« on: October 09, 2007, 11:14:44 AM »
Hi everyone, in a little bit of a pickle here and would appreciate some wise input from all of you as to what you would do in a similar position.
My name represents the fact that I was intending on going to law school this year, however, things changed. After getting some scholarhips at lower ranked schools and some acceptances to alright ones, I decided to hold off from making a decision, especially considering a huge aspect of my situation.
After graduating undergrad a year and a half ago, I entered the world of internet entrepreneurship, it's always been something I wanted to do, and after graduating I finally had the time to dig in. So I figured, wait on law school a year, make my mind up calmly as to where to go, and exhaust the potential of the opportunity in front of me with the internet.
Now, to give some important info, I am 23 turning 24 this year, live in Canada, and will most likely be attending school in either Florida or California with a scholarship...I simply don't want the debt and have looked into the niched markets of the relevant schools etc etc so that is not really an issue...what is an issue, is what you would do in the circumstances I will illustrate now.
I am now generating about 4k/month, more then half of which is passive income from websites...now...this is just the beginning, I have only started to realize the fruits of my labor, and the concrete is only now solidifying. I expect in a few months time to be up to at least 6k/month, again half of which will be passive. Further, I only need a laptop...thus, I can live...anywhere, I can travel the world, making money in the process, experiecing, adventuring, living a life, that when I am 45, I can only look back on and smile. Or....I can close the door on everything and attend law school this upcoming August 2008. Although this would not be the end of the world, it seems...to me...to be very foolish. I get the impression, from my own thoughts, that my propulsion to attend law school this August is merely emotional, I really..really wanna start, it has been my dream for so long, and..well..as ridiculous or cliche as it may sound...I love school, if it were up to me, I'd spend my days travelling the world getting PhD's in every subject that interests me...which are quite a few. Nevertheless now, well...what would you do?
Although attending law school is not necessarily locking the door on the opportunities I have created for myself now online, the door will definately at least be closing, because I have no intentions of going to law school for a degree so I can "call myself a lawyer" etc...I want to excel, I want to moot, I want to sponge all that law school has to offer...and so the confusion grows...I really don't know what I should do.
The internet situation is slightly risky, but honeslty, not sure if any amount of reasoning can accurately assess the risk differential between the likelihood of spontaneous failure in these online ventures and the probability of relative lower-end "success" as an employee of the legal marketplace. I could, take this next year away from formal studies (...I say formal studies because I am always studying, I keep myself busy with languages, and any and all information I can take in about all subjects, as well as possibly taking real estate courses should I take another year off)...and fail at generating more income, my website could die out, etc etc etc...most likely though...it will only get better, which arouses the next fear...what if it goes very well and I decide not to go to law school at all...which would be very unfortunate, although I doubt that will happen since I am sincerely interested in working with the law...if anything, the more capital I possess..the more likely I am to do pro bono work...
Anyway, the bottom line is, I would be taking another year to explore all this opportunity has to offer, as a potentially short-term endeavour with a small shelf-life, adding one more year to my age, looking back when I'm 45, realizing how meaningless another one year really is in the grander scheme of things...or, I could go this August, hastily and more assuredly complete the goals I set for myself a long time ago, become 45, and...perhaps...question what would've been...one huge fear, is that this year-off, year-off mindset becomes a perpetuating practice, which again would be unfortunate, although, again, with all honesty I don't think that will happen to me...I sincerely do like school and want to be there...all emotion tells me to start, to go, I really can't wait to begin...all rationale tells me that although slightly more risky...the potential of what is in front of me is too great to not squeeze with all my strength...because when it comes down to it, law school isn't going anywhere...the legal practice is not going anywhere, and..I am not going anywhere...whether I graduate at 27, or 28...if things don't work out next year with the entrepreneurship...well then...that sucks...I brush it off and start school 2009...
This is my reasoning, this is the way I see it, of course...I could be unreasonable...I could be immature, I don't know, and so I pass it on to you, I genuinely care to hear your opinions and what you think, and thank you for it.