We all have dreams and aspirations, we all attempt to achieve these goals; however, very few people find success. Thinking back to your elementary days, one will most likely picture a wide-eyed child rapidly explaining their future plans of becoming an actor, an astronaut, a clown, the President of the United States, or even in the opposite extreme a hobo. As strange and diverse as our youthful career goals may seem they actually stem from logical foundations. After witnessing variations of these occupations in real life, the lifestyles resonate with our childhood definitions of success and this is how we pick careers at such a young age. We may not understand financial matters, but we do understand that some people have more than others. …show more content…
High school students are constantly pressured into making decisions quickly and often herded to jobs that hold high numerical payouts. However, what teenagers are not being taught is how to control their finances or how to prepare for the future. Students are entering into adulthood with vague plans of pursuing a college degree and then immediately finding a job and finding financial resources. This is a facade wreaking havoc on the possibility of people having financial stability at the age of forty. First of all, young adults are not receiving degrees in occupations with growth opportunities or a positive job outlook. A person’s plan must begin before college, one must have an idea of how much their education will cost, where they will obtain the money from, and how long it will take after graduation to relieve all debt and start profiting. If an occupation requires great debt and also requires a long period of work before making maximum salaries then it will only make financial security that much more difficult. Secondly, young adults need to enjoy and understand the occupations and the future lifestyle that follows. Some vocations are not in-demand in certain areas, others require commuting, and some require specific tools and technology. As stated in the article 10 Tips For A Better Life, “Don’t live to work; work to live.” The first step to achieving financial success is to learn, understand, and make one 's personal plan at an early age.
Next, one must create
As a young man entering my senior year of high school, my mind races as I try to figure out what it is that I’ll commit my life to. What will be the driving passion, the purpose of my existence, the reason I get out of bed every morning to face another day of this life? Some people would try to encourage me to choose a career simply for its potential to make me wealthy. However, looking at the degenerate lives of the rich and the famous around the world, its apparent to me that the pursuit of earthly riches alone isn’t all that it’s cracked up to be. I’d rather spend my days in pursuit of something more fulfilling. As far as I can tell from my
All throughout school, students are ask what we want to be when we grow up. Many of us know or have a pretty good idea, but others have no clue what they want to pursue as a career in life, whether it be furthering their education at a university or attending a technical school. There are other students that plan to start work right out of high school. Either way we all have a plan, and the purpose of this paper is to inform you of mine. I personally struggle in making big decisions like deciding what to do with my life, but then I realized I have been asking myself the wrong questions. Instead of asking what I want to be when I grow up, I asked myself what do I want out of life? what are some of my goals that I wish to achieve? This led
“I feel sorry for the person who can't get genuinely excited about his work. Not only will he never be satisfied, but he will never achieve anything worthwhile” (Walter Chrysler). Deciding on what one wants to be in life can prove to be a demanding task. There are so many, yet limited, different opportunities in the world to have an excellent career and make a decent living while doing something one loves. It is limited because there are only a few specific career paths that someone could take to make good money. It is very difficult to make a fulfilling living being a garbage man. There are many different opportunities because, within these specific careers, there are usually various paths to take. Someone who has dreams to be a
Over the past decade, it has become evident to the students of the United States that in order to attain a well paying job they must seek a higher education. The higher education, usually a college or university, is practically required in order to succeed. To be able to attend these schools and receive a degree in a specific field it means money, and often a lot of it. For students, the need for a degree is strong, but the cost of going to college may stand in the way of a successful future. Each year the expense of college rises, resulting in the need for students to take out loans. Many students expect to immediately get a job after graduation, however, in more recent years the chances for college graduates to get a well paying job
One of the most important decisions in any teenager’s life is what they decide to do after high school, the choice is usually between college and deciding to get a job and start making money. Although the cost of education in America continues to rise, the benefits of a higher education are substantial and can be seen in the success of anyone who has a college degree.
As a high school senior, post high school options are far and few, but the one that shines above the others is the option of attending college. Instead of going straight into the workforce in order to establish some sort of independence, college provides the opportunity to build upon academic skills, gain a step up in terms of work experience, and become more acquainted with the world and adult life without a watchful parent. It is a very impactful experience that can alter the path taken in life but it comes with a very high price, one that many aren’t able to pay and in turn are forced into tens of thousands of dollars in debt. However, the individuals in debt that did graduate have received something that to most of them was all worth it, a degree. With this, they have opened up more paths in life and immediately are more welcomed in the workforce.
