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Updated almost 7 years ago on . Most recent reply

User Stats

8
Posts
5
Votes
Cole Barthel
  • Rental Property Investor
  • Saint Cloud, MN
5
Votes |
8
Posts

Portfolio versus College Degree

Cole Barthel
  • Rental Property Investor
  • Saint Cloud, MN
Posted
Hi everyone. I’ve been scrollIng BP posts for a few months now and I absolutely love how helpful everyone is. That’s why I would like to bring my dilemma to you and see what your opinions are. I am currently deployed to Afghanistan. I will get back home to Minnesota sometime next year. My plan is to get a college degree, start an apprenticeship as an electrician, and start building a rental portfolio. My conflict is that I dont know which order I should do those in. I want to start my financial freedom as soon as I get back by obtaining a positive cash flowing property and a full time electrical job, then after a few years go get my degree once I’m financially stable. On the other hand, I don’t know if I’ll be motivated enough to go college in a few years, so I might as well get it out of the way when i get back right? Thoughts?

Most Popular Reply

User Stats

252
Posts
263
Votes
Dan Bryskin
  • Investor
  • Minneapolis, MN
263
Votes |
252
Posts
Dan Bryskin
  • Investor
  • Minneapolis, MN
Replied

@Cole Barthel, thank you for your service sir. Why not to do everything? Deploy your VA mortgage / house hack while you go to school, and work part time? To be in a good spot as an electrician you need to get your master license. If i remember correctly It will take 5 years. Education will significantly shorten that time. Without a master for 1-3 years you will likely make 25-50k a year, not a ton of money .... Goo luck.

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