Know what you value in life. Personally, I love to learn and knowledge is very important to me that's why I would want to have a higher degree.
Your plan is not bad, but it depends on the country you live in, as there are some where a higher degree is meaningless. I made that statement because in some countries you will study to the point where you will earn more than a degree, but at the same time you won't have a job or anything to do, which means that all the money you have been spending on your education is wasted. Despite the fact that everyone should value education, young men in particular should do so because no one can predict what the future may bring, I will decided that this time around I would prefer to put my money into an investment that will increase my income so that I may continue to enjoy my studies.
Getting a degree is not something you can do on your own because you will need to spend a lot of money on necessary items. In my opinion, it would be better to use that money to start a business that would allow me to make more money than I would need to start something good for myself since many young people in some countries still lack employment after receiving their degrees.