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Should I Go To College Or Become A Real Estate Investor
Joe: Hey, it’s Joe. I get this question a lot, especially from people who are in high school or just graduated from high school or just got out of the military and it’s, “Should I go to college or should I become a real estate investor?” And I, you know, I’ll get calls, especially from people that are just out of high school and, you know, says, “My mom’s going to pay for my education. They want me to go to college and I want to be a real estate investor. And I want to be an entrepreneur. I don’t want to go have a job. I hate the idea of going to business school and going to work for a corporation and working for somebody else and making them a ton of money and not having control of my life.”
Joe: And I say, you know, I absolutely understand. You know, and if you want to get into the mentor program I’m happy to do that. You understand how it works, and, you know, you’ve already been to the website. You’ve read about it and you know what it’s going to cost. It’s going to cost about as much as going to college for a semester, you know, so, not four years, but one semester of college. Maybe a little less than a semester of college. I’ve got two kids in college right now that are just about finished and it’ll be nice to stop paying the college bills when that’s done. But, I say to them, you know, college is a good place to go grow up. You know, it’s a good place to go learn how to live on your own.
Joe: I mean, there’s things that you do as a Freshman and Sophomore that teach you how to live in the real world. And they’ll also make you a better entrepreneur eventually. Is it really going to teach you anything about how to be a real estate investor? No, not really. I had a Harvard MBA student come into my mentor program and she said to me, “Joe, you know, they don’t teach anything that you’re teaching in school. You know, they’re all about other stuff.” And those people are going to make a lot of money, and they’re going to go to their derivative thing or whatever it is that they do. But I like working with real estate. And I like having my own business and I want to be an entrepreneur.
Joe: And you don’t have to go to college, you don’t have to have a degree to do that. Having a college degree makes you feel good about yourself. And it’s fun and it’s a place to go grow up and if somebody else is paying for it for you, great. If you’re borrowing money to do it, college loans, you know, that’s a decision you have to make. While you’re in college you probably, the only job you’re going to have is, you know, maybe working at the McDonald’s, you know, making some extra bucks if you need to. Hopefully you don’t have to do that. Hopefully you can have somebody put you through college or get a student loan to help you get through the process.
Joe: But when you’re going through the real estate mentor program, you’re actually, you have the potential to make money. You probably won’t make money for the first three or four months, but you have the potential to make money while you’re doing that work, unlike college where you don’t do anything in the real world until later.
Joe: So, I think it does make sense to go to college. I encouraged my kids to go to college. I went to college. You know, I got a degree. They got a degree, you know, and my wife went to college. So, I think that that makes sense. And you learn a lot of other things from college that you won’t get in the business. So I’m glad that I did that. I think a good Liberal Arts education is actually a really good thing because it teaches you to think, it teaches you to be creative. You know, if you understand you know, literature and philosophy and Math and languages, those are all good things to learn and they will benefit you in your life as you move forward. So I definitely encourage college, but I think if your main goal is just to learn how to be a real estate investor and get to the money as quickly as you can, then you know, start being a real estate investor. Whether it’s through my mentor program or just using the videos that I give away for free on the blog that teach you how to do it, and start implementing those idea. Because nothing will happen until you start implementing the ideas whether you’re working with me directly or you’re doing it on your own.
Joe: All right. I hope that helps.