Official James Smith Website

  • Home
  • Blog
  • Videos
  • Contact James
  • Testimonials

  • post

    25 Dec 2012

    Merry Christmas!

    imageRemember the season isn’t about what’s under the tree. It’s about who’s around it.

    James

      • Tags:
      • james morrison smith florida merry chrismas happy new year holidays
      No Comments
      • Tweet
      Short Url
  • post

    23 Dec 2012

    Is college a good investment?

    Colleges across the United States have ratcheted up tuition over the past decade at rates that far outstrip inflation and wage increases. The result is that millions of young people are facing a conflict between society’s convention that nearly requires them to earn a four-year degree from a respectable college, and the economics of attaining that degree. The reality is that when I went to college at Bethany Nazarene University, which is now Southern Nazarene University, the incremental benefit of a degree more than paid for the costs of my education in just a few short years. Now the average cost of public education, including personal expenses, easily eclipses $100,000 over four years. Assuming that students partially abate this expense by working, many students still exit public universities with more than $50,000 of debt. In an age where indebtedness is a new normal, this may not seem like a lot of money, but given the prospect of most young people who expect to pay down this debt with proceeds from the current job market, $50,000 of debt at a common interest rate of 7.9% will take nearly a decade to pay off. Students who attend private schools routinely accumulate debt loads that can be 2x – 3x higher.

    I believe that the role of higher education in our society has changed fundamentally. A century ago, if you wanted to learn about physics, or astronomy, or engineering, there were only a select number of schools whose faculty were experienced in those disciplines. Schools such as those in the Ivy League were prestigious because they employed faculty that had rarified expertise. The internet has altered the balance of information in society and universities are no longer the hubs of knowledge. If someone wants to learn every single bit of information that a medical student has to learn in order to pass the USMLE, they could do so without enrolling in medical school. If someone wanted to learn every bit of information that a law student has to learn in order to pass the bar exam, they could do so without enrolling in law school. California now even permits online law school graduates to be admitted to the bar.

    Higher education in the United States is no longer about knowledge, its about signaling power. Getting into a prestigious university is probably more valuable than mastering the curriculum. If you disagree with me, consider the fact that many schools teach classes with more than 100 students in a class. The professor will likely never get to know, or even interact with, even a small fraction of the class. Students merely listen to parts of lectures and read books in order to prepare for exams. The professor isn’t investing in, mentoring, or personally developing the students.

    If college’s aren’t teaching students unique information, and the primary value of college is merely a signal that a student was adequate enough to pass a threshold in order to gain acceptance, then is there value in higher education at all?

    Yes and no.

    If you are counseling children on their choice of college, my simple advice is the following; if your child has the ability to get into a great school (read: a school that is widely recognized and credible – there are probably less than 30 of them in the entire country), and they plan to study a degree that will provide actual utility (the degree will be perceived to have value in a job market), then getting the ‘education’ will probably be a valuable experience. If however, you child wants to go to college for the ‘experience’ and the credential, but they aren’t able to secure entrance into a preeminent university, counsel them on the economics of junior college + 2-years at a public school. Sadly, the cost of going to college is substantially higher today than it was in the past. Even though Disney, MTV and magazines praise students who pursue their ‘passions’ and earn degrees in arts and humanities, the returns on those degrees simply aren’t favorable. One of my son’s friends attended NYU to study music and she is currently 8 years removed from school, unable to buy a home, and struggling with student loan debt that resulted in interest payments of more than $700 per month. How does a music teacher, earning $35,000 per year, pay off a $100,000 loan, when $8,000+ per year is required just to keep the loan from escalating?!?

    The bottom line is that college isn’t what it used to be. Its now a very expensive stamp on a resume. If your son or daughter plan to pursue a competitive career in medicine, law, finance or engineering, and they have the grades and ambition to support those pursuits, then the tuition at nearly any public or private school will probably be a good investment. If however your son or daughter has no clue what they want to do, or they are interested in arts, civics or humanities, don’t waste money on going to a ‘good’ private or expensive public school because the tuition will be just that – a waste. I love art, I love civics and… I am human, but there are better and more economically efficient ways for me to learn about these subject than to pay $100,000 to a university that processes students like GM manufactures cars.

      • Tags:
      • james m smith real estate florida 2013 college tuition investment
      No Comments
      • Tweet
      Short Url
  • post

    1 Dec 2012

    Zig Ziglar: A man of purpose, passion and commitment.

