Today I had the unique opportunity to interview Kyle, co-founder of WealthyAffiliate.com, the top online education platform for learning Internet business. I think that anyone that has gotten a college or university education, or anyone that is going will get a lot of insight from this interview.
Within the 4 questions I posed to Kyle, I was able to capture insight into the realities of the offline education world. He also walks through real life stories and compares his education in Computer Science to the opportunity online…along with the “new age” economy that we can expect going forward.
Here are the 4 questions I asked him.
Me: What do you need to get ready for college and how much will it end up costing you in the long run?
Kyle:I don’t think anyone can really be completely ready for college, but you are going to need money, time, and the ability to give up a few years of your life. If you are getting an undergrad degree, this is 4 years. If you are getting a Masters, 6 years.
Time is something that you will never get back, so you better hope that your University or College pays off. Money, is something that you have to pay back…and a typical debt from school and all of the associated expenses (books, residence, travel) is close to $50,000 – $60,000…and sometimes much more.
Think of it this way. If someone gave you 6 years and an opportunity to create your own business online…not to mention saving you $60,000-$80,000 and allowing you to earn while you learn, would you take them up on that? That is the opportunity that the Internet represents and what many folks are doing instead (and coming out on top).
Put your time into perspective as well because most people get completely lost in the value of the actual time that they lose as a result. Your time is worth money and a lot of it.
Four years of school is not only $40,000, but you are potentially losing $40K+ per year that you could’ve worked during your tenure at college. A college education really costs you $200,000 or more when you take this into consideration. A big chunk.
How Does A College Education Compare To Wealthy Affiliate?
Me: How would you compare this to Wealthy Affiliate in terms of price, value for your money, and success rates?
Kyle: 4 years at Wealthy Affiliate with our Premium membership (everything included), is a mere fraction of any institutionalized education. With our yearly membership, you can get full Premium access (includes all the training, tools, mentors/teachers, classroom access, live video classes, 24/7 support) for $359 per year (Less than a buck a day).
BUT, you can get started for free within Wealthy Affiliate, so regardless of your budget, you can get moving starting TODAY with your online business.
Does The Economy Affect The Average College Student Finding A Job After Graduation?
Me: With the economy the way it is today do you think that people would have a better success rate at getting a job in corporate america with their college degree, or do you think they have a better chance of success with the skills they can learn at Wealthy Affiliate?
Kyle: I have an education through college (Computer Science) and I have an online education, so I can speak on behalf of both. In hindsight, my education was good, but unfortunately you forget most of what you learn in school (other than the last year) and by the time you are done and ready to get a job, you really are ill prepared to work for any company.
In other words, before you can become useful, you have to get trained by them as to how to work.
I always wondered where I would be if I could take those 3 years back I spent in school…3 years in an intensive fast tracked Computer Science program. What could I have accomplished within the online business world and what opportunities did I miss as a result.
It is becoming more and more commonplace for jobs to shift overseas, I know first hand because we hire help from all areas of the world as we are living in a very global economy. If companies can find more skilled labour elsewhere…and at a cheaper price, they will do it. And trust me, this is going to continue to happen.
This might mean that the middle class will become the “lower class” because they are forced to work for less money in order to compete. That is why I think the Internet opportunity is so encouraging and is actually resilient to this sort of shift in the way our economies operate. It leverages the exact same “globalism” that companies are benefiting from.
When you understand the Internet and how the process of earning money online (as a business works), you are tapping into 2 billion Internet users. Every niche, no matter how small you think it is, has the opportunity to create a full time income and then some.
Either you go for it or you sit back and watch others succeed online around you. It can and will happen, I know first hand and I have helped 1,000’s of others over the years see the “light”.
Is What They Teach In College Outdated Information?
Me: Do you feel that what they are teaching in college today is updated information, and how does this stack up to the education offered at Wealthy Affiliate?
Kyle: What they are teaching in respect to “Internet Business” education is outdated and often times completely laughable. There are few programs even within the Ivy league schools that I wouldn’t even consider recommending to someone.
Simply because the material is dated and those that are teaching don’t have the hands-on experience or they are too high level (former management at a tech company) and don’t really have any growth ideas as an upstart.
Also, a semester at Uni would cost you up to $5,000. You could get an active, current, and all inclusive education (including websites, tools, hosting, and technical support) at Wealthy Affiliate for almost 15 years for the same price.
In fact, you can get going with an education at Wealthy Affiliate via the Starter membership for free. I am a bit biased, but there is good reason for it. The reality of the online business world is the start up costs to get an education and to build a business have become so minimal at Wealthy Affiliate that literally anyone can do it.
I can assure you that if you have a passion, you have drive, and you are willing to work hard, your education at Wealthy Affiliate will take you to no place that any job or any offline education ever could. I have worked with too many people over the years now that are running very lucrative online businesses and I know everyone holds the tools within them.
My recommendation to everyone is to get rolling with the Starter education at Wealthy Affiliate. It is free, no credit cards required and I will walk you through the fundamentals of online business and get you up and running with your very own business.
If you have any questions, opinions or feedback I would love it if you left it in the comments below.
Your Friend Scott