Are you sure that you wouldn't have had to face those hurdles even if you'd gone to college? I went to Amherst (#1 liberal arts college in the country when I matriculated). A number of my classmates are almost a decade older than you and would love to be making 6 figures.
I don't know a single Millenial who hasn't struggled with reality post-graduation. (Actually, that's not quite true, I know a couple Googlers who got in straight out of school. They're a minority, though.)
Personally, I think that the biggest advantage a person can have today is to consider rejection Somebody Else's Problem. The people who can get rejected over and over again and still bounce back to full energy immediately tend to succeed no matter where or whether they went to college and no matter what they try.
I'm sure I still would have had plenty of hurdles even with a degree, and I don't mean to discount that starting a career is hard for anyone, but the matter at stake here is whether it's optimal for smart, young people to go to college or skip it/drop out.
My personal experience is full of rejection, stress, and closed doors (I still can't go to grad school to get a higher paying job such as an MBA or Law Degree in my 30's, and finishing my bachelors has a huge opportunity cost).
Compare that to liberal arts students at Ivy League colleges who a few years ago were getting handed $100 bills to attend a 1 hour on-campus recruitment session with the hedge fund Bridgewater. That path for capable people seems much better to me than what I had to go through.
If you're a smart, talented young person, I advocate studying hard and going to a top college rather than dropping out. You might just end up becoming a billionaire and paying people to skip college as part of a personal experiment :)
I think that even the hedge fund stories have more to them than meets the eye for a casual observer. I have a classmate who works at Bridgewater, and has since graduation (well, graduation plus the six months of unemployment it took to find a job). He got there by e-mailing everybody in the Amherst alumni directory who worked in finance and asking if they'd give him a job, and an alum at Bridgewater was the only person who responded affirmatively. Now, he ultimately got the job through the alumni network, which is a tool that wouldn't be available to someone who didn't go to school - but his path was still full of rejection, stress, and closed doors.
I suspect that college does help skew peoples reactions toward you favorably, but that the ability to hustle ultimately matters more to your long-term success. Then the question is whether having that lifetime skew effect is worth the $100K+ and 4 years of opportunity cost. My personal feeling is that it probably is if a.) you get into an Ivy League or "brand name" college or b.) you come from a lower-class background and your parents don't have a network or much cultural capital. But for most middle-class kids going to a second-tier college, the opportunities it opens up are mediocre, and you are far better off putting the $100K+ and 4 years to work distinguishing yourself in some other way.
> I went to Amherst (#1 liberal arts college in the country when I matriculated). A number of my classmates are almost a decade older than you and would love to be making 6 figures.
I bet a some of them are in or finishing up graduate school, pursuing a subject that they're interested in though. Plenty of smart and well-adjusted people I know from undergrad make less than me, but for some of them - tbh, I'd switch places with them in a heartbeat for personal, job security and job satisfaction reasons.
I used to laugh secretly at my liberal arts peeps at Wesleyan (a worse liberal arts college) when we just graduated 6 years ago. But now peeps are pushing out their films in film festival, post-doc research at conferences and published novel tours and still relatively poor; but I'm quite envious of people taking creative control of their destiny and shipping something, which IMHO more important than the dollar figure. But ironically, it took me making six figures the confidence of reaching a certain "threshold" and the disillusionment of that "threshold" to realize this.
> a couple Googlers who got in straight out of school. They're a minority
Yes. I bet most of them are graduates of top US engineering schools whom arguably have had a very sheltered experience (but probably still less sheltered than Amherst or Wes tho). They for sure got a head start compared to everyone else in "personal finance." But tbh, like you say, dealing with personal difficulties is actually a blessing in disguise and an important phase in your life to know to keep going and going esp. when the going is tough. In some ways, I think the jury is still out for your Googler youn'g vs. the battered Amherst post-grad's toughing it out. I'd give it another 25 years when everyone's in their 40's, 50's to make the judgement.
I don't know a single Millenial who hasn't struggled with reality post-graduation. (Actually, that's not quite true, I know a couple Googlers who got in straight out of school. They're a minority, though.)
Personally, I think that the biggest advantage a person can have today is to consider rejection Somebody Else's Problem. The people who can get rejected over and over again and still bounce back to full energy immediately tend to succeed no matter where or whether they went to college and no matter what they try.