why your college doesn’t matter. AT ALL

What college you attend is almost Not important at all.

Instead, you should be the type of person who could attend a prestigious college.

In fact, it was two professors, one from Princeton, who actually released a paper in 2002 that detailed why attending super-selective colleges had no impact on future career salaries (economic benefits)

How did the study work?

Well, it tracked students who 1) went to prestigious colleges

And then for the control group, 2) students who were admitted but did not attend top prestigious colleges (either due to $$$ or personal reasons, which is not apparently important in this study).

After extensive research, there showed absolutely no difference in the economic long-term benefits of attending a top college.

The salary boost was “generally indistinguishable from zero”

Top universities are not so good at developing students’ potential as they are at spotting future potential and offering spots to these bright students.

That’s not to say that prestigious colleges don’t offer much better resources and networking. They do and will surely add a kickstart to your career. But in the long-run, it doesn’t matter so much as where you went as a student as much as what type of hard-working student you are.

Also, I need to note that salary is definitively not the best measure of future success; however, when you ask most college students these days why they are attending college, the most common response you’ll receive is “for a job/money.” So, I am sure this answer should offer a lot of solace to students who are still worried about not attending Harvard.

Good Luck.


Source: Estimating the Payoff to Attending a More Selective College: An Application of Selection on Observables and Unobservables

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Different circumstances

Today I went to Milton Herschel School and man this school is the coolest thing I’ve ever seen

It must be over 4 times as big as Vilanova’s 250 acre campus

Children lived in mansions which houses up to 14 kids

The school where they took classes looked more like a tiny college

And there was just so much free land and greenery

But the students at MHS all come from underprivileged communities

Which is good and bad

Good because it allows kids without the right circumstances to flourish through support and education

Bad because some times the circumstances of a child isn’t where they go to school or how much money you throw at them

The graduating classes of MHS often have huge disparity in terms of where the children end up

My friend who goes to Villanova has friends at Princeton, UPenn, Georgetown and other esteemed universities

But out of his 200 graduating class, he notes several who have dropped out of college after one or few semesters and maybe 15 have ended up starting families already before they’ve turned 20, which also forces them to leave school

It’s an interesting case study of whether or not it’s possible to “help” people through institutions like MHS

How can we truly help people besides simply financially and educationally? I think personal life and EQ skills are just as important to teach besides a good education and scholarships for school

Not everyone is fit for school

But everyone is fit for life. And I think life skills is something we need to better teach future generations

self-sabotage

I was unwilling to believe this at first but I honestly think one of the biggest life hurdles/obstacles is learning how to avoid self-sabotage.

We often hold ourselves back from the things we truly want in life

Maybe out of fear that achieving our dream will leave us listless.

Maybe we don’t believe we deserve the good life, or true love, or true happiness, or genuine peace, or whatever virtue it is that you seek.

So we create excuses. We build up these walls and force ourselves to run into them.

Brick by brick, these obstacles eventually stop us from getting anything done.

And we’ve now built a wall surrounding ourselves, feeling safe from life’s arrows. But building this obstacle around you is self-sabotage. You’re constricted. No more freedom.

Self-sabotage is ugly. It’s an internal battle against yourself.

But you need to fight it. You need to break down those walls.

Freedom is virtue.

and I intend to use it

Three C’s

  1. Curiosity to find yourself
  2. Courage to
  3. Choose yourself

No know really knows what they are doing in this life

But that’s no excuse for indecency or mediocrity

You need to have curiosity

Curiosity to find out what makes you happy and why you were put on this earth

then you need the courage to choose to be yourself

because no one else can

only you have that power

 

Transcendence, or whatever

We are condemned to a life of freedom.

Now, more than ever, the youth are imbued with an immense power

We have the freedom to do anything we want

but this freedom is a double-edged sword. Too much power and we fail to recognize it

Paralysis of analysis occurs

Choosing one project means closing the doors to an infinite number of other doors

Other projects

How do we do them all?

Transcendence requires us to be the best version of ourselves

But how do we know we are choosing the right path? Our freedom has given us infinite possibilities. So which one is the right now? It’s inevitable you might fall into phases of nihilism while pondering this thought

We are condemned to a life of freedom

But transcendence has no asterisk next to it that entails we must choose the best option.

Transcendence requires us only to choose the path willingly, independently, and aware of our freedom to choose that particular path.

Transcendence does not require us to necessarily pick the winning lottery number. Instead, it’s an absolute dependence on self, on self-awareness of self-actualization.

Transcendence, or whatever, is about having the power to exercise our freedom.

Gratitude Day

I like to make my Sundays a gratitude day.

Have no daunting commitments, and just spend the day with a sense of appreciation for what I have.

Today I wanted to say a thank you to my readers of this blog, particularly to my readers from India. I’ve had a huge surge of readers from that region in that past few weeks and wanted to extend a warm thank you.

It baffles me that when I first started this blog, that I had 2 readers. One of them being myself.

Now I’ll get thousands of views per month on the 500+ posts I’ve made, from people around the world that I will most likely never meet.

And I’m just getting started.

Things like my Podcast, and my Finance Blog, all reach people I might never meet. And it’s amazing how much power I have in terms of influence.

And I am grateful for that.

Grateful for people who support my content.

self-contradictions

Our real Instagrams are fake

Our finstas (fake Instagrams) are real… at least more real

We are all self-contradictions

Heroes wearing a thousand masks

Are we meant to reveal our private self?

Our public self?

Our true self?

Does anyone really know who they are?

I think maybe not. Self-identity is constantly expanding. We are constantly changing.

How can we truly know something that is ever-changing?

2 + 2 will always equal 4, given basic math principles.

But the Jeff Wang of yesterday is different from the Jeff Wang of now from the Jeff Wang of 10 seconds ago.

Even as I write this post, I’ve changed, I’ve changed the direction of how I wanted to present this post, this very sentence as I write it. Self-contradictions.

Who am I, truly?

Maybe I don’t know

And maybe the sooner I realize that I don’t know who I am, the sooner I can get towards the path of self-revelation