What is the path to investment?

Question

As a college freshman, and a massive student loan to repay, all signs point to playing it safe, working a steady summer job if an internship is unavailable, and holding off on investing.  But, I am HUNGRY.  I want to get a head start on investing, and I am looking for some guidance on how to begin.  I want to have a plan, and for the past year, I have told myself countless times that law school is my destination, and working as a real estate attorney is my occupation.  However, I am struggling to determine a few things.  Would you advise going to law school immediately after college, or would working for a few years prior to applying be beneficial?  If working is the better alternative, from an investment perspective, in what field would you recommend seeking a job?  Also, is law school even the best route to take? Any and every recommendation is appreciated.

Account Closed · Answer

I'll tell you this, but try not to spread it around.

Being a Real Estate Attorney is like having a license to print money.

And I don't mean that you will be over-charging people, or suing people and taking their money.  That's no way to live your life.

I mean that you will be creating economic wealth with the knowledge you have.

It's also a Hell of a lot of fun.

My suggestion is hold off on Law School.  You might go ahead with the application process, and if you are accepted, then request that you delay it for a year.  Then you will have that taken care of.

Of course, this assumes that you will even have the GPA to get in.

Meanwhile, go talk to Realtors.  Go to their office and sit down and tell them that you will be their "Go-fer" and whenever they need to do something that they don't have time to do, they call you, and you do it for them.  For instance, they need to go unlock a house for someone who wants to go back a second time and do some measurements, they give you the keys and you do it.  You are not showing the house.  But you are there.  And this is the type of experience you need.  Just soak it up.  Or he might show you how to go pull records for him.  This is stuff you need to know.  In a year, you can learn about 80% of what you would learn in three years.

Work for different Realtors and learn things from different angles.

Law School is a bitch.  But you do it.  After that, you learn how to be a Lawyer.  It takes a while.

Just my take.

Good Luck.

Michael Lantrip