386 | The $100K Glorified Sleepaway Camp | Millionaire Educator

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 18 July 2022

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: College Hacking, College Credits for less, ACE Courses, CLEP Exams, and The Most Cost Efficient Bachelors Degree

A college education may be the most daunting expense members of the FI community have on their horizon. As we all know by now, the cost of modern higher education has skyrocketed and has shown virtually no signs of decreasing or even leveling off! However Gerry Born, also know as the Millionaire Educator, may have found a way to reduce the overall cost of said education while still retaining the aspect of freedom we in FI community hold so dearly. Listen along to see if this alternative path to a college degree could be applicable towards you or your loved one's futures!

Millionaire Educator

Website: millionaireeducator.com
Twitter: @GerryBorn

Timestamps

1:11 - Introduction
2:44 - The "College Experience"
6:55 - CLEP Tests
11:17 - Spending Credits
21:15 - The Cost Effective Option
25:35 - ACE Courses
28:48 - The Credit Stacking Experience
37:12 - Pairing This Methodology with the Classic College Experience
41:04 - The Most Optimized Bachelors Degree
47:32 - Using College to Learn Your Craft
52:53 - Conclusion

Resources Mentioned In Today’s Episode

If You Want To Support ChooseFI:

Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy
Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
Track your personal finances with Personal Capital
Compare, buy, and save big on insurance with Policygenius
Keep learning or start a new side hustle with one of our educational courses
Slash your cell phone bill without sacrificing service with Mint Mobile

Transcript

Click on a timestamp to play from that location

0:00.0	If college is a $100,000 plus glorified sleepway camp, what does that mean for us in terms of our
0:06.2	financial plans? What do we do? What are our options? We're inviting the millionaire educator,
0:10.9	Jerry Born, back on the show to talk us through this very interesting opportunity for those that
0:17.0	are willing to look at life just a little bit differently. Welcome to the Ultimate Crown Sourced
0:21.1	Personal Financial. This is Chewsify. You're listening to Chewsify Radio.
0:26.3	The blueprint for financial independence lives here.
0:39.3	If you're looking to unblock the secrets to financial independence and early retirement,
0:44.3	you're in the right place. Stay tuned and join a community of like-minded people who are getting
0:49.6	off the answer and taking control of their lives in the pursuit of financial independence.
0:55.3	Chewsify. You're home for financial independence on live.
1:11.3	All right guys, very excited to dive into this week's episode and to help me with this,
1:14.5	I have my co-host Brad here. I got to say going into this episode, Brad, we're having a short
1:19.2	conversation and you mention your opinion of what college is and I literally fell out of my chair
1:27.7	laughing and said that's the title. Yeah, I've never seen you laugh so hard. I was thinking about
1:31.9	kind of this incendiary tweet that I was going to put off which is, college is a glorified sleepaway
1:37.6	camp. Convinced me I'm wrong. Basically that was because I knew we were having Jerry come on and
1:43.2	he came on the podcast in episode 238 and talked about all these amazing ways to get college credits
1:50.0	and to get literally years ahead with all of the prerequisites and get those things out of the way
1:55.5	and then walk into a regular college if you will and be able to knock it out in a year or two and
2:02.0	get the same diploma. I thought that was brilliant but I was thinking about the pushback, right?
2:06.1	What's the pushback? You miss the college experience. Well, what is the college experience?
2:10.5	To me, that sounds like a sleepaway camp that you're paying $50,000 a year for it. So,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Brad Barrett | Choose FI Media, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brad Barrett | Choose FI Media and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.