Learning can be done without a degree, but building connections and securing funding is difficult without one.
A degree simplifies the cognitive resources needed to gain trust. Normally, gaining trust requires a lot of time. As a freelancer, it took me two years of very low-income work and repeatedly taking small jobs before I got my first real contract, simply because I didn't have a good degree.
But if you have a degree, you can skip that starting line quickly. I've done over 400 small jobs—work for college students, professors, and business owners. 80% of those were won with the lowest bid. And because I took those low-bid jobs, I eventually landed fairly well-paying contracts (about 35 of them) where I even drafted the contracts myself.
Moreover, while they say you can learn without a degree, it's much harder.
Why? Because a degree provides guidance through a curriculum. When you're just starting out, you don't even know what you need to learn. You have to ask around and figure it out piece by piece. A degree, even if you don't study properly, at least gives you the keywords to search for. Without a degree, you don't even know what it is you're trying to do.
I don't have a computer science degree, nor did I attend a good university. That's why it took an enormous amount of time to generate income from computer-related work. And even then, the vast majority of jobs paid below minimum wage, if anything at all.
Becoming a professional software engineer without a Comp Sci (or overlapping engineering degree) was a bad idea for the reasons you mention.
I made it 15 years on mostly willpower earning millions of dollars, but never worked for a FAANG in any capacity, was unemployed (and even homeless) for different stints starting out, and to this day still get asked why I don't have a CS or engineering degree.
And a Haiku-powered Claude Code could now probably one-shot most of the stuff I have ever banged my head on as hard as I could to figure out.
I am just reflecting on the past though. What will make you "successful" then won't be what makes you that now.
I respect you. To be honest, I still haven't found my footing. Most of what I earned was squandered paying off debts from being scammed, and my work is irregular. And as you said, the game is always changing, the rules keep shifting. I feel anxious, but reading the words of a senior like you makes me feel better.
I lived in a 3 pyeong (about 100 sq ft) space for three years (I wasn't homeless, so I had it better than you). Still, I'm grateful that now I have a small 8 pyeong (about 260 sq ft) space. Thank you for sharing your experiences and emotions.
I want to succeed through willpower, just like you. As you know, most of my coding is done better by AI. Unless it's large scale programming, the work that comes to people like us is usually small scale, handled at the level of specific frameworks.
Nevertheless, I still believe there is a place for me somewhere (though that might be self hypnosis).
Thanks for the comment