Do you consider college education important?

It is interesting to note that many teens want to enter into college every year. Looking at this desire, many people are asking the question: is college education important? Put it the other way, what can college education bring to my life?

     I would like you to write your comments about this topic.

  

Walter Okpala: What have you achieved in your career 2?

Walter Okpala: What have you achieved in your career 2?: In my last post, I asked the question about what you have achieved in your career. I know that it might sound a bit weird to ask such a ques...

What have you achieved in your career 2?

In my last post, I asked the question about what you have achieved in your career. I know that it might sound a bit weird to ask such a question. However, one should always evaluate himself to see where he is and how does that compare with others. If you really want to be successful, you must do the self-evaluation. 
     Some of the questions to be asked are:

(1) how am I doing in comparison with others in the same profession as mine?;
(2) how are my doing in comparison with my co-workers who have the same 
     number of years of work experience?; 
(3) what have your colleagues achieved in terms of assets?; and,
(4) what have your colleagues achieved in terms of career progression?

If your position is not good in these comparisons, you should look at those at the top. Success in life does not depend on intelligence nor skill, it depends on one's ability in observing and following the best practices. Sometimes, you may be required to make a change. 
     Why should two persons in the same profession have different professional and personal results? Think about it! 

Walter Okpala: What have you achieved in your career?

Walter Okpala: What have you achieved in your career?: I would like you to ask yourself the following question:  "What have I achieved in my career?" Look at yourself again and ask:...

What have you achieved in your career?

I would like you to ask yourself the following question:

 "What have I achieved in my career?"

Look at yourself again and ask: what have I achieved in all these years of my career?

I would like you to give input on what you have achieved so far.

Walter Okpala: What do you do with your bonus 3?

Walter Okpala: What do you do with your bonus 3?: In my last posts, I mentioned the issue of people receiving yearly bonus and misusing it. Do you know you can build wealth with your bonus? ...

What do you do with your bonus 3?

In my last posts, I mentioned the issue of people receiving yearly bonus and misusing it. Do you know you can build wealth with your bonus? Let us lok at ways you can do that.
     Someone who receives a yearly bonus of $100,000 can buy a house of the same amount and pay cash. Doing this eliminates the monthly house rent. The money used for house rent can be directed to retirement contribution. The money can also be used as an investment which gives you return. If this amount is used for investment for a period of ten years, you can even quit your job because the money has accumulated a lot. 
     The biggest investors today did not start with a lot of money. If you remember my old posts where I mentioned that a monthly contribution of $100 for a period of 30 years turns one into a millionaire and $500 per month ($6,000 per year) makes you $6-$7 million in 30 years. $100 for 1 year totals $1,200 per year. If $1,200 can make one a millionaire, imagine what $100,000 per year can do for you during 5 or 10 years.
     The reason why many people end up poor is that they do not invest. Many think investment is meant for some people. In a capitalist economy, anybody can be an investor. It is a question of spending less than you make. There is no miracle. No one is born an investor. Think about this!
      

Walter Okpala: What do you do with your bonus 2?

Walter Okpala: What do you do with your bonus 2?: What do you do with your bonus? This a question asked by many people. Organizations, especially, the big ones pay their employees bonuses e...

What do you do with your bonus 2?

What do you do with your bonus? This a question asked by many people. Organizations, especially, the big ones pay their employees bonuses every year. The value received depends on the performance of an employee in reaching targets pre-established by their companies. Depending on the position of an employee, he or she can receive $100,000 or more. 

     What do people generally do with their bonus? I noticed some use the money to buy new cars. Others use it to travel while others even spend the money on paying rent in richer neighborhoods. It is intereesting that many people want to be wealthy, but do not make any sacrifice towards it. What are the common needs of workers?

     The common needs are generally skill acquisition, second language acquisition, educating their children, buying their houses, preparing for their retirement, among others. Why is it that only the majority invests in the afore mentioned needs? Someone does everything to get money in order to fill the needs. However, these important needs are not met. Instead, the person prefers investing in leisure and entertainment. 

     In the next posts, we will look at how you can use your bonus effectively in building wealth. Think about it!

      

  

Walter Okpala: What do you do with your bonus?

Walter Okpala: What do you do with your bonus?: There is a question that always arises with respect to building wealth. What do you do with the yearly bonus you receive from your Company?...