Hey simple passive cashflow listeners. Now, today we are going to be listening to a podcast they recorded a while ago, as many of these podcasts are. So if anything happens to me and I die, they’ll probably be simple, passive cash flow podcasts going on for another year and a half. So just in case, you’re wondering, but we have lots of staff that kind of help me get these episodes out, in case I cease to live on this planet.
Now, I’ve got a kid and, the way I’m doing the whole college savings thing is I’m creating an infinite banking program. Where I just stuff, a whole bunch of money and to here and I’m going to invest it in the first decade or two of the kid’s life. But as they reach the end of their high school career and they may look to go to college, that is when I’ll start.
Instead of taking a hundred percent loans on my infinite banking and investing in a better investment. It’s making money in places. That’s when I’ll start to replenish it, if they need it. And this is why I don’t know why anybody does 529 plans because number one, it’s just garbage investments.
It’s like the 401k, investing for the clueless. And number two, you can only use it for educational stuff where there is infinite banking. It’s if a kid just wants to go to Portland and drink coffee and play the guitar or whatever the kids do these days you can use that money and infinite banking to invest more.
So you can go live your own life or do whatever you want. And I think that’s for those two big things, like 529s, don’t do it guys like seriously. Get an infinite banking program. I think it’s a great way to use your savings for this type of stuff. Check out the free infinite banking e-course at simplepassivecashflow.com/banking. You can get access to it over there, or at least, read the quick primer on this. We’ve had some last podcasts on that topic, but if you guys are in Seattle, I’ll be up there next weekend. Go to simplepassivecashflow.com/event. So while traveling, I always stop over at one of our investors in California, the west coast, and meet as many as you as possible.
So see people who joined the club, simplepassivecashflow.com/club. You’ve booked your onboarding call. And I want to get to know you guys, and I want to attract the right people into our culture and our community and see who’s a good fit for our family office group which is our inner circle.
Again, we want to get to know you guys. Join the clubs simplepassivecashflow.com/club. You guys have friends, family, and have signed up on that link too. Another reason to sign up for that link as you get access to insights, stuff that I’m doing I’m actually going off to somewhere. Past Seattle. I’m not going to say where, but I’m just going to be cool. It’s going to be a little bit different than some people are used to, but you only get access to that if you join the club, be with the cool kids.
Hey, simple passive cashflow listeners. Today, we are going to talk to a college admissions expert. Try and get you guys’ kids into college. Maybe they’re not so smart. Maybe they don’t have enough extracurricular activities. College, maybe, isn’t everything. But in my opinion, it’s great for networking and it gets people up to a certain level, maybe colleges, the new high school these days.
But if you guys haven’t seen the Netflix special, I watched it. It was super fascinating and it’s called Operation Varsity Blues on Netflix. I highly suggest it, but it’s a college admission scandal. Took us a while to figure out what the heck this guy’s name was because it seemed to have disappeared from the internet.
It was Rick Singer. So, he figured it out this way to get people in the side door where the back is, people will pay like a boatload of money. I dunno, like quarter a million in billions of dollars to get people into the top colleges.
Basically they would find all these sports teams that nobody ever wanted to join. Like boating the yacht club or whatever, and they make four big profiles. They call this the side door. And it was a lot cheaper and a lot of very high net worth people. And I’ll be honest, whether it’s morally right or wrong, I would see a lot of high net worth people thinking about this type of stuff.
With it being a doggy dog world out. And maybe your kids are just a little spoiled or tell me as most, second, third generation kids are right. Nothing to your guys’ fault. It is what it is. Let’s just call it out, by giving your kids or grandchildren a college education in your mind. And I would probably agree that at least you keep them off the streets in a way.
So this is important stuff and it might be worth the risk, but we’re going to talk a little bit about how to do this, the straight arrow way. Our guests here, an audio to silver killer boar who runs a company called personal college consulting. So she works individually with people, and does this the legit way.
But thanks to the audio for jumping on ain’t. No problem. Thanks for having me. Yeah. Why don’t you give us a little bit about your background, how you got into this type of a niche field? Sure. So I’m actually an attorney by trade. It’s what I’ve been doing for 27, 8 plus years, and got into.
