Lex DeVille
Sweeping Shadows From Dreams
FASTLANE INSIDER
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Recently a number of threads talked about college from different angles. Is it good or evil? Worth it or not? A government mind control conspiracy? A corporate money scheme? This thread isn't for that. This thread is to discuss college from a Fastlane perspective. Hopefully we can answer questions like:
- Why do you want to go to college?
- Does college make sense for you, your business and your goals?
- What kind of training or degree should you pursue?
- How can you pay for your degree without 30 years of debt?
- What business can you build to pay for your degree fast?
- What other ways can you fund and fuel your education?
If you are considering college, currently attending, or already graduated and have a bunch of debt, maybe you'll find ideas that help you.
Why Do I Want a Degree?
Because it adds credibility and authority in the eyes of others. Plus I want to be called Dr. DeVille some day.
Does College Make Sense For My Goals?
Yes, because I want it. It's not a forced idea. I decided I want to earn a Doctorate and so I will.
What Kind of Degree Should I Pursue?
I chose Psychology. It's not the right choice for most people. But it's the right choice for something long-term that I intend to bring to life.
How Did I Pay for My Bachelors Without 30 Years of Debt?
I paid for my B.A. with a combination of military tuition assistance and Post 9-11 GI Bill. It cost four years of freedom, but I was paid well, got to travel, learn to fight, drive and jump from planes, made a lot of friends and had a lot of fun. I didn't earn my degree before I left the military. I could have (and should have) but put it off for a while.
How Will I Pay for a Masters Without 30 Years of Debt?
Unlike the B.A. I'm paying for the M.A. out of pocket. It's $26k total and I get one course free as alumni, so $24k. To pay for this I'm using semi-passive income from a course business I started almost two years ago, and gave priority this year. The business currently generates $1,500 to $2,500/mo and should more consistently hit $2k/mo by January 2020. I need $2k/mo to pay for the degree in one year or $1k/mo for 2 years, so that's where the income will go and I'll owe nothing before I graduate.
How Will I Pay for a Doctoral Degree?
I haven't chosen a program yet, so this is TBD. But if I go with my current school then it will cost $74k, but I'll get a 25% discount per course for a total of around $67k. If I go with a different school I may enter a funded program which would cover the costs of tuition and pay for attendance. I'm planning for the former since it has the higher cost. It will take four years to complete, so I'll need around $1400/mo to pay it off before I graduate. Assuming this route, then I already have a business which will cover the costs.
Some Other Semi-Passive Income Ideas
Below are some other ideas I generate semi-passive income with that might work for you:
- YouTube Ad Revenue
- Amazon Ebooks
- ACX Audiobooks
- Paid Email Lists
- Affiliate Offers
- PDF guides on website
- Membership website
Other Factors
There are a lot of other ways to reduce, pay for, and eliminate college debt. Scholarships, grants, crowdfunding, tuition assistance, tuition reimbursement and other hustles. Hopefully others can share their experience, strategies and ideas with regard to how you paid for, or will pay for college using Fastlane mindset.
Oh and...
Happy Halloween!
- Why do you want to go to college?
- Does college make sense for you, your business and your goals?
- What kind of training or degree should you pursue?
- How can you pay for your degree without 30 years of debt?
- What business can you build to pay for your degree fast?
- What other ways can you fund and fuel your education?
If you are considering college, currently attending, or already graduated and have a bunch of debt, maybe you'll find ideas that help you.
Why Do I Want a Degree?
Because it adds credibility and authority in the eyes of others. Plus I want to be called Dr. DeVille some day.
Does College Make Sense For My Goals?
Yes, because I want it. It's not a forced idea. I decided I want to earn a Doctorate and so I will.
What Kind of Degree Should I Pursue?
I chose Psychology. It's not the right choice for most people. But it's the right choice for something long-term that I intend to bring to life.
How Did I Pay for My Bachelors Without 30 Years of Debt?
I paid for my B.A. with a combination of military tuition assistance and Post 9-11 GI Bill. It cost four years of freedom, but I was paid well, got to travel, learn to fight, drive and jump from planes, made a lot of friends and had a lot of fun. I didn't earn my degree before I left the military. I could have (and should have) but put it off for a while.
How Will I Pay for a Masters Without 30 Years of Debt?
Unlike the B.A. I'm paying for the M.A. out of pocket. It's $26k total and I get one course free as alumni, so $24k. To pay for this I'm using semi-passive income from a course business I started almost two years ago, and gave priority this year. The business currently generates $1,500 to $2,500/mo and should more consistently hit $2k/mo by January 2020. I need $2k/mo to pay for the degree in one year or $1k/mo for 2 years, so that's where the income will go and I'll owe nothing before I graduate.
How Will I Pay for a Doctoral Degree?
I haven't chosen a program yet, so this is TBD. But if I go with my current school then it will cost $74k, but I'll get a 25% discount per course for a total of around $67k. If I go with a different school I may enter a funded program which would cover the costs of tuition and pay for attendance. I'm planning for the former since it has the higher cost. It will take four years to complete, so I'll need around $1400/mo to pay it off before I graduate. Assuming this route, then I already have a business which will cover the costs.
Some Other Semi-Passive Income Ideas
Below are some other ideas I generate semi-passive income with that might work for you:
- YouTube Ad Revenue
- Amazon Ebooks
- ACX Audiobooks
- Paid Email Lists
- Affiliate Offers
- PDF guides on website
- Membership website
Other Factors
There are a lot of other ways to reduce, pay for, and eliminate college debt. Scholarships, grants, crowdfunding, tuition assistance, tuition reimbursement and other hustles. Hopefully others can share their experience, strategies and ideas with regard to how you paid for, or will pay for college using Fastlane mindset.
Oh and...
Happy Halloween!
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