College Is Not An Option

[jem]

I tell my kids take a chance on what they love but have a backup. I realize that having the back up is probably self defeating... but I also think many of the people who have a platform to say love what you do ... are part of a survivorship biased group.

Think of all the actors who have not made it.
A guy I worked with has a friend who went to holllywood to be a director. He is in his 40s and been out schmoozing almost every night and is very tired of it. He never got his big break.

Think of all the athletes and traders who never made it or lost it all.

Do what you love but don't fail. Or, do what you love and find a way to make money.
Its pretty hard to own a house in a nice area with good schools without money. Unfortunately.

I am not saying you are not correct, there is right or wrong but all eggs in the passion basket has risks too. Just as not having them in the passion basket can leave you a bit bored with your job.

now sure what has transpired in these pages but things I wish my dad did.. that he didn't


-follow and encourage my interest
-even know my interests and passions
-allow me the space, time, money to pursue these interests
-encourage failure
-teach me to get excited by challenges
-the journey is the fun, because the destination lasts one second


seriously though, if you want your kid to define success by what he makes and the title he says he does ( which is not WHO he is.. ) then that is failure in my eyes. Im not even sure if you do, but this is 99% of Americans as evidence by wanting them to be a doctor or Lawyer or something that makes mega money... if you are at work 8+ hours a day, shouldn't you LOVE what you do, be excited by it, endless life long learning, fulfills your spirit.. because sitting in a mansion with the trophy wife being miserable is what comes when you have a job you don't love, or your main goal was money and you actually achieved it.

the highest level things are always simple.. we are all programmed with what we love to do inside, it just needs to be expressed and nurtured in various ways. Ans you won't like this as if you were raising him right you would have followed the child and this discussion wouldn't need to take place, he would have automatically persued what he was interested in, instead of mom and dad throwing out ideas to him. "go do this, don't you like that, this sounds interesting, oh this helps people, wow that seems like a good fit... ... .... "

 

[Buckey]

Nowadays, companies are hiring candidates who earned college-level degree/diploma. That's the only backup every kid needs.
If your kid is mature enough to separate himself from the idle life, then he/she should do what his passion is calling. That's all. No need making them have a tough life except idle or wild kids who don't care about the future. Such kids will thanks to you one day for sending them to college, good college.

It's not advisable to force them to study in specific field that you want them to be. It's purely waste of time, both you and your kids. Take counselling and find their matching skills with field and have a better life.
Peace!

 

[Sig]

There's also airplane maintenance tech or pilot. Some community colleges have those programs besides the usual hvac or automech.

From a former professional pilot and maintenance officer I can't really recommend either of these. Car mechanics can charge/make far more than aircraft mechanics and the quality of their work is seldom a life and death matter like an aircraft mechanic's often is. As for becoming a pilot, you don't take classes at your local community college, for one! And it's a crap job for the first 10-15 years minimum when you effectively make far less than a barista at Starbucks. If you passionately want to be a pilot (and I did) it can be rewarding for that alone, plus I went the military route which is preferable. But to do it as some kind of vocation like being a welder is crazy.

 

[chart pig]

How about some sort of business that caters to elderly who wish to stay in their homes instead of going to a nursing home. Demand for that should steadily increase as the population ages.

This is along the right path. The boomers. Transportation is difficult for the elderly or say a shut-in. Sure Uber can get you from point A to B but there is no assistance to the Boomer, say if they need assistance food shopping.

There is a tremendous hole in this area. It can be piecemealed together but one company makes a huge difference and Boomers will pay for that. There are some very successful people who have entered this space early so the model works. Study their business and then find the right location. The demand for these services is huge and competant supply is lacking.

Develop a model that works and then create a franchise.

 

[SmackSon]

It's all on your judgement and see if kid is thick or thin in terms of their skills and passions. But the father's role is to build the kid up (it's not an option) till let alone do the rest. When kid started to learn the bicycle, it require your job and when he's good at it, he's all on his own.

And regarding business, I believe nothing is impossible to work out in risks and legal stuffs. Needs, visions, resources and objectives are must for each and every type of business.

