August 23, 2012, 6:00 am

If You’re Willing to Spend Thousands of Dollars on College, Then…

by: MD    Category: Alternative Income
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Let’s assume that you graduated from college and are now making money.

You spent thousands of dollars on college. If you went away for school then you spent even more money on housing and moving. You either had to work like animal to graduate debt free or you picked up student loans to cover your time in college.

Long story short: you spent a decent amount of money on an education.

This brings me to the point of this article…

If you’re willing to spend thousands of dollars on college, then you should have no problem with investing more money in yourself.

We have no issues with shelling out thousands of dollars for random courses and textbooks that we have been told to read. Yet for some reason we’re afraid to invest in ourselves.

Where am I going with this?

I’ve already written about investing in yourself on here in detail. Today I wanted to look at a different angle.

College is just one example. The same sort of logic applies to buying a home. We spend a fortune on closing costs, moving, and the actual home mortgage. We lose so much money to become home-owners. Then we go on personal finance blogs to read about frugality. We worry about saving 90 cents after we’ve spent 15 grand!

How does that saying go? Step over a nickel to pick up a dime?

Alright, so what’s the story here?

I wasn’t totally sold on attending The Financial Blogger Conference this year (or #fincon12). I wasn’t sure on spending so much money on a flight, hotel, and food. I was debating not going.

Then I spoke with an older friend about this. I informed him all of of the expenses and how they could add up. He responded:

“So what?”

That was a great point. He went on to say that I should never hold back from opportunities that will allow me to better myself. He then reminded me about how much I was raving about #fincon11 and what I got out of it.

What I’ve come to realize is that if you were willing to fork over thousands of dollars for a college education, you shouldn’t be afraid of paying for further education. Instead of worrying about the price and stressing about the money spent, it makes much more sense to think of what we actually got out of the purchase/investment. Was it worth it? Has the investment paid off?

We all know by now that investing in yourself is good. Every single personal finance blog tells you to invest in yourself. Frugality has been replaced with spending money on yourself. I just wanted to remind you that you shouldn’t be afraid of taking risks with your money if you know that you can improve yourself and move onto something better.

Who doesn’t want to grow and become better? You don’t have to answer that. I would love an answer to this question:

How have you spent money on yourself recently?

“Don’t be fooled by the calendar.  There are only as many days in the year as you make use of.”  — Charles Richards

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Education doesn’t stop at college, it’s forever. Invest in yourself.

I buy books and read studies along with using my some of my own funds to plan a women financial empowerment conference.

Wish I could make it to the FinCon, but I will be with family. Enjoy…I know you will make great connections!

Unfortunately I haven’t invested in myself recently. After I finished university I was ready for a break in investing in myself, but it’s been over a year now and I should probably get back on the wagon. Thanks for the boost!

There are so many 100% free classes and even full course curricula available online that, when it comes to college or university, you’re really paying for the unbiased testing and official certification, not the knowledge.

As for specific conferences and events, does FINCON offer a webcast option? If I could pay $25 or $50 to watch the events from the comfort of my home, I’d be more inclined to attend. Then I could actually practice the frugal practices that I preach rather than making exceptions for indulgences (the argument of “so what?” aside).

Paying for fall tuition to finish my MBA. Definitely cut deep in our pockets, but worth it.

ah, what a GREAT point. If you took a yoga class in college, then you shouldn’t fret over something under $1000 if it’s a class that helps you better yourself!

[…] If You’re Willing to Spend Thousands of Dollars on College, Then… It’s perfectly worthwhile to invest in yourself if you’re confident that the investment will pay real dividends. (@ the financial blogger) […]

I totally disagree. the “so what?” comment will be misconstrued by many as “it’s ok to go on a spending spree”. I could totally see that getting out of hand especially with someone who is already in debt and possibly adding to their debt by going to X event. I also disagree with colledge is worth it. It is not worth it at this time, we are currently in the midst of a bullbe crisis in the education market. Colledges are charging out ragious amounts. I got my AA in 2001 and 10 years later I am still paying on student loans (surprise: gov’t student loans are the most unregulated loans available). I dream of going to colledge to get a bachelors degree, but it is not worth it at the current tuition prices and I am doing it the hard way, bu actually working my way to the top!

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