Pursue a career in Finance/Business/Economics?

[AceNZ]

Are there any books or websites that can teach me this type of trading, I am very interested in something like that.

Learning the mechanics of futures and options is easy -- there's a ton of material about that on the web.

The trick is to be able to spot the long-term trends and to know which investment vehicles will best leverage those trends. I doubt you'll learn that part in a book or a website. There are just too many different opinions and perspectives (very few of which are worthwhile). You have to figure it out yourself and then act based on that knowledge.

 

[icon124]

I'm in school for Finance and Economics and I did debate going to college period. I do need a good foundation to start my company and four years of school gives me enough time to plan everything while still learning some things that I might have learned by starting a business (but it would have probably took me longer). Anyway, I think college is worth it depending on your degree. When I get out I can probably make 45-60k easy, so if I work for 2-3 years with a company I will have more than enough money to start my own. PLUS by working for a company that I eventually want to start I can learn the ins and outs and be ahead of the game when I start my own.

 

[AceNZ]

I'm in school for Finance and Economics and I did debate going to college period. I do need a good foundation to start my company and four years of school gives me enough time to plan everything while still learning some things that I might have learned by starting a business (but it would have probably took me longer). Anyway, I think college is worth it depending on your degree. When I get out I can probably make 45-60k easy, so if I work for 2-3 years with a company I will have more than enough money to start my own. PLUS by working for a company that I eventually want to start I can learn the ins and outs and be ahead of the game when I start my own.

That's a popular plan, but it's amazing how often it doesn't quite work out. I've known many people who have followed your plan -- only they don't save as much money as they hoped, and they get used to their good income. They buy a car, then a house, get into debt. Maybe get married and have kids. They don't learn much of anything about running a business from their job. Then they're trapped. They can't afford to give it all up to go start a business.

I'm not saying this will be true in your case. But it's a common path. Most people can't see it when they're young, but if what you really want is to run your own business, you would actually be better off in the long run to skip school and the good job, and jump right in to a business with both feet. Mistakes are much easier to take when you're young and don't have as much to lose.

 

[apc3161]

They talk about this every single year in forbes.

Turns out, the most common degree for all CEO's is engineering or math. Not economics, or finance. So I would go with one of those.

 

[icon124]

That's a popular plan, but it's amazing how often it doesn't quite work out. I've known many people who have followed your plan -- only they don't save as much money as they hoped, and they get used to their good income. They buy a car, then a house, get into debt. Maybe get married and have kids. They don't learn much of anything about running a business from their job. Then they're trapped. They can't afford to give it all up to go start a business.

I'm not saying this will be true in your case. But it's a common path. Most people can't see it when they're young, but if what you really want is to run your own business, you would actually be better off in the long run to skip school and the good job, and jump right in to a business with both feet. Mistakes are much easier to take when you're young and don't have as much to lose.

oh yeah I know, but I can tell you I won't be like that. Trust me I've seen it happen to enough graduates already. They even have old graduates come back and speak to us about how they love to work for someone, it's really sad. I remember at the beginning of this semester my professor asked what we all wanted to do and not one said start their own company. Most responses were either work for so and so, or I don't know yet. I've even planned out how I want to live for the next 2-3 years, so I can save the maximum amount.

Trust me, I NEED to build a financial foundation for my family for generations to come, and I know that working for someone will only send me into a ratrace. Plus I will still be pretty young when I start my company. Yes, 25 isn't the youngest BUT I still have plenty of time...and I will have something to fall back on if I need to use a plan B at some time. Also, by the time I really knew I wanted to start my own business (Like 110% sure that I was going to run my own path, and was fully awake to America) I was almost done my second year of school. Another reason that I'm going to school is to make my family proud. No one in my family has ever been to college, let alone barely graduated high school, so they don't know what we know (college isn't all it's suppose to be, and how America really works)...I figured I can bare 4 years of school to make them happy too.