I’m considering spending my money on going to cookery school in Paris for 18 months (I’m a 22 year old trainee chef) or do you think i should invest in property and go to a cheaper school? My parents and accountant have told me to invest in property. I can’t be arsed plus i want to go to the school in paris… but is it really worth it? at least if i own property, i will have a long-term investment, and spending £35000 on 18 months of training seems like alot – granted i’d be a very good chef but i won’t have anything of value to show for it.
Serious answers only please, not i don’t know.
Thanks
I haven’t got any prior experience at all – although I will have had a year or 18months by the time i go to Paris; I studied French Business at university where i realised I wanted to be in catering rather than sat behind a desk for the rest of my life. In the future I hope to be a top chef, with at least one michelin star, and so the culinary school would boost my prospects alot, although i equally appreciate that simply getting experience in a top restaurant is also valuable.
Tina
Comments
Investing in properties is not a bad idea, however you must consider a few factors; where you live, how quickly the properties are appreciating or depreciating in your area, what your rate of return will be on your investment, and how long you plan on holding on to the properties. Being that you are young maybe you could consider investing into something more long term that could outpace inflation. I highly recommend you read a book called Ordinary People, Extraordinary Wealth by Ric Edelman. It’s an easy read and you will learn a lot about how money works to your advantage. Good luck with the culinary school. NEVER GIVE UP!
I would go to culinary school, property is on its way down and it is always risky! Schooling will stay with you for the rest of your life and you may aswell get the best education you can!
Ordinarily I’m in favor of spending money on education, particularly when it will improve your marketability in your career. But you didn’t say precisely whether you already had some culinary school of some sort. The bottom line is, exactly how much will this school improve your career prospects?
For being a chef it would seem more important to latch onto a job with a famous chef/restaurant, gain lots of hands-on experience, and go from there. 18 months working for a Susan Spicer or an Alain Ducasse will do you more good than school. So only if you feel that you will never get that kind of opportunity without this particular culinary school would it make sense to go.
hey send me a email,
I have something you might like to hear.
Thanks!
def property
