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Education & Skills
Section
I / Section
II / Section
III / Section
IV / Section
V
"Human capital" - abilities, skills, attitudes, and knowledge you have that empower you to perform work or services for obtaining income. Contributors to human capital are formal education, good diet, health, on-the-job training, willingness to migrate among regions and occupations, ability to concentrate, self-control, discipline, and determination to succeed.
Education is a human capital asset that is an income builder for the future. The key to success is to develop a unique contribution that is currently in demand by society. This can be a unique approach, product, skill, hours of working (flexibility, willingness to work long hours), knowledge, or experience. Develop transferable skills to reduce the risk of unemployment. Enjoy the education now as well as designing it for a lifetime of rewards.
According to the Bureau of Labor Statistics, on average, college graduates make 72% more than high school graduates do each year. Average lifetime earnings with a Bachelor Degree is 74% higher than a high school graduate at $2.1 million dollars.
Attend all classes and work wholeheartedly - remember you have chosen to pursue a college education as an investment for economic security rather than the activity or dollars you could have had otherwise. Calculate and know the dollar value of each of your class periods, using this as an incentive not to miss classes. Illustration of method to calculate dollar value:
- A job you could have had pays $20,000
- College costs you approximately $12,000 per semester
- Total cost is $44,000 (20K + 24K)
- Average in-class hours per week are 15
+ 15 hours for outside study & homework
- 30 hours per week X 32 weeks (2 semesters) = 960 hours
- Therefore, every hour in class has a value of $44,000 / 9600 hours = $45.83 or about $46
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