October Update
- Paul Stamm
- Oct 31, 2023
- 2 min read

By failing to plan, you are preparing to fail. October was a month for long term planning. This month I did not necessarily take any immediate action when it comes to real estate investing but I did plan out some really cool opportunities for my future. Planning is crucial for success. Without goals and a plan to get there a lot of opportunities will be missed.
The main thing I have recently given a lot of thought to is a 5th year in college. I have had a lot of injuries and now have a full 5th year of athletic eligibility to use. I am graduating with my undergrad in 3 years and I’m using my 4th year to finish my MBA. Originally my plan was to just be done with that but now a new opportunity has presented itself. I feel as though I have not accomplished what I set out to do in college and I feel certain that with a 5th year of college I can accomplish my athletic goals.
Early in the month when this thought first came about I wasn’t sure what I would do about the school side of things. When the time comes around I will already have a bachelor's in Business Administration, a minor in Economics, and an MBA. I have two options. The first is to take it easy. I could take 12 credits (the minimum required to be a student athlete) my first semester and then just take 3 credits (the minimum required for the last semester of a student) the second. I could take easy classes and just float by my last year. The other option is to get something that will better me like another major or even another master’s. I am the type to continue to work hard and better myself so I am taking the second option. Recently I have thought about getting a master's in real estate because this is something I will definitely use in the future.
Speaking of the future, I have also done some planning on what a possible career would look like out of college. I know that I will invest in real estate throughout my life but throughout college I have not been sure on what job I will actually want to get once I am out of college. Right now I am thinking about getting a job within real estate development. I think that a job in this career will be really enjoyable and will also pay well. Bringing back my idea from earlier, I think that a master’s in real estate will also help a lot in this field, not only with getting the job but also while working day to day.
I encourage anyone reading this to take some time this month to plan. What will this next month look like? How about this next year? 5 years? You don’t have to be super specific but set out some goals. Be ambititious. Life is meant to be lived to the fullest. Go out there and get it!
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