Yes, that is my view. Not everyone ends up like Bill Gates, successful and filthy rich without ever finishing college.
This is a scale I made that you can go by but this depends on what kind of taste you have, living habits and how carefully you can manage money.
Now, if you own a bmw, u live in Hollywood and you're up to your ears in debt then you will obviously need to make adjustments.
What you can expect or what you should set your goals at if you want to keep up with the jones'es:
no degree/some exp/some college/rooming with a friend; apt
**note**the young people in this bracket are usually satisfied with pay at first, until they realize it's not all that great.
Single no dependents min 15/hr struggling to get by
Single with 1 child... no degree typically tops off at 21-25/hr, pay is comfortable but not great.
pay requires a college degree/4-7 yrs exp/first home
note**anyone that falls in this bracket has met responsibilty and is never satisfied with pay.
Married with 1 child aim for min 50k per yr
Married with 2-3 children, should aim for at least 60k
Married with 3-5 children, should aim for at least 70k/yr to get by.
master's degree/well rounded background and 10+ yrs experience
/IT certs/nice house and nice cars
whether single or married with 5 kids, for the avg joe this is where you want to be 80-100k
To make more than 100k per year, generally speaking you need to be in some sort of executive position.
Specialize!!! That's the key to getting ahead of your peers and jumpstarting your career in the right direction.
When you feel you have achieved "greatness" and nothing left to specialize in then take a management position. You get paid more to sit on your tail and do nothing!
FTR-Our highest paid tech does not have a college degree or certifications but he went to the same church as the man making the hiring decisions.
The moral of the story is...you really do need a college degree to make more money. I'm sure there are plenty of people who will tell you different but those people had a bit of luck on their side, brown nosed to the top or just knew somebody in the good ol' boy network.