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INTRO Is 'Highly-educated' the best investment for the rest of your life?

OUTofFRAME

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Hi everyone,

BE REALISTIC!
HOW THE HELL CAN YOU LIKE THAT?
YOU ARE A DOCTOR!
NO WAY. NEVER, EVER THINK THAT AGAIN!
WHAT ABOUT YOUR FAMILY?

Those are the answers when I currently said to my friends that I want to change my path to what I love to do.

Let me briefly introduce myself.
- I received the Ph.D. degree from the department of neuroscience in South Korea last year,
- Have started working in the US as a post-doctoral fellow from this March,
- Living with my wife and a baby boy, 7-month-old, born in the US.

I think I have believed that life with a 'highly-educated' would be the best path for the rest of my life. When I finished reading MJ's books a couple of weeks ago, I couldn't agree more with what those books are saying, and honestly, very depressed...for a while.

I thought If I would keep my path regularly, like a bachelor's - master's - Ph.D. degree, I could be happy someday and paid more. And now is the someday, but neither happy nor paid more. The biggest problem is that I DON'T LIKE WHAT I AM WORKING ON NOW.

As all of you know, a traditional education system requires countless effort, money and time. Now I am thinking that I lost tons of opportunities to find the best track of my life while keeping my energy, money and time on getting a piece of paper, Ph.D. degree. Every morning I feel pain from the deepest of my heart for what I have to do that I don't want to do...

Long story short, to get out of this life, I am currently trying to find what I would love to do, regardless of my major and my previous career. Furthermore, looking for what makes me happy and move forward and motivated more.

This forum already motivated me and helped me a lot to think about my future! Good luck all of you and thank you for reading my rambling writing!
 

AgainstAllOdds

Legendary Contributor
Speedway Pass
FASTLANE INSIDER
LEGENDARY CONTRIBUTOR
What do you want to do?

What do you hate about what you're currently doing?

Can you start doing what you want to do while working your current job? This question is important because you have a 7-month old kid that you need to provide for.
 

OUTofFRAME

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
What do you want to do?
- The type of what I want to do could be explained by a company, Sofar Sounds, where connects a musician to people in a small room, office, rooftop or any type of private places. You may want to see the details on the website (Secret gigs and intimate concerts | Sofar Sounds). Everyone who consists of this event (audience, musician, and host who provides the place) get what they want and the company also earns a profit from the audience.

What do you hate about what you're currently doing?
- The current job doesn't excite me. The scientist should be always curious and have a question for the uncovered issue, but I am neither curious nor interested in this field. I think I just had followed the scripted path that the system has made, without thinking about myself deeply. But don't get me wrong, I am not trying to say the bad part of Science, It's just my preference.

Can you start doing what you want to do while working your current job? This question is important because you have a 7-month old kid that you need to provide for.
- My family is most important in my life. That's why this is also the most painful part for me. My plan is, eventually, to run my own company such as Sofar Sounds I introduced above. But honestly, I have no idea what type of skills, insights, and experience should I have before starting my own business and what's the next needs of people. Fortunately, they hire volunteer and also train a curator who organizes each event in a designated area. So, I want to learn from these opportunities for how to operate the event, how to gather audiences, how to select an appropriate musician and how to maximize a profit.
What do you want to do?
- The type of what I want to do could be explained by a company, Sofar Sounds, where connects a musician to people in a small room, office, rooftop or any type of private places. You may want to see the details on the website (Secret gigs and intimate concerts | Sofar Sounds). Everyone who consists of this event (audience, musician, and host who provides the place) get what they want and the company also earns a profit from the audience.

What do you hate about what you're currently doing?
- The current job doesn't excite me. The scientist should be always curious and have a question for the uncovered issue, but I am neither curious nor interested in this field. I think I just had followed the scripted path that the system has made, without thinking about myself deeply. But don't get me wrong, I am not trying to say the bad part of Science, It's just my preference.

Can you start doing what you want to do while working your current job? This question is important because you have a 7-month old kid that you need to provide for.
- My family is most important in my life. That's why this is also the most painful part for me. My plan is, eventually, to run my own company such as Sofar Sounds I introduced above. But honestly, I have no idea what type of skills, insights, and experience should I have before starting my own business and what's the next needs of people. Fortunately, they hire volunteer and also train a curator who organizes each event in a designated area. So, I want to learn from these opportunities for how to operate the event, how to gather audiences, how to select an appropriate musician and how to maximize a profit.
 

