Look at it this way: since you don't have a degree or a recognised one, you have greater incentive to forge another path of your own. The potential gain is much higher if you succeed.
For graduates, their degree is as much a boon as a curse -- They may be so tied down by security and promise of promotion that they stay in paid jobs too long... so long that they have stopped thinking about how to improve themselves to realize their potential to a fuller extent.
'Forge your own path' and 'screw the paper'.
PS: Not 'screw the paper' and 'forge your path'. The order is still quite important, realistically speaking...