Jordan Belfort: Thinking You Have to Go to College to be Rich is Utter F***ing Nonsense (Part 16) 

I agree 1000% with Belfort on the college take! My 3 best friends have college degrees and God knows how much student loan debt... I have 0 student loan debt & no college degree and make 2-3 times more... We need to push trade schools on kids who don't fit the 'college' mold

He is correct and I have three degrees. College was necessary, thirty years ago, for the average person to make a decent living. That is no longer the case today. Now college is only necessary for those that are pursuing professional careers as he described.

i’m not the biggest fan of jordan’s demeanor but damn he spits straight facts. also im sure that demeanor comes from asserting your dominance in the financial world for so many years, just gotta be a little rugged. cool dude, hopefully he comes back to vlad to tell some of the side stories

That analogy was horrible 😂

He’s right, I have a bachelors and only make $70k. I know a few high school dropouts who are millionaires

College may not be a useful thing SOMETIMES but you definitely learn from it.

Jordan is right! Unless you plan on going into one of maybe 8 fields you don’t need to go to college.

I have 4 college degrees and couldn’t agree more. It helps in some cases but most people don’t even do what they went to school for.

Jordan Belford is smart af his ability to adapt info to currency times is amazing he put vlad in his place 😂😂

College is really needed for Med, law, engineering, etc. everything is college is more important for the connections of people you meet during those years.

what he's speaking is straight facts. my sister got her bachelor's degree and went out and got a job in her field making "decent" loot, only to leave that job and get a job that only required a high school diploma and she makes double what she would make working in what she got her degree for. those stats are old asf. i never thought one second about going to college and have multiple properties i own and have been very successful. you dont need college at all to be successful, especially now.

It’s never about what you know it’s about who you know.

Shit my cousin has 100,000 in student loans and he’s not doing what he went to school for.

All facts. Jus needa work hard and persevere

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This one size fits all stuff is dumb. Walk your own path, focus on your own strengths and you’ll find what’s best for you.

Both are right.. College isn't for everyone but it is for some. Im an Engineer and finished college debt free. I was the first graduate in my family and that was the best decision I've made personally. The problem is those thinking they absolutely need college and get bs degrees racking up debt just to say they went to college.

College can still give you good connections

You don't need college. It depends on the person and what they are doing. A successful billionaire will make it one way or another because of who they are.

There are people out there who's lives make both points. Its up to the individual to make smart decisions.

I have a BA in Social Science. My degree was during my late teens early twenties. Everything I learned that made me successful was after College. I'm also taking the Straight Line course currently. This course is better than any class or certificate I've ever taken.

Him talking over Vlad is great!!!!

Vlad, your computer science degree may have helped you with your business but in 2022 there are people that learn to code without a college degree on their own , there are bootcamps now a days taught by schools for a fraction of that a 4 year bachelors degree , which supports the idea that college is not needed to be successful which is what Jordan argues.

100% agree with Jordan! The jig is up. Unless you are going to college to study STEM majors, it is a total scam. The amount of people with degrees who are unable to find jobs so they must work for minimum wage while drowning in student loan debt is ridiculous.

Finally someone said it out loud to the public

I definitely agree with him. I’m finishing college now and it’s okay if I need to find a job I’ll make a certain base. But I want to do my own thing. I think college was useful but it comes at a price I have to pay back for it to even be profitable.

I work at Walmart and a bunch of the people have degrees. One even used to develop video games

I agree with Jordan !

my mom was in a car accident, didn't have a seatbelt on she was 1 of the 2 of 5 that lived, the 3 that didn't make it, weren't lucky enough to get thrown form the vehicle and died bad analogy Vlad

Hes speaking facts

Leo? Steve-O would play Jordan Belfort perfectly lmao

I believe what Jordan is saying but at the same time I’ve seen lots of jobs postings asking for the person to have any bachelors or masters and it does change the perspective people have of you. But then I also have friends with no college who make way more than I do.