The Abundant Man

Gold Contributor
Speedway Pass
View: https://www.youtube.com/watch?v=jG7dSXcfVqE


In all seriousness, grab a piece of paper and write a list of what you want. It's called lifestyle design for a reason. The house you want, where you want to live, the activites/hobbies that you want to do, the job/career/business, how you want to raise your child, family activities etc... Then write a plan and execute.

 

OUTofFRAME

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
View: https://www.youtube.com/watch?v=jG7dSXcfVqE


In all seriousness, grab a piece of paper and write a list of what you want. It's called lifestyle design for a reason. The house you want, where you want to live, the activites/hobbies that you want to do, the job/career/business, how you want to raise your child, family activities etc... Then write a plan and execute.

Thanks for your advice and good video link. I have made that list, but not made it seriously, and without a plan. Today, I will make a new list again!
 

Kak

Capitalist Swine
Speedway Pass
FASTLANE INSIDER
LEGENDARY CONTRIBUTOR
Summit Attendee
Hi everyone,

BE REALISTIC!
HOW THE HELL CAN YOU LIKE THAT?
YOU ARE A DOCTOR!
NO WAY. NEVER, EVER THINK THAT AGAIN!
WHAT ABOUT YOUR FAMILY?

Those are the answers when I currently said to my friends that I want to change my path to what I love to do.

Let me briefly introduce myself.
- I received the Ph.D. degree from the department of neuroscience in South Korea last year,
- Have started working in the US as a post-doctoral fellow from this March,
- Living with my wife and a baby boy, 7-month-old, born in the US.

I think I have believed that life with a 'highly-educated' would be the best path for the rest of my life. When I finished reading MJ's books a couple of weeks ago, I couldn't agree more with what those books are saying, and honestly, very depressed...for a while.

I thought If I would keep my path regularly, like a bachelor's - master's - Ph.D. degree, I could be happy someday and paid more. And now is the someday, but neither happy nor paid more. The biggest problem is that I DON'T LIKE WHAT I AM WORKING ON NOW.

As all of you know, a traditional education system requires countless effort, money and time. Now I am thinking that I lost tons of opportunities to find the best track of my life while keeping my energy, money and time on getting a piece of paper, Ph.D. degree. Every morning I feel pain from the deepest of my heart for what I have to do that I don't want to do...

Long story short, to get out of this life, I am currently trying to find what I would love to do, regardless of my major and my previous career. Furthermore, looking for what makes me happy and move forward and motivated more.

This forum already motivated me and helped me a lot to think about my future! Good luck all of you and thank you for reading my rambling writing!

Welcome! Thanks for sharing!

How To Recognize Sunk Costs

Normal people don’t understand the concept of sunk cost. Even though you’re heavily invested in something (education and doctor job); since you decided that chasing your dream is absolutely what will make you happy, your previous spent money and effort shouldn’t be a consideration, just your future.

You wait in line for an hour in traffic, but then your GPS tells you it is faster to turn around and take an alternate route. Your friends think the fact that you’ve waited for an hour matters.

Tell them, it’s sunk cost.
 
Last edited:

OUTofFRAME

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Welcome! Thanks for sharing!

How To Recognize Sunk Costs

Normal people don’t understand the concept of sunk cost. Even though you’re heavily invested in something (education and doctor job). Since you decided that chasing your dream is absolutely what will make you happy, your previous spent money and effort shouldn’t be a consideration, just your future.

You wait in line for an hour in traffic, but then your GPS tells you it is faster to turn around and take an alternate route. Your friends think the fact that you’ve waited for an hour matters.

Tell them, it’s sunk cost.
Thank you so much for your kind and the detailed answer. Yes, I will focus on my future rather than the previous things I've done. I just want to be satisfied and be happy with my work since the current work is not making me happy.
 

civilpro

Contributor
A lot of people have been brainwashed by this whole entrepreneurial thing that is soooo cool right now.

Everyone oozes over shows like shark tank with the giddy 9 year old girl with the shelf space at bed bath and beyond.

I'd much rather live in a culture that values higher education over stupid trinket sellers. Go to India where there are a billion street vendors selling useless crap and where people sh*t in buckets if that's the type of environment you want.

Or go ask a typical shopper in bed bath and beyond how much credit card debt they have to buy all that useless crap that makes them feel good on weekends.
 

Stargazer

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
FASTLANE INSIDER
You wait in line for an hour in traffic, but then your GPS tells you it is faster to turn around and take an alternate route. Your friends think the fact that you’ve waited for an hour matters.
Thanks for the term, explanation and the great analogy!

Dan
 

MJ DeMarco

Raving Lunatic
Staff member
Speedway Pass
FASTLANE INSIDER
LEGENDARY CONTRIBUTOR
Summit Attendee
Everyone oozes over shows like shark tank with the giddy 9 year old girl with the shelf space at bed bath and beyond.

