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Career and Work

Fixing Your Own Economy

October 21, 2011 by Eric Rosenberg


If you read the news today or listen to talk radio, you will most likely hear some mention of unemployment and how bad the economy is. I disagree, the economy is in great shape. You just need to look after yourself to ensure your personal economy stays on top.

Education

Education is the core to most people's financial success. If you look at top CEOs today, almost every single one has a college degree. Many of them have master's degrees. Most of them went to business school or have an MBA. This is not a coincidence.

If you want to keep your economy stable, you need an education and a degree that will lead to the future you want. I am thrilled that so many people want to be social workers, but a $60,000 master's in social work from a private university will likely make you $25,000 per year. Is that warm fuzzy feeling worth it?

The same university offers an MBA for the same cost. That degree will leave you making double what a social work degree will make you.

History degrees, art degrees, English degrees, and other liberal arts do not have a bright future today. Unless you want to be a teacher or go to grad school, these degrees will help you land a job with good benefits at Starbucks. Make sure you know what you are getting into when you pick a major.

If you don't believe me, this graph from the Department of Labor breaks down the numbers.

[Read more…] about Fixing Your Own Economy

Filed Under: Budgeting, Career, Economy, Insurance, Investing Tagged With: Career and Work, Economy, Education, Emergency Fund, Income, Insurance, Investing

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I started a little side hustle blog in 2008, and left my full-time day job as a Senior Financial Analyst to turn my side hustle into a full-time gig. Learn how I did it so you can build your side hustle. It all starts with the first dollar.

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