 

[ElCubano]

So say your kid isn't the best in school but is too bright to spend the rest of their lives working in an Amazon distribution center.
What then?
What are some good businesses that can be started for say less than 200K that have the potential to grow and thrive in our new economy with dedication and hard work?
Of course it depends on the unique skills of the individual, but what are some ideas?
Or is it impossible these days with litigation risks, regulations, and all the other BS?

PUBLIC FIGURE on Instagram.

 

[ElCubano]

now sure what has transpired in these pages but things I wish my dad did.. that he didn't


-follow and encourage my interest
-even know my interests and passions
-allow me the space, time, money to pursue these interests
-encourage failure
-teach me to get excited by challenges
-the journey is the fun, because the destination lasts one second


seriously though, if you want your kid to define success by what he makes and the title he says he does ( which is not WHO he is.. ) then that is failure in my eyes. Im not even sure if you do, but this is 99% of Americans as evidence by wanting them to be a doctor or Lawyer or something that makes mega money... if you are at work 8+ hours a day, shouldn't you LOVE what you do, be excited by it, endless life long learning, fulfills your spirit.. because sitting in a mansion with the trophy wife being miserable is what comes when you have a job you don't love, or your main goal was money and you actually achieved it.

the highest level things are always simple.. we are all programmed with what we love to do inside, it just needs to be expressed and nurtured in various ways. Ans you won't like this as if you were raising him right you would have followed the child and this discussion wouldn't need to take place, he would have automatically persued what he was interested in, instead of mom and dad throwing out ideas to him. "go do this, don't you like that, this sounds interesting, oh this helps people, wow that seems like a good fit... ... .... "

The biggest point I drive home to my son is to LOVE your fellow human. The streets brought me up thinking differently as part of survival. It took me many years to learn my biggest lesson in life. The HEART papa is our biggest asset. Everything else is just noise.

 

[Banjo]

No College, No Problem: Silicon Valley’s Student Loan Solution
https://safehaven.com/news/Breaking...em-Silicon-Valleys-Student-Loan-Solution.html

 

[usrx201]

From a former professional pilot and maintenance officer I can't really recommend either of these. Car mechanics can charge/make far more than aircraft mechanics and the quality of their work is seldom a life and death matter like an aircraft mechanic's often is. As for becoming a pilot, you don't take classes at your local community college, for one! And it's a crap job for the first 10-15 years minimum when you effectively make far less than a barista at Starbucks. If you passionately want to be a pilot (and I did) it can be rewarding for that alone, plus I went the military route which is preferable. But to do it as some kind of vocation like being a welder is crazy.

It's true community colleges don't usually have pilot classes, but they do have the air mechanic programs at community college cost basis. There is also a decent job market for air mechs where there's usually demand throughout the country from what I've heard. And otherwise, some aviation colleges do have pilot training courses along with business degree curriculums.

Right, I'd heard from other pilots that some regret their vocation path in the long life scheme of things and of course it can come down to individual outlook. However, I was giving valid ideas for this father's question about his son not being fit for college level fields but too bright otherwise. The path to being a commercial pilot for an airline has a limited age window that a young person in their early 20's should be aware of if they ever wanted to consider this path. I had looked into it sometime as a possible career change, but in the end it was too late for me. Yes, of course both are highly responsible job fields which I wouldn't assume otherwise.

 

[dealmaker]

So say your kid isn't the best in school but is too bright to spend the rest of their lives working in an Amazon distribution center.
What then?
What are some good businesses that can be started for say less than 200K that have the potential to grow and thrive in our new economy with dedication and hard work?
Of course it depends on the unique skills of the individual, but what are some ideas?
Or is it impossible these days with litigation risks, regulations, and all the other BS?

I would not invest $200k or even a $100k for a person with no business, structure, hard work or organizational experience. If you do, don't be surprised despite the child's best intention your investment goes down the toilet. Rather I'd push them towards one of the three entreprenuerial jobs that are commission based that if executed properly can earn a person professional level wages. I am talking about real estate, insurance or auto sales. I prefer the first two to the third because they require passing tests which shows commitment, you have to acquire your own clientele forcing them to hustle, schedule is more flexible and the top end is much higher. After two to four years of showing promise and dedication at one of the said jobs then I'd invest $200k at a business for them and that business would be whatever they are passionate about.