The James Altucher Show Episode 313: Get an MIT Education for 1% of the Price with Scott Young

Altucher Podcast


Scott Young:

  • MIT Challenge: Spend $2k to complete a 4 year computer science degree in 1 year (savings $298k)

    • Testing what matters, the paper from MIT or the skills?

    • It seems that employers were interested in people who take the initiative/self starters (the general public did not think this would be case)

    • MIT students criticized heavily, likely pretty annoyed that they’re spending so much money and played by the rules

    • You do lose on the other classes, networking, friends, etc. – but the skills themselves can be done for much less ($2k) and much faster (1 year vs. 4)

    • Completed in 2012

  • Online Education Resources/MOOCs as of 215:

    • Coursera, Udacity, Udemy, Lynda (business/software learning, recently acquired by LInkedIn), CodeAcademy (learn to code with interactive courses)

      • Many offer 3rd party grading, mini-certifications

    • Self learning is much easier than it once was

  • Learning Languages

    • Scott’s emersion approach: A Year Without English

      • Pick a country, Speak no English

      • Start-off with some basic prep (20 hours or so), but mostly using Google Translate

      • Language Learning Tip: Use the infinitive version of a verb as you are just beginning in Spanish (won’t be right, but people will get the point)

    • Duolingo, Anki, Memrise: Pretty good, but can be a distraction by making learning languages more of an academic/memorization technique and not a social challenge (becoming comfortable speaking to someone in a language you are not confident in and they are, dealing with the confusion, embarrassment, etc.)

  • Monetizing a blog:

    • First build something that is valuable/interesting then monetize

    • John focusing on sell some items through the site (e.g. courses on learning approaches)

    • It took 5 years to make some money and 3 more to make a good living

      • If you have something that is interesting, you can making a living off of it

      • It takes time to build an audience, links, google caching, etc.



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