Topic: To afford personal education or a property? Where to allocate funds? - page 10. (Read 1253 times)

Much like what most of the replies here have stated, the answer depends on the situation of the one choosing. For example, for me, I'd rather choose education specifically in a field that will give me many opportunities. An educational degree that can open paths for business, above minimum wage, and good investments is a good degree to consider. Moreover, education can be used in various situations especially if an opportunity presents itself to you, essentially with education, you will have the knowledge on whether or not you should pursue an investment, business, or job instead of going blindly into something. Additionally, if we are being real here, education affects our image; and how the public sees and treats us. Even during work interviews, business proposals/transactions, and investments, the people we interact with can base their judgment of trust and skill evaluation on our educational background.

However, as I stated earlier, this is my personal answer. I'm sure there are those that will choose to allocate their funds on other things such as businesses and investments.

If you are in an education stage, the biggest ROI you are going to get is by investing in yourself, that is, in education, studying something that is useful in the marketplace. If what you want to study is something that you are not going to get paid for in the marketplace or you are not going to get paid well, it is almost better to invest the money and dedicate yourself to it as a hobby, without training.

If you train in something that you like and at the same time is useful and pays well, you will be able to buy property in the future with the money you earn.

Degrees will become useless if your goal is to find ways to get a degree while your knowledge is still empty. Many countries are suffering from achievement disease in education, they not caring about the quality of education. Teachers and students are only passionate about pursuing degrees but forget about practical knowledge, making university degrees useless. But if you are serious about your knowledge then when you graduate you will never have to worry about a job. In my country, really good students are always sought after by top companies even before they graduate. There are people who graduate from school and are unemployed because they only pursue achievements with a degree but have empty knowledge. If you were a business owner, would you want to hire those useless guys? Don't blame education when that useless is of our own making. Education and degrees are never in vain, only those who do not know how to apply properly are useless.

Those are two very separate questions you're asking, though they're somewhat related. 

My opinion is that if you're saving for something you're going to have to pay for in the medium-term (like tuition or real estate as you mentioned), I wouldn't invest your money in anything like the stock market or crypto--it's just way too risky, and with those expenses you need to be certain you're going to have the funds.  Something like a money market account or a CD at a bank would probably be the best way to go, because you'd at least be earning some interest while keeping your savings secure.  But I can only say that about my country; I don't know how trustworthy banks are in other countries or how much interest they're paying.

As to the question of 'being vs. having' I'm going to suggest that if you've got children that you might want to leave an inheritance to, being acquisitive isn't a bad thing--and that would also go for anyone who is even planning on having a family but doesn't yet.  But what's good for one's soul?  Being able to do something in your life that has meaning for you.  If that happens to be your career, all the better.  And boy oh boy that's been an issue I've wrestled with my entire life.  Eek.

education is very important but make sure that we are serious about this. maybe if we have tittle or certificate then it will ease us to get job but the most important thing is knowledge and skill that we can use. I think knowledge or skill can change our life to be better.

Do you love your career path? Do you see yourself in the near future climbing up the career ladder? Are you happy with your profession and you wish to improve it? If the answer is yes, then use the money for further education.

But if you are kind of tired working and wish to quit and just focus on something else, then use the money to buy a piece of land and build an apartment.

In the options to be or to have, however, to be is always the answer. Even in your decision not to pursue further studies and use your money instead to start a business, that is still in relation to the to be option. That is still for you to be living a happy life.

This topic seems interesting because, again, we used to have education ever since that is where our mind was trained to go to school and do education. It is also highly debatable because, first, if you choose an apartment over education, there is a possibility that you will miss managing it because you don't have proper education, unless the choice is between continuing college or doing the real estate business. Though right now it is really practical to choose to own an apartment, we are not sure if this will be profitable for you because you are still not knowledgeable about it.

IMO this depends on your specific goals and financial situation.  So if your primary goal is to maximize your income potential and career opportunities, investing in education may be the right choice, and pursuing a higher degree can lead to personal growth and development, expanding your knowledge and skills which your education typically doesn't lose value over time, unlike some investments like real estate.

At the age of 30 onwards, should you have your own business for the long-term purpose, the skills that you have you can use in your business that suit your skills.

There is no one answer to this question. What is more off more priority. For me, my education is of more priority. It is the key to success. That is how I see. I would invest in quality education because I can always build a house, buy a piece of land and earn passively through it but for education, there is always an appointed time for it...you won't always have the cognitive ability as you age so get it while you are young. It 10x your odds at succeeding in life.

This is my opinion and I know so people would have their too but when we look at it, there would always be more than one way to earn passive income. There will always be a better model of an apartment, a better situated piece of land and what have you. So choose wisely.

In a life where the revolutionary fintech has opened up more job opportunities for people without a degree, is a degree really necessary or just optional? Education is an absolute necessity but it does not have to be pursued on a costly academic route.

However, I will not argue that the bad work culture in some parts of the world still uses degrees as a consideration for higher level job placement.

