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NMM

New Contributor
Jul 1, 2022
3
1
Hello fastlaners,

I want to go fastlane and am still doing my research on business ideas.
I'm a 24 year old french student currently finishing a Master 2 in law and management of cultural heritage (equivalent to a Master of Arts in the UK or US). I also have a law degree. I enjoy producing music, have some of my sounds on soundcloud, but haven't done much in the last 3 years. I'm also interested in self-developpement. Today, I ask for your advice between 2 options :

Option 1 : I candidated a few months ago and recently was accepted in an another Master 2 focused on IP law focused (copyrights, patents, trademarks), at the Center for international intellectual property studies, starting in september. At the start, I tough this could serve a fastlane strategy : I would acquire the knowledge on how to manage IP in a business while working in the next few years as a legal sollicitor in that domain and save and invest the job income in my constructing business. The problem is I calculated the cost and realised that I should get a student loan (about 10 000 to 15 000 euros) in order to cover the main necessities fo that last year of education. A week-end job would be difficult alternative as there might be some lectures on saturday mornings (and the course itself is apparently time consuming).

Option 2 : On the other hand, I've been thinking of going back to my family's place to read and lauch a business and pass my driving licence. I would also be able to do my sport regulary and have the health benefits from living by the sea. As I'm interested in the music industry, I was thinking of creating a youtube channel and giving tutorials, selling my beats, but from what I've heard it's an oversatured market, might be a "do what you love" trap and so doesn't respect CENTS. Furthermore, I have 7 000 euros saved up from a current job, and there aren't many job opportunies near my family's home.

I've done a Weight Decision Average Matrix stating that I should take option 2, but it's very close with option 1.

What do you think I should do ? Which of these 2 options is more interesting in a fastlane perspective ? Any tought is welcomed.
 
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heavy_industry

Silver Contributor
Speedway Pass
Apr 17, 2022
246
551
Do both.
Finish all the goals from option 1, while reading business books, passing the drivers license, doing sports, creating a Youtube channel and all the other stuff. You can go and live with your parents at the sea side during holidays and some weekends.

There is no point in limiting yourself on this decision, since you can easily do both at the same time. We often like to sabotage ourselves with such A/B choices, but your real options are the following:

Option 1:
Do everything you can, while you still can. Expand your world and opportunities.

Option 2:
Limit yourself by choosing between two options that are not mutually exclusive. And then proceed to live with the regret of not doing enough in your youth.

Good luck.
 

NMM

New Contributor
Jul 1, 2022
3
1
Do both.
Finish all the goals from option 1, while reading business books, passing the drivers license, doing sports, creating a Youtube channel and all the other stuff. You can go and live with your parents at the sea side during holidays and some weekends.

There is no point in limiting yourself on this decision, since you can easily do both at the same time. We often like to sabotage ourselves with such A/B choices, but your real options are the following:

Option 1:
Do everything you can, while you still can. Expand your world and opportunities.

Option 2:
Limit yourself by choosing between two options that are not mutually exclusive. And then proceed to live with the regret of not doing enough in your youth.

Good luck.
Thanks for the advice. So do you reckon it is still worth it to get that student loan while pursuing both options ?
 

heavy_industry

Silver Contributor
Speedway Pass
Apr 17, 2022
246
551
Thanks for the advice. So do you reckon it is still worth it to get that student loan while pursuing both options ?
For sure, 10-15 K EUR is nothing. You can easily make it back later.

If you lived across the pond and you needed hundreds of thousands of dollars to fund your education, that would have been an entirely different story. That would have been an A or B situation where you actually had to make a hard choice between the two.
 
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NMM

New Contributor
Jul 1, 2022
3
1
For sure, 10-15 K EUR is nothing. You can easily make it back later.

If you lived across the pond and you needed hundreds of thousands of dollars to fund your education, that would have been an entirely different story. That would have been an A or B situation where you actually had to make a hard choice between the two.
Got it, thanks again !
 

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