Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: whyohwhyoh Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5069  
Subject: FI Part IV: Get a real degree. Date: 9/30/2013 12:39 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
X-posted

Part 4: Get a real degree.. so you can get a well paying job.

Again in no particular order; getting what I call a "real" degree was critical in my path towards wealth building. There are many paths towards FI, and this is just the details on mine, and I'm not there yet.... still on this journey.

In university I found there are only a few degrees that will greatly increase one's chances of a good paying job with growth potential. Any degree with the right motivation and skills will take one very far, but there are a few degrees that I believe can greatly increase one's odds.

I picked engineering. An MSME. I did this the more frugal way... lots of state schooling, and lots of time in community colleges where the cost/unit is much lower.

Getting an MSME, or law degree or medicine or other engineering degree is only the 1st task. I've found that to really excel you need to be able to get what I call the "big picture". For some reason very few are willing to get the degree and also strive to understand the higher level big picture. How to make money for a business. One needs the technical savvy along with how to lead.

To achieve this... one must take risks... and take on the challenge. Very few do... but the rewards are huge!

Some random frugalness indicators:
1. I own nothing (and have never owned) something made by Apple.
2. Spent summers in local community college.
3. No new jewelry for me or my wife since we have been married (16+years).
4. As an avid cyclist... back to back to back+ double centuries on a steel bike.. no carbon fiber.
5. I sneak CFL's into fixtures... without my anti-CFL wife knowing....(doesn't work all the time... ok rarely works, but I try)

--
whyohwhyoh
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (13) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Apple

The Saddest Place on iPhone Day
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement