What an 8th Grade Education May Accomplish . . .

By
Services for Real Estate Pros with Property Solutions, LLC

I'll bet you've never heard of Earl Shoaff. 

Earl dropped out of school after the 8th grade.  He went on to become a success in network marketing.  You probably have, however; heard of the 25-year-old youngster whom he "sponsored", and eventually became a life mentor to. 

This young man has since become an author, award-winning speaker who has shared the podium with the likes of Zig Ziglar and Donald Trump, and until his recent death (and arguably still), holds the title of "America's Foremost Business Philosopher".  I am talking, of course; about Jim Rohn. 

There is an even more fascinating chapter to the story of what a "dropout's" influence may accomplish.  While Jim Rohn was getting his seminar business established, he employed a purely commissioned sales force, who would cold-call on business owners and sell very expensive tickets to Mr. Rohn's seminars. 

One of Jim Rohn's salespeople was a tall, energetic, and awkward 18-year-old.  This young man went on to become Jim's top salesperson, and Mr. Rohn "took him under his wing" and mentored him, much as Mr. Shoaff had done for himself years ago.   

The young man very quickly became a world-renowned speaker, bestselling author, and authority in the field of intrapersonal psychology, motivation, and human development.  He was a millionaire, living in an actual "castle", by the age of 24.  He has trained Olympic and professional athletes on how to run their brains for maximum effectiveness, helped the United States Army to improve its training programs, and is acknowledged as THE expert in his field by such giants as Ken Blanchard, who wrote the introduction to his internationally bestselling book, “Unlimited Power”, which he authored at the ripe old age of 26.  Most of you will have by now figured out that I'm referring to Anthony Robbins. 

Is all this to say that I am not a firm believer in the value of education?  Far from it.  I serve as Director of Education for our local Real Estate Investors Association, and have invested well over $50K into my RE Investing Education, travelling the country to attend pinpoint-specific seminars and workshops on the art.  Earl Shoaff's formal education stopped after the 8th grade, but he continued to educate himself through a self-chosen program of study until the time of his death.  Jim Rohn quoted the wisdom he learned from Mr. Shoaff in his speeches throughout his entire life. 

So what conclusion may we draw from this?  Simply that you will pay the price of Education in your Real Estate Investing endeavors in one of two ways:

  1. Up front, by learning from those who have successfully walked the path you wish to tread.
  2. Along the way, in the brutal school of ruthless experience.  Trust me, this is not only the more expensive method in terms of dollars, but can deliver levels of emotional distress that knock many aspiring investors clear out of the business. 

Lou Gimbutis, owner of Property Solutions, LLC, www.SoldCarolina.com, has been buying and selling houses full-time since 2004, first in Michigan, then after moving to NC in 2007.  He serves as Director of Education for the Metrolina Real Estate Investor’s Association.  

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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Lou Gimbutis I was not aware of Jim Rohn only had 8th grade education. There are many successful people had limited educations. Great post!

Oct 04, 2019 03:05 PM #1
Rainmaker
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Lou Gimbutis
Property Solutions, LLC - Statesville, NC
Buying & Selling Houses Since 2004.

Thanks John!  

To clarify, Jim Rohn's mentor had an 8th grade education.  Jim actually made it through one year of college.

Oct 04, 2019 03:42 PM #2
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Lou- very interesting. I have never believed that college is for everyone, but learning and continuing to learn is!!!

Oct 05, 2019 01:12 PM #3
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

                                 

Oct 05, 2019 07:13 PM #4
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Thanks for sharing the inspiration with us. I also had no idea Jim Rohn had a limited formal education. He sure made up for lost time. D

Oct 06, 2019 07:44 AM #5
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Lou:

These are great examples of the value of education that come from life experiences, and other people, and not necessarily sitting in a classroom. Education and learning should be continual.

Jeff

Oct 06, 2019 12:05 PM #6
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Lou Gimbutis - education is not the only ticket to success as you have explained here.

Oct 06, 2019 01:39 PM #7
Rainmaker
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Lou Gimbutis
Property Solutions, LLC - Statesville, NC
Buying & Selling Houses Since 2004.

Thanks Everyone!  More good articles to come, I have a huge backlog that have been published in our local Legal and Real Estate Newspaper that I am "trickling" onto ActiveRain.

Oct 06, 2019 04:17 PM #8
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Lou - a good message and I appreciate that Kathy Streib made the introduction to you through this post.  As I see from your comments, I look forward to insightful words you have promised to share.  

Oct 07, 2019 05:07 AM #9
Rainer
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Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
Relocation to NW AZ with elbow room & more freedom

Thank for your sharing these stories. Being a self directed learner is in my humble opinion is an attitude (habit of thought Zig Ziglar) more people should adopt.

Oct 07, 2019 05:40 AM #10
Rainmaker
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Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

I had heard this story, and it is amazing the impact they all had upon each other. Sometimes, the learning you do after school is much more useful than what you learn in school.

Oct 07, 2019 07:08 AM #11
Rainmaker
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Formal education is great, but what truly matters is continually educating one's self. I'm amazed at how few people read books other than pulp fiction. 

Oct 11, 2019 08:28 AM #12
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Lou Gimbutis

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