Dear Dave,
I am a sophomore in the university studying agriculture business. I grew up on the farm and recently I decided it was time to sell a calf cattle herd and my dad helped me start growing as a kid. I don’t have any student loan debt, I’m paying for the school and getting a lot of scholarships and help from my parents. I can sell cattle for about $20,000 and I want to know how you think I should invest this money into the future.
Colby
Dear Colby,
Do you know? I think the best investment Colby can make now is in Colby. That way, I mean I want you to complete your degree with debt-free, not that I want to be a professional investor.
If I wear your shoes, I will park the proceeds from your cattle sale on your shoes in a high yield savings account. Think of it as an insurance policy that allows you to complete your school without a lot of student loans. I know this doesn’t sound as charming as an investment, but think about it: Even $20,000 may not add a ton in two or three years Will be Grow. And if you don’t need to go to school, it will sit there waiting for you when you’re ready to set up a house and start a new life after graduation.
In your case, Colby is going to finish school and get a valuable degree – you can actually use to create a future for yourself – that will give you better math returns than mutual funds. Why? because you Better than mutual funds. Literally. I’m not talking about it in a philosophical or spiritual sense, but economically. The life you will be able to complete and the money you earn is a huge reward for your hard work and tuition.
I can tell you that growing up on a farm, young people. You are definitely no stranger to real work, planning and thinking about the future. I’m proud of you, buddy!
– Dave