College thing by trial, by fire a little bit through when our son was going through it and friends and so forth. And we just, we found out so much about what they’re looking for and how to work the angles and up your profile. And actually, it’s important at all different social economic levels, because if you have financial needs, You’re in a different formula.
And then my husband and I were like, we’re getting zero financial aid money, but I still don’t want to overpay. So what we found out about was this whole other world of what’s called marinade, that’s out there and that’s not based on finances at all. It’s based on. How do your students stand out, fit or Excel at the particular institution they’re looking for and that their scholarship band or grant money there to entice you to go there instead of somewhere else?
Because basically they’re giving you a discount and you need to know if you want that or, to bridge the gap between what you have saved or can afford for college. That’s really important because. All things being equal. Why would you want to pay 50? If you can pay 40 or pay 30 instead of 40 or whatever it is that your range is comfortable at.
So that varies for every family, like where those numbers come in to be. But the point is that those funds are out there and you have to know where they are. How much as possible to get, and if your students are in the running for those funds, just because it’s, there doesn’t mean they’re going to get it.
Right, so your business starts with the number side, which is very similar to any other business associate’s mind. People come in for deals, investment returns, taxes, but then you grow your business. You start to realize a lot of the big benefits people get is more on the softer side, that the.
Consulting of the students to get them ready for the admission process. Absolutely. For me, it’s all about the metrics and setting the proper foundation for each student. So the more time we have the better and then really advance what we have for them. So they pop wherever they’re looking for. But you run into a lot of times where either the parent or the student.
They only know the schools that generally, everyone knows or are local to them and they might not even know why they know that school or why they think it’s good. I’ve just heard of it. Or Mary Jo’s friend went there whoever, and I’m like, yes, but what do you want to get out of it? Because you need to match that up. So I take that emotional side out of it and really focus on where’s the best ideal fit for what this kid can Excel.
I’m in my late thirties now. I think I know a little bit more about the colleges than the parents out there, but I’m getting to a point where I’m like, admittedly, just saying that this college has a good football team or University Southern California is like this type of student.
I don’t even know if Arizona state is the best party school out there, I’m behind all the time. I guess if you wanted to search by party schools, we could, if that’s the important criteria generally that’s something we might highlight is that a school is notable for it, but it’s certainly not generally what people are searching for. You do this every day. And I think this is why I really, a lot of smart people, not only for college stuff or this type of need is, you go and hire consultants, people that live, read this stuff all day and you pay them for what they’re worth. And you’re smart enough to know that you’re not an expert on this.
Yeah, it’s very helpful. Especially where there are people with higher incomes. We’re also busy working and doing what we need to do to keep our earnings up, that you don’t have the time to dedicate to really doing a good search that fits the needs of your particular student. They’re on their own and they’re certainly not.
Any kind of guidance like this at school there, that’s not their job. Honestly, their job is to get your kid through high school, the less problems they have, the better student they are, the less attention they get on that matter. And that’s just the way it goes. So before we dig into the process of what you work with these clients on, let’s have some fun.
What are the kinds of the top three? Schools that are the most valuable that people wouldn’t think of. Otherwise, just off the top of your head. Oh, that’s tough because we have caused people to listen to podcasts and they like this free concept that they get. And a lot of people that they just listen to because they have.
Sounded cool in front of their friends. So let’s give them, I’ll tell you one thing, for example, the Ivy leagues are fantastic, of course, but for you to really get funds at an Ivy league, you have to have financial need. So if you’re a high earner and you have a talented student, obviously to get in there, you’re not going to get money from them, but then there’s.
Amazing other schools that we only have eight Ivy leagues and we have over 4,000 colleges. So come on, do the math. There’s a bunch of amazing schools out there. So for example, I have one student from last year’s class going to Middlebury up in Vermont, right? That school she got, I think a total of $306,000 over four years.
So basically costing $1,400 out of. Per year, I think that’s a slam dunk, right? So you have to know where these schools are, where these pockets are. That is fantastic. It’s considered a little Ivy and it’s perfect for her. And yet she hadn’t even heard about it or knew how great it was for the program she was looking for.
