Lumpy wrote:
That looks interesting Kroeran, Thanks. If such a thing were closer to me I might pursue it. Have you seen on the mises site how they have online courses for fairly cheap, and sometimes free? I thought that was a cool thing. I'm thinking about checking one of those out when I have to time and money sometime. They have them on all kinds of subjects. I'm going to sign up at the local community college soon also, probably for engineering of some kind. There arn't many worthwhile jobs around me, school seems like the best option.
if the economy sucks in the region where you and your parents live, you absolutely must relocate for your career. I am a big fan of Texas, Houston specifically, for its politics and climate.
do your best to look over the horizon to the jobs that will be available in 4 years and 14 years...computers, health, energy, accounting, commercial real estate, certain types of engineering - develop an interest in long term trends, demographics
economics and the social sciences are best kept as a reading hobby or optional courses.
Read the Wall Street Journal. Some forms of engineering were slammed by offshoring of manufacturing, so be selective. Government will be a declining sector going forward.
getting as much education as you can, while minimizing expenses by living at home, is a good plan - unless the parents are comfortable enough to foot the bill for going away to college without taking on debt or undermining their retirement.
education + a no-nonsense professional career + real estate is the proven formula for financial independence.
you can begin with real estate even as a student by renting a large white elephant house near the university and renting out rooms....live rent free. Real estate cannot be off-shored, and is too local and detailed to be completely controlled by the corporations, it can be done part-time, which is why it is the most common entrepreneurial pathway out of salary slavery...and now is the best generational opportunity to begin.
You do have to keep an eye on the Schiller index to know when to be unloading real estate at the top of the bubbles that come along every 20 years and not overleverage with debt. Anyone holding debt free real estate through the bubble and crisis did fine.