College: A Sound Investment Essay

Cost is always about loss. When we mete out probability cost, we consider what losses an opportunity brings us. One of the most enduring opportunities individuals receive is education. guild is immersed in messages about the benefits of education, but what about the be? Any of import decision should involve a sound cost-benefit analysis. Do the benefits outweigh the be? This is the basic question of decision-makingof investment. Is college worth the investment? In consideration of this question, I would first need an estimate of the cost of college.First, I would tally the basic, receptive costs. Tuition, books, room and board, travel expenses (for commuters) each of these components would subtracts from my finances. Suppose all of these expenses add up to roughly fifteen kibibyte dollars per year. Now, if I subtracted around five kibibyte dollars for scholarship, I would be left with a lucre debt of ten potassium dollars per year. At the end of my college experience, the cost of college would be around forty megabyte dollars, correct? IncorrectI control failed to consider the hidden costs of college.Namely, I have not aken into account the wages I have lost because I chose to be in the classroom rather than in the workforce. With a high school education, I might have anticipate a job that pays perhaps fifteen thousand dollars a year. foursome years of this wage would leave me with a gross profit of sixty thousand dollars. So, what is my overall cost of college now? 100,000 dollars. What was I thinking? For one, I was thinking that without a higher education I could have expect my wages to rise by at most five thousand dollars, if I was being generous.No advancement in my nowledge or science sets would have corresponded with no job growth opportunities and thus no material income growth. Therefore, short of winning the drawing, my wages would remain relatively stagnant. I was overly thinking that with a college degree as my backing, I would ha ve the supplement to position myself into an entry-level job that would pay at the very minimum twenty-thousand to xxv thousand dollars. Further, I was thinking that entry-level positions lead to advancement. Entry-level positions lead to opportunity.With a decade of strong ork ethic, I have a respectable chance of press stud the forty to fifty thousand dollar barrier, if not more. With just cardinal years of such a salary, I would compensate for the one atomic frame 6 thousand dollar investment I made to ensure my career. I was thinking that I would much rather retire with a net worth of in the hundreds of thousands rather than the prospect of a retirement where the number 100,000 is still as magical and elusive as that winning lottery number. Most important, I was thinking that I would gladly pay the opportunity cost today to realize the opportunityfor myself and for my future familytomorrow.