And it was amazing. So that one just comes to the top of my head because it was such a. Opportunity for that family. Any other couple real quick, you can look at some of the schools while I’m east coast based. So of course I’m going to have a preference for out here. But Hofstra tends to give out a lot of good scholarship money and has really good programs.
And if you want to go out into central New York and you’re more tech minded One of their great tech schools is Rochester Institute of technology. Not only has all the tech programs as a stem based college, but has a business school and all sorts of communications and media majors as well. So it’s really a nice mix of a lot of different things that you might not think of when you think of a stem based school.
And they also tend to give out very good aid. And then I guess the opposite of that, what are the. The overrated schools that you think, maybe here’s some of mine. I hope I don’t offend anybody, but yeah, everybody gets offended these days. There’s so many different podcasts and colleges go to one of those guys, but, but just so you understand the kind of the type I’m thinking of, but like the University of San Francisco University of Pacific, they are expensive. Maybe not the best, but it’s for folks that couldn’t get into SC it’s, stuff like that. I don’t know, correct me if I’m wrong, but if I’m pulling up this is not what I do. So it’s just whatever, like my opinion means nothing at this. There are some that are overrated that a lot of people will go to, but you’re like, man, really Really depends on the region you’re in because your folks are on the west coast.
Exactly. So I’m gonna have a more generic answer to that in that a lot of times you have your big state schools that are your div one powerhouses and football and whatnot. So everybody knows that, so I was like, yeah, I’m going to wherever. And then you look at the metrics of the students that go there.
I’m like, really? That’s the best one you wanted to get into. And all right, for me, that’s overrated because if. Metrics grade-wise SAP wise are way better than their average, and that’s what you settled on and you didn’t get funds for going. I don’t understand those decisions. That to me, doesn’t make sense.
And adults and off the top of your head, kids went here. When you think they maybe should have been better off here for a certain. Sure. I have one that’s going to our flagship state university, which is University of Massachusetts Amherst, which is a very good school hard to get into, but she got into a different state school in another state in New England that gave her $120,000.
If she had gone there, she could have gone there for half the price and the difference would have paid for grad school going after something like, again, I’m metrics and money based. I don’t understand that decision, but you could only lead them down the path. And eventually everyone has to make their own decisions.
So she definitely didn’t pick the least cost nor necessarily the best rate. She picked the one that I think had the better party scene, better football team. There you go. So there’s so many other subjective factors. Like I say that, go into it, but my approach is to focus on the metrics of it.
What does the student really look for academically? What are they looking for socially? If they have an extracurricular that they’re passionate about or good at, that should stay in the mix because once you take it out at that level, you can’t get it back in later. And then financially what fits the needs financially of the family so that you’re getting realistic about.
All right. Even if I can get into the school, how are you going to pay for it? So you need to know your chances of getting in. Money, they are going to range from X to Y. And if that’s not enough, then we shouldn’t be focusing on that school. A lot of these colleges, the pros and cons of them, but for somebody listening that is that podcasts are the cheapest person that doesn’t want to pony up and pay an expert like yourself, what is like that minimum effective dose that they can do?
What do they do? What is it that makes a scene? That’s probably very biased. A day or whatever us news and world. Yeah. Whatever that is. Or the JD power and associates of college magazines or something like that, like whatever the heck that it’s worth. Is that the best thing people have if they want to do it the cheap and easy way?
No, but it’s one that I use to point out rankings because everyone’s familiar with it. So there’s a lot of different resources and I think the ranking should be. Maybe the last factor you factor into as a tiebreaker. For example, I’m looking at this school and that one everything’s coming in about the same.
And then you look at a ranking and say, oh, maybe this one’s more well-known or whatever, and that can help you in those things. But I don’t think you should be picking schools to start with based on us news and world reports, rankings, because. One of my pet peeves with them is that they don’t compare apples to apples.
