Formal & Informal Education

 In today's rapidly evolving world, the gap between academic learning and practical application is more evident than ever. I recently saw a news segment where students were sent out on an assignment to experience the "real world." The point of the newscast was to show how these students would learn to navigate the realities of life outside the classroom. The irony wasn't lost on me. Why not simply start working in the field you're passionate about from the get-go?

From my own experience, I know that many professors are excellent at teaching theory, but they often lack actual experience in the field they're teaching. This isn't a knock against them—it's just the reality of how our education system is structured. But while theory is important, it’s the real-world experience that truly prepares you for the challenges and opportunities you’ll face in your career. This is where true mentorship comes in.

I left college early to pursue a career as a Radio DJ, and after several years, I was lured into selling advertising. My career took a pivotal turn when one of my mentors in the manufactured home industry “showed me the money” and how much more I could make if I went to work for him. Fortunately, I found successful mentors who helped me immensely as I transitioned into this new field. When I was promoted to management, my bosses took a personal interest in me, offering training and mentorship that I still draw upon today. Later, when I ventured into business on my own, I was fortunate enough to join a group of industry leaders who were guided by a highly successful mentor. The lessons I learned from these experiences have been crucial in every phase of my career.

Working in a job that aligns with your career aspirations and learning from those who are already successful in that field is the best education and experience possible. This approach has been the foundation of my success in various industries, including my time as a radio station owner, a manufactured/modular home dealer, and later as a real estate broker with my own firm. There’s no substitute for learning from those who have been in the trenches and know the ins and outs of the business.

However, I also recognize the importance of formal education, particularly in fields where specialized knowledge is essential, such as medicine and law. Professions like these require extensive formal education and, interestingly, also mandate internships or residencies before allowing individuals to practice. This blend of academic learning and hands-on experience—what I would call a bifurcated education—strikes the right balance and ensures that professionals are both knowledgeable and competent in real-world scenarios.

In conclusion, while formal education is crucial in certain fields, it should be complemented with practical experience wherever possible. Whether you're a student or a seasoned professional, the value of real-world experience and mentorship cannot be overstated. Take every opportunity to learn from those who have walked the path before you. In doing so, you'll be better prepared to navigate the complexities of your chosen career and achieve long-term success.