Topic: To afford personal education or a property? Where to allocate funds? - page 5. (Read 1137 times)

The answer to this question varies depending on where you live and the culture. In my country, education is largely free and if your grades are good enough you can study in good schools. However, there is no guarantee of finding a job after graduation. Unemployment is very high in the country and there is a big race even among qualified people. Real estate is a commodity whose value is constantly increasing. There is a huge inflation in the country and one of the best ways to protect from this is to take a loan and buy real estate. So, while the answer to the question may be real estate investment in my country, it may be education for example in the USA.

I think that stocks are more legal than in crypto so they are available in any country but many people are still prioritizing education over it because these people might be poor and it can only give them a distraction so it's better if they can just finish their studies first. Being financial literate mostly deals about budgeting, while choosing a good asset to invest can be done by a simple research. It was still good to have both of them.

This can help us to become successful easily. Just be careful entrusting the banks with your funds. Maybe you are not yet aware of the banks that closed down and their costumers losses their funds. The investment that the banks are offering are also not really profitable so they are a bad choice IMO.

If the situation is that we have a limited budget then I will prioritize something that will make money first and if the choice is a property investment then I will do it. That's not all I'm thinking about, if my income is stable then I will start with what I didn't take before, which is investing in education.
For me we have to maximize any opportunity, and while there is still a chance and our budget is bigger than before, why not take something that we did not choose before.
I think both options are equally important and as I said in the beginning, I will start with the one that makes money first for me to fund the other option.

In my country university is almost free and the property market is very expensive, luckily this not something people have to choose over here. In case university degrees would be expensive as in USA then I would probably choose an advanced degree over buying a property now. Investing in education is important and is going to pay off in the long run. During university there is usually cheap near campus housing and we don't need our own property. And after graduation we will probably make a lot of more money than we are doing now. This additional income will let us get a bigger loan, so we can still buy the property we like. Another issue we need to keep in mind is the rise of AI, if our advanced degree ensures that we won't be rationalized by AI soon it's another strong argument to keep focusing on education. Or how about a compromise? Buying a smaller apartment instead and going to a cheaper university for our studies? Just because it's not a top 10 university doesn't mean it will be bad education.

Investing in education to improve skills is very useful and quite important, but a person's mindset will greatly influence his decisions,
study more to get a degree so you can get better job opportunities or invest directly in property to get passive income. Usually, people who prefer property are those who feel they need a sense of security, while those who choose education are people who really like to continue learning and gain pride from a degree.
Choosing education is my choice because education will open up opportunities to earn greater income so that more property can be purchased compared to buying property for passive income, but Currently there are quite a lot of free courses available on the internet so it can also be put to good use for those who have limited funds.
Today's online world provides opportunities for people to gain knowledge so they can change their economy for those who want to learn.

I'll pick the allocation of funds to the procurement of property instead of on education. As for education, I can literally learn anything I want for free on YouTube and it would be just as good as learning in a classroom.

With my funds in property invest, I can be sure that there would be a compound interest on it over time and I can get a 100% ROI if I take the profit from it and invest it in Bitcoin.

It's like schools are just gateways to another opportunity and coming into it won't determine the success that you will have.

You don't say that. It's not that everyone who graduated from school don't make innovation for their lives. The typical thing is like that but not everyone is stagnant through it.

I'd allocate my funds into property and investments rather than education. Education is good, when you mean learning the basics, but then you can learn something by trying, watching tutorials and such.
Who are the most successful people with the most money? Are these lawyers and doctors, or are these stock traders, fund managers and owners of Internet companies.
I'd rather be an early investor in Bitcoin, than have a degree in economics that I can wipe my ass with.

i'm sure there are thousands of people around your area who are unemployed even though they have higher education, this shows that investment in education today will not be as good as it was a few decades ago, based on what i see property prices continue to increase by several percent every year, this shows that investment in property is much more promising for future profits than investment in education, for the long term we must think about it in detail and decide for ourselves what is more promising in the future.

That's something most ppl from outside don't understand. It isn't easy living in some countries. Poverty isn't a desire it's a consequence of political failures. Turning to crime shouldn't be an option so school, university, training courses enable ppl to have some dignity in their lives.

We all come from different parts of the world where things are done differently, and some people don't really have rich parents that can even pay for their tuition fee in school. In some countries, like third-world countries, some people don't go to university because their parents are not rich, and in such a situation, if you have the money that can see you through your education, you can decide to allocate the money to your education journey or not, but before taking such a decision, the person must just really think of something that they can allocate the money to that will be very beneficial and profitable to them. Also, allocating funds to educational courses doesn't mean that the course would be just on formal education; it could be something else, like a course that could enable them to get a job in a big company or some online course.

First and foremost,  if we compare the two we can clearly see that investing in a piece of land or acquiring an apartment will require alot of capital and will probably take it in one bite leaving you will no change to spare, unlike going the route of education which you can pay as you go and will be friendly on the pocket.

