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Showing posts from February, 2018

How Hard Would You Work for an Extra $1 million?

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It's no secret that a top-notch college education confers valuable special advantages to those fortunate, talented, and diligent enough to obtain one, including: superior instruction; well-connected networks of professors and alums; preferred access to coveted internship, research, and employment opportunities; etc. Let's assume that landing a seat at a top school rather than an average school means you're able to increase your month salary $1000, on average, over the course of your working lifetime, and that this allows you to save an extra $500 per month, on average, for 40 years at 6% real growth. That's an extra $1 million in present value purchasing power once you hit retirement. And these dollar numbers are conservative. You could quite easily double them, in the right jobs and fields. That's a completely different life, not only for you, but for those who come after you. Now are you motivated? In general, the best thing you can do to increase the ...

How Hard Would You Work for an Extra $1 million?

Image
It's no secret that a top-notch college education confers valuable special advantages to those fortunate, talented, and diligent enough to obtain one, including: superior instruction; well-connected networks of professors and alums; preferred access to coveted internship, research, and employment opportunities; etc. Let's assume that landing a seat at a top school rather than an average school means you're able to increase your month salary $1000, on average, over the course of your working lifetime, and that this allows you to save an extra $500 per month, on average, for 40 years at 6% real growth. That's an extra $1 million in present value purchasing power once you hit retirement. And these dollar numbers are conservative. You could quite easily double them, in the right jobs and fields. That's a completely different life, not only for you, but for those who come after you. Now are you motivated? In general, the best thing you can do to increase the ...

How Hard Would You Work for an Extra $1 million?

Image
It's no secret that a top-notch college education confers valuable special advantages to those fortunate, talented, and diligent enough to obtain one, including: superior instruction; well-connected networks of professors and alums; preferred access to coveted internship, research, and employment opportunities; etc. Let's assume that landing a seat at a top school rather than an average school means you're able to increase your month salary $1000, on average, over the course of your working lifetime, and that this allows you to save an extra $500 per month, on average, for 40 years at 6% real growth. That's an extra $1 million in present value purchasing power once you hit retirement. And these dollar numbers are conservative. You could quite easily double them, in the right jobs and fields. That's a completely different life, not only for you, but for those who come after you. Now are you motivated? In general, the best thing you can do to increase the ...