They have everything chopped up in different segments. So you have national college rankings, you have national liberal arts school rankings. Then you have regional north regional, south regional, mid MES, blah, blah, blah, blah, blah. So how do you know you’re really picky? One of the other lists I like, because it’s just a number again, it’s just like numbers, right?
If you look at the Forbes list, If you even make the Forbes list, I think you’re in good company because they only rank about 1600 colleges in the US not 4,000. And they just gave you a better list, right? Yeah. You’re in the top third practically already. And then they just give you a number of one to 1600.
That’s great. And then you have things like the Washington review which really did a good in-depth study over a long period of time and analyzed, okay. This is what it’s going to cost you to go here. And what’s your return on investment after. Five years, 10 years, 40 years. And that’s where you can really go and look and go, oh, maybe the school really is overrated.
If my return on investment is only X after so many years, so you want to look at those things and then you have stuff like the Princeton review you have, Fisk’s, there’s a lot of different outlets out there that have spent time looking at schools, but not just because. They want to get into your Snoop symbol ports.
They’re analyzing them based on how well did the students do after they graduate or what are they employed in? What are they making? How much did it impact their social status? How did they feel about the campus and how was their experience over four years? There’s so many different things to look at there and then give you an idea.
If that’s a good value. I really liked print. I think there are 365 colleges. I think they put that out every year and they really focus on schools that have a good value. So again, that concept of return on investment and maybe schools you’re not as familiar with because they’re not huge names, but they do really well for those students.
Yeah, that word value that makes people’s ears perk up purpose, that the audience, they love that about value. I want value for my dollar. The price is the number you pay, but the values that you get, not always. Exactly. And I always tell parents when it comes to the social aspect of school. So I like to be realistic, you need to have them engaged and want to be on campus and involved because. For those of us that all have been through college. I’m like, what are you going to do between Thursday night and Monday morning, not study, probably. So what else is going on campus or nearby? And if it’s not what you want, then that’s not where you should be.
Yeah that’s what my parents thought. I don’t know why they spend all that money for that. But, yeah so again, check out that operation, varsity blues, Netflix show, but they talked about the Lori Loughlin scandal and it was not only her. It was also this H Macy guy that actually got in trouble.
Yeah, you’ll see her name come up. She paid again, I’ve watched the same special, and obviously I have an interest in this stuff. She got in trouble because she paid someone else. And she didn’t realize that she was paying someone else to take her daughter’s SAT. And what she was sold was that Rick Singer told her, oh no, I have a contact you can pay.
So she gets more time to take the test because she might have some kind of learning difficulty or whatever. And there are some ways to do that. If you really did need it. But what he ended up doing was this was not the real test. This is a whole side thing. He arranged with someone else reviewing her answer.
So her score was way better. And then somehow submitting that to the college board. That’s just cheating straight up, so what are some things you’ll work with folks that are a lot more moral than straight arrow that I think a lot of people just don’t realize is in the bucket of trig.
Yeah, we don’t do anything like what this was doing. That’s crazy. But you do want to maximize your portfolio as far as the student’s identity goes. And the more you can, like I said, pop at the university that you’re trying to match with the better. So take advantage of everything that students do, so if it’s a sport and they want to play well, first let’s get real about how good they are at it so that you can target the right division of schools. Are we looking at a div one athlete, a division two division three, they’re all different and then make sure that you’re identifying schools that will value that aspect of them.
So if you have a hockey player, that’s applying to a school that doesn’t have a hockey team. It really doesn’t matter. Now. It doesn’t show how great he is at that sport. That’s just silly. You want to make sure that things are in their mix and that fit their level of talent and interest and that the school values that.
And when I say they value it. They’re going to give you some funds for choosing them. And that doesn’t necessarily have to be tied in as a sports scholarship. Cause you really only going to get that at a dim fund. So that’s an easy one but let’s just say you just have a smart kid, but they’re really not the.
Athletically inclined. They must have some interests. So you want to make sure there’s other things in there for them. But the first thing to do is to diversify by geography. I always look at these things as tiebreakers, this person has the same profile as another person, same grade scores, SATs, whatever, but everybody that’s going to this school is from.
