Mercedesrover
Well-known member
- Joined
- May 20, 2020
- Member Number
- 539
- Messages
- 67
I never went to college. I liked messing around with car so after high school i got a job washing cars in a body shop. Paid attention, started working in the shop and learned fast. Changed jobs and went to another shop when I was 21 years old. Worked hard and 25 years later I owned the place. I have 14 employees and am doing pretty well.
My wife went to college for 11 years and got her PhD. She's now a college professor and does pretty well too.
We have two kids, 6 and 9 years old. We are militant savers and will have $300k+ saved up for college for each of them by the time they need it.
We're paying off our house this week and I got to thinking....If I had the choice when I was 18 of money for college or money for a house I would have taken the house. Not having to pay a mortgage for the past 25 years would have opened up a whole bunch of options for me.
I think there is too much emphasis on college these days and not enough on trades. If my kids want to go to college, great, but I think there is just as much opportunity working with your hands and learning a trade. And if they already had a house paid for, it would be huge leg up.
Given the choice when you were getting out of high school, would you have taken college 100% paid for or a house free and clear?
My wife went to college for 11 years and got her PhD. She's now a college professor and does pretty well too.
We have two kids, 6 and 9 years old. We are militant savers and will have $300k+ saved up for college for each of them by the time they need it.
We're paying off our house this week and I got to thinking....If I had the choice when I was 18 of money for college or money for a house I would have taken the house. Not having to pay a mortgage for the past 25 years would have opened up a whole bunch of options for me.
I think there is too much emphasis on college these days and not enough on trades. If my kids want to go to college, great, but I think there is just as much opportunity working with your hands and learning a trade. And if they already had a house paid for, it would be huge leg up.
Given the choice when you were getting out of high school, would you have taken college 100% paid for or a house free and clear?