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Seven Reasons Not to Send Your Kids to College

Written By: James Altucher  |  Posted: Monday, September 13th, 2010

Imagine a retirement where you could have an extra $1million to $3 million in the bank with basically no effort. Now imagine telling your kids that you aren't going to send them to college. And, you go on, you want them to immediately start a business or get to work as soon as they finish high school.

These are difficult things to imagine because we've been so scammed by the "career industry" that tells us we need college degrees in order to succeed in life, regardless of how much money we spend for those degrees or what we actually do with our lives during the four to eight years it takes us to get those degrees. But in my view, the entire college degree industry is a scam, a self-perpetuating Ponzi scheme that needs to stop right now.

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