Many people have a limited view of what is meant by the term education, yet today even the most prestigious colleges and universities are recognizing experiential learning as a metric to gain access onto advanced courses like masters degrees.
The true value of an education is found in its ability to help people bring more value to the marketplace by enhancing their skills; now, that doesn’t need to be from studying at a university, it could be as simple as visiting AJ’s blog and improving your English, in order to write better.
Essentially, there is no value in having a higher education qualification, on paper, it’s what you do with that education that counts; for instance there are plenty of people with degrees working in call centers. The value of education comes from its ability to catalyse your personal growth, knowledge base, and understanding of an industry so you are in a better position to create more value.
See, many people will go to college or university presuming that it will lead them on a path toward financial security, or even financial independence, but the reality is that a higher education qualification will not automatically lead to higher earnings.
The only way to make more money is to create more value, and whilst formal education can contribute to that, it’s not the be all and end all. If you’re looking to enhance your earning ability you’ll want to bear the following facts:
PRINCIPLE 1: PEOPLE EARN IN ACCORDANCE WITH THE VALUE THEY PROVIDE
People are compensated based on the value they create – whether that is to a person (i.e. a customer) or organisation (i.e. an employer). Put simply, if you want to earn more, you need to create more value in terms of the end result you are providing.
The more value you provide; the more you will earn!
PRINCIPLE 2: LEARN MORE IN ORDER TO CREATE MORE VALUE
There are two ways to learn; one is through experience and the other is through education.
It should be noted that learning is not limited to academic education by studying a course at a university. In many ways, you might be better off learning how to invest in property from someone that has been there and done it, already, in order to enhance your earning ability.
It’s worthwhile considering the fact there are many highly educated people that work in minimum wage jobs, and just because they have a degree does not set them up for inevitable success.
Indeed, it’s interesting that you can find many highly educated white collar workers attending weekend seminars on topics such as property investing, and how to set up a blog, in an attempt to escape the rat race. Ironically, these seminars are often led by people that didn’t do so well academically, but have applied their knowledge to a particular problem, and have gained financial independence as a result.
In summary, if you want to earn more then you need to create more value; and the true value of education is that it can enhance your ability to do this.
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