I'd much rather live in a culture that values higher education over stupid trinket sellers. Go to India where there are a billion street vendors selling useless crap and where people sh*t in buckets if that's the type of environment you want.
You're at the wrong forum buddy. But us "stupid trinket sellers" will try to overlook it for now.

Yeah, I like to hang around my enemy
Novel, at least until "your enemy" kicks you out of the party.
 

The Abundant Man

Gold Contributor
Speedway Pass
A lot of people have been brainwashed by this whole entrepreneurial thing that is soooo cool right now.

Everyone oozes over shows like shark tank with the giddy 9 year old girl with the shelf space at bed bath and beyond.

I'd much rather live in a culture that values higher education over stupid trinket sellers. Go to India where there are a billion street vendors selling useless crap and where people sh*t in buckets if that's the type of environment you want.

Or go ask a typical shopper in bed bath and beyond how much credit card debt they have to buy all that useless crap that makes them feel good on weekends.
What do people's spending habits have to do with entrepreneurship?

Sent from my SM-G960U using Tapatalk
 

MJ DeMarco

Raving Lunatic
Staff member
Speedway Pass
FASTLANE INSIDER
LEGENDARY CONTRIBUTOR
Summit Attendee
I am currently trying to find what I would love to do
It's not necessary "what you love to do" but what do you value? What's important in your life? Perhaps you felt depressed after reading my book(s) is because you realized what you value above all else is freedom, and not recognition, PhD's, or anything else related to those pursuits.

The most important thing is happiness -- but not as a destination, but as a state of existence. That could happen being "highly educated" and/or as an entrepreneur.
 

OUTofFRAME

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
A lot of people have been brainwashed by this whole entrepreneurial thing that is soooo cool right now.

Everyone oozes over shows like shark tank with the giddy 9 year old girl with the shelf space at bed bath and beyond.

I'd much rather live in a culture that values higher education over stupid trinket sellers. Go to India where there are a billion street vendors selling useless crap and where people sh*t in buckets if that's the type of environment you want.

Or go ask a typical shopper in bed bath and beyond how much credit card debt they have to buy all that useless crap that makes them feel good on weekends.
Thanks for your opinion. However, I am not talking about simply getting out of my job, and neither wanna be successful overnight nor be a millionaire right now. I just want to find my own way that could make me happier than now. That's why I wrote this article here, then step by step, I will find the answer through this forum. So don't get me wrong, like this guy has a daydream of which business would be easier than the current job or being an entrepreneur could be simple. I don't think so.
 

OUTofFRAME

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
It's not necessary "what you love to do" but what do you value? What's important in your life? Perhaps you felt depressed after reading my book(s) is because you realized what you value above all else is freedom, and not recognition, PhD's, or anything else related to those pursuits.

The most important thing is happiness -- but not as a destination, but as a state of existence. That could happen being "highly educated" and/or as an entrepreneur.
After reading your comment, I agree with what you said that 'Happiness as a state of existence'. Maybe I have felt that happiness, for example, when I received my degree, when I married, when my baby was born, etc... Yes, as writing this comment, I feel more clearly that the definition of my goal should be more precise. Sincerely thank you for your opinion and advice.
 

Tony Tong

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Awesome thread.

Cal Newport wrote this book called Deep Work, stating the 3 pillars that people need to feel fulfilled in their careers, whether employee or entrepreneur:

Creativity
Control
Impact

Chances are your current job and responsibilities is not making you feel enough of these attributes, hence you are thinking of switching things up.

While starting a new business is 1 way, there could be other ways you could more easily control in the short term.

Perhaps within your job track, you could target for projects that allow you more of the 3 things. Like @mjdemarco has said, happiness is the key, but not as the destination but process/ journey, and not whether you carry the entrepreneur/ employee label.
 

OUTofFRAME

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Awesome thread.

Cal Newport wrote this book called Deep Work, stating the 3 pillars that people need to feel fulfilled in their careers, whether employee or entrepreneur:

Creativity
Control
Impact

Chances are your current job and responsibilities is not making you feel enough of these attributes, hence you are thinking of switching things up.

While starting a new business is 1 way, there could be other ways you could more easily control in the short term.

Perhaps within your job track, you could target for projects that allow you more of the 3 things. Like @mjdemarco has said, happiness is the key, but not as the destination but process/ journey, and not whether you carry the entrepreneur/ employee label.
Thank you so much for the valuable comment. And will have a chance to read the book you mentioned. In addition to the three pillars you introduced, I would like to think about five more rules from MJ's book, which are

- Need
- Entry
- Control
- Scale
- Time.