And you’re applying from Ohio or California or Nebraska. Right off the bat, you’re going to stand out because you are diversifying their geographical profile versus everybody else that comes from primarily the same area that they’re used to seeing. I know that what you see is right. If you’re an outsider, it’s extremely difficult to get.
Where are the UCS? It’s difficult, but it’s not impossible to get into a UC for boys or an outside state. And that’s because your state schools are always going to be financially in the best value. If you will, especially if you’re a higher earning family, that’s not going to get any financial help.
You’re going to pay sticker price, at least, the sticker prices that, but what I do with that information, I use that as my baseline. How close can I get to that number? If not better with other schools and generally speaking other schools that are private, have more funds to work with. And sometimes again, depending how you stand out from another state school.
Mike comes in, less expensive for you, depending on what’s going on, because remember you’re paying a premium to go out of state somewhere else. So right away, just economically they have more to work with. Do you understand? Got it. So if someone has for example, what I call a rock school in line, they might not be an athlete, but they really want to be involved in that big campus spirit.
Another state school that is very well known and very good might actually come in less expensive on net dollars than your local one. And I’ve had that happen as well. So let’s take a kid who is not very good at sports. He’s about a buck 50. I’m not the smartest kid either.
Plays a little and is pretty good at call of duty. Yeah. Maybe D and D. Yeah. Colleges don’t look for that. Like where do you take us through your process? So you start working with a kid, ideally like earlier, or like junior year what’s. Oh my God. If I have my blank slate, I want to start working with a kid as a freshman because starting freshman year in high school, you are starting the foundation of everything that’s going to come later.
So when we look at GPAs. As a senior for applying, for example, that GPA is not just the number it’s based on the strength of your schedule as well. So someone with a 3.0 versus someone with a 3.0 who took all AP classes versus someone who took all basket weaving has different credentials, right? So it’s the strength of the schedule.
So you always want this. To be doing as well as they can do in the hardest kind of class they can handle. And the problem with that is if you don’t address this till junior year, it’s too late, it’s not going to make a difference later. And you can’t, level up if you will. It’s like riding a bike, if you can’t handle it, Yeah, then go ride a tricycle. But whatever it is, we need to know where their lane is and then build on that. So if I can get them early, it’s great. And then you want to start seeing where their other interests are. I don’t care what they do to tell you the truth, as long as they like.
And they get good at it. There’s I think a misperception that you have to have a million extracurriculars and have all sorts of, pro bono activities and things going on, and that just, that’s not necessary if you’re good and passionate about something, do that and stand out at it, but figure out what that is.
So start early, figure it out and then pursue it. So it’s important to do that. And then I. That is starting to be a profile for this kid and they see where they’re at. And then I start looking for schools that speak to their strengths. So if you have someone that’s STEM-based inclined and they really love.
You should stick to those types of schools rather than looking maybe for the liberal arts, but the opposite is true. You have a very articulate, great writer and they Excel at history and English and really math and science are not their best things. Don’t put them in an environment that’s going to stress those types of academics versus the ones that they’re better at.
But also keeping there I’m about opportunities and keeping their world open. Because a lot of times what happens at the high school level, you don’t even know what you don’t know yet. There are so many majors out there that you’ve probably never even heard of. So the idea is to get into the right environment in a college or university atmosphere, so they can explore that, but you have to set that environment.
And what works for one does not work for the other. My other pet peeve with these counselors at schools that I just don’t think are helpful at all. They’ll just set them off on a little computer program and say, Hey, go look at that. And the problem with that is it’s going to always start with the same.
You want a small school, a big school, a suburban school, an urban school. Do you want to campus, do you not want to campus? All these questions, I’m like, how do they know if they haven’t even been anywhere yet? You have to compare apples to start figuring that out, but don’t go Willy nilly looking all over the world for this.
You should start with the metrics that make sense for you. And then look at them in different environments and start seeing what stands out for the student. How does the cadence of interaction work? Then, if the parents are smart, they’ll sign you up very early, right? Like maybe freshman year, but what do you do with them for an hour to zoom every quarter, twice a year, or.
