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Accumulation of Net-Assets And Securing Your Financial "Cornerstone"
#26

Accumulation of Net-Assets And Securing Your Financial "Cornerstone"

Unless you are in STEM (Science, tech, engineering, medicine) or high-end finance school, college is a waste of money.

Blue-collar/trade-school is the way to go in America. If you are the least bit reliable and intelligent, you will get hired and stay hired for a long time. Of my personal friends, the richest ones are parents who started in trade then opened their own companies (Plumbers, air-con, mechanics, metal-working, appliance installation/repair, etc, etc).

Funny story, we have a mutual family accquantice- top neurosurgeon in Russia. Came here about 20 years ago w/a family. Looked at the 8 years of med school/residency and said F-that. Started trade as air-con. Now does public projects w/the city and other large projects. Last i heard, he has 50 employees, lives in a nice house in Malibu, has a sick sports car, vacations 6 times a year.

Case in point, office-call to the air-con guy to divert some vents and increase airflow- max 2 hours of work (minimum service charge to come to office 65 dollars)- 215 dollars. Granted, this is LA, but still 215 dollars!!!

As for myself, I guess i am in a higher-end trade- Dentistry. For all you young bucks out there thinking of medicine, i would say recommend dentistry instead. Dentistry you finish grad school in 4 years (no mandatory 4 year residency aka indentured servitude), and receive similar salary (or maybe better).

4 extra year of schooling in your prime is ridiculous. Plus, the salaries of doctors is coming down a LOT. With insurance companies, hospitals and Obama-care, the salaries of doctors are been squeezed from all sides.

WIA- For most of men, our time being masters of our own fate, kings in our own castles is short. Even those of us in the game will eventually succumb to ease of servitude rather than deal with the malaise of solitude
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