Skill growth,

Income, skill growth, grow your skills, entreprenuership

Transcript

1. 1 www.lifethenfinance.com Skill Growth lEducation is what remains after one has forgotten what one has learned in school.z
   Albert Einstein
3. 3 www.lifethenfinance.com Who is a life-long learner ? n  This a person who learns at every opportunity. n  They stay current on topics they are interested in and how they relate and may impact their career. n  A life-longer learner will purse educational opportunities outside of traditional schooling e.g. workshops, seminars etc. to increase their income potential over their lifetime.
4. 4 www.lifethenfinance.com Increasing your skills n  Attend seminars and conferences n  Read books n  Subscribe to newsletters, blogs and/or RSS feed q  RSS feed – internet news feed that delivers information to a person based on their preferences. n  Enroll in classes at a university or college to learn the latest research within their industry.
5. 5 www.lifethenfinance.com What is ROI ? n  ROI = Return on Investment: n  The profit or return from the original invested amount.
6. 6 www.lifethenfinance.com How is college an Investment ? n  College or trade school is your first large investment. n  Your investment in building skill sets requires an investment but can provide excellent returns.
7. 7 www.lifethenfinance.com ROI for investing in a college education: n  If you invested $100 and you made $50, that is a 50% ROI. n  The average college graduate earns about $400k more than just high school graduate. n  If you pay $30,000 to earn $400k more, that is a good investment.
8. 8 www.lifethenfinance.com Options for investing in education: n  Attend a community college. n  Apply for scholarships and grants. n  Fill out the FAFSA. n  Work with a college planner n  Apply for state and college scholarships.
9. 9 www.lifethenfinance.com Set yourself Apart: n  Globalization has lead to increased competition for jobs. n  Your career choices and skill set will determine if you can compete on a global level.
10. 10 www.lifethenfinance.com Set yourself Apart: n  What is outsourcing? n  Outsourcing – The practice of having various job functions completed outside of a company, rather than completed within the company.
11. 11 www.lifethenfinance.com Why do companies outsource ? n  People in other counties can work much cheaper because of the cost of living and many have access to college education n  Cost of living – The average cost of basic necessities for survival.
12. 12 www.lifethenfinance.com Outsourcing Scenario: n  Steve is a good writer and is proficient in Microsoft Office products, speaking on the phone and general office duties. She lives in Los Angles, CA and gets paid $15 per hour and needs to earn at least that much to afford her expenses. n  HOWEVER: n  Safu has these skills (very similar), too. He lives in India and works for $4 per hour and needs to earn that much to afford his expenses. n  Steve’s company is looking to cut costs. n  From a business perspective, it is cost effective to outsource.
13. 13 www.lifethenfinance.com 
 lSuccess is the sum of small efforts, repeated day in and day out.z 
 Robert Collie