Topic: To afford personal education or a property? Where to allocate funds? - page 9. (Read 1253 times)

I will finance the property if the allocation is small. that's more realistic than me having to take education, it's like I have to spend more money because after education it will go straight to practice in industry, why not do that even if we don't take the education route. education is good, but property is a simpler way and does not require much money than education.

If you have the capability to afford any investment I guess its time to change your lifestyle because today the rich are the people who have tons of investments and good cashflow if you don't have you can call yourself close to financial freedom if you have just enough funds, there are some services offering by the government with their programs while doing payment for taxes your child have a chance include with their program to get a free tuition school and they can graduate without expenses to the things they need I don't think so if your country offering with this services, actually tons of services by the government does know by the community so widen your network.

Wel, well this depends on where you are coming from, there are countries that does not only value education but there is 70% chance of securing a job after your acquiring your certificate. So my advice is this:

If your country has an assurance that after your education, there is going to be a job for you or you have the tendency of securing a job after school, then I will advise you to go school and get that certificate, by default that's even the best thing anyone should do but things are different these days of 21st century. However, if there is a limited job, no assurance to secure one for yourself after school, I will advice you to use the money as an investment. I wouldn't advice you to buy property because when you do, it's the land that appreciate with time, what's on it will need maintenance which will be a liability to you in the future.

This is an important point.
I don't know OP's basis and background. If he is young enough, he actually has many opportunities to slowly acquire both. And I don't know if the cost of getting a degree in his country will be as expensive as getting a property, say 1 house, unless he only wants prestigious school. I personally would have chosen to get a certain degree if I had known the opportunity.

The skills and certification you get from going to school open many doors of opportunity to make money. You can secure a job or start a business with the knowledge you get from school.  A house gives you just one option which is the income you gain from rent. I will choose to go to school and study a course I have a passion for. Your earnings can provide the funds needed to build houses. Education is also good since you can move to any part of the world with your skills and qualifications. Alternatively, you can build the house and use the rent to finance your education. But we should also understand that education doesn't guarantee good jobs and building a house doesn't also guarantee a constant flow of passive income

About ten years ago, I would have answered a similar question by saying that I would choose education, thereby saving time for the future, so that after studying I would start my own business. But that was before. Now I have some life experience. I will first buy something that can be rented out and receive the money that I can use to study. I think that these are the more correct steps for our time. Likewise, I have a lot of successful students and literate professionals who, despite being so good, are still poor and unemployed. No matter how strange it may sound, now you can get a job and get promoted in the process, and additional earnings will always be a good safety cushion if, for some reason, a person loses his permanent job.

In my opinion. Because everyone has a plan when they have money, I will say that I will just invest my money in different places like platforms, so that I can earn passive income, I won't use the money to go forder for higher degree, because education now is not something that will make you rich, just to gain knowledge, many people didn't go to school but there are learning online, and getting money online, my target is to invest money in Bitcoin for a long time. You must acquire a job or a place where you may get a monthly salary before you decide to go to school, because if you use your budget to go to school, you will lose all the money you get because you don't have another source that bring you income, and I don't think you'll be able to finish it since I'm sure the money won't be enough for you and you don't have any money to contribute to it. Instead, invest in a legitimate place where you can make income from home.

You remind me of the story of what we need.

I remember that the story started with the question what do you need? Then the answers like money, beautiful wife, rich husband, famous people, successful people, billionaires, ... answers about material and fame forever have no end. And the answer that woke me up was "we all need one thing only, that we don't need anything more".

Every nuance in different lives will let us feel what we are being taught, the choice is up to us to decide, in the right position for the conditions, there is no need to make the formula too complicated. someone to apply should someone else. And when looking at materialism and fame as just something we create, not something that creates us, I think anyone will be satisfied with their stance.

This opinion will depend on where you are leaving, what the possibilities and values of educational people or educational qualifications are, and how easy or how guaranteed it is to get work after obtaining a higher degree.

Some countries have a high rate of unemployed graduates, and new graduates are emerging annually. If I stay in such countries, I will prefer getting an apartment or business that will sustain me, bring food to my table, and make me an independent person rather than waiting for governments that are not ready to give me work with my degree.


These sentences can be interpreted in different ways, but compared to the above topic, having an apartment or a working business is better than being a degree holder.

Additional to this is that if your apartment or commercial space is really a success, meaning you are earning enough money so you can go to school like other businessmen do, why? It's because there are still a lot of things to learn, like fundamentals. That is why most of the rich people you noticed went to school after they got rich, but again, they prioritized their business before going to school or when they were able to.

Higher education is like bitcoin, it is just a tool we use to make money. Why can many people work at large corporations like Apple, Google and earn millions of dollars every month, while many people are unemployed and blame education? The same goes for investing in bitcoin, why do some people become rich but others lose everything when investing in bitcoin and call it a scam? Don't blame education, or bitcoin, because all of them are just means, tools for us to make money. And whether we can make good use of them or not depends on our bravery.