All he saying is college is not the end all be all, you can be highly successful and rich either way

He tried to act like Jordan didn’t go to college. Lol

Employer sponsored my engineering degree and I did it while working, so no debt luckily. Anybody in the UK can call themselves an engineer in the UK, so apprenticeships and degrees hold limited value on your CV. Apprenticeships are massively valuable for practical skills, and degree apprenticeships offer the best of both worlds.

It's not complicated. If you're going to go to college, assess the ROI. Make sure you pursue a degree that opens doors for you in a high demand field. It's also a major plus, and an extra layer of marketability, if the skills you acquire in that highly in-demand field are transferable to other fields. On average, any college educated person who applies this approach earn significantly more income over a lifetime of working than a non-college educated person. The problem is, you have too many people today willingly pursuing useless degrees and then calling college a "scam"..lol. No, you're just unprepared and lack rational decision-making skills, because your parents and public schooling failed you.

I dropped out my senior year of high school . And now im making millions! Way more than my lousy teachers

In the 70's yes now it's just for networking I guess 🤷‍♂️

I like how vlad always thinks he's the gold standard.

You should see how much these schools charge BESIDES tuition… you need to pay for EVERYTHING.

Cash me outside girl made $52 million last year.... College isn't necessary to become rich in the US. That's an extreme example but still relevant to the video

Vlad, Jordan’s right. You should’ve let him have this one.

I went to college for liberal arts, I did not graduate. I own a successful 5m a year and growing construction company, a real estate development company as well as personal multi family investments. College isn't necessary. Hustle, drive, hard work is what's needed combined with the most valuable type of "smarts" which is common sense.

Thinking that getting rich is the reason for going to College is utter nonsense.

Jordan Belfort fact's 💯 about college that part

I agree with Peter about the college thing. Now some of the big companies will give you specific training and you don’t need a college degree.

True... unless its a professional degree, college is a waste of money.

I double majored in finance and accounting and minored in economics. I went and got an mba as opposed to a masters in acct or finance. I can say all were very useful way beyond professional career.

Do you want to be a Doctor, Dentist, Lawyer, Aerospace Engineer etc? Go to College. If you want to earn money/be happy/be content, work hard in whichever profession you enter, you’ll be fine.

Glad the Flawless

Vlad quoting stats from 20+ years ago 🤣🤣🤣🤣🤣🤣🤣🤣 I completely agree with Jordan tell that to people who are living in homeless shelters in debt of $100k a degree is worth it no it's not as someone who got a degree I'm the first to say it's useless you don't need a degree to make money

Dude shuts vlad down on everything!!! I love it

THAT WHAT THE HELL IS VLAD TALKING ABOUT 😂😂

Totally agree with Jordan here.. I know hundreds of people stuck in debt making shit money meanwhile many other friends (including myself) working the trades and living happy and comfortably.

Those people who have college degrees where going to earn more regardless if they graduated college or not. That static is so misleading because people with ambition where told they had to get a college degree so they did but the college did not install that ambition in them.

I’ve never heard anybody say this, ever. I swear people make up things just to have something to say. Next.

he is 100% correct...

I have a degree and my job has nothing to do with it. It did help me to get a work visa overseas though

Not one single person mentioned trade schools to me in high school. It was college or work at the local supermarket in the eyes of my high school. But that’s the American urban community for you.

