As you may know, I put my daughter into college last week. Exciting and anxious times.
Anxious because of her belief that college was her only entry to success in today’s world. An ingrained belief system (from high school) that her choice of college would dictate the rest of her life.
Total nonsense and way too much pressure to place on a 17 year old. Here’s what I’m teaching her…
I attended 3 universities and received advanced degrees. Six years of hard work.
Twenty five years later, let me tell you what I’ve learned.
Financial freedom has little to do with college. Very little.
Don’t believe me? Ask Bill Gates of Microsoft. Ask Michael Dell of Dell Computer. They both dropped out of college to start their own businesses. And they are now worth a zillion dollars or so…
Yes, college teaches students how to think and live independently. Very important skills. But college’s main mission is to create good employees. E-M-P-L-O-Y-E-E-S.
I sat at the university last week with my daughter listening to them brag about their Career Services Center and I cringed. Literally. That is not the type of belief system that I want my daughter to fall vicitm to.
Don’t get me wrong. I obviously don’t fault the university. It’s the same path I went thru 25 years ago. They are following the charter of every other university in the nation.
BUT… I am continuously reminding my daughter that she is not limited to the traditional employee career tracks that the college will promote. She can do anything she wants with her life. And I am nudging her to the entrepreneurial path.
I guess my teaching is starting to pay off because she is considering majoring in business and minoring in entrepreneurship. Atta girl!
As we approach this Labor Day Weekend, the excitement builds over the fact that employers give their employees permission to take an extra day off.
Wouldn’t it be better to not have to be given permission?
Why couldn’t you choose your own 3 day weekends? How about every weekend?
In my opinion, that’s one of the joys of being an entrepreneur. More responsibility and more freedom. Now there’s an interesting combination.
And if you are considering entrepreneurship, consider big ticket apartment deals that you can do on a part-time basis.
Here’s my challenge to you. Make this your last Labor Day Weekend – the last Labor Day weekend where you need someone else’s permission to take Monday off.
Challenge yourself to show up and create your own financial freedom. Create a lifestyle where you choose your own Labor Day weekends.
It’s time that you showed up. For you and your family.
Be safe this weekend.
Lance
very good !!! college is great but certainly does not give you the real world experience …. I have never had a traditional job… always worked for myself bought my first business in my early 20′s .. $35.00 down financed the rest to buy and operating limo service, and then have been in several other businesses and bought and sold real estate with -0- dollars of my own funds through partnerships with investors
Yes, good perspective. I also have 3 degrees, but the first enabled me to appreciate the cultures and history of people in countries over half the world that I traveled in. Priceless.
Do you mean she’s 17 and doesn’t own at least 3 properties yet?
Have you read Tim Ferriss’ “The 4-hour Workweek”? I believe you will find it fascinating, like I am.
Was reading it yesterday, a warm sunny Saturday afternoon, sitting on a park bench overlooking a sun-glistening Puget Sound, Olympic Mountains in the background. After having consulted 2 local real estate agents about some properties. Life is good!
Today I met a local 7-11 manager. She and I will be looking for apartment buildings to invest in! Just because I mentioned I was a real estate investor.
Next, planning a cruise at 70% off. Keep up the good work, Lance. You are “right on target with apartment houses”.