Invest In Yourself ? Your Career, Future Income Stream, Education And Training

Even if you have to borrow and go into debt is Even if you have to borrow and go into debt is this not money well spent? Even if you have to borrow and go into debt is this not money well spent? Even if you have to borrow and go into debt is this not money well spent? Even if you have to borrow and go into debt is this not money well spent?

Even if you have to borrow and go into debt is this not money well spent? Even if you have to borrow and go into debt is this not money well spent? Even if you have to borrow and go into debt is this not money well spent? Is this not money well spent?

Is this not getting ahead in life? But what of investing in your own future in terms of an investment in your personal education or training as well as investments in your own personal career. If you cannot afford it- then do not buy the item. The same basic advice should be heeded by many. The advice often given to young couples starting off in life is ?Not to buy what you cannot afford?.

Indeed it is and can well be. ? satisfaction is this not money, time and effort well spent and allocated.

and ?personal? If at the end of the day , year or decade you will be much further ahead in position , salary as well as benefits in addition to ?job?

In the case of your education a dollar borrowed now will result in better jobs- that you will most likely find more challenging and enjoyable , and have a lot more financial reward than a job on the status scale ? say as a bus driver or a technician doing oil jobs at your local Wal-Mart. In the case of a vehicle or car loan it may be a godsend. If your vehicle is not reliable ? then how can you show up on time, keep your job without an image and reputation of reliability? Not only do you want to keep your employment and income associated with the job but also the job references from your employment superiors for use with other employers for better positions and pay, or for promotion within your present organization. You may even run into a case of promotion within your present firm to another branch office or plant. Not having reliable transport may limit your promotion offerings and flexibility. In addition, if you take out a loan to purchase that vehicle, you may well have upscaled and upgraded your car or SUV, from the models that you most likely would have purchased. By doing so, and driving a higher grade auto model, you may well appear as a more established, senior, more experienced and established employee as well as individual. Fortunately or unfortunately in life most comes down to appearances and perceptions.

There may be a much better and / or better paying job but its way across town, or in an area not served by the bus transit system. Or it may be the case that there is bus service - but if devours a good two to three hours a day of travel time. Good bye to your personal social life. You may have all the money in the world ? the wealth of Bill Gates Himself and yet no time or energy to enjoy it. So much for all that pay of that new wonderful job.

A real step foreword as they say. It is always a case of reward versus cost or cost versus benefit. It is a case by case analysis.

Incorporate the price of gas into your final net salary not as an aside. Many people will drive across town for a bargain to save a dollar and spend $ 10 on gas costs in the process. The same analysis of benefit versus costs prevails in the car / transport / job scenario situation.

Don?t break the bank so to speak at the first step. be at bank, savings and loan, credit union or even parents or relatives. Leave a buffer of funding both for yourself and as well with the agency that provided the loan ? Or you may even have to repeat a course or change plans along the way necessitating longer time duration of studies. ditto for time delay.

A course may be full ? you will have to complete your schooling fully at a later date than expected. A course at university may not be offered in your calendar year ? financially.

Do not stretch yourself too thin ? In addition you should think of additional or add on costs.

To borrow for yourself and personal gain make prudent sense. To not take the exercise seriously is to shortchange yourself and your future opportunities as well as income stream in the future. an investment in yourself. Remember the whole point of the exercise was your self improvement ?

Make a commitment and follow through. Explain the situation honestly. If you are really stuck then contact the lender. If you cannot pay in full, then at least pay a bit above the minimum payment.

whether they are for rent, mortgage, utility bills, bank loans, charge card payments or student loans. This applies to all loans ? even earlier than required. Pay your bills on time ? Your credibility itself is on the line, in addition to your personal honor and integrity and reputation.

It?s not only a matter of convenience. Before making that commitment for a loan or undertaking always evaluate carefully before signing on the bottom line. Never take on more than you can chew, or in this case afford. always pay your bills.

Lastly and most importantly ?