You've Got to Decide

Amy says she recently made some money from selling her home. Should they use the money for another home or to pay for her husband's schooling?

QUESTION: Amy on Facebook says she recently made some money from selling her home. Should they use the money for another home or to pay for her husband’s schooling? Dave says they have to choose one because they don’t have money for both.

ANSWER: You’ve got to decide. Do you want a house, or do you want to go to college? You don’t have the money for both. You have to learn the word no if you want to win with money. The answer to one of the questions is no because you said yes to the other one.

I would think very carefully about why he’s going back to school, what he’s going to be studying, and what doors that opens up for him—not, “Oooooh, I don’t like my job, so if I get a degree, everybody will want to hire me.” Degrees do not cause people to get jobs. Knowledge causes people to get jobs. Knowledge that is applicable in the marketplace causes people to get jobs. But degrees are not magic wands. You still have to know how to interview, how to interact with people—your relational I.Q. has to still be there. You cannot avoid that by going back to school.

A lot of people go back to school—really, there’s about three basic reasons. Number one is to plug into a good career, and you’re getting the tools to plug into that career. That’s the only good reason to go back to school. The other two are bad reasons. Escaping life and hiding on the college university from life because you’re unemployed and don’t have anything else to do and decide to just go back to school is escapism rather than heading toward a goal. The third reason is they think if they get a degree that it’s like some kind of big set of keys, and it unlocks all the doors. That’s just a bunch of crap. It doesn’t. That’s how you decide what you do with this particular set of money.

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