Skip to main content
No. of Recommendations: 7
...becoming a welder or an electrician.

You got that right!

My eldest nephew dropped out of college in pursuit of an electrical engineer degree due to the size of loans he would have to take out (he paid his first year from savings and parent's help), and so decided to work for a couple of years to earn enough to return and pay as he went. His parents, both skilled tradesmen/woman, helped get him into a job as an electrical assistant with a large electrical company. 15 years later he'd worked through the electrician's apprentice ship, tested for and became a journeyman and in 2016, qualified to earn the title Master Electrician. His salary this year will be >$200K as an electrical supervisor....and no student loans. He told me he could have the pick of jobs, most with large signing bonuses, as there are so many vacancies due to retirements.

Compare this to the parallel student who took out loans to a small private liberal arts college where she got a degree in 13th century interpretive dance and now teaches dance at the YMCA for minimum wage and no benefits....along with $50k in student loans.

BruceM
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.