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Value Creation Blog

Want To Retire…..Manage Your Education

Posted by Josh Patrick

want_to_retireI know, you’ve already gone to school and you feel that you’ve had enough. If that’s what you think, then you’re limiting what you can do with the largest asset you have.

What’s that asset you say? It’s the ability for you to earn money for the work you do.

Think about it, over your lifetime you have the ability to earn $1,000,000 to who knows how much. If you want to earn more money, you have to bring more to the metaphorical party.

Education isn’t something that you do and you’re done.

You might have thought that once you finished high school or college your education was done. If you did, and you follow through on not learning more, you’re saying I want to get stuck at the bottom rung.

This might be the right place for you. At the same time, if you want to have a richer financial life, finding new things to learn isn’t just a good idea, it’s a must.

College and graduate school just provide you with a club card.

If you get an MBA, you might think you’ve made it. You’ve done all the learning you need and now it’s time to just focus on work.

I hate to break the bad news to you. If you have a college or advanced degree, it’s just a card that allows you to join the club. There’s little that you’re going to learn during your formal educational years that’s going be terribly useful once you leave academia.

The real learning that has any value happens after school and much of it is self directed.

Make sure your learning is highly focused.

Once you decide what career path you want to take, you’ll want to think about what you really need to know to be successful. This is where becoming focused on what’s important is crucial to your success.

I know that in my own case taking two and three-day seminars on a focused topic has allowed me to upgrade my skills. I was then able to take these new ideas, skills and strategies and use them in my business.

Figure out what you need to learn first, and then find a way to learn it. Your boss will notice and it will pay off in the long run.

The valuable things you’ll learn will be on your own.

It’s no secret that I’ve been reading at least one book a week for the past 40 years. The vast majority of that reading has been on learning new ideas, techniques and strategies that have been very valuable in my life.

What have you done over the past year to make your skill set more valuable? What have you learned that can help you get your next raise? What books have you read, seminars you’ve attended or audio books you’ve listened to?

Don’t forget to learn from your mistakes.

The first rule of mistakes is that no one likes to make them. The second rule, is mistakes are a great way to learn.

You’re going to make mistakes. Some of them might even be pretty serious…..or, you’ll think they’re pretty serious when you make them.

Instead of trying to get out of being blamed for the mistake here’s something I want you to do. I want you to take responsibility for the mistake and then let others know what you’ve learned.

Doesn’t this sound like a lot more fun and something that would help you learn faster?

At the end of the day you NEED to be a lifelong learner.

Life long learning is no longer an option. If you want to improve your standard of living you must be a life long learner.

When you make yourself more valuable to your customers, clients and employers you’ll earn more money. I’ve learned the only way I’m going to get a raise from anyone is if I learn to deliver more value.

Before you leave today I want you to do one thing. I want you to write a plan for what you’re going to do to help you become more valuable to those who write you checks.

If it’s your customers or clients, what can you learn that will make their life better? If you’re an employee, what can you learn and what new skills would make you more indispensable to your boss?

If you answer these questions and be a life long learner, you will be rewarded. What do you think?

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Topics: retirement planning, retirement, wealth management

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