College, real estate, college, real estate, college, real estate. What choice should
you be making? We're gonna talk about that today.
I got a degree because
I think my entire life I had wanted one, I think my dad did a good job pounding
into my head this idea that you need college to get where you wanted to go
and I started out wanting to be a doctor, I didn't know that I would have such a
hard time with chemistry and with the sciences and yet when I chose out of a
path that no longer required a degree, there was a temptation to just not get
one, especially when my business started thriving and growing and yet I had my
mother-in-law, on this shoulder, that's the angel shoulder I think, that kept
saying that education is important, you'll be so glad that you got a degree
and I think she was generally worried that I might not, so you know what? I was
a people pleaser at that stage in my life and I wanted my in-laws to be happy
and we were business partners on some of the real estate that we had done,
you've probably heard and learned about some of my other videos, subscribe if you
haven't and in the other videos, I talk about how important that key
relationship was, it was the first of many relationships that launched me and
I wanted them happy so I got my degree but it was a stressful time in my life
cause I was building my business full-time, working full-time and going to school
full-time, plus house married full-time, that makes sense.
So it felt like a lot of full-time jobs, right? And yet I had a brother that
after his first semester in college dropped out and I listened to my
brothers and my parents that were that were judging him. "Nick you need to go to
college. Where are you gonna get in life if you don't go to college?" And he was
dropping out for the same reason I could have and I really respect my brother who
has become a very successful entrepreneur business owner, I respect
the fact that he thought that authenticity was more important than
people pleasing and it's taken to him some really great places so I'm not
gonna argue that you should drop out of college to do real estate, I didn't and
yet I think that there's a unique and individual path for each one of us.
The education system that you and I grew up in, it's flawed, it's not what it was in
the 40's, 50's, 60's, 70's that said you needed a
college degree. Science still says that you'll earn twice as much money the more
educated you are and I'm all about education. In fact, Warren Buffett says
that the more you learn, the more you earn
but what's more important than learning is from where. That's what's made all the
difference in my life so I feel like I've gotten two educations,
the first education was what I got from college and college taught me how to
learn, it taught me how to research, it taught me how to go to school and
how to elevate my own standards so that I would do things well. In fact, I
would do things exceptionally well, but at the same time as in college, I was
getting a secondary education and this was from the education of real life, this
was from people living in the world that were succeeding and I had mentors and
people that they're not teaching me things that I could ever get in college.
College won't teach you how to become financially independent or it doesn't
really even teach you how to run a business well, it can give you basics and
give you some some concepts and understanding but being successful in
life, changing your belief system to become the person that can allow
anything to become possible, those simply weren't skills that were taught
in college and so there's two types of education. Today, if you want to go on to
do real estate, I'm going to tell you right now, getting a college degree is more
education and it's more learning and I think there's deep value in that but
you're here today to figure out what your path is and whether you do or do
not go to college, there is an education that you need one way or the other and
that is the education of real estate, how to do it, how to do it well and there's
two components of that, there's the how to do it and then there's how to think
successfully. How does a millionaire think? Because you're going to have to think
that way before you actually make a million dollars and that's the education
that I'm going to be talking to you about next. I don't advocate real estate
as an all-or-nothing proposition so I'm not promising that tomorrow you'll have
a Ferrari, I think that real estate actually takes time, it can be
get-rich-quick but not in the way I've done it, even retiring after four and a
half years was four and a half years of really smart method, logical
steps that I took to get where I got but do I think you can retire in five or
ten years? Absolutely so even though it's not get-rich-quick, I think it's
important to give yourself the time that you need, finding mentors
who showed me how they became multimillionaires was hands down the
most important thing and the ones that could give me a specific dial and system
is what made all the difference in the world. In fact, my entire first strategy
with the lease option that I called compassionate financing that I did,
I downloaded it from a series of my mentors and created a hybrid for the
sealer best approach to it and the devil's in the details of real estate so
getting the contract law all figured out in all the little things, that's why
I ended up putting together like even this introductory course on lease
options that includes how to make the signs, how to have the walkthroughs, how
do you have scripts for every conversation and it doesn't take very
long for me to teach you the system, I'm just passing on a system that I've
improved upon, that I got from my mentors and so that's probably the best advice
that I can give you is learn specific action steps from mentors, I mean even
going back to the very beginning, first mentor I had told me to do three things
when he knew the specifics of my financial situation. He told me how I
needed to establish a third line of credit because I only had two, told me to
wait a year and to save at $5,000 and told me I needed two years of work
history when I only had one. Fourteen months later, I was able to buy my house
and it was very specific knowledge that my mentor gave me. And so getting a
specific blueprint and also having a specific mentor that can help you really
is the game changer and you getting to where you need to go. I can't answer the
question of whether you should drop out of college or not, I didn't and even
though I was tempted at times, I learned how to learn, I learned how to research,
I had a really cool social experience, I had a time in my life to slow down,
I ended up meeting my wife in a really really amazing way. There's a lot of
benefits to that and at the exact same time, you've got to find out what your
path is and would I drop out of college just because of real estate?
I wouldn't. My experience is that real estate takes time and if you're doing it
the right way, it's not a full-time job which means you can do both and I'm a
proponent that you can have it all. So if both are important to you, for heaven's
sakes, choose both. Whether you're in college or
not, considering going back or went a long time ago or go
back for more degrees, then I want you to go ahead and click the link below
because I'm gonna share with you how you get started in real estate right now.
The really cool thing is that real estate done right doesn't take a whole lot of
time, so you can have a career, you can be a college, you can work on your ninth
degree and you can still succeed massively in real estate. Click the link
and I'll show with you your exact next steps.