look, I was an engineer for YEARS. It requires so much hustle. You will be exhausted, you will be tempted to take uppers to keep at it, your health will definitely suffer. But it'll also be fun and you'll learn a lot as long as you follow the first rule of music which is to always try to be the worst guy (gal, person, muppet, etc) in the room at whatever you're doing so you will get better by absorbing the wisdom of more experienced people.
I still say do it part time and have a day job you don't mind. I've worked in ehalth care fo ages, and if I weren't a single dad I would be making music every night and weekend. My day job allows me to work on music I want to rather than stuff I have to. I can choose who I want to work with and do things that won't won't make me much because I draw a good enough salary to support my child and myself and occassionally fund a new gear purchase (I've gotten some really cool synths lately :-) The only thing I can say for doing music full time is that when its time to file taxes you can write gear purchases off as business expenses.... but you're usually self-employed these days so you're already taking a hit. Either that or you're making SO little you don't have to file which puts you below the poverty line.
They say that if you put your mind to it you can accomplish ANYTHING. And that's 100% true of musical skills in every area from recording to theory to songwriting.... but success in any business is less force of will and more timing, which is often just catching the zeitgeist and having all your other ducks in a row when you do. No one can teach you that. You can't do much more than have your shit together and hope you can coast on up the slippery slope of success when you catch the right wind to boost you along. It may not happen. As a dad and someone who didn't have a plan B and just got lucky to fall into a 2nd career when I couldn't do it fulltime anymore, I say.... make a plan B. Your parents are secretly thanking me for telling you this right now. You're not going to listen, but remember that someone who worked in the business and didn't do more than making a living for 10 years just told you this.
additionally everyone else gave you good advice.... also, if you're anywhere near Philadelphia look at Drexel University's music business program. I don't know how much they teach those kids, but most of them seem to get jobs in the industry after graduating which is more than I can say of most of the programs that have sprung up. They also teach you about the actual business end which is essential whereas other programs are more production which you can learn on the job. I was already done school when the program started but a few of my former guitar students and their friends have had nice little careers after graduating from Drexel.
be smart, work hard, best of luck... I'll check out your stuff this weekend