In terms of setting a goal for my future, I would need to make it CLEARER, not just simply chasing some vague words such as happiness, a better future, what I love to do and etc. Today, one word that MJ said to me don't go away from my mind, that was 'VALUE'. No matter what my path was, I would focus on what values I can provide people and then be rewarded.
 

Kak

Capitalist Swine
Speedway Pass
FASTLANE INSIDER
LEGENDARY CONTRIBUTOR
Summit Attendee
A lot of people have been brainwashed by this whole entrepreneurial thing that is soooo cool right now.

Everyone oozes over shows like shark tank with the giddy 9 year old girl with the shelf space at bed bath and beyond.

I'd much rather live in a culture that values higher education over stupid trinket sellers. Go to India where there are a billion street vendors selling useless crap and where people sh*t in buckets if that's the type of environment you want.

Or go ask a typical shopper in bed bath and beyond how much credit card debt they have to buy all that useless crap that makes them feel good on weekends.
Trinket selling is a far cry from what most of us are working towards here.

We need people like you that are "too good to own the company" as our employees.
 

Bekit

Gold Contributor
Read Millionaire Fastlane
Speedway Pass
FASTLANE INSIDER
Hi everyone,
Long story short, to get out of this life, I am currently trying to find what I would love to do, regardless of my major and my previous career. Furthermore, looking for what makes me happy and move forward and motivated more.

This forum already motivated me and helped me a lot to think about my future! Good luck all of you and thank you for reading my rambling writing!
A great quote I ran across today:
"When it comes to finding that sweet-spot mission that makes us say "this is what I'm made for!" most of us are looking at the wrong indicator. When we think about that thing that we're "made for," we tend to look at the things we are good at. According to [James] Clear, instead of just focusing on the tasks we are good at doing, the real key to finding the value we are most uniquely capable of providing lies in asking this tougher question:
What pain am I uniquely suited to suffer better than others?"
--Source: Forbes.com

A great book I'm reading:
Designing Your Life by Bill Burnett and Dave Evans. It's a very practical, down-to-earth approach to "find what you love." Basically they apply design thinking to solving the problem of designing the life you want to live, and it's the most effective, actionable way I've ever encountered to go about finding this and defining it for yourself. One of the things I found counterintuitive: They argue that "finding what you love" is a result of competence in a field. In other words, it's a product that comes after developing work experience, rather than a feeling that you get up front.

A couple of questions:
  • Are there any other niches within neuroscience that you would be interesting to you?
  • Are there any million-dollar problems that you would be uniquely positioned to solve? I'm thinking of something you could develop and sell that would alleviate a frustration or pain point that neuroscientists experience (which most of us "normal" people would never guess was a problem in the first place).
And one comment:
  • As much as you dislike your current position, I am fairly certain that you'd dislike it even more to be stuck in a minimum wage job working retail or doing manual labor or being bored through lack of stimulating work. So (A) try to empathize with the people who think they would trade places with you. Recognize that you have a genuine asset in the form of your education that most (scripted) people would swoon over, and (B) whatever you do, don't let discontent suck you into a scenario where the horrible minimum wage job becomes your lot.
 

ManlyMansNegator

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
A lot of people have been brainwashed by this whole entrepreneurial thing that is soooo cool right now.

Everyone oozes over shows like shark tank with the giddy 9 year old girl with the shelf space at bed bath and beyond.

I'd much rather live in a culture that values higher education over stupid trinket sellers. Go to India where there are a billion street vendors selling useless crap and where people sh*t in buckets if that's the type of environment you want.

Or go ask a typical shopper in bed bath and beyond how much credit card debt they have to buy all that useless crap that makes them feel good on weekends.
Yea stuff building "trinkets", just stop the garbage trinkets those people build like aircrafts,computers,oscilloscopes,microprocessors,cameras,radios,satellites..... oh wait?

:rofl::rofl::rofl:
 

ManlyMansNegator

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
View: https://www.youtube.com/watch?v=jG7dSXcfVqE


In all seriousness, grab a piece of paper and write a list of what you want. It's called lifestyle design for a reason. The house you want, where you want to live, the activites/hobbies that you want to do, the job/career/business, how you want to raise your child, family activities etc... Then write a plan and execute.

Where in the world do you get all these memes?
 

Vigilante

Legendary Contributor
Staff member
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
FASTLANE INSIDER
LEGENDARY CONTRIBUTOR
Summit Attendee
Trinket selling is a far cry from what most of us are working towards here.

We need people like you that are "too good to own the company" as our employees.
Somehow I know you wouldn't be able to resist this troll.
 
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