kyle's very much AI and YouTube University and boot camps and
49:36
it's I don't, wave you off.
49:39
And then Karen was like, yeah, I like that.
49:42
And where, the rubber actually meets the route is working with industry
49:47
and shifting what we're doing.
49:49
And then she said something that really clicked with me that finally brought
49:53
everything home for me is that school still is absolutely critical for critical
50:02
thinking, learning, adaptability.
50:05
Innovation, like those are going to happen inside your schools if
50:11
the school is doing that work.
50:14
Otherwise, you're going to get the same that you've gotten for a thousand years.
50:18
But if the school has got their stuff together, they're doing the
50:21
micro credentials, they're doing the certifications, they're doing
50:24
the public private partnerships, they're working, they have the
50:28
success coaches and they are bringing critical thinking, innovative skills.
50:33
Rock stars that graduate and not just pumping out another college degree.
50:40
Jerremy Newsome: Yep.
50:41
Yep.
50:42
And it's the fear that we have too many kids and not enough jobs,
50:45
but man, just wait until AI hits.
50:47
That's the whole buddy, because if you think there's an education
50:52
problem now, Dave, Oh my gosh.
50:56
So that's the thing is we need to start fixing this ASAP because if there
51:00
is one problem that we need to fix.
51:04
To Karen's point, it is critical thinking.
51:06
We got to teach these kids immediately how to begin to truly think critically,
51:12
how to think differently and to distinguish how many ways you can use pin
51:20
You got one pin, you give a kid a pin hey, tell me the five
51:23
things you can do with this.
51:24
They're going to have a hard time coming up more than two.
51:27
And just these really basic mental exercises of knowing how to critically
51:33
think and knowing what critical thinking is and why it needs to be used because
51:36
dude, AI is coming for all these jobs.
51:39
All of them
51:40
Dave Conley: About
51:41
Jerremy Newsome: centers, fully AI, accounting, AI, like graphic
51:49
design, AI video editing, AI, podcasts, AI, auto engineering,
51:54
AI, it's coming for everything.
51:59
And robotics is just as bad.
52:02
So really think that the critical thinking component of a hundred
52:06
percent of the workforce right now.
52:09
80 percent's gonna be displaced within five years.
52:12
The 20% that are not displaced, they're gonna make 80, 80 times
52:17
more revenue, 80 times more revenue.
52:20
The 20% that do not get replaced will make 80, 80 times more revenue.
52:24
And the 80%, 80% of the current United States workforce are gonna
52:29
be fully gone in five years, and they're gonna have to find entirely
52:35
new service roles, job roles, and.
52:38
If that doesn't scare at least a whole ginormous swath of our listeners, just
52:43
please know that it is coming our way and we got to start helping these,
52:48
not only our kids, but the future of our futures, how to navigate this tide
52:54
shift, because it doesn't mean that humans will become inane and vapid.
52:58
What it does mean is that we now have the ability to create brand new
53:04
school systems, to create brand new emotional intelligence because now
53:09
you're going to have intelligence will be the cheapest commodity, right?
53:13
That's what AI is artificial intelligence.
53:15
So intelligence is going to be meaningless, but having intuition,
53:20
having the ability to meditate, having the ability to emotionally Regulate
53:26
and have incredible depth and emotional conversations that are beautiful and
53:30
verbose and just full of juxtapositions and deliberately, delightfully delectable
53:36
conversations that are really exposing how people are feeling about things and
53:40
shifting and tweaking and adjusting.
53:43
That's what AI is not going to be able to do.
53:45
So we need to start.
53:46
Realizing that we're going to be bringing back the arts in a huge way.
53:52
We're going to start bringing back physical exercise and PE in a huge
53:56
way because we're going to become even more sedentary as a society.
54:01
Now you're going to have robots and machines doing everything for you.
54:06
So this is going to have to start happening soon.
54:08
I think people aren't prepared for how fast it's going to occur.
54:12
Dave Conley: Oh, yeah.
54:14
Future episode right there.
54:15
Another future episode.
54:17
Jerremy Newsome: Yeah our listeners want a bunch, man.
54:19
So we're going to give them a bunch.
54:22
Dave Conley: Let's let's wrap this up.
54:23
Let's if you're advising your 18 year old self today, what would you.
54:30
What would you be telling a young Jeremy Alexander Newsome in 2025?
54:38
Jerremy Newsome: I was really presently I was pleasantly surprised with my overall
54:45
educational output, because for everyone who's listening, if you are 18, 19, find
54:51
a job that you work in now that could.
54:57
Either a directly pay for your college or be indirectly pays for it directly meaning
55:02
Partion a portion of your paycheck.
55:04
They literally just you have to upload their grades and there's a portal and they
55:08
pay for it Like amazing if you work for a company that pays for your schooling.
55:12
Yes, please And twice do that work as hard as you possibly can for that
55:17
company If it's indirectly, which is just a good old fashion You take a
55:21
paycheck and portion of that paycheck goes towards your college expenses.
55:24
Yes, and yes get a job first A job is more important than education because
55:30
in the job, you will learn what you need to be educated for, right?