Everybody will give you different answers about this.

But man, education is very important, and for the land and houses you said I won’t buy when I’m looking for where to invest my money and I’m not rich, I think buying land and houses is for people who are already rich because land is something that you will buy and keep for years till maybe the area you bought has been developed more, then you will think of selling it so you can see that they don’t need to worry about if the investment generates money as they earlier, but for someone who is struggling to have business, I think I will prefer to invest in where I can be getting money at least every week or every month so that I can be expanding my business more.

Interesting question to tackle about. Well, my opinion might be wrong for someone else, but I would definitely choose to have the apartment or some commercial space that I could use to earn passive income. Why? because, education usually doesn't teach you how to become wealthy and be financially free with you as your own boss, instead it will teach you how to work properly for someone and let their business be successful while you remain in the same salary range. There might be a slight increase, but everything will still be limited. PLUS! there are a lot of fresh graduates who has to wait for several years before they could land a stable job that could potentially become his employer for the rest of his lifetime.  Day job does not allow you to do anything else during the 9-5 as you are focused on that specific task on your job description, but when you have a commercial space, you will have the opportunity to earn more with other business too.

There are means to still pursue education without spending too much. That's why there are public schools and at the university level, there's a scholarship program. Should not be that hard to comply with the requirements as long as the person is eager and determined to finish the goal.

There's still lots of room to cover the desire to put money into real estate and with proper money management, both can be successfully done. There's no need for another one to be left behind. I know and understand the feeling of others that their respective diploma didn't give them a chance to land a good job but I don't want to discourage not having an education.

The question is subjective. Responses can't applied generally in most situations. Follow what you believe is right.

You're right; a college education doesn't guarantee your future, but it does provide you the adaptability and flexibility that are essential in the volatile employment market of today
Property may appear like an appealing investment, but let's be clear: worldwide property bubbles, erratic markets, and economic downturns make such investments erratic. In contrast, Bitcoin and the wider cryptocurrency ecosystem have demonstrated greater resilience and the potential for rapid expansion. Bitcoin is a fundamental shift in the way that we think about money. Additionally, keep in mind that the decentralized nature of blockchain eliminates regional restrictions when you consider where to locate your properties
And comparing student loans to just doctors, by the way? A limited perspective; medical school debt is not the only financial concern

A higher education does not guarantee you a better job with a better salary, because you are competing with a lot of other people that have similar qualifications and even more experience.

I would rather invest in a second property that can generate income that can be used to fund my future education and also help to pay the bills. (Many students fund their studies with loans (debt) and then live in poverty, trying to pay back that debt ... Example : doctors)

Ps... Choosing the right property in the right location are crucial, so do proper research before you invest blindly into the property market.

Age is a key player in such choices. If you are under 25 years old, education is very important to you because after a good education and about 6 years of experience, you will find the ideal job and good work. But if you are 35 or 40 years old, even if your university education increases, there are additional living burdens from family burdens or obligations such as marriage and building a family, helping your brothers, and so on.
Sometimes combining education with labor market skills is an option, as you can learn marketing, entrepreneurship, and digital investment while learning more about Bitcoin and cryptocurrencies and investing in them, as it is very likely that the price of Bitcoin will double over the next year, and it is easy to get double the amount if you decide to invest.

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.

TBH, it's very subjective question, and for sure, users here have different perspective when it comes to this topic.

There will be some who wanted to finish their school, and graduate from college so that they can secure themselves for many years to come thru having a stable job because what we believe is that, if you finish college, you will have a higher chance of getting a job as most of the companies are hiring college graduates. On the other hand, there are some people here who prefer doing business thus, acquiring an apartment/s, refurnishing it, then advertise it online, so they can get passive income thru rental income.

What will I choose between the 2? TBH it's hard, but I'm the kind of guy that don't value education that much. I've seen many people who didn't graduate from college, but now are successful in their life. I've seen people who are only graduated from secondary, but became rich. In terms of success in life, knowing how to multiply your money is far better than finishing your education. There are little to no schools out there who are teaching financial education to their students, and I believe that if you know how to handle money, you will be successful in life.

I don't disvaluing degree, because I still believe that it's still essential to one's life, but I'd rather have a money, then buy something and have a passive income from it, than spending too much money studying, and in the end, your chances of getting a job and earn is slim.

I've made the wrong choice in my life.In the past, I spent a lot of money to get a higher education at university. I didn't think that I would run out of capital when I graduated from college. So if I had to do it all over again I would prefer to spend my money on a field where I can make more money. Because I realize that to get a higher education we must first have good enough finances. So I would prefer to build my finances first. Because isn't the purpose of higher education also to be able to get a better life when you graduate? But that doesn't mean education isn't important. Well that's important. Only if it is in the options as asked by the OP. So putting money first in the fields that make money would be better.