Mark Kohler argues that school teaches you to earn a living, but self-education builds wealth. He tells parents to skip college debt and have kids start rental property businesses in high school instead, pointing to his own children as proof the model works.
The more you know the more control you have over your destiny. School teaches you how to make a living. Self education teaches you to make a fortune. Being an entrepreneur is so much about self education. I taught my own children that when you go to college I don't care what your degree is, I don't care what your grades are but I don't want you in college debt and you're going to run a business and graduate with a business that's making money doesn't have to be a lot. You're going to learn the skills of entrepreneurship while you go to school. Now if you want to get a doctorate degree or become a rocket science scientist, you knock yourself out and I'll support you every step of the way. But you're going to learn how to have a rental property and manage tenants while you're going to college running your own little rental property. My kids learned about entrepreneurship while they went to college.
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