At present, being a young adult has an impact on my financial thinking on behavior because I am focusing primarily on my career. For instance, without graduating from college, I will not be able have a higher wage occupation which will allow to me to focus on other life stages such as middle and older adulthood where expenses are higher and investments can be contracted for (Rachel Siegel and Carol Yacht, 2013, p. 11). Risk-taking is not of interest to me because I do not have a
Nearly 80% of teens are currently working 20 plus hours a week just to try and make a minimal living. Most teenagers that go to college end college in $30,000 in student loan debt. No wonder the idea of going to college after high school is becoming an unpopular idea for teenagers who are faced with thousands of dollars of debt after college and their only 21, and trying to make a living while trying to go to college is nearly impossible. Let alone trying to start a life while a life of debt is looming in college student’s futures. Most young people end up not being able to start their life’s because it is simply too expensive. Many students after college end up putting off living on their own, starting a family and end up
Growing up, it is easy to imagine the future playing out something like this: attend college, score that dream job, get rich, get married, have kids, and live happily ever after. It all sounds pretty familiar, however many young adults find that life does not always happen so simply. There are horror stories everywhere. Students graduate, fail to find a job in their field as they expected, and are left feeling hopeless as their credit card and loan bills pile sky high. Take Paige Nichols for example. Paige grew up in a family that was well-off financially. Her parents were able to pay for her two younger siblings’ college educations and, like many middle class children, she was used to getting what she wanted. However, by the time it was her turn to go to college, her parents’ financial situation had gone downhill and she was left to pay for her education by herself. After four years she graduated with a business degree and $20,000 in debt to go with it. Her payment plan was set at $300 per month, and although she had jobs, she was used to living frivolously, and therefore only made the bare minimum payment of $50 most months. This left her in a position where she would remain in debt until she was 50 years old. A few years after graduating with her bachelor’s, she considered going back for her master’s in forensic psychology, something she had grown very fond of. However, since she was already inundated with student debt and could not afford to spend an extra
Throughout all of high school, and especially during their senior year, the only thing students seem to hear about is college. They have to attend tours, fill out application after application and decide what school will be best for them as a person and their career path. But what most people seem to stress over more than anything else is being able to actually pay for college. College tuition is high in price and increases every year, making it almost impossible for students to graduate without extreme debt. There are scholarships, financial aid, and loans to help out those who cannot afford to pay high tuition prices, but these loans are not desirable as they lead to this debt immediately after graduating. There is the help of financial aid, which is based off the parent’s income unless you are 23 and over, but financial aid can be difficult to obtain as there many requirements a student must fall under. Scholarships are another viable way to get financial help but it can be extremely difficult to find ones that you qualify for, especially without the help of an advisor or school counselor. Therefore, financial aid and must become more accessible to students so that future generations are not graduating with overwhelming student debt made worse by their interest rates. If we could minimize the fear of student debt then more of our youth would be pursing their degrees of interest.
It is often argued that rising costs and college debt are the main causes which leads to devastating loans and a long term burden for families. “College costs have been rising roughly at a rate of 7% per year for decades. Since 1985, the overall consumer price index has risen 115% while the college education inflation rate has risen nearly 500% (Odland).” Certainly, many students have struggled to get into a college debt-free and the numbers of costs are increasing more. Nevertheless, students would not encounter such problems if they planned effectively before college and educated themselves to be able to adapt to difficult situations. “More importantly, by engaging students in the planning process, they will be able to develop lifelong skills for success. The self-confidence they gain by actively determining their own future is something they will carry with them through high school, college and into the job market (Noodle).” In fact, college isn't the only option out there. There are alternatives such as the military which requires only test scores and everything else is paid for. In addition to that, they pay big bucks even after
When it comes to achieving success in the work force and finding a fulfilling and lucrative career there are few things more important that higher education. Going to college and getting a degree is essential in finding success in the work force. The problem is when the cost of gaining that degree outweighs the financial compensation the career that follows is able to supply. Very few people are able to pay for college out of pocket. The result of this is that students seeking higher education are forced to take out massive student loans. This means that they are entering the work force after college already thousands of dollars in debt and under water. Outstanding student loan debt topped $1 trillion dollars last year. (Block) This figure is now exceeding the total amount of credit card debt in the U.S. Thousands of borrowers are now forced to postpone important life events such as getting married, buying a home or having children until their debts are paid off. Defaults on loans are rising, which typically leads to larger loan balances. This problem is not limited to young adults. Many student loan borrowers are older adults who went back to school to finish or gain a degree that they put off due to various life events. Others are parents who co-signed loans for their children because they were unable to afford college out of pocket. There’s widespread agreement that student debt is a problem, but there 's little consensus on how to go about solving the issue. The average
As adolescents, pressure from parents to be successful is common. Many young adults end up choosing careers
It is true that dream careers have immense economic, psychological, physiological, and sociological benefits, but why do dream careers stem from childhood, and why is it so important to pursue them? It seems as though, what a child is exposed to allows them to explore, which gives way to an initial childhood dream with endless potential for success in future career endeavors. Similarly, it appears that each individual has a set of unique strengths and weaknesses that further enlist our interests to a particular dream career. Often times, a child will say they want to be a scientist, a nurse, a doctor, or a firefighter when they grow up. It is interesting that the most popular career choices of children are those career choices that have the
As a student in high school, I spend nearly everyday in class envisioning my future. I ask myself where will I be in five years, what will I be pursuing and If i’ll be successful. Adults preach the “what college?” and “what career?” questions that I wish I could confidently answer. I would love to attend college and acquire various degrees, but at what cost? The 40 million americans in debt makes me more hesitant of the future than anticipating. Should I spend the rest of my life working a job I’m not passionate about, or drown in student loan debt for possibly the rest of my life. However, there are ways we can avoid the treacherous amount of student loans. We could apply for scholarships, manage our student loans effectively and strive for