Let’s keep it REAL, you’re most likely reading this because you either want to make money or you want to make money. We get it. We all want more money, which is basically just a resource to get what we really want (e.g., a mansion, jet, etc.). Life shouldn’t be about who makes the most money because it’s literally just a piece of paper, copper or nickel. Life should be about appreciation for what you already have as well as providing anything positive to the next generation, which could be money but could also be wisdom, advice, etc. But again, we get it, you came here to learn how to make money! Specifically, you want to 10x your college tuition, so let’s do the math. According to multiple sources, including US News, the average college tuition is about $20,000 with a range of free tuition to about $70,000. Now, let’s stick with the average ($20,000) and 10x this number… which is $200,000.
I’m sure there are people out there who scoff at $200,000 per year, but we believe that most of us should be able to live comfortably with that amount of money. So how do we make it? Let’s first take a step back. If you’re in college, it’s safe to say you care somewhat about education (even though we are well aware that some of us may have been forced to go or received an athletic or academic scholarship). Great! The first step in this process is using your current resources to your advantage. College has an endless amount of supportive resources that should definitely help you achieve your goal. There are professors, administration and even your classmates who can all help you get to where you need to go financially. We always like to bring in chess when we can, and this is a great example of how a chess-related mindset can help you in college. Who are the specific pieces and how can you use them to set up your success? Let’s keep it REAL, every person you meet in college could and should be a potential networking resource that can help you. Make sure you check out Building Your Network, which can help you understand the importance of a solid network as well as how to approach potential networking opportunities. One piece of advice that you could apply tomorrow is to create a list of people on campus that could help you reach your goal, then next to their name, list how you plan on using your relationship with that individual to help you get to where you need to be. This may also help establish your major; and if you already have a major, how you will use that major to your advantage (e.gWhat job do you want, who can help you get that job, etc.).
Now that you have a strong network, the next (and final) step is to understand the Power of Ownership. We believe so strongly in this mindset that we created a Part 1 and Part 2 post. Check those out because they are so important in 10x your college tuition. We want you to realize that when you own something, you have full control over EVERYTHING, including where the money goes. A great book to help you learn how to own a business is The Millionaire Fastlane, which has the perfect title. This is a great book that outlines the importance of owning your own business if you want to build income fast. Let’s keep it REAL, becoming rich and 10x your income will take time (typically longer than you think) but it is worth it in the end. When you are on the other side of what we like to call, The Grind, you will definitely Thank Yourself Later. You can start small and slowly begin to grow and grow. You can’t get caught up in how much time it will take, you simply must make the decision. When you decide to fully commit to 10x your college tuition, the sooner you start, the sooner you will get what you want.
We discussed breaking down big numbers in our REAL Money post, but here’s another example of how this works. There are 12 months in a year, which means if you wanted to reach $200,000 in one year, you’d need to make about $17,000 per month. This is a little more than $4000 per week, which may seem like a lot to some of us. The good news is you can break down this number in multiple ways. Let’s say you find 4 different ways to make $1000 per week, which might seem a bit more doable. This might make your goal seem more achievable. If you’re a senior and want to finish college strong financially, you might want to consider various sources of income if you haven’t already. Now let’s see how this might work for a freshman. If you want to 10x your college tuition in 4 years, now you’re looking at 12 x 4 = 48 months and $200,000/48 = $4200 per month or a bit over $1000 per week. Like the senior, if you find a way to capitalize on 4 different sources of income, you only need to make about $250 per week per source of income. Check out Multiple Sources of Income if you need some ideas, but there are plenty. The main key is to apply yourself and again, commit to the decision to 10x your college tuition.
Finally, we just have to reiterate the importance of education and learning. If you truly embrace your education, you will be successful in whatever you decide to do. When you embrace education, you understand the necessity of paying attention in class, doing your homework and getting good grades. It’s for a bigger picture. If you embrace learning, which occurs outside of the classroom, you’ll begin to understand the importance of building your network and applying your skills and knowledge to find ways to build your life in a positive way. We hope this post provides value for you and motivates you to 10x your college tuition so you can provide necessary resources for your family and our future leaders, which is what this movement is all about.
Keep it REAL.
Recognize Education And Learning 