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Debating if I should go back to school and finish a bachelors degree.

I could work full time at my 2nd job and receive enough tuition reimbursement for a full ride.

I'd be working two full time jobs and going to school.....but I think i'd be able to handle it. Both jobs are relatively chill and allow me a lot of time typing away on the laptop. I've previously spent the "free time" freelancing learning how to code, creating lo-fi beats and zapping freaks.

The degree might aid me in making more sats into the future, two full time jobs would aid me in making more sats in the present.

Thoughts?

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Discussion

Satosha 1y ago

How about reducing your needs and working only for self ?

TheWildHustle 1y ago

My needs are pretty reduced, I live a humble life. I've had a few business ventures but nothing I see that would enable me to completely work for self.

Satosha 1y ago

I think lot of people don't realize how much rent they are paying .. typically in the range of 30 to 40 percent .. and at times , it appears changing the location is hard - business ..kids schools .. friends etc .. but invariably finding a cheaper location opens up new opportunities..

as a rule , one should not pay more than 10 % of their earning for rent or mortgage .. if they are doing , there is something wrong .. must move to a cheaper place .. with in the state or outside.. within the country or outside ..

TheWildHustle 1y ago

Thats a good point. My mortgage is pretty cheap compared to people around me, but its still a third of my monthly pay.

Although with this 2nd job i've picked up it almost turns into a sixth.

Saw a few videos about van life and camper life living. Me and the wife like the idea, but havent gone beyond fantasizing.

Living with the in laws or my parents isnt worth the satoshi's........unfortunately.

Will think on this more.

Satosha 1y ago

There you go .. you are in mortgage trap :-)

The question you must ask , is your home in such a location that it is appreciating at least 20 % year on year ..NO ..I am not suggesting to sell home to buy Bitcoin :-) the home that you live in worth more than any money particularly if you have kids ....but if it takes away a third of your compensation ..then may be you need to get out if the trap ..

American dream works only if you mortgage in top location ..cuz then keeping the home gets you a lottery at the end of five years adjustable .. if it is growing 2 -5 percent ..it makes no sense to stay trapped ..

Camper Van is another idea for the rich :-) .. cuz you won't be able to take roots .. what you need to think about which place and which work gels with your passions - say #bitcoin or #nostr ..

For example - I would have moved to El Salvadore and may be open a small corner coffee shop .. and make that a social media sensation on #nostr and in #bitcoin world .. just a wild hustle :-) as your nym suggest :-)

TheWildHustle 1y ago

Will consider my options.

Followed and zapped.

The trap is real.

szarka 1y ago

If you have a specific career goal where a degree is needed, then of course it makes sense. I did my undergrad degree while also working full-time, often 40+ hours, though TBH two FT jobs sounds like a bit much. LOL Maybe part time is an option?

Otherwise, I'd ask myself what else I could accomplish with the time I would spend on classes. For someone who is smart and self-motivated, the cost might still be too high even if tuition is free.

For context, I have a PhD and teach at a college. ;)

PaddleManJoe 1y ago

I am an electrical engineer working a decent fiat job. If I had stacked SATs at minimum wage instead of go to college in 2012 I would be retired on generational wealth by now.

I work in a cool industry, have some cool skills, and make okay money, but find myself wishing I could do some Bitcoin related work. Every now and then I contemplate brushing up on coding skills.

Its hard to tell with the opportunity cost. What would you miss in the next couple years while in school? What doors will that degree open? It could be very worth it if you are getting a technical degree. I know a guy who took 8 years of part time classes while working full time to get his electrical engineering degree.

TheWildHustle 1y ago

With tuition assistance, i'd be going to school for free.

I'd get tuition assistance if i'd work the 2nd job as another full time.

Both jobs give me the ability to study and do other things at work.

The opportunity cost is between freelancing harder or obtaining a bachelors.....I think.

nix 1y ago

Unless your dream is to be a doctor or something similar which absolutely requires a degree, going to university is probably a waste of time. Unless you do it for the fun.

If your goal is to make money, look at what business you can bootstrap. Read Make by Pieter Levels (https://readmake.com/), listen to some of the episodes from the IndieHackers podcast.

TheWildHustle 1y ago

Was thinking lawyer.

Its a moonshot, but i've worked as a legal assistant for 6 years and have around 30 credits.

My primary goal is probably just to stick it to the haters.

Interesting book, I'll checkout the lex interview as well.

nix 1y ago

Studying law may well be worth it, if it is what you want to do. If you are just doing it because it is prestigious and earns well, research the potential impact of AI on it. Many professions will vanish in the next 10 years. Learning how to bootstrap a business can be as profitable but is much more resistant to change.