Sixteen years ago, fresh out of high school, I remember forking over $3,800 to take a Carlton Sheets real estate coaching program. I desperately wanted to learn about buying real estate in order to make a living without going to college. Just months out of high school, at age 18, I bought my first rental property. However, it had nothing to do with the Carlton Sheets coaching program. Well, at least not the expensive portion I bought. The real value that helped me was a $99 packet of DVDs that was included. Through these videos and my own actions, I was able to acquire over a million dollars in real estate by age 22 with very little money.
At age 19, I took my one and only college class, “Real Estate Principles”, where I sat in a room with a hundred other kids and listened to dozens of lectures by our instructor. This will always go down as the biggest waste of time in my adult life.
For today’s kids, this type of education is an even greater misallocation of time and capital, because the unconventional means of education is 50x more efficient than it was fifteen years ago. And the best part: it usually costs you nothing.