Tbh, go for the education as this will make you job ready when you are done with your tertiary studies and if the chosen profession is high demand you could be getting that piece of land in no time thanks to a good pay!!

Honestly we are all wired differently and what I would prefer here someone will not want a piece of it.. and all goes down to preference!

People can always get knowledge from informal education. What differentiates between formal and informal education is a piece of certificate paper. By the way, I'm a business owner, and I hired people based on their skills. Simply assign the task and see how they perform, their degree doesn't matter. A degree is only a sign that you have accomplished something, and are somewhat responsible for finishing what you have to do.

The fact that you have none of this knowledge screams "I should learn more before bashing other people's comments."

I also quite agree with the big plus point if this choice can give birth to wealth and usability through the capabilities we already have. Because when a person is educated to be better and get a very decent job for a more decent income in his life, it is clear that choosing education is not wrong. Even though there are many highly educated people who still work for other people's companies whose owners do not have a high enough education.

But that is not a measure that must be seen because someone who is able to succeed after getting a better education will be far more extraordinary than those who are successful without involving previous higher education. Everyone can acquire wealth as long as they know how to earn it, but there will always be some difficulty when one strives for it without relying on any knowledge on his own. So what you say I think is also quite logical to be used as an option.

The main purpose of education is not to get a job. The money we spend on education should never go waste because education will make you a human being. People pursue higher education and try to become entrepreneurs themselves, and I have seen people who pursue higher degrees and work in agriculture. There are many differences between an ordinary farmer and a farmer with a higher degree. A person who is involved in agriculture after obtaining a higher degree will conduct his farming or other activities according to the principles of modern science, which will make him more likely to get success in agriculture or other activities. Proper education will make a person respected everywhere.  So we must receive education up to a certain age.

I don't think there is like 'the best between education or property', I think the answer will be very personal, but it will very related to the age of the person. For me in my current age, I would definitely choose education, not only the formal education like Doctorate, PhD, or Professor, but also some side course to develop my skill in some field that I like. 

Now, I have nothing against your decision and in fact, I am happy it turned out great for you. However, it should be considered that each of us has different situations and thus different answers. It may have worked out for you to invest all in Bitcoin but it is possible that it will not be the same for others. Personally, I don't advise putting all my money in Bitcoin, especially with OP's example that income is very limited, the risk of that limited money turning zero is too high. Bitcoin is volatile, we cannot be 100% sure if it will go up or down so putting everything you have to it can be financially dangerous. Hence, in any case where an individual has the means to invest in Bitcoin, it is highly suggested that only a good percentage is invested. Going back to OP's example, you have limited money and of course, you wouldn't want to risk all of that, especially if you have to wait for years for it to grow and earn profit. Perhaps that is why OP only provided 2 choices. Then again, the answer is different for each of us, I'm just emphasizing the possible high risk of investing everything in Bitcoin based on the given situation.

I don't know why there are only 3 choices even if we can make another chance to invest our money in bitcoin or crypto. That possible if you there is a crypto option, i would prefer to invest all in on crypto. Why?, because on bitcoin or crypto, you will be able to have it all in 1 time. If your crypto value grows, you can pay for your education, you can access the market, and you can buy an apartment to rent out.

This has happened to me before, in 2018 I had money, but i was confused about buying a house or car. but, at the same time, I got advise from a friend to buy Bitcoin. Yes, I bought Bitcoin, and I waited about 3 years after my bitcoin value grew up. I sold it and got both (house and car together). this is the smartest choice in my life

It's true that nowadays there are many resources already to learn, such as free online courses, tutorial videos that are beneficial if you want to self-study. But, having a degree is still different because this is your stepping stone to secure your future. Having a degree is an achievement that no one can take away from us. Therefore that's what I prefer. Buying a properties can come later after you finish your studies, had a decent job (or build a business depending on your plan) and savings.

This is subjective. Regardless of what you prefer and prioritize, as long as you're happy and contented with your life, you will be satisfied even you don't have this and that.

Well, each choice definitely has its own risks. Likewise in making decisions in this one choice. Taking the choice to invest in property and things that can generate passive income is also very good. Because we will get cash income that continues to flow. But the risk is when we are like building an apartment but no customer wants it. It's not a loss, it's just that the opportunity to earn passive income will be hampered. But in terms of investment, the price of places and apartments will continue to increase depending on location. And yeah it's still a great choice.
And if we succeed in getting passive income, isn't that when we can also use this income to get higher education. Wouldn't going to college after having an income be better? yeah that's better according to my version.

but if we choose education first then it also has many advantages. like adding insight. and one more thing, we will have acquaintances who understand and agree with us. That's where we can build relationships for our future goals after completing our education degree. It's just that the risk is that we run out of capital before the education is over. or we don't have capital after we graduate. or we have trouble getting a job after graduation. But if we manage to get a job in a good company after graduating from a high enough education then of course we can get a high salary. and it doesn't take long for the money we spend on education to be replaced.

well these two options have a balanced ratio in my view.