Becoming Economically Successful in America

On this blog, I discuss important national issues, especially on fiscal and economic matters.  Often this involves discussing policies of Congress or the President, for example, where President Trump is succeeding or not succeeding.

Today, I discuss what every (especially) young person should do to get off to a good start in life.  Consider:

  • When opportunity knocks, we need to be prepared to open the door. Everyone is likely to have a good job opportunity at one time or another.  Be well prepared when this happens.

  • Graduate from high school, get a job, and don’t have kids before marriage. This is just ordinary common sense that everyone should try to follow.
  • Acquire a useful nontrivial skill. This could mean taking a vocational course in high school or perhaps going to a Community College to study a trade.  It could also mean taking a job as an apprentice to a skilled craftsman.
  • Consider going to a four-year college if you have adequate academic skills. Only 27% of the workforce today is in blue-collar jobs.  By 2031, 42% of jobs will require a BA or a BS degree, up from 35% today.   If you do go to college, be sure to choose a useful major, of which there are many.  STEM majors (Science, Technology, Engineering, Mathematics) are very useful, as are Business majors, and, of course, Education majors for future teachers.  All healthcare professions pay well.
  • Many colleges and universities are not expensive, and scholarships are often available. If cost is still a big factor, start out by taking academic courses at a community college and then transferring to an in-state public university.
  • When you finish school, at whatever level, look around for enlightened employers. For example, more than 12,000 U.S. companies, currently share ownership with more than 25 million employees. Many of these employees have become millionaires in the process.

Conclusion.  There are many different ways to make a good living.   Start out by getting a good education in an area that gives you useful skills in a field that you enjoy.  Then look for an enlightened employer who values its employees.  Work hard at your job, and you will be off and running to a successful career!

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