Career and Finance: How to plan your career effectively 1

Tuesday, January 26, 2016

How to plan your career effectively 1

In my last posts, I wrote about the common causes of career problems. However, those posts are meant for those who are already in the field. In this post, I want to give advice to those who have not started their careers yet. Before going into the detail, I will anticipate that planning for your career today requires a paradigm shift about education.
     The first thing you should consider during career planning is to set your objectives. The second factor is to consider your family background. For example, many young people dream of being a doctor. However, one needs to come from a good financial background in order to bear the cost of medical education. That does not mean that someone from a poor background, but shows that you may not go directly to study medicine unless you have a scholarship. You may need to go to a vocational or technical school to learn a trade which will allow you get a job easily and from that, prepare for medical school. 
     Another paradigm shift in education should be to study something that has a higher probability of employability and not just studying something one likes. One can only study what he or she likes if he is from a wealthy family. In order words, college education must have a return on investment just like anyother investment. However, the payback required from parents should be their children's attaining financial independence. Education cannot be for the sake of getting knowledge which cannot be transformed into financial independence. What is the essence of knowledge if one cannot pay the basic bills?
     Therefore, in order to have a successful career, one must think about what to study in college and how the knowledge obtained can be used to make himself stand. Many college graduates today live with their parents because of lack of jobs or lack of employable skills. Many of these graduates used their parents' savings or obtained a loan for the courses. In this situation, knowledge tends to become a curse instead of a blessing. This is the case in many poor families where they expect a college graduate to help in training one's younger siblings. What is the importance of education in this case?
     The bottom line is that college education must be planned in order to provide one with a success career. I know some people say that they studied a marketable skill, but still without job. In the next post, I will give some insights on how to solve this type of problem. So, watch out!            

  

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