SG Budget Babe
Asked on 24 Dec 2019
I’m a part-time uni student, studying a course I do not like or have passion in. Doing freelance at the side and doing quite well but not sure if it’ll be stable in the future. Should I drop my course and go full time in starting a business/freelance, etc. I now work almost every day without fail so I feel I have the tenacity to never give up. Just want to know some of your thoughts about having a degree.
If you are risk-adverse, then of course having a degree is definitely the way to go. You may not even need to do honours, but you will need a degree for a better-paying regular job. A degree somewhat guarantees that future.
However, if you are quite sure that you are making good side income, and it demands more of your time, quitting studies need not be a bad thing. It can be an opportunity cost too. Afterall, you can continue your studies anytime!
Also seek opinions of your family, friends, and take considerations such as costs, time, how long more to complete degree and set short term plans.
Really depends on your situation (family expenses, debts etc.). There is no right or wrong answer because there's no way to find out if the other choice was better if you have already made it.
Many degree holder felt like they wasted their time while many people I know without degree envy the degree holders. Grass is always greener on the other side, only you can make decision for what's best for yourself!
Its actually really dependent on you. What do you want in life? Everyone has different goals. Getting a degree not necessarily means it's useless but of course you need to study a course which will at least be useful for you in the future. You can't deny the fact that a lot of employers out there do actually look at your qualifications to recruit you at least from the start. If you set your mind to do your own business without getting a degree, it is a huge risk because you have nothing to fall back on besides the other qualifications you already owned. I would say getting a degree is a passport and assurance path to give people choices down the road. Do consider if you are willing to bear that risk.
2 weeks ago I just met 2 young guys.
1 gave up his university studies at the very beginning and is on track to be a millionaire (in USD accounting, not SGD) this year, around age 22-23.
the other 1 has a last semester and he is thinking of abandoning his degree, to focus on the million dollar USD profit goal for 2020.
Yup, you heard that right, 1 last semester and he thinking its useless anyway just to complete something he spent 2.5 yrs on it, already.
So thats a story that you may gain some inspiration.
I graduated from NUS, and if you ask me, my honours degree is fairly useless. I was in NUS because I didn't know better. I was too playful, and I just thought getting a degree, do something is enough.
If I know better I would go for a better academic result in Alevels and just aim for Harvard, Stanford... or NOT at all.
But u don't have to be extreme too. The middle ground guy will suggest you do the bare minimum to get your degree as a backup plan, while you focus more on your skills set and experience required to do your business.
It depends on how you see yourself in the future. Thereupon, plan for the long-term with proper contingency plan in place.
For instance, what if one day you stop your freelance work, will you be able to gain employment with a similar pay grade? If not, will your degree be helpful in helping you create a support level for your pay grade?
Often, we are blinded by the success that we have at the moment and forget to plan for the long-term. With this in mind, always plan further than you will expect. This way, it ensures that you are well-covered in most aspect.
Here is everything about me and what I do best.