It depends when we start and how much time, because I’m all about a project-based approach. So I want to set the universe with. Research of who I think we should start poking at. So the more time I have, the more they can consider, then I want the students’ feedback and we’ll talk through those different things.
And then you start to see the patterns emerge. What’s standing out to them, what’s speaking to them. And then we’re going to start zeroing in on which ones you should reach out to. Maybe try to get some feedback on coaches or missions, and then setting those visits and becoming known to that institution so that you’re on their radar.
So generally speaking, I’m talking to them to start with at least once a month and as things ramp up. Weekly daily texts, zoom, telephone calls. It’s a very fluid and cooperative building rapport with the kids so I can’t tell you how many times we’re texting at 10 o’clock at night.
Just Hey, what’d you think of that? Oh, that’s great. That set me off this. And then, and then when they want something a little bit more formal, it’s usually at a zoom meeting. Most of the kids until they’re seniors aren’t even driving. So it doesn’t matter if they’re local or far, it’s the same thing.
And we’ll go through it. And then as seniors before, like this time of year in the summer, This is what I want my seniors writing the essays. So we’ll go back and forth. Give me some drafts. Let’s spin off some ideas and then I’ll look at them and go, okay, what do you think here? We’ll go through it.
Sentence by sentence, word by word, till we have hammered it down. Cause you have a word limit and you want to make sure that you’re conveying your idea, articulately and accurately. What you’re trying to say, but at the same time, beef up your profile, if you can, in that sort of a way. So it’s nuts to soup, right?
Start to finish all the way through until they commit. It would seem to me like the parents that are signing up for this type of stuff, they might be a little bit more on the overbearing side. And maybe do you see any, are some of the kids in it too? Or are there more detract?
That’s a requirement for me. I’m like the first thing I say to the parent is one, the student has to want to work with me because I put. Tons of time and effort into this. And I want their feedback. I want them to be able to communicate and articulate their thoughts with me. And if they’re not interested in doing that, honestly, I don’t have time for that.
The parent can step back or be as involved as they want, but for the most part, I’m working one-on-one with the student most of the time. Some parents are more hands-on than others. And then others just can’t follow directions. I’m like they say they want help and guidance. And I tell them exactly what to do, and they’re always too busy to get there.
I’m like if you’re too busy, now, it’s just going to get busier as they get closer to that graduation date. And then they run the gamut all over the place. But wouldn’t it be nice if the parents just let the expert do its job and kind of help as they come along or if it needs to be, and they’re wonderful.
They’re the dream clients. They’re great. Yeah. From the kids that get the most out of it, what kind of a relationship with the parents do they have? I can see some kids. They may not want to go to college, right? Yeah. Their parents think multiple six figures and their day job because they got to college.
They have this big degree, but what if they’re, if their student doesn’t want to go to college, honestly, they shouldn’t be working with me that I am not their shrink or psychologist. I’m not here to change who they are. I’m here to present them in the best light possible and find them the best.
Situations where they can thrive. And that’s different for each student. Like I’ll have some students that are super talented and then I have others that have the drive and desire. But like you said earlier, they’re not the top students. But they still want to go there and they still have ambition to do certain things.
So we have to make sure we’re looking at the right schools for them. There’s a place for them if they want it. But if they don’t want it, they’re not going to go anywhere. So then the follow through, I think those two instances, those examples, that’s workable, but I think the listeners, their worst nightmare is a capable semi capable kid.
And it’s just, they’re interested in different things, right? Yeah. And I have one client now where the student is actually very smart and talented. And the mom is very nice, but overbearing and they don’t communicate well at all. I’m always like the buffer and what she wants and what he wants.
Don’t really line up a lot. So do you want this? If you want this, let’s go down and do it this way. And then again, do they follow through or not? Sometimes the parents do. Sometimes the student does more or not, but she was all hung up on one Ivy school. And I finally had to say to her, he’s really smart, but he’s not getting in there.
And he doesn’t even want to go there. So no, but I’m just like, I don’t get it. It was more about her status. Then what was better for him. And he flat out said, I have no interest in going there. And then when I watched that Netflix special, it became very apparent to me. I didn’t realize that, cause I don’t have kids that age, but like it’s a big pissing contest.
