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Updated over 7 years ago on . Most recent reply

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7
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1
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Mason Richard Sherman
  • Panama City Beach, FL
1
Votes |
7
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Stuck in a good position. Need input!!

Mason Richard Sherman
  • Panama City Beach, FL
Posted
Im a 20 yr old kid and basically I’m stuck between going to school or becoming a real estate agent/investor. So my dad owns a chiropractic practice that is very successful. I could either go to school and take over his business and guarantee my self a 6 figure salary until it’s eventually mine and use the money I make early on to invest into real estate and other areas to create passive income and eventually just own and run the business not work there. Only problem is that I would throw myself somewhere between $150k-$200k in debt. This is the more save route because even though the massive debt I am guaranteed a steady job, a 6 figure salary and to be my own boss and own a million dollar practice sometime down the line. On the other hand I could get my real estate license and grind while I’m young. Due to my fathers success and my family’s popularity in my hometown we have numerous and numerous amounts of connections all over the city with all kids of people so selling/ getting clients wouldn’t be a problem. I know plenty of agents and even “owners” of the real estate firms around here so getting a job wouldn’t be a problem either. I also live in a relatively high income area so the cuts I get would be pretty large. I really don’t like school and I want almost nothing more to be successful. I’m just kinda stuck right now and I know that I’m young but I feel like time is running out to decide. Any input would be thankful!!

Most Popular Reply

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7,695
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
7,861
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7,695
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Caleb Heimsoth
  • Rental Property Investor
  • Durham, NC
Replied

Mason Richard Sherman do you generally have interest in being a chiropractor? If so I’d go that route. If your family is successful not sure why you’d need all that debt. No help with school for that?

I’m a big believer in education builds wealth. Real estate builds wealth but so does education. When you combine both you get fantastic results. So if you have general interest in being a chiropractor I would do that, work for your dad and then assume the practice when he retires.

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