    When I was beginning my career so many years ago, I looked for role models who exemplified characteristics that I aspired to develop. Passion, honesty, sensitivity, hard working and trustworthy — these are several of the traits that I personally wanted for my life and they are just a small sampling of the many that Zig embodied. As my career progressed, I was blessed to be able to meet and eventually consider Zig, and his family, as true friends. He is a man whose public achievements were rivaled only by the significance of his private life. On any given Friday he would speak to packed out arenas and on the following Sunday morning, he would be teaching Sunday school, just as he did for decades. He put God first, his family second and his mission of inspiring others to pursue their true calling in life, third.

    While it is impossible to know how many people Zig Ziglar impacted, I know one thing for sure; I am a better person because Zig challenged me to be more. Long before I met him personally, when he was still just a voice that I heard over a cassette tape, his words gripped my heart with conviction and challenged me to transcend the cookie cutter life that my guidance counselor and others outlined for me. Zig achieved something that president’s and premiers, celebrities and corporate titans can only hope achieve; a legacy that will live on for decades to come.

    From the bottom of my heart, thank you Zig for being one of the greatest men that I have ever known.

      • Tags:
      • zig ziglar speaker get motivated james smith integrity honor eulogy
      No Comments
      • Tweet
      Short Url
  • post

    1 Dec 2012

    Thank You San Antonio

    To the thousands of people who showed up at the Success 2012 conference in San Antonio, Texas, yesterday, I had a wonderful time and enjoyed meeting as many of you as I could. Remember, nothing happens without effort, focus and a game plan. There is no time like the present, so take action!

      • Tags:
      • james smith speaker san antonio november december 2012 2013 texas real estate investing conference financial edge
      1 Comment
      • Tweet
      Short Url
  • Gallery

  • Topics

    california gun laws disarmed james smith house in atlanta georgia investment 20 million use dollars james smith real estate investing money finance conference speaker get motivated james morrison smith florida merry chrismas happy new year holidays james morrison smith professional athlete nba nfl athlete financial assets liabilities liability savings income money wealth bankruptcy foreclosure judgment judgement lien seizure property loss broke james m smith real estate florida 2013 college tuition investment james smith company baseball cards investments auction money millionaire million dollar rare special interest event seminar james smith company real estate fortune magazine celebrity speaker foreclosure default property las vegas phoenix los angeles appreciation hype hyper market inflation speculation utah seminar rush hig james smith company wesley snipes orlando florida irs taxes fraud defraud failure prison imprisonment federal james smith discusses warrent buffets comments on how to fix the united state sequester deficit insolvency broke bankrupt economy james smith economy money financial employer true cost expense politician march 2013 washington d c fraud scam speaker james smith fisker karma tesla model s review commentary comparison compare test mileage electric car automobile tall people speaks talks james smith florida investors real estate investing money assets foreclosure hedge funds private equity sophisticated 2012 2013 james smith happy new year 2012 2013 james smith lost money dollar drops to seven month low 7 economy speaker James Smith orlando florida general motors scam bankrupt judgement judgment creditor house foreclosure money problems cash flow shortage james smith orlando florida united states manufacturing is on the rise and shows a sign of economic strength james smith real estate black stone blackstone steve shwartzman new york investing private equity funds 2013 james smith real estate company health care healthcare politician reform obama uk reform james smith real estate economy improvement investor investment investments united states 2009 5 year plan game plan speaker seminar james smith real estate foreclosure buy a home lawsuit bad credit mortgage approval james smith real estate gold investing investments james smith real estate investing company insurance company health healthcare fat society fairness taxes james smith real estate investing money scam congress politician speaker james smith real estate seminar financial edge success san antonio texas tax liens deeds investing morrison florida james smith real estate seminar sacramento california james smith real estate seminar speaking rental rentals property investing income money finance summer spring list listing listed james smith residential real estate rentals new highs market 2013 conference success resources group seminar smith James Smith San Antonio Financial Edge 3 Day Seminar investing get motivated resuccess re success 2012 2013 texas thank you investment conference florida james smith seminar investing company james smith speaker san antonio november december 2012 2013 texas real estate investing conference financial edge james smith speaks talks in sacramento january 30th 2013 calvary christian center success2013 success business seminars james smith ted talk shane koyzcan Lance Armstrong James Morrison Smith Longwood Florida Orlando Texas Roxboro Real Estate Seminar Drug Test Success Fail Steroid Olympics real estate mortgage upside down scam alert modification modify james smith bank banker judge judgment foreclosure avoid creditor real estate investing investment property house utah florida orlando us companies have billions in foreign cash james smith avoiding taxes foreclosure lawsuits us united states florida apple microsoft get motivated reis real estate investor support wealth rock wealthro warrent buffett zig ziglar speaker get motivated james smith integrity honor eulogy

Copyright 2017 James M. Smith