College isn’t a scam it’s another option depending on your goals

Here's the thing about going to college, the student and parents, and or family should all do their investigation and research about what careers that student should go into. How that career works and actually pays and is structured, yes all of the quote unquote research that the college provides about the courses offered will make each field of study look attractive and lucrative, but unfortunately that's not how those jobs often really work. Often there's a real lack of those great jobs that they say exist on paper, often times I think that's ONLY where those jobs exist is on paper. I see to many college grads with degrees in many different fields with no careers in THOSE fields they attended college for. Only to often to end up in a career they didn't need college to obtain. Here's my story of how I went about my career and my brother and sister in-law experiences with college and their chosen careers. I went to trade school at age 21 for truck driving, got my CDL at age 22 and begin working as a school bus driver, which I did for 20 years now. I worked for a privatized school bus company for 3 years, and 17 years for a public school district. I loved the independence of the job, the kids, and my co-workers at this job (my work experience actually reminded me of Abbott Elementary) . I worked 40+ hours on paper with plenty of overtime, but in reality I only worked about 33 to 35 hours a week because of how our union and contract was structured I got paid like I was working more hours than I actually did. I was paid $25 an hour since around 2006 until I left, and only really worked about 10 months a year and made around $40k to $45 a year there, rarely did I not have a side part time job during those years, which allowed me to make $50k a year easily. Only about 3 off years during those 17 years I worked there did I make less then $40k per year working at the public school job. I left there now, but with a pension valued at six figures , I was paid a 5 figure lump sum on that pension, and will receive $4200 a year for the rest of my life from that pension. I'm only in my early forties right now. Also this pension, can be passed on, if I die then my wife will receive this $4200 for the rest of her life also. I basically never was hurting financially while working this career for twenty some years, and it allowed me to now look into other possibilities as far as a career goes. I'm not gonna make it seem like there wasn't any down sides, because when our contracts were up they changed allot of our perks and of course our pay structure was changed. That along with new management came in and restructured how we were paid all together. Now no one can really get overtime, which is really how you got paid doing that kind of job, and the overtime made it worth while. Hence why I believe theres a massive shortage of school bus drivers across the country, to underpaid and under valued. They simply don't want to pay us now for what we do. Now I have one half brother (half brother through my father) who is only 2 months younger then me (yes my father was doing to much). This brother went to school for film, and his wife (my sister in-law I mentioned before) went to college for pottery,... Yes POTTERY. They got married at age 21 and had a kid at that age, also a son later on. They struggled during their twenties, and thirties to get their mentioned degrees, often being backed up in their rent. Being evicted, getting utilities cut off and just going through it. They couldn't find anything with just a bachelor's degree in their fields, so they went for a master's degree. They finally obtained them, my sister in-law was in her late thirties when she got hers, and my brother was about forty when he received his. They still were struggling just to get those degrees even in their 30's because they couldn't find work in their fields and often worked odd jobs like they didn't have a degree. Just a few years ago while trying to get his master's my brother was literally homeless sleeping on people's couches while trying to attend school out of state of where, his wife and family were living at the time. Now a few years later they both have 2 great sounding jobs but the pay, IDK. My brother has worked on the HBO series The Mare Of Easttown, he was a locations assistant. Meaning he helped scout filming locations, and obtain filming permits to shoot at those locations. While my sister-in-law is a professor at UCLA for pottery. Again both of these jobs sound really impressive and great, but they're both temporary jobs. Most professor jobs are on a semester to semester basis, my sister-in-law has signed a contract for a certain amount of semesters. But it's not a long term job or career especially in her chosen field. There's just not a demand for a pottery professor out there, it's more of a specialty job. While my brother has to scurry to find a job once his job is complete. It's a constant hustle with their chosen careers to find employment. Plus the pay isn't that great, my brother received $40k for working on that HBO series, he often worked 60 plus hours and was salaried. While my sister-in-law makes around $67k a year as a professor, but they now live in Calabasas CA which is very expensive. And they rent a 2 bedroom apartment for around $3000 a month, that's a very small apartment, that and the overall cost of California and the temporary jobs, make me wonder was the degrees worth it ?? They have no savings, no home, and most homes out there are in the millions as far as cost goes. But this is where they have to live for my brother to find work in his field. So again college isn't bad, but without a plan and research on the field your expecting to go into, it can be a very expensive mistake. And oh by the way, they still owe allot on their college loans. My little trade school loan was paid off in a few years.

i think Jordan is 100% correct. You see all type of people becoming millionaires today. Especially in this Internet age. Like Jordan said if you want to get into a certain specific field yes you probably need to go to college. Otherwise you're probably wasting your money. Personally i think if you just find a trade that you love to do and invest your money wisely you can live a very comfortable life

Glad just proved Jordan’s point in the first minute of this portion…

True

He really just described finessing

Only a handful of people I know who went to college is happy. The rest dropped out with debt or graduated with extreme debt. The fact that the first two years is basics which is what you did for 12 years already screams scam BUT as long as the education system keeps changing the way to work problems and new ways of doings things then they're always have their excuses.

