All Forum Posts by: Nick Murray

@Nick Murray

First off you can’t purchase, rehab and sell the property in 30 minutes.  You need education to decifer reality from reality TV.  The rehab numbers are typically less then what it really takes.  If you are a seasoned investor with a team in place you are getting your rehab numbers at a discount based on volume.  The first time investor is not getting those numbers.  Education is required.  You need to learn how to evaluate properties yourself.  Lastly the total profits on those shows do not account for all cost.  They generally do not include holding costs.

Education is the key to being successful.

I can agree with some of what you say. For example, ever had the fulfillment of graduating college? It gives an individual pride and confidence, self fulfillment. Just one example of non-monetary fulfillment.

@Jess White when you said "degree has nothing to do with correlation of success" that is incorrect. Statistically people with higher levels of education make more money. There is a direct correlation between education and income.

Maybe what you meant to say is just because you have a college degree, doesn't mean you will make more money than someone without a college degree. Steve Jobs, Bill Gates and Mark Zuckerberg all founded the largest tech companies and didn't finish college, but the two founders of Google were PHD students when they founded their company. What do all these men have in common? They are geniuses.

People are not successful because they drop out of college, they were successful because they were exceptional individuals. Be careful too because most people think they are exceptional - it is hard to be subjective about that.

College degrees are very useful, even when running your own business. A business and marketing degree is helpful when running a business. It is not a substitute for experience, but it is a credential that shows you have the ability to complete things. In your junior and senior year, you take many useful classes like statistics, business management, accounting and other classes that give you a better skill set to run a successful business. 

Even when you talk to banks, customers or partners, showing your accomplishments gives you credibility. When someone is a college drop-out, I don't think to myself, "wow he was smart for dropping out of college". 

If the perceived down side here is losing two years of time to finish college, that is really a non-starter reason. Two years is nothing in the grand scheme of life, but that is hard for a 20 year old to understand, because often in youth people lack patience.

If you look at hiring trends of companies, they are actually more likely to require a college degree now versus 20 years ago. So the idea that the new economy makes college irrelevant isn't really true. 

Either way good luck guys. 

Demolition I think most people overlook