Money Management Skills

(backadmin) #1


Investing in Education ......................................................................


Lecture 6

L


ike any investment, paying for knowledge involves costs and
EHQH¿WV0DQ\VWXGHQWVJRWRFROOHJHZLWKRXWIXOO\JUDVSLQJWKHFRVWV
DQGEHQH¿WVRIDGHJUHH0RVWWKLQNWKDWFROOHJHLVPRUHRUOHVVD
QHFHVVLW\LQWRGD\¶VZRUNIRUFH%XWPDQ\VWXGHQWVFKRRVHWKHZURQJVFKRRO
WKH ZURQJ PDMRU DQG WKH ZURQJ VRXUFH RI ¿QDQFLQJ DQG VRPH PD\EH
VKRXOGQ¶WKDYHJRQHWRFROOHJHLQWKH¿UVWSODFH:KLOHHGXFDWLRQLVFRPSOH[
LWLVSHUKDSVWKHPRVWLPSRUWDQWLQYHVWPHQWSHRSOHPDNHLQWKHLUOLIHWLPH
$QGDV\RXZLOOOHDUQLQWKLVOHFWXUHPDNLQJWKHULJKWFKRLFHDIIHFWVERWK
LQFRPHDQGOLIHVDWLVIDFWLRQ


The Education Payoff
% 6WXGLHVRQWKHUHWXUQRQHGXFDWLRQVKRZWKDW\RXUPDMRULVHYHQ
more important than where you go to college in predicting future
LQFRPH 7KHUH¶V DOVR DQ LQFUHDVLQJ FRUUHODWLRQ EHWZHHQ FROOHJH


(GXFDWLRQSD\VRIILQWKHORQJUXQEXW\RXKDYHWR¿JXUHRXWKRZWRSD\IRU
LW¿UVW


‹5LGRIUDQ]L6WRFN7KLQNVWRFN
Free download pdf