This guy needs to go on Joe Rogan

I agree with Belford, you don’t need college to be successful

That car accident analogy was horrible vlad I still love you tho lol

College is great if your parents can afford it. Luckily my parents could afford it, I loved college.

I got lost when he started talking about a car accident.

For those of you with multiple college degrees. Did you guys even stop and critically think about the financial & emotional burden going back to school to get another degree May cause? Not trying to be a dick here but why complain about the financial aspect if you guys didn’t have the money to pay it back to begin with. College got too accessible for everyone and salaries went down bc of the same reason.

You go to college to get a career in certain fields, not to become rich. Yes you can become rich being a doctor or pharmacist or whatever, but road to riches has many paths and only some of them are through the universities.

Jordan is correct

I agree with Belfort. I went to college and it is not like it was 30 yrs ago.

Talking out ya ass. Go to school kids. Stop being fools. I know school sucks but anything worth having is not easy. Each yr that goes by you are getting older and older it'll be difficult to go back than when you were younger. College is an investment in yourself and nobody can take that away from you.

Oooooh glad ever body gone see his tru miss I youstbe rich now I have glad tv

When people say "fair enough", they secretly mean they lost the debate without admitting it because their too embarrassed 🙄

If JB thinks that about college, he has to really hate the financial industry.

People today go to college too early, they before they discover who they are, or meant to do. That's why some study biology, because their friends are in the same classes like hs

"magic"

Damn he destroyed vlad 😂💯

The only people who would think this are entitled mfrs who live in middle and upper class families how the fuck is someone with low income and no education going to be “rich”? U go to college get a fucking degree get a job THEN invest THAT money into what you want to do. Simple. I hate when people say “I never got a job in my field” well that’s your fault there are millions who did find a job

Lol he’s right they teach you how to be poor “ Vlad so mad 😹😹🇺🇸🦆

Lmao that seatbelt analogy was terrible

Call it what you want. It could definitely be useful in certain fields but it’s also a big scam to have you in debt

Vlad tried to do an analogy 🙄 lol 😆

Vlad got a fucking science comp degree ???????? Crazy 😭😭

College becomes worth less and less year after year. You can get any information online, you can literally find Harvard or mit classes on RU-vid right now. It’s good to have the degree for the prestige of it but if you are going to turn a profit from the information you are getting you don’t need the college for it

Jordan is right, Vlad is arguing just because he went to college, he could've hired a student to create his websites etc. Kids today don't need college to make a million and it's great for the following generations.

Going to college is very important But what's more important is picking the right degree And that's all he's saying he said that but Vlad couldn't hear it Don't get a degree in something until you research how much they pay

I don't think the richest dropped out. Some of the richest did but not the most.

College should be free because it cost way too much

Vlad totally lost this debate/argument 😂and I’m indifferent. The seat belt analogy blew it for me. 🤣So people should sign up for school and debt “just in case” even if in the end they don’t use the degree.

Most folks now these days who have these so called degrees that they don't use most of the times, end up paying and owning more to student loans and working at these so call Careers which we all know it's a dead on dead office job

Wolf of Wall Street making fucking beats now with Vlod

agree to disagree...

THINK ABOUT IT VLAD PEOPLE ARE BECOMING RICH FROM CRYPTO AND NFTS AND I BET HALF NEVER WENT TO COLLEGE YOUR IDEOLOGY IS OLD BRO!

Vlad/Jordan Belford, i think Jordan Belford is tight. We do not need post secondary education to succeed in life.....HOWEVER, in today's day and age the system "work life" is programmed so if you HAVE post secondary education......you do alot better financially. It's only becuase the government set up the system yo be that way.......otherwise, no, you don't need it.

Everyone I know who got money before 60 was an entrepreneur.