156: Meet Nick Bond: Age 22, College Graduate, Unemployable
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 27 June 2018
⏱️ 36 minutes
🧾️ Download transcript
Summary
#156: Unemployable by choice, Nick Bond, age 22, is a recent college graduate that is building his own real estate business rather than getting a job.
School grades aren't any more predictive of success than rolling a pair of dice. I discuss Boston College research that supports this.
Valedictorians don't become billionaires. Millionaires have an average college GPA of 2.9.
Is it worth it to go to college? College is more expensive in the U.S. than anywhere else in the world. Yet at the same time, the value of a college degree has dropped.
Once you got out of school, you found yourself "making things up" as you go. Later, you find out that everybody is "making things up".
Today's guest, Nick Bond isn't taking the j-o-b route that his friends are. He was influenced by his parents to be more entrepreneurial. Nick has begun raw land investing / flipping.
Get control of both your time and your geography. Live a cloud-based life through Google Drive and Dropbox. Read your monthly real estate property management statements from wherever you choose to live, and enjoy the passive cash flow.
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Listen to this week's show and learn:
01:32 Why valedictorians don't become great financial successes.
02:48 Millionaires, with 2.9 average GPAs, are known for grit.
04:19 Is it worth it to go to college at all?
06:20 Unemployed vs. Unemployable. The difference? Options.
07:06 Nick Bond interview begins.
08:50 Nick's parents wanted him to go to college more for the experience than the education.
10:43 Does Nick even want a work-a-day job?
11:40 Nick's Dad told him not to get a real job!
12:42 What are Nick's friends doing? They're making $40K - $90K.
14:27 Student loan debt.
15:09 Home ownership.
16:55 What Nick does today: land flipping / investing.
23:00 Investor Summit At Sea.
25:02 Seeking freedom, giving back to community.
26:34 The Land Geek.
28:17 Business systems.
29:38 Qualifying for your home with your transcript and diploma.
31:04 Nick's website: www.reinvestrategy.com.
34:01 The value in Get Rich Education's free newsletter. Get it at GetRichEducation.com
Resources Mentioned:
Transcript
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| 0:00.0 | Get Rich Education is brought to by Nerata Real Estate, Mid-South Homebuyers, and Ridge Lending Group. |
| 0:10.0 | Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than |
| 0:22.1 | anything else and can provide you with more wealth and happiness than you ever thought possible. |
| 0:28.4 | Now, here's your host, investor, entrepreneur, business owner, and educator Keith Weinhold. |
| 0:39.4 | Here it is. Hey, welcome to Get Rich Education, episode 156. This is your host, Keith Weinhold. |
| 0:45.2 | Yes, your favorite slackjot act is back on track for another wealth building week. And thank |
| 0:50.7 | you for making it Monday with us. We're heard in 186 world nations from Azerbaijan to Australia, |
| 0:58.1 | but we've moved to a Monday release here in the United States. |
| 1:01.3 | Today we're talking with a 22-year-old recent college graduate |
| 1:05.0 | about him not following the herd into a J-O-B |
| 1:09.9 | where you trade your time for dollars, but instead beginning with |
| 1:13.7 | real estate investing instead of just selling your time for money over and over again, but rather |
| 1:21.0 | building something that can be scaled for passive income and where you won't be tethered down to |
| 1:26.5 | one tiny geography, nor confined |
| 1:28.7 | to one employer's fixed hours of business. Now, let's kind of start in high school here, |
| 1:34.9 | and then we're going to graduate into college, okay? There was recently some research at Boston |
| 1:39.2 | College that revealed some interesting takeaways. It found that high school valedictorians don't become highly financially |
| 1:46.7 | successful. Valedictorians do not become billionaires. It is believed that the reason why is because |
| 1:54.0 | school teaches you to comply with rules. So valedictorians go on to be the people that kind of support the system. They become a |
| 2:03.2 | part of the system. They don't change the system or overthrow it. It was found that the average GPA, |
| 2:10.3 | college GPA, that is, of 700 American millionaires that were studied is 2.9. Okay, the average college GPA of 700 American |
| 2:21.8 | millionaires studied was 2.9. Now, I wish they would have studied maybe Deca millionaires, |
... |
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