By James Santagata
Principal Consultant, Career OverDrive!
Here's something you need to know:
Education opens doors while debt often closes them.
Over the years, I've worked with many young to middle-aged clients who've had to forgo their dream job simply because of the low initial salary it offered.
This also hits people very hard who are looking and eager to change industries or transition into another functional area but can't because their lack of expertise and value is reflected in an initially lower salary which is insufficient to cover their loan payments (school, car, home). Yet, if they were able to stick with this new industry or job role they would soon find that their earnings would be sufficient for their needs.
Often due to heavy school loans or even a burdensome mortgage or car payment people become tied to doing what they dislike or they may be working for a company where they are underpaid (and accepting it) just to keep their "safe" job so that they can service their loan or loans.
Think wisely before you borrow. It's impact can be doubly compounded when we consider opportunity cost involved.
Principal Consultant, Career OverDrive!
Here's something you need to know:
Education opens doors while debt often closes them.
Over the years, I've worked with many young to middle-aged clients who've had to forgo their dream job simply because of the low initial salary it offered.
This also hits people very hard who are looking and eager to change industries or transition into another functional area but can't because their lack of expertise and value is reflected in an initially lower salary which is insufficient to cover their loan payments (school, car, home). Yet, if they were able to stick with this new industry or job role they would soon find that their earnings would be sufficient for their needs.
Often due to heavy school loans or even a burdensome mortgage or car payment people become tied to doing what they dislike or they may be working for a company where they are underpaid (and accepting it) just to keep their "safe" job so that they can service their loan or loans.
Think wisely before you borrow. It's impact can be doubly compounded when we consider opportunity cost involved.
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