A very tricky situation and question but if it's just me, considering the situation of the world where everything is becoming competitive. As much as I want to purchase the real estate and make an apartment out of it and because every year it appreciates, I'll still choose education.
Going with the first reason, the job market has been so competitive and that's why education and degree is what many companies are going to be impressed and get you an interview. But if we're going to talk about reality, if I can take and choose both I'd take them without any hesitation and I'll look for ways to pursue education while building that apartment now because sooner or later, the materials are going to be more expensive and the same goes with the labor and contracts, so all the cost will be more than next year than of today.

To have, what you want to be is still not in your hands so whatever you have is what you need to take care of.

Looking at those experienced people, it seem to be a fulfilling thing when achieving something is what they prioritize. So, yes.

In fact, everyone knows that insight or education is a very important thing for everyone who hopes for a path to success in the future.

But remember that insight does not always have to be obtained from formal education which requires a lot of money. But it can also be obtained from absorbing insights from experience and also independent learning (self-taught).

Back to topic,
So, in a situation where I have to make a choice, whether to use the money to get a higher education (get a bachelor's degree or something like that) or instead use the money to buy property or something like that?

So I am very confident that I will choose to use the money to buy apartments, property or other things that can make me have income from it.

Because when I already have an income and have a lot of money, then after that I will use it to broaden my knowledge by entering the realm of education and getting the degree I want to support my business in the future.

That's the concept I chose. Earn money and then education. Because we have to realize that looking for work by relying on a higher education diploma nowadays will not be enough to be accepted. The fact that we have to realize is that to be accepted by a company, we also need more than a diploma, namely we need money, we need connections from people within and so on. So that many graduates end up having difficulty finding work. Because they lack relationships, lack money and lack experience.

Meanwhile, relationships, experience and money can only be obtained from business and direct work in the field. There are a lot of smart people out there who never even went to high school. But they become bosses in the company and employees are graduates. It's funny to see a boss who only graduated from elementary school but his employees are graduates with degrees.

its relative to the person itself but i honestly will always allocate my money to something that could always grow in value and in this case is property, education you can get quite literally from anywhere nowadays.
reading book also sufficient enough to give you all the knowledge needed if you are committed and its near free.
but with property, you could hardly get it if you don't really allocate the funds, and if you see the trend, the value of property kept on rising, it will be great investment if you planning to own one.
meanwhile with education, there are more and more cheaper options that you could get, so I guess my decision would instantly be investing in property instead.

It actually depends on the preferences of the individual and what is perceived to be more important.
Having a higher level of education has for a long while been pursued with the notion that the degree gotten and only that, could land you a nice paying job that could set you up for life. Times have since changed and while having a formal education is still very important, they are good paying jobs that requires skills and expertise rather than a degree.

About what being more valued in life, it still has to do the choices of the individual. For some, possessions and assets acquired make them feel fulfilled which I find pitiful. Take away those possessions and their worth is gone.

I'll be prioritizing investing in my personal knowledge.  With knowledge comes the capability to be able to tap to more sources of income then when we have extra earnings we can buy the second option stated by @OP.  Learning is not only limited to getting a job as an employee, it will also give us knowledge about setting up own business or to become an entrepreneur.  The more we invest in our personal learnings the more we can have an option to earn more money.

People have different priorities. Some value money above personal achievements, others have the opposite views. A person can be happier as a teacher with low income, instead of being a programmer, because they are doing what they love.

And even if trying to answer your question from a purely economic point of view, it will still vary from person to person. Sure, it can be highly efficient to invest the money while self-studying to become an IT specialist and earning more than people with a Ph. D., but think about long-term sustainability. IT work is not for everyone, many people burn out after a few years and don't want to work in that field anymore.

Investment or business on which you would really be able to make some passive income and on the time that you are making money already then this is the time that you would really be getting your education or degree
if you do really persevere on having a diploma on which this would be definitely be course to be taken on on which you could really hit up two birds on one stone,right?
You would really be needing to be wise if you do really like on having that progressive life but of course its not really that a guarantee that you would succeed specially on having a business.
If ever you do have the chance on having a passive income with those common or casual properties or lands or lots then its impossible that you wont
really be able to see those opportunities.

This is why if ever i would be needing to choose on which one i would priority then i would go into land/properties/passive income. Education can wait and there's no such thing
about age limit if ever you have finished your degree on old age.

This question is highly dependent on the current circumstances around the individual and their personal plans and aspirations.

Quality education, despite what many people will say about it is very valuable and gives one an opportunity at almost every corner on the climb in their career. Basic education is imperative for a child, but one can be successful without furthering to college.

Passive income is great as well and any real estate investment is one that will give ROI for many years down the road.

that is true, if you have a higher degree, it will open to a better opportunity when it comes to finding well-paying jobs. so afterwards, you can easily acquire good investments like apartment or other real-estate properties. it is only a matter of time before you reach such goals.
so i will definitely go for higher education if you are confuse on which one will you be opting to. but at the end of the day, you know your priorities for the time being, so the OP can read all these opinions but he will be the one deciding this on his own.

Everyone has a choice, so I can't really speak for the others, but I will personally choose to pay for my education because it will allow me to learn a great deal of information that will be helpful to me for the rest of my days in this world. The importance of graduating from school cannot be overstated because it can open up a world of possibility and lead to a tremendous accomplishment that a person desperately needs. Investments are fantastic since they also make things better in the future, but I don't believe they can provide the opportunity that education can.