- Posted November 3, 2008 by
This iReport is part of an assignment:
Are you a Millionaire in the Making?
Invest in Education
At a young age, I made a decision to invest in education. I say "I" because my parents didn't pay for me to go to school like many of you might assume. I worked my way through undergrad and took out loans for law school. Now, as a 25-year old, I have a job that pays over $200,000 a year, and my income will grow to $400,000 by the time I am 30. Because I will live reasonably but well below my means during this time, I will be able to save more than $1,000,000 by the time I am 30 years old (yes, that is after I pay off my $90,000 of law school debt). I will likely earn in excess of $300,000 a year for the majority of my career, and if I make partner at my law firm, I could make millions a year.
I don't say all this to brag (you don't even know who I am). I do it to illustrate a point, which is that it is hard to imagine a widely-available investment that is as low-risk and provides as high of a return as education. The future of this country is not in keeping jobs in America that should be done by people overseas or asking for handouts, it is in the determination, ingenuity and industriousness of its people. If you stop relying on luck, the government and other people to get by and invest your time and money in yourself, I dare say you won't be disappointed.