Investment in Yourself 1.1.9

1
Investment in Yourself 1.1.9

• Family Economics Financial Education
• Take Charge of Your Finances

2
Influences

• Value a fundamental belief or practice about
  what is desirable, worthwhile, and important to
  an individual.
• Goal the end result of something a person
  intends to acquire, do, reach, or accomplish
  sometime in the near or distant future.
• Need something thought to be a necessity
• Want something unnecessary but desired

3
Human Capital

• Human Capital skills acquired through a process
  of self investment.
• What are examples of things you can do to
  increase human capital?
• Summer jobs
• Volunteer
• Extra-curricular activities

4
Education vs. Income
Higher Education Higher Estimated Lifetime
Earnings

• Education is essential in getting a high-paying
  job. In fact, for all but 1 of the 50 highest
  paying occupations, a college degree or higher is
  the most significant source of education or
  training. Air traffic controller is the only
  occupation of the 50 highest paying for which
  this is not the case
• 2004 Bureau of Labor Statistics Occupational
  Outlook Handbook, Tomorrow's Jobs

5
Education vs. Income Activity

• Stand up with your colored square
• Everyone standing represents the people who
  started high school. This activity will show the
  different paths people can choose during their
  lifetime and the different results.
• Based upon 2007 US Bureau of Labor Statistics
  Data

6
Orange

• If you are holding an orange card please sit.
• These 4 people represent 15.2 of the U.S.
  population who did not graduate from high school
  or earn a GED. On average, they earn 33,913 per
  year, the lowest wages of all workers
• Congratulations! Everyone remaining finished
  high school.

7
Red

• If you are holding a red card please sit.
• These 6 people represent 25.2 of the U.S.
  population who graduated from high school or
  earned a GED. On average, in the United States,
  they earn 46,938 per year.
• Congratulations! The remaining decided to
  further their education.

8
Green

• If you are holding a green card please sit.
• These 5 people represent 21.8 of the U.S.
  population who dropped out of college without
  finishing a degree. On average, in the United
  States, they earn 54,881 per year.
• Congratulations! The remaining finished some kind
  of post-secondary education.

9
Yellow

• If you are holding a yellow card please sit.
• These 2 people represent 8.9 of the U.S.
  population who received their associate degree.
  On average, in the United States, they earn
  64,537 per year. Jobs requiring an associates
  degree are expected to grow 32 between
  2000-2010. These people are prepared for this
  significant change in the job market.

10
Blue

• If you are holding a blue card please sit.
• These 5 people represent 18.7 of the U.S.
  population who received their bachelor's degree.
  On average, in the United States, they will earn
  88,948 per year, which is more than twice what a
  high school graduate earns.

11
Purple

• If you are holding a purple card please sit.
• These 3 people represent 10.2 of the U.S.
  population who have completed their graduate or
  professional degree. On average, in the United
  States, they earn 115,179 per year.

12
Education vs Income
Educational Attainment U.S. Average Income (2007) Percentage of U.S. Population (2007) Percentage of State Population
Not high school graduate 33,913 15.2
High school graduate including GED 46,938 25.2
Some college no degree 54,881 21.8
Associate degree 64,537 8.9
Bachelors degree 88,948 18.7
Masters, doctoral, professional degree 115,179 10.2
13
Traits of successful workers

• Traits employers seek include
• Extra curricular activities
• Member of school organization
• Part time job
• Possible job sources
• Internet
• Newspaper
• Networking

14
Review

• Degree levels
• How long does it take to obtain each degree?
• What is an example of a job you can get with each
  degree?
• What traits do employers look for in employees?
• What are sources to use to find a job?