Online colleges

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Aug 16, 2008 10:47 pm

Greetings. (also posted this under Rookies, which seems to get the most action). Been haunting the board for some time, but haven't posted much. I'd like some opinions on online colleges, but you have to know my story first. Have been in the biz for 10 years (changed from discount broker to EJ about 4.5 yrs ago.) Doing ok - abt $35 million on the books, netting over $100k/year. Also, have a few rental properties (which are NOT paid for) but gross over $50k/year. I live & work in lower-middle income area in the country. So I'm probably one of the highest paid people in the county. So life is great for me (in other words, I'm not too concerned about getting a $100million book). However - I'm also VERY busy with family, kids, church, school, etc etc etc, and one of the things I want to do is get a Bachelor's degree. I have 2 Associate's Degrees, one in Pre-Business Admin. The Bachelor's would likely be in Finance, economics, or Financial Planning. Potentially would get the CFP (which REQUIRES a bachelor's degree), but may just go with ChFc, which I don't believe, requires a bachelors. Anyway, I really live too far away from a brick-and-mortar college and have looked at several different online options. My long-winded question is: give me your thoughts on this. Do you think it's worth it? Crazy? Honestly wouldn't help my business at all, it's just a goal I have; I may teach one day, never know. If you agree, which colleges do any of you have experience with? Let's get something straight - I'm not asking for flames & ridicule. I'm asking for opinions here, so let them roll. Thanks.

Aug 25, 2008 8:18 pm

I say go for it if that's what you want. There seems to be several out there. You might start by seeing if any of the brick & mortar schools you've always like have online degrees.

Aug 26, 2008 10:47 am

I don't think any form of education is a waste of time.  Especially if you believe you are going to stay in this industry for the long haul.  I think your statement of "Honestly wouldn't help my business at all" is wrong.  If you think you have it nice now, add the CFP to your list of credentials and I believe things get better.  There are a lot of things the Jones training won't teach you that getting better educated will.  Especially to the degree that the CFP will go.  Once you get that reputation in town, there's no stopping you.  Unless, you decide not to get it, and somebody else who does have it moves into your area and starts talking to your clients.  That CFP is a nice tool to have in your hip pocket.  It might not matter to a lot of people, but it will to the ones that can really impact your business.