what's up YouTube this is Ryan Hildreth
here with Tanner Fox and today we're
just going to kind of rants kind of off
the cuff and I wanted to talk to you
about I wanted to hear Tanner's view on
college because I know I did a video on
college and what I thought
I want to hear Tanner's view and then
opportunity cost because I know a lot of
you are into business and
entrepreneurship and you have to look at
life with opportunity cost in your mind
so exactly let's kind of start off with
your view of college and maybe talk a
little bit about opportunity cost yes
so my view on college is obviously some
professions you need it some you don't
if you want to get into business or even
do anything on your own there's no need
yeah now you still have to go learn
online and teach yourself everything
that's what we did but you don't need to
go college but if you don't know what
you want to do if you want to be a
doctor a lawyer anything that obviously
needs a degree like that then yes I'd
say go or if you really don't know and
you're let's say your parents are going
to pay for you just go until you know or
until you start something and our making
consistent money yeah because for me I
mean I went for a year still even when I
was doing twenty came up hey you know
halfway I was forced to but
realistically I could oh I just don't
want to waste money on rent moving out
yeah so if you wanted if your goal is to
make money don't go to college if you
have to pay for it don't go now if it's
contingent like oh that's how you live
at home otherwise you got pay rent and
yeah you don't have making money then
just go and skip classes like I did and
this is going out but yeah it's not
necessary if you want to do like if you
want to work your way up in a business
be secure work someone else then yeah go
you need to agree otherwise you're going
to get stuck somewhere
exactly but other than that yeah I mean
and I said take the first semester off
you know if you're graduating high
school take that first semester to just
pick up some career books you know and
read a little bit before you start
college so you have a better idea of
what where you want to go with your
college career with your degree but if
you look at things like opportunity
costs wise for me I went to college for
you know six years so and I didn't get a
degree that was
I switched multiple degrees you know
first I studied molecular bio then went
to business finance um but if you look
at things opportunity costs wise in
those six years you I wasn't working
like oh I had a you know I was a
bartender and I was working at an
investment bank but I wasn't making much
so really I was kind of breaking even
because I had to pay for school and you
know if you're breaking even for six
years you could easily not go to college
for three years try to start up a
business even if you're making 5 to 10k
a year and you're still 30000 head three
years down the line are in debt and not
in debt you know what I mean whereas in
college you're breaking even or in debt
so that's kind of the opportunity cost I
look at so look at it in a in a business
perspective like do you know exactly
what you want to do with your career if
not then I suggest taking a semester off
yeah agree oh yeah the same thing for me
the opportunity cost wasn't too high it
wasn't like oh won't lose money it's
yeah not having time to do more things
so for me I could have gone to school
and still at time to do stuff what
happens Eero social life or do anything
I enjoy like video games whatnot yeah so
I decided I'd rather drop out have time
to work more and do the things I want so
I'm balanced yeah so that's what I did
and that's what I do now yeah so I have
time to do everything yeah exactly and
this guy started off kind of he already
knew he wanted to do something
entrepreneurial whereas I started off
not knowing what I want to do so I
partied a lot in - college and I kind of
just went you know the whole fraternity
route and like I didn't know what I
wanted to do so I think it's good to
have a sense of what you may want to do
and then go from there because yeah
college is expensive and we know how it
is like I was living
paycheck-to-paycheck
up north and it was horrible so you have
to look at opportunity costs in life in
business what would you say the
opportunity cost of being an
entrepreneur like it kind of give your
perspective on that for I don't working
versus working corporate for a couple
years
saving up you know maybe
be grand after a few years of working
corporate then starting a business yeah
so when you do that when you're let's
say you're working corporate you know
how much you're going to make you're
never going to really get more unless
you have small promotions which you're
still like oh I'm making 10,000 more a
year now which is yeah nothing yeah and
when you're entrepreneur the only
negatives or like opportunity cost I
really see is your income can fluctuate
which is good in bed I mean 500 K months
and then a zero month it's still more
averaging out then more than that but
yeah I mean it's it's not even more time
I think it's less time a 95 it's really
not that much work depending what you
want to do if you work smart yes and
it's just inconsistency if you can
handle that and just a little more risk
which I like to take bigger risk
financially yeah but not in other things
and then most people have opposite
because I'm young I can yeah that's the
time to do it yeah and see this guy he's
21 and he's taken such big risks at his
age when I was his age I was kind of
scared like I didn't want to do that and
that's definitely being around Tanner
has helped me kind of you know push my
boundaries and taking more risk because
I've always been very conservative so I
start with like 2,000 dollars in my bank
account and $2,000 is it seems like a
lot but obviously it's nothing
yeah I could go work for two weeks and
make that yeah anything
so do I risk the 2000 when I'm 20 and I
can live at home I can do whatever I'm
fine
even if you can do I risk that to make
what I'm making now my dad said that I
wouldn't have done any of this yeah so
is risking $2,000 worth changing your
life forever making millions a year now
yeah yeah especially when Oh worst case
oh I lost $2,000 okay now let's go work
six more months or I'll just work this
summer and make it back right if I want
to I just live at home I just do
whatever it's it's not a big risk now if
you're older you have support people
yeah it's more of one but yeah for sure
and I think I learned that when I
started you know buying courses online
to learn about different things that
they didn't teach in school like trading
in the stock market and you
trading options and social media
marketing and stuff like that when I
started spending money on those courses
I was like oh my god I'm like spending
my money and then no but I actually
learned something enjoyable I was like
wow like I could really use this you
know and we see all the opportunities
when you start yeah so I don't know I
think I thought we just kind of rants
about that a little bit but I hope that
you enjoyed this I hope it helped you
out a little bit
look it remember there's an opportunity
cost with going to college especially if
you don't know what you want to do but
if you do want to get into
entrepreneurship think about that that
weight of what am I going to be in debt
for college or should I just you know
take the risk and maybe make five to ten
grand my first year or second year of
entrepreneurship and you know live at
home with your parents or you know rent
the cheap apartment yeah so yeah take
take that into consideration and we'll
see you in the next one
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