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Patrick Bet-David - Drop Out And Get Schooled

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Patrick Bet-David Drop Out And Get Schooled
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Entrepreneur Education Series

Drop Out
And Get Schooled

The Case For Thinking Twice About College

Patrick Bet-David

With

Thomas N. Ellsworth

FIRST EDITION

Copyright 2017 Patrick Bet-David and Thomas N. Ellsworth

All rights reserved.

Published in the United States by Valuetainment Publishing

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any way by any means; electronic, mechanical, photocopy, recording or otherwise without the prior permission of the copyright holder, except as provided by USA copyright law.

Quotes by current or historical public figures and the descriptions of their lives and acts were taken from public sources assumed to be credible and vetted as much as possible. The authors make no absolute claims as to their accuracy.

Individual excerpts of 50 words or less for inclusion in commercial book reviews is permissible.

Print
ISBN: 978-0-9974410-2-4

eBook
ISBN: 978-0-9974410-4-8

DEDICATION

To all the entrepreneurs who had the courage
to drop out of college and get schooled on their own.

CONTENTS

ACKNOWLEDGMENTS

The tradition of including acknowledgments is long and distinguished. It does seem, however, a bit redundant to continually tip the hat to those who exhibit patience and tolerance on a daily basis, even as new projects, such as this book, come to life.

Ill do it this way: You know who you are and your work and support are appreciated more than you can possibly know.

Id also like to acknowledge the people who sent supportive emails and made positive comments on social media about this topic. Many of you made fantastic points that you may see reflected in some way within this book. Thank you for stating your case.

Thank you also to those who wrote me in defense of college and were critical of my position. More than one of you pointed out that the average salary for Ph.D.s, MBAs and bachelors degree recipients was several times higher, on average than those who did not attend college. As you will read in the following chapters, my question is not if college works it does but for whom. I believe the current system is, in many ways, broken, and the concept of education comprises a broader continuum. I am an autodidact, that is, I am predominantly self-taught.

My sincere hope is that this book creates a debate that leads to discussions at kitchen tables and positive encouragement for those who find themselves learning outside of the normal or traditional system. Too many students drop out of school with overwhelming student loan debt while others find work in a profession that doesnt utilize their degree. Tell me again, how is that good?

Lastly a big thank you to all the researchers and reporters who assembled the reports and articles cited in this book. That should cover everyone. Thanks to all!

INTRODUCTION

The purpose of this book is NOT to declare that higher education is a terrible thing. Its absolutely not. BUT, learning can and does take place in many forms. I've read 1,200 books in the last 15 years and understand firsthand that you CAN educate yourself. Many entrepreneurs do so and go on to make a very real impact in their part of an industry sector, or a massive impact that changes the world itself.

There are important professions that require a formal education such as medicine. I praise God for the skilled cardiologists that attended whatever university that would have them and studied under whichever faculty that trained them to perform miraculous heart procedures such as the one that saved my dads life. There is no debate that a college education is vital to certain specialized professions, particularly those in science and medicine. Also, I join my fellow Americans who certainly dont want a self-taught nuclear physicist building a new bomb for the military, especially if the lab is in our town. Those professions require not only a college education but sufficient time to sober-up following the college experience itself.

But is a trip to college vital to ALL professions? No way!

Before I go any further, I am compelled to step back and make an important point about high school. Never, never, never, never, never drop out of high school or take the GED (General Equivalency Diploma). Did I say NEVER? A high school is a place for young people to develop core skills intellectually and relationally. Its also an accomplishment to be celebrated. High school dropouts are four times more likely than college graduates to be unemployed. Thus, stopping the formal educational process, even at a horrible public school in some troubled downtown area, is something I am against with every bit of emphasis that I can muster.

Those first 18 years are a time of critical personal development, and the maturing process doesnt stop at 18. For example, our government (run by a drunken legislature if recent newspaper headlines are any indication) believes young people should not be permitted to drink until they are 21 thats three more years after graduating high school at 18. But the same legislature thinks that an 18-year-old is old enough to go to war and use multi-million-dollar machinery to kill people you dont know but apparently not old enough to sit around and have a beer afterward and talk about the people you just killed. Think about that one for a moment. On second thought, dont. Where was I?

I am compelled to initiate a dialogue about college and the uniquely personal decision-making process that each person must undertake before they make a final decision. So, lets talk about WHO should go to college and WHO should think twice about it as well as WHY dropping out is the right choice for some people. Most importantly, we will examine HOW to process all of those questions in the first place. As you will see, I am going to pull in articles, blogs and opinions as well as present my point of view in an attempt to start an honest dialogue.

Sound processing leads to a good decision and that, my friends, IS the purpose of this book.

Lets begin the journey.

- PBD

PROLOGUE

Thomas N. Ellsworth
Monday, October 15, 1984

It often takes a perfectly avoidable human tragedy to get our attention. That was the case for me on what started out as a typical day in Los Angeles in the fall of 1984.

It was the fall semester of my junior year at California State University Northridge, and I (Tom) was grinding through elective courses which seemed absolutely pointless. I mean, why on Earth do they force a business major to take Astronomy (pun intended) while pursuing a marketing and business degree? The goal was to get a Bachelor of Science in Business Administration and secure a job in sales or marketing. The paradigm that drove that goal was one that I lived under since attending high school in Boca Raton, Florida: without a college degree, your future would have a very low ceiling.

During high school, I worked at a restaurant as a chefs assistant. Somehow I avoided being a busboy and secured a job working with the lead chefs in the kitchen of a prominent local steakhouse. This job also afforded me the opportunity to enjoy the Florida sunshine during the day.

My passion wasnt surfing, but some of my friends surfed, and I would go to the beach from time to time to enjoy the sand and waves just the same. Surfers inevitably damaged their surfboards thanks to rocks, coral or the occasional bump into a fellow surfer. These are called dings, and dings in a fiberglass surfboard would need to be patched so that saltwater would not rot the foam inside the board and, importantly, fiberglass slivers did not cut your hands or feet. Local surf shops sold repair kits containing putty or epoxy that did little more than simply cover the ding. The material was typically yellowish and turned an ugly brown after exposure to the sun. The alternative was silver duct tape which was effective but ugly. Surfers carefully selected their boards, and many had elaborate color or artwork. The original beauty of the surfboard was lost as the dings and patches multiplied over time.

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