How to Become a Millionaire without a College Degree

Millionaire without a college degree! Does it sound impossible?

Perhaps Bill Gates is the perfect example of a person who reached the pinnacle of success despite having no college degree.

Is a college degree really important to become successful in your life? Not really! In fact, there are numerous personalities who have dropped out and still become a roaring success in their life.

According to a study conducted by Harvard University in 2011, nearly half of America’s college students drop out before receiving a degree.

The study, entitled which was supported by data collected from the Organisation of Economic Cooperation and Development stated only 46% of the students completed their college in the US during the period of study.

Even though College graduates aged 25 to 32 who are working full time earn about $17,500 more annually than their peers who have only a high school diploma, as revealed by the Pew Research Center, not all degrees are equally useful. And given the crushing student debts, high cost of college and other factors American students to drop out before receiving their degree at higher rates than in other developed countries.

Successful College Dropouts List

Here are some famous people in the US who dropped out.

Abraham Lincoln: The 16th president of U.S A and a self-taught lawyer who received meager formal education as a child.

Amadeo Peter Giannini: Founder of Bank of America who dropped out of high school after he realized he could do better business than at school

Andrew Carnegie: A Scottish American mega-billionaire industrialist who devoted his life to large-scale philanthropy.

Andrew Jackson: 7th President of the U.S. president. who was self educated general, judge, congressman and a practicing attorney at the age of 35.

Andrew Perlman: Co-founder of GreatPoint, who dropped out of Washington University determined to become a millionaire by age 21.

Ashley Qualls: Founder of Whateverlife.com who was a millionaire by age 17. Her education is till high school and she has not done any diploma or graduation.

Barbara Lynch: The second woman to receive the James Beard Foundation Award for outstanding Restaurateur chose her career as a chef and did not complete high school. She is the owner of a group of restaurant worth over $10 million.

Barry Diller: An American businessman who currently currently serves as the Chairman and Senior Executive of IAC/InterActiveCorp and Expedia, Inc. and the media executive responsible for the creation of Fox Broadcasting Company and USA Broadcasting. He is also the owner of Ask.com.

Read More: List of 100 Successful Personalities who Dropped Out

There is no denying that students with degrees have better chances in job markets. But that doesn’t reduce the career perspectives and earning potentials of the dropouts or non-degree holders.

There are a dozen other names of achievers in their own fields who are yet to get a college degree, like Oprah Winfrey, Richard Branson, Steve Jobs, Steven Spielberg, and the list goes on.

If you closely look at each one of them, they are icons who have not only carved out a niche for themselves but also have created an empire which manages thousands of employees.

The only thing that they had with them is grit and determination to succeed. If you too have the same willpower, then here are at least 5 ways which can help you become a millionaire without a college degree.

Be an Entrepreneur with Panache

If you look at the career graphs of many successful business magnates, you will hardly find any of them having a Harvard degree.

You can begin with a small idea like repairing and upgrading computers. If you know your job, you can get many clients who will rely on your competency to get their computers running again. Slowly, but surely, you can widen the scope of your business and involve some more gritty people like you.

It won’t take much time for your popularity to spread, and with the right kind of business acumen, you can become a successful entrepreneur and earn millions. If you still are not convinced, take a look at Michael Dell!

Jack-of-all-Trades

If you are good at many things, then exploit it. You should believe that you can do it, and even if you start by making small invitation cards, you can grow to be a millionaire.

There are many people who want customized invitation cards and your efforts at helping out in a family affair can have your neighbors and friends demanding your service. You can also spot a profitable opportunity and buy off someone else’s collection and get it sold off on Ebay. It won’t be long before you will be having your own retail business.

Make some web applications which people haven’t thought of till now and there will be no limit to your success. Look at Cameron Johnson for inspiration!

Learn the Power of Networking

You might have a flair for designing microchips. Even if you don’t have the formal education in computer science, your intuition and curiosity will help you grasp things easily and you can design chips with great dexterity at home.

Try to get some freelance projects, do your research and you can make a name for yourself. It will not be easy convincing people but you need just one chance to show them what you are and can do. Within no time, you can be a millionaire. Ask Jeri Ellsworth if you are not convinced!

Be a Successful Blogger

Some people are born writers. They can write from their heart and poems, verses and stories flow from their minds without much problem. With the Web reaching out to all the people around the world, it won’t be long before you become a celebrity.

Besides writing, you must also understand how to cash in on this flair of yours through the Internet. You can write what interests you the most or try to find out what people like to read the most.

If people love reading your blogs, then you can become a man of millions within a few years. For inspiration, look at Matt Mullenweg.

Recycling of Waste

With so much being said about preserving our environment, you can work on this aspect to get rich too.

Organic waste can be a great help in helping plant growth as most people know. But since not everyone has the time or the intention to collect organic waste in the backyard and create something useful from it, they prefer to buy packaged organic waste from the stores. A little bit of foresight, intelligence and marketing skills can get you selling waste and becoming a millionaire because of it.

Tom Szaky can tell you more about it!

You have to be terribly good at something to make it into a profitable venture. A college degree is of no need when people will appreciate your skills. Tremendous will power and the power of knowledge can make you a millionaire without a college degree!