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