22 years old, $36K CAD saved, but I want to use it to go to HVAC school. What would you do?
Hello everyone,
I'm 22 years old living in ottawa ontario, (for context i only have a g1 and im getting my g2 drivers license in november) and I've been working as a security guard for the past 2 years. I live with my parents and have managed to save up 36,000 CAD (~25,000 USD) and have 0 debt.
I'm thinking of going to college for HVAC because the program only takes 1 year to finish, however, the college isn't near my parents so I would have to get my own place and support myself
Currently, I make 2,500 CAD per month working as a security guard. I wouldn't be able to work nearly as much, maybe at all, if I go to the program because I want to get it done as fast as possible so I can start in the trade and make more money
The main problem I'm facing is that I worked very hard to save up that money and was planning on investing it, so the fact that I might have to use a big chunk of it to pay for rent, food, transportation, etc is disheartening.
I know my options are either go to the school, move out, and try to use some of the 36k to pay for my expenses for the next year or so, or to keep working as a security guard and save up more money so I can go to the school at a later time
If you were in my situation, would you say its smart to invest the money in my self by going to school and losing most of the 36k, or wait until I can support myself?
I'd really like to hear from anyone who went into this later in life and if they regretted waiting.