Making $10k a Month: Should I Drop Out of School?

Is $10k a Month Worth Quitting School?

Having the opportunity to earn $10,000 a month is a significant achievement, but whether it’s worth dropping out of school is a question that requires careful consideration. The decision should ultimately align with your long-term goals and aspirations.

Rationale for Staying in School

While the allure of financial independence is undeniably strong, it’s important to recognize that income can fluctuate and be unpredictable. Whether your income comes from e-commerce, lawn care, or any other venture, it’s crucial to view it as a temporary phase rather than a stable foundation. Even if your income seems secure, it’s wise to remain cautious and not rely entirely on it for a long-term future.

Moreover, the current economic uncertainty, exacerbated by the pandemic, highlights the importance of a solid educational foundation. Knowledge and skills acquired through formal education are versatile and enduring. As the job market evolves, the tools and insights from your education can be repurposed in countless ways.

Ensuring a Balanced Approach to Education and Income

Even if you are currently making a substantial income, it’s important to consider whether your income is being generated legally and sustainably. If it is, there are ways to balance your school responsibilities. For example, attending summer school or having a lighter schedule during the regular school year can be beneficial. These options allow you to continue your education while still earning an income.

The True Value of Education

Educational pursuits go beyond merely acquiring job skills. They provide a deeper understanding of the world and ourselves, fostering critical thinking and problem-solving abilities. Education equips you with the tools to pursue meaningful questions and experiences in life that money alone cannot provide.

Many people, even those with multiple degrees, continually seek further education because they recognize the value of continuous learning. For instance, winning the lottery and retiring to the beach might seem appealing, but for many, the desire to continue learning and exploring intellectual pursuits far outweighs the monetary benefits. Learning is an ongoing journey that enriches one’s life in ways that financial success cannot.

From Practical Income to Intellectual Fulfillment

Consider what activities you would prioritise if you had unlimited financial resources. Would it be spending time on leisure pursuits or would it be pursuing more educational or intellectual opportunities? The answer is often that people are driven by the desire to understand and engage with the world on a deeper level.

Ultimately, staying in school allows you to access a wealth of knowledge and experiences that are invaluable. Success is multifaceted and encompasses not just financial stability but also personal growth and intellectual fulfillment. By not choosing to drop out, you open the door to a broader spectrum of possibilities in the future.

In conclusion, while achieving $10k a month is a remarkable accomplishment, the decision to drop out of school should be weighed against your long-term goals. Continuing your education is essential for overall personal and professional development, and it provides a foundation that can withstand the fluctuations and uncertainties of the market.