I got to thinking about what I would do differently if I could go back in time. Would I go to college or learn a trade?
Forget college learn a trade
In this video a business owner talks about his business and how he’s having trouble finding good employees to work for his construction company. This leads him to share information about college and trade school where he makes some very interesting points.
There seems to be no shortage of college graduates with little or no work and choosing trade school over college might be a better option if you’re looking to retire early. Yes, you might be able to earn more with a bachelor’s degree however a trade school degree might lead you to a comfortable retirement earlier.
If you google trade school vs college the “trade school” revival is apparent. But it makes sense because there will always be a demand for the trades and it’s not something that is easier outsourced. You also often paid to learn as an apprentice so you get paid and you get to go to trade school at the same time which is great.
Many people often challenge trade school by saying your career will be too much labor and hard work and that the trades often earn around on average $11,000 less per year than someones with a bachelor’s degree.
But here’s the thing, most bachelor’s degrees cost so much money that the students end up paying off the student debt over a longer period (around 12 years on average) of time and in the end the trade school student might actually end up making more.
And within the trades you don’t need to start a business or go out and hire 10 employees to become successful. In his area average service calls are around $75 to $200 an hour but make sure to account for all the other expenses involved, however it’s still very lucrative.
“If you’re young and financial freedom is on the top of your list of priorities, forget college and learn a trade”