Apr
3
2008
I am teacher so I guess I am sort of biased in this respect, but I feel that education is one of the best personal investments that you can make in your life. Now, I do differ from how other people characterize the investment though.
Others try to say that society is investing in the education of the children. That is true, but it’s not a very good investment if you judge it by the same criteria you would evaluate any investment. The greatest investment is the investment we make ourselves in education.
How is this? Well, when you invest your own money into better educating yourself, you will see investment returns in the form of more knowledge, better skills and a higher salary. An investment in education can result in a several fold increase in just a few years.
By that yardstick, education surpasses any other investment in terms of the return on investment. Education really is the best investment you can make.
no comments | tags: Education, investment, investment returns | posted in Education
Mar
28
2008
I am so excited about the coming tax credit. It looks like we will be getting a total of $1200 for the tax credit when it gets mailed to us in May. My husband and I have already talked about what we will be buying with our tax credit.
It is going to be used as savings. You got that right. We don’t have much debt and we are doing our best to live frugally so the best place for the money right now is in our savings. It will be for a rainy day emergency and I think that’s good. It should help us reach our goal of 3 months of expenses saved up.
That means that we are going to be able to start devoting our savings into more long term investments. This will be very good because I have been particularly interested in that for awhile and now my husband will let me try my hand at trying to invest in some mutual funds Yippee!
no comments | tags: emergency savings, investment, mutual funds, savings, tax credit | posted in Money