But look at that statistic. What is the proportion of people who are millionaires compared to the general population of people with higher education versus people without post secondary education. What percentage of people with a post graduate degree will make a certain income versus the percentage without a degree?

For example.. let's say 100 million americans don't have a college degree. 10 million have a post graduate degree, either masters or doctorate.
Out of 1 million people who have an income of 500,000+ per year, 50% have graduate degrees, 50% don't. The odds of being included on that list are MUCH higher if you have a degree, versus if you don't.

Rambling, but see what I'm saying? Statistics can be misleading. (I should know, I'm a stats major, LOL)
Quote Originally Posted by tony
School is not necessarily for everyone though, while you find it easy to advance in college to others it holds them back. Some find it better in the military, or working a full time job. I cannot quote the exact statistic from a study done by Thomas Stanley but while a good portion of dropouts do not make it as far as college graduates (not a part of his study, going off of what has been stated in this thread which I do agree with) a good percentage of self made millionaires were mediocre students at best.

I say that not to justify mediocrity, you stated that the streets do not teach you calculus or chemistry which is true, at the same time some people gain more from experience than a class room. I do agree with you that school certainly helps, I am starting my own business now and in my mind I do envy those people with business degrees because they are more fundamentally prepared than I am. I do not allow the envy to hold me back, I have learned through experience how to make something out of nothing so I still see the playing field as level.

Great post Pharm Teg, very informative.