Passion for Your Profession

The average college graduate with a bachelor’s degree will earn $2.8 million over his/her lifetime.  The average high school graduate with no additional higher education will earn $1.5 million over his/her lifetime (source: Center on Education and the Workforce).  This is just one variation of the statistic you’ve heard for years……send your child to college, it’s worth millions.

Doing what I do you see things that others may not be privy to.  In the ancient days of starting out, I would call folks from alumni directories.  I was amazed at how many people spent $200-300,000’s to get a job that paid $30,000.  It was equally amazing to find high school graduates who worked their way up from blue collar jobs to run companies and amass millions of dollars.

In a digital world full of cell phones, robots, and computers, we still need skilled craftsman.  If you don’t believe me, the next time your toilet is overflowing you can a) Google for help on YouTube or b) call a 24 hour plumber……you decide. 

Not every son or daughter is meant for traditional college.  As a parent, be open and honest with your kids.  Help them find something they will love doing without the value judgement of whether it is a college path or technical school path.  Help them find their true calling and maybe you can take that money you saved for college and help them get started in business. 

Any opinions are those of Tim Holcombe and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. This material is provided for educational purposes only and does not constitute investment advice. Prior to making an investment decision, please consult with your financial advisor about your individual situation.