College Student Finishing Up Degree and at a Crossroads

[ooooskar]

Good afternoon,

I am about to finish my bachelor's degree in finance in about a week and now I am at a crossroads in my life.

My family is pushing me to get a full time job and then pursue an MBA and work for a company long term. I want to start a business and I have one in mind. I think the best course of action would be to get full time employment and develop the business as a hobby in my down time. Then, depending on the level of success move make that my full time employment.

My case is a bit weird, I am graduating a bit early with no debt and a sizeable amount of capital invested. Therefore, I do not have much pressure to start getting significant cash flow immediately. I had joined the service and was able to pay for my education, without taking on any loans. Then, due to COVID, I was able to take on a much higher course-load allowing me to graduate 1-2 years earlier than anticipated. I am 21 with no debt and finishing up college, due to this I was thinking of starting a life-coach service or creating money management digital content for high-schoolers about to go to college.

I am at a crossroads currently and I would like to know what someone who has had success had done, if they were in a similar situation.

 

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[socaldude]

I am at a crossroads currently and I would like to know what someone who has had success had done, if they were in a similar situation.

Looks like you are in a pretty good position. You obviously take the opportunity that maximizes utility the most. No business is a side hustle or a hobby it needs your full attention and focus.

My family is pushing me to get a full time job and then pursue an MBA and work for a company long term.

You are 21 and you don't need to listen to anybody. You do what you have to do to get where you want be. It's worthless advice.

 

[ooooskar]

Looks like you are in a pretty good position. You obviously take the opportunity that maximizes utility the most. No business is a side hustle or a hobby it needs your full attention and focus.



You are 21 and you don't need to listen to anybody. You do what you have to do to get where you want be. It's worthless advice.

Is there anything in particular that you would recommend? Is there a way to tell family and friends without them having too much skepticism?

I am also located in San Diego, thought it was a funny coincidence.

 

[socaldude]

Is there a way to tell family and friends without them having too much skepticism?

Well you can politely be assertive and tell them your plan. Maybe state 10 things you are going to do to accomplish that goal so they can see you are serious and not engaging in fantasy thinking.

I am also located in San Diego, thought it was a funny coincidence.

Nice. Where did you go to school? I have a finance degree as well.

 

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[ooooskar]

Well you can politely be assertive and tell them your plan. Maybe state 10 things you are going to do to accomplish that goal so they can see you are serious and not engaging in fantasy thinking.



Nice. Where did you go to school? I have a finance degree as well.

I had never thought to have almost a presentation ready for friends and family, that would make it seem much more like a goal to achieve than just aimless busywork.

SDSU

 

[socaldude]

SDSU

I graduated there 2014 Finance.

 

[ooooskar]

I graduated there 2014 Finance.

Would you be willing to link up? I would love to pick your brain.

 

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[socaldude]

Would you be willing to link up? I would love to pick your brain.

Yeah, just follow me here or send me a PM. I'm pretty busy but always quick to respond.

 

[ooooskar]

Yeah, just follow me here or send me a PM. I'm pretty busy but always quick to respond.

Could you start the PM? I am not sure how to send PMs on this platform.

 

[Jobless]

How long can you survive on the 'sizeable amount' of capital invested? For how long are you willing to toil before there is a real payoff?

 

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[ooooskar]

How long can you survive on the 'sizeable amount' of capital invested? For how long are you willing to toil before there is a real payoff?

I could probably live off of the investment for about two years. However I do not want to spend it as I hope to get capital gains on it.