Investment IN EDUCATION
"An investment in knowledge pays the best interest." -Benjamin Franklin
“Never invest in any scheme that is based on a metaphor, or anything with the word, “next”, in it (e.g., “this kid is the next Elvis Presley”, “this will be the Lake Lucerne of the Southwest”). You will lose your shirt.” ― Clifford Cohen
“You are your own biggest investment. You can overcome many mistakes if you never stop investing in yourself. Invest in your education and ongoing learning. Invest in your relationships and friendships. Invest in your health. Invest in becoming the best person you can be.” — Book Choose FI: Your Blueprint to Financial Independence by Chris Mamula, Brad Barrett, et al.
There are a plethora of scholarships out there, and many of them go unclaimed," says Jennifer Hayes, creator of the site Smarty Pants Finance. "Billions, yes, billions with a B, of dollars in scholarships and grants are left on the table each year." Fastweb, Big Future, and Scholarships.com are some of the best places to start when looking to fund your education, said Haye
Listen to 238 | Half Price College with the Millionaire Educator from ChooseFI on Apple Podcasts. https://podcasts.apple.com/us/podcast/choosefi/id1187770032?i=1000486228317
Financial Advice I Would Give My Younger Self – Planning for Education Funding
How to Balance Saving for Retirement and Your Kids’ Education
What If You Go To Harvard And End Up A Nobody?
9 Best Ways to Invest in Yourself
Why you shouldn’t go to Harvard
Old School Real Estate – 21 Timeless Lessons From Experienced Investors
The Curse of a High Income - Perpetual Money Machine
The Three Circles of Wealth Creation - Four Pillar Freedom
What's Your Passion Exercise - Find Your Passion
'Plan B' Careers Help Insure Your Future
10 Ways to Improve Yourself for $100 or Less
Making it Big On Little Deals - Interview With John Schaub (Podcast) (Real Estate)
Coach Carson from chad@coachcarson.com wanted to share 7 of my favorite lessons that he picked up from John over the years:
One house at a time, build wealth - no need to get rushed or take big risks. The tortoise still beats the hare in this race.
First deal singles, not home runs - your first deal doesn't have to be your best. Be safe, but get in the game. And hold it over the long-term if it's a reasonable deal.
Houses are your best investments - they're simple, in-demand, and plentiful. And they can can grow in value while also producing rental income.
But, buy the right house - not all houses are created equal. Buy a relatively simple house, with lots of storage, on a good lot, in a demand location.
Attract the best tenants - great tenants can be your most valuable team members who pay on time, take care of the property, and stay for a long period of time.
Free-and-clear houses goal - aim to pay off at least some of your rental house mortgages to increase cash flow, decrease risk, and simplify your life in retirement
Build wealth, enjoy it, share it - building wealth isn't just about piling up the most money. Enjoy it along the way, and give back to your family and your community with your time and treasure.