Right? Which school your kids go to. And that’s why that guy was able to take such advantage of the high pain of ridiculous fees, because it had nothing to do with the student. It was all about the status for the parents. And that’s unfortunate. That’s not what we’re doing here. I’m all about the students and letting them know, Hey, oh, you’re interested in game design.
Wow. Do you know that there’s these schools here that do this and they’re like the best in the country, if you really want to do it? And their eyes might pop. Oh my God, that’s great. I would love to learn more about that. Because that’s their interest. Does mom and dad want to do that?
No. What about somebody who’s really interested in YouTube, Ben, all this type of stuff, but they don’t put any effort into anything. W what do you, as a counselor come in and get that stuff. Where are their grades at? Yeah, it depends. It depends where they’re at, they could still do very well, but academically is that where their interest is?
I don’t know. But as a side note, it’s gotten really popular on a lot of college campuses is e-sports do you know what that is? Something that’s very competitive and I would advise people not to get it. So that is my own opinion, because my thing is about what is it? You’re okay. Or. But what is it?
There’s no competition. E-sports, isn’t it credible, but it’s a club, right? It gives those like geeky kids that just want to play video games an outlet too. All right. I can still be a good student and then I can still go do some of this with kids with like minded. This is probably a subject more for the rich uncle channel, right?
Another YouTube channel I do, but from my business perspective, right? Like when you’re writing content, You’re looking at your writing for what’s needed out there, but what is little competition? Some of the worst, it might be wrong about this, but like some of the worst of occupations in the future, like computer programming, perhaps because everybody’s doing it and when everybody does it, compensation goes down and it just becomes more of a rat race.
Not saying, I’m not saying I’m sure it’s true. And people who work as pure programmers, please do not get funded. Stay away from the things that are highly competitive for you, especially, if you don’t want to do it at first. Yeah. One thing, if you don’t want to do it in the first place, you shouldn’t even be considering it, but you have hit something, a topic that I try to stress to the parents and the students at this level, because remember I’m dealing with high school students and I encourage them unless they really are helping.
A particular profession. I really encourage them at this point in time to not pick a job. Don’t think you’re going to call this to just be X cause most people graduate and go work in something completely different than what they thought they were going to do. Or they go in thinking they’re going to be something major and then five majors later.
There’s something else. My focus is what are you good at? What do you enjoy actually putting the time into, to do well with, and let’s make sure we’re getting you into an environment academically. That has more things in that arena, because I believe that then they’ll figure out their path and start to follow what makes them excited.
Sure. It might be a bad example, but kids, they might have the foresight to know, oh, there’s business school or business, make money. I want to make money. Is that not legitimate? Like interests? To me, it’s just dude, what do you know about business? I think if you can get into the zone, when you’re doing something and it involves numbers or ratios or calculations and you lose track of time doing that kind of stuff, then yeah.
I think you’re going to be more business math, economics minded. And that should be maybe something you want to consider, but if it’s like torture to get through those type of. Endeavors then why would you be focusing a career on? Yeah, I know myself. The only reason I became an engineer, cause that’s what I was brainwashed to do.
And one day I Googled what do engineers make? And they’re like on the top of the list without having to go to grad school. So probably I didn’t, I didn’t talk to anybody like yourself. I just went down that linear path, but yeah, I dunno. Pardon me? Let me know your thoughts. So this is just to get them down the line, just get them to college so they can actually grow up and actually get closer to the end game. Yes. I call it hunting. I think college, and I’m a very big advocate of living on campus. So again, getting your boots on the ground. That this is the environment you want to be in because I want them to stay there.
I don’t want them to come home every weekend or hardly ever because they should be immersed in the experience. But the reason for that is that it’s really a bridge to adulting. This is where a lot of kids are going to learn how. Grow up and take care of themselves and do things in summary controlled environments still.
So there’s a safety net, and that’s important. Otherwise you get out and then what, you don’t even know how to make yourself dinner or wash your laundry and go to work. That’s a basic skill. Cool. Let’s get there, and if you’re just always being coddled by mom and dad, All you have to do is open a book.
