In my last post, I asked some questions which should be answered in order to prepare for a good career in the future. However, it will be good to firstly define what is meant by a good career. I understand that different people have different needs which when attended, gives them satisfaction. But, whatever our needs may be, there are fundamental ones that must be met. They are food, shelter, clothing, and utility bills and tax.
I included tax here because many people forget that one must pay tax. This is one of the barriers in financial planning of workers. For example, a worker on $100,000 salary per year should not have lifestyle of someone with $100,000 income, but a lifestyle that supports about $70,000. Other variables like shelter and clothing depend on the individual. In other words, one must determine what type of neighborhood he or she wants to live in and the types of clothes he will like to wear. In the same way, he should determine the type of car to ride. Also summing educational of children and their maintenance.
Through this simple arithmetic, one can estimate the minimum amount necessary to satisfy his or her needs. It is ironical that many people do not think about these factors while choosing their careers, but the should. With the exception medicine and allied courses which will always be in demand, one has to look for information about other majors before embarking on them in order not to suffer deception or depression after graduating. Think about this!
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