Being a student has pros and cons.

What’s not clearly understood is that the process of being a student teaches many lessons outside of the classroom that help provide a platform to create future success in life.

Here are a few ways that being a student accelerates you toward success in the future.

The Benefits of Student Life for Your Long-Term Success

1. Not Needing a Huge Home to Be Content

One of the biggest problems for people interested in being successful is lifestyle inflation.

This is the phenomena where every subsequent improvement in income must have a corresponding increase in lifestyle. The constant upgrading of personal circumstances from where you live and what car you drive to how you spend the rest of your money leaves nothing left from an increased paycheque.

This will quickly make you feel like you’re never getting anywhere.

When staying in student accommodation, you learn that you don’t need a huge home to be happy.

Student accommodation like these Almero Student Mansions in Nottingham are comfortable and if you can afford them, then why not? But as the Americans would say, it’s not a McMansion. And that’s a good thing.

There’s a growing movement of people known as ‘LeanFIRE’ that choose to live frugally.

They continue to live much like their student days and plan to retire from work much younger too. Some put their savings into starting small businesses which they enjoy far more than their old jobs. Others like to take courses to add to their knowledge and are voracious readers for the same reason.

Related: 6 Best Things to Do to Retire Young

2. Improved Problem Solving and Strategizing

The ability to work through problems is an invaluable skill that’s often taught at University through role-playing.

You’ll deal with many situations in life where staying calm while ‘working the problem‘ is the right approach to take. Taking the time to strategize the best move avoids wasting time on trivialities.

For budding entrepreneurs – and anyone interested in success – moving swiftly through life’s mundane matters to focus on what’s important quickly bears fruit.

Whether using clever strategies to figure out how to beat the competition with a lower marketing budget, or determining what your next venture should be, thinking clearly and well is key.

3. Develop Confidence and Internal Fortitude to Persevere

Being successful requires perseverance. Confidence is needed to push on when following a solid plan even when there are no indicators that success is likely.

Not every turn is signposted clearly on the road to better things. Sometimes it takes a strong belief that your way is right or that you have the answer to a problem.

Exhibiting confidence with other people makes them believe too. In this way, belief spreads and becomes positively contagious!

When needing a team at a start-up to go with you on a journey, then having a belief in what you’re trying to achieve is necessary to engender loyalty from the group.

Learning perseverance and having confidence often develops when you are younger but getting through difficult subjects and completing exams strengthens these aspects of character like an exercised muscle. The more they’re used, the stronger they’ll become.

The lessons learned as a student provide ballast for later life when the seas may be bumpier than expected. Nevertheless, for dogged students who push through life’s challenges, they’re likely to find greater success because they continued onwards where others quit.