That’s only a small piece of being able to be successful later. I think a lot of people in our community, the younger and the older folks, because we have two splits in our inner community. They, the younger guys, they’ve been lucky enough to fall in a high paid salary position where they get a hundred, a couple hundred grand right out of college.
These guys will go into that and then figure out this financial independence, investing all these alternative investing types of ideas and use that as a way to get on the highway to go wherever they want to go in life. Where the people who have found this stuff a little later, they say it’s a little bit too late to find your passion and your career.
So you just work it. Unfortunately. What would make me really happy is that every kid I helped with found their passion and came out doing something. Cause I’ll tell you what my definition of success is for my students. You get into a college that you really wanted to go to, you graduate in four years, you get out and you get a job doing something you like that allows you to be independent and pay your own.
To me, that is the definition of success for someone coming out of college. My definition, success, not having too much time to think about it, is to go to a college. Don’t get into drugs. Don’t drop out. Don’t be the president who jumps off a roof and doesn’t, and this is the swimming pool and dies or something like that.
Get your punch yourself to a job where you can learn a skill. And then get good at that skill set, but then you said skill sets to get to that next level, that figure out what you want from there. So we’re close. Yeah. You still gotta get through in one piece and the other side, I’m a little bit more of a punting, get them down the road, right?
Yeah. Get him down the road, but I want to set them on the right road. Cause I think if you go down that wrong path, Passively showing up somewhere because you didn’t really give it much thought. I don’t think you’re going to have a very vested interest. And doing well there, and there’s so much time and money to be wasted.
If you start off wrong and then have to transfer, you never get all those credits. You never get all that time back. And it’s a waste. I see it as 90% of wealth. These families are two to three generations old. And I think part of this has to do with it. I’m a big believer in consultants these days for things like this.
Yeah, you went to college. You didn’t, you’re not an expert on college admissions for, oh, there you go. I’m a lawyer. So when people come to me, they need legal advice, but I can’t tell you how many times the conversation will start with a friend who did this and I’m like, that’s great, but that’s not correct.
But if you don’t want to hear that, then don’t come to me because I’m going to tell you what you do or shouldn’t do in a particular situation when it’s in my field. But before we get your contact information out there, any last parting words for, parents, maybe with teenagers, young teenagers, now that they’re busy, they’ve got money to spend on this type of stuff, but any other things that you should be thinking or doing day-to-day before, just make sure that your students engaged in actually.
Living the process, have them do the best they can. I feel the students job, honestly, as a high schooler is just to be the best student they can be and let the rest fall in place. You don’t have to overstress them out about everything, just let them be the best they can be at whatever they’re interested in and go with it.
Have to say, oh, you have to play this sport. Or you have to volunteer here or do all these other extra things to stand out. And I’m like, why? They’re probably perfectly fine exactly the way they are. If you just let them be who they want to be, and then go with it. Some of these kids are rebels. That’s to say that was me.
My parents say that’d be the last thing I do. So it’d be cool to have somebody like you to talk with and help you to do well. Yeah. And I think about the kids, and that’s one of the reasons I like to do one-on-one with the kids, because they can tell me something they’re not going to say in front of mom and dad.
How far away do you want to go or not far away in some, but somebody might just say, as far away as I can get from them would be the best. I’m like, okay, let’s go with it. That’s not a wrong answer, but it might not be an answer they’re necessarily comfortable, uttering out loud, in front of them.
But yet people want to get a hold of you. I’ll let you get your contact information. Sure. So my phone number is (508) 622-5250. My email is nod, NOD, which is my nickname because so many people can’t pronounce my first name NOD@personalcollegecounseling.com and personalcollegecounseling.com is the website and it’s also our Instagram.
All right. Hopefully you guys found this useful today. Again, we’re not giving any legal texts, parenting advice, because if you thought you were, what are you guys doing seriously? It’s a free podcast, but yeah. If you guys haven’t yet, please join the clubs simplepassivecashflow.com/club. Book the onboarding call, like to get to know you guys out there and we’ll see you guys at a future event. All right. Thank you.