Why do people think that everything should be free?  Why not spend your time and money making the greatest investment you can make?

In this episode, I talk about

  • The Girl Who Sued Her Parents
  • Marketable Skills
  • Taking Responsibility For Your Future

Transcript:

Good morning everyone. Welcome to the path to 1 million. This is episode 112 the other day I was skipping through my newsfeed and I don’t know particularly why, but this article popped up in front of me. And it was actually from about maybe three years ago or four years ago. Anyways, I read in this article where it talks about how this girl in New Jersey sued her parents. She sued them because she felt that they should pay for her college education. Her parents told her, no, we’re not going to pay for it. You’ll have to figure out a way to pay for it yourself. She did not like that answer. So she got an attorney and she sued them. Obviously the judge dismissed the case against her against the parents anyways. You can’t force your parents really to do anything, especially if you’re over the age of 18.

You’re kind of an adult at that point in time. Anyways. Got me thinking about how there is this group of people out there who think that for whatever reason and another that either everything should be free or they should be entitled to everything. And this includes the college education or any kind of advanced education on that part. There’s even been talk about having this, a minimum living wage or living salary or whatever it is like that. So like people don’t even have to work with, still make 30 grand a year just so they can pay their rent and bills or whatever it is and not have to lift a finger.

Okay.

I remember when I was growing up, I had an allowance of like $5 a week and compared to some of the kids I knew all the kids had like $20 a week, which was like fricking phenomenal to me. I thought they were like the rich or something like that. But as a kid growing up, my allowance was $5 a week. And I know that if I went to mom and dad and I saw something in the story that I wanted, whether it be it a toy or a game or whatever it is, and I would say to them, you know, yeah, I really want this. And it was like 30 bucks or 40 bucks like that. Then my mom would always say to me the same thing. She would be like, oh, well then save your money. You know, they just wouldn’t buy it for me outright, just because I said I wanted it.

I had to save my money for it. So I would save the money, save up my money for it. And usually by the time I saved up my money for it, I really didn’t want it anyways, but still, it was one of those lessons where even as a kid, and then I was taught too, when I even got to high school and I graduated and I was thinking about I was actually making plans to go to college and never even occurred to me that I w my parents were gonna help pay for this or whatever it is. I, it was my assumption that because this was the choice that I was making to do, that I would bear responsibility for it. And because I wasn’t the smartest kid on the planet those scholarships were coming my way and stuff. So I took out a boatload in student loans.

But the thing is, is that the whole reason why I did that in the first place was because I wanted to make sure that I could elevate who I was to get to where I wanted it to be. So at that time, you know, for instance, it’s a classic example, right? And it was a great motivator for me was, you know, I was working at a restaurant at a time and I had to wear these, you know, later hoses every single day that I was going to work. And I was barely making over minimum wage at the time. And as a server, I would work my butt off all day long just to get like a hundred bucks. But the thing is, is that, you know, the, the marketable skills that I had at that time was just nothing more than a high school education. That’s all I really had.

And so you get the job that fits the skill sets that you have, and if you want to get a better job, if you want to get a better paying job, then you have to make that investment in yourself. So for me, the investment that I was making was getting that degree because I wanted to get that degree. I wanted to you know, make more than a hundred dollars a day. That was my goal. That was my intent. So I went ahead and I took on that responsibility not only of getting the education and trying to get the most out of that education, but also taken on responsibility for paying for it because I knew that this was just something that was going to happen. I would graduate one day, I would have student loan debt, and I said, okay. And I never once complained about having the student loan debt because as I said before, it was a decision that I made.

And not only that, but because I had to actually work towards that degree and I spent a lot of time paying it off. I actually respected the entire process. So you know, when I hear people complaining about how they don’t make enough money or they need to make more money or whatever, you know, whatever that argument is, the first thing that I always think to myself is then why aren’t you investing in yourself? Why aren’t you going out and picking up a book? Or why aren’t you taking a class or an online course? I mean, the Internet is just absolutely replete. You know, you go to [inaudible] dot com for instance, and type in any topic on the planet, whether that’s how to start a business, whether that’s how to get in real estate investing, whether it’s a, how to use Microsoft Excel or Microsoft word.

Anything that you can think of. Somebody has designed a course around how to do that. And for 2030 40 bucks, you can make yourself fluent in just about any single topic that is out there. Now at the same point in time, you have to make sure that you’re getting skills out there that are marketable or that you can frame it in such a way that you can make a business around it. So for instance, if you are going to college and your whole dream is to get a doctorate in a, I tell you medieval poetry, then I don’t know how you can be upset afterwards because there isn’t a six figure job out there waiting for you. You have to have some kind of a marketable skill that people are willing to pay you for. Either that or you have to figure out how to take that degree that you’ve got and be able to turn that into something that you can build a business around because believe it or nuts, there are people out there that will pay you for your knowledge, but you’d have to build a business to be able to go out and find them.

So either way you have to do it. You, you. When you make that investment in yourself, you have to do something that gives you a marketable skill. Something where the industry or the marketplace seizure value understands your value and is willing to pay you for it. Making everything free on the planet isn’t going to solve your problem. Actually, it’s going to make it worse because they’re already talking right now about how there’s this influx or this outflux excuse me, of students out there that are struggling to find jobs. Whereas if you take a look at like the tech sector for instance, they are starving for people who are a programmers who are UI developers and UX developers and things like that, but people aren’t taking those routes because they’re chasing these other routes. They’re making these investments and then turn around and and not understanding why they can’t make any money from that and then then they come back and say, well, my student loan debt should be forgiven because I can’t find a job.

Or the only job that I could find is flipping burgers at McDonald’s. Hopefully if I find it a job at blockbuster, I almost said that out loud anyways. The moral of the story is, is that if you want to raise your status, if you want to, if you want to make more money, if you want to get ahead in life, no matter what it is, if you want to be more successful at your job, the first thing you’d have to do is you have to make that investment in yourself. And you have to sit there and say, okay, maybe I don’t understand exactly what it is that I’m doing. So what pieces of the puzzle do I need to have in order to make that happen? What is the different parts of knowledge that I need to pull in to make myself better, to make myself more, more effective?

And it’s more than just you. Sometimes it’s more than just watching a simple youtube video. Sometimes you have to make that investment in some kind of class or some kind of a course or whatever that is, and then implement that knowledge out into the real world. That’s really all that boiled down to take. So anyways, with that being said, I just wanted to share that with you today. Some thoughts that were rattling around inside of my head. I think you guys all for stopping by today. I really do appreciate it. I will be back again tomorrow with another story. I will see you then. Have a good day.