55:34
What portions of your education is lacking, what you need to fill in
55:37
the holes for, get that job first.
55:40
Once you have that job, then go and get that education.
55:43
And before you get the education, before you even go down the route of
55:47
education, spend an hour or two with yourself daily for a couple of weeks.
55:52
Asking yourself, why am I going to college?
55:55
What is the outcome?
55:57
If the only main outcome is, I want to make more money.
56:03
Or I want to help more people do not go to college It is a waste of your time.
56:09
It is a waste of your energy It is a waste of your resources because the
56:13
truth is if you get into a position and we're talking about the Extremely
56:18
rare position that you need to get a job that actually Is based on merit of
56:26
a degree can go get one at that time
56:30
So if in seven eight years Your boss is saying oh you want to get promoted to
56:38
Shift supervisor and you're going to go from 25 an hour to 33 an hour And the
56:43
only way you can get that promotion is you now have to get a degree guess what
56:47
now, you know exactly what type of degree to get The company will probably pay for
56:52
it and now you have an exact reason to go because you now have a job and you're
56:56
going to be able to get that degree even faster because it's extremely clear and
57:00
you have intention with what you're doing.
57:02
That's going to give you a massive distinction.
57:05
And for the jobs that need a degree right out of college that you probably
57:11
can't get into, They're going to require work experience first,
57:15
and they're going to require work experience over a college degree.
57:18
The companies that need both college degree and work experience.
57:23
Go find another one.
57:24
There's another one that will not because ultimately you go find another job.
57:28
It goes, listen, I don't really care what degree you have.
57:31
Do you get the results done?
57:33
Because I know enough CEOs and so do you, Dave.
57:35
I know enough of the people that are actually hiring.
57:37
I have met with, consulted with, coached with enough individuals now at this point.
57:45
That I am fully convinced that I know thousands of people that are the
57:49
job decision makers of their company that will assign the paychecks of the
57:57
person working that would rather have them have job experience and life
58:01
experience versus school experience.
58:03
And that is across the board.
58:06
You can easily get a job that pays extremely well, that
58:09
provides for your family.
58:10
That allows you to put food on the table and buy assets over time and
58:15
allows you to really put in a foothold into this country so that you can
58:19
have that dream that we were all sold.
58:22
That dream is bought by hard work, by dedication, and by spending less than
58:28
you make and taking your difference between what you spend and what you make.
58:32
And investing it into assets, wealth and financial freedom
58:35
as a second grade math formula.
58:37
So everything above second grade math, you do not need in
58:40
order to have financial freedom.
58:42
Dave Conley: you just spiked the football.
58:43
I think everybody should print out the transcript over the last few minutes
58:46
and hand it to every 18 year old.
58:49
Jerremy Newsome: Yes.
58:51
That's it, baby.
58:52
Bring it out and give it to them
58:54
Dave Conley: Excellent.
58:55
Jerremy Newsome: Well, family.
58:56
Here are some truths for every single person listening that if you want
59:02
education and you want intelligence and you want wisdom, those three
59:07
components of a brighter future probably are and should be free.
59:12
If you have access to the internet, you have access to income.
59:17
Ladies and gentlemen, listen to what I'm saying.
59:19
It is available for you.
59:20
It is available at your fingertips.
59:22
It is available at the end of your nose at the beginning of your eyes.
59:26
This is simple and it is available to every single person that
59:29
has access to the electricity.
59:33
When you have the ability to tap into all the intelligence and information and
59:38
wisdom that is available in this country, it is the implementation of that knowledge
59:44
that will lead you to the path of growth.
59:48
and actual true impact.
59:50
Every single person listening to this wants to provide more, make more, earn
59:55
more, be worth more, and give more.
59:58
You all want that more in your life.
1:00:01
So each one of those is the requirement of you stepping up and saying, I want
1:00:06
to be a better version of myself.
1:00:08
What does the best version of myself need to do?
1:00:11
Need to think need to believe need to act on and need to contribute so
1:00:17
that you can be a portion Of each one of those five subsets of the greatest
1:00:21
version of yourself It is simple, but it is simpler not to wealth and
1:00:27
impact are easy They are easier not to we have the ability to shift this
1:00:33
country And to make massive, incredible, amazing transformational change.
1:00:39
But it's all going to start with every single one of these listeners
1:00:43
getting together, going down the path of educational change, educational
1:00:47
transformation, educational reform.
1:00:50
And as we do that, we will inspire the generations in the future of this
1:00:53
country to become world leaders, to become thought leaders, to become
1:00:58
emotional savants, and to be fully aware.
1:01:02
That we all have the ability and capacity and capability to be
1:01:06
more and to love more through our actions and through our thoughts.
1:01:09
But that will not happen until we start making humongous changes in the
1:01:13
educational system of this great country.
1:01:16
Thank you so much for listening.
1:01:17
We will continue to go down this path.
1:01:19
We will continue to solve America's problems.
1:01:23
This has been another episode.
1:01:24
Thank you so much for listening.