Every decision you make around your education is evaluating an opportunity cost. In this video, learn how to estimate opportunity costs for decisions around your education and future.
- I'm here to tell you that opportunity cost matters. So, what is opportunity cost? It's what you give up to get something else. And life is a series of trade-offs. Every minute you spend sitting in that classroom is a minute you could be making money. It's a minute you could be getting ahead in your career. It's a minute you could be traveling, and really adding value to the world. Why? Because the compound effect is so powerful. So, what do I mean? If you're in debt, it means you're paying interest, which is the price you pay to use someone else's money. But if you're debt free, you get to loan your money to other people, and make more money on that money. So, debt money compounds, and investment money compounds. There's also a compound effect in skills. If you can get out of college a year or two years earlier than everyone else, you have two years of skills that are compounding ahead of the people you were supposed to graduate with. So, if you can save time in college and graduate early, you're going to be miles ahead of your peers. And that's the whole point of this program, is to do it better, faster, and cheaper than everyone else. So, if that appeals to you, this course was made for you. You're in the right place because I'm going to help you do college better than everyone else in your class so you can get ahead in life. By the end of this course, you're going to understand three things. First, I'm going to help you choose your career. You're going to figure out what your personality is, what your strengths are and what classes you like. And that's going to help us find your career. That's going to be so important when we talk about finding your major, and helping you choose a college. Second, we're going to help you win some scholarships and receive some free money to help you pay for college. My goal for you is to get a quick return on your investment into this program. One $1,000 scholarship is a 10-fold return on your investment. And I'm so passionate about scholarships because one $2,000 scholarship over four years is $8,000. And when you realize that you have the ability to have someone else pay for your college, you're going to completely change your mindset on scholarship. So, let's just pause there. You have the ability to have someone else pay for your college, and we're going to help you get there. The third thing is you're going to completely change the way you think about college and the way you think about life. I'm going to help you understand what it means to be a student investor, to look at your college, to look at your life, and say, "This is an investment I'm making. "How can I get the best return on my investment?" Asking that question is going to completely change who you are. And I'm really excited to see the person that you're going to become by the end of this course. So, my goal for you at the end of this program is that you're more confident, you have no student debt, and you're miles ahead of your peers when you graduate college. That's the goal, and I'm really excited to get there with you.
This course was created by WealthFit. We are pleased to host this content in our library.