Education has a major impact on the future of your wealth. As you can see from the following stats, a good education pays off in life. When you are educated, you add value to your offering to an employer. They understand the minimum you should know and have proper expectations. Any additional experience and self-learning makes you even more valuable.
If you invest in higher education, your choice of major can also have a big impact on your lifetime earnings as well. Based on the 2013-2014 College Salary Report, the top-paying careers are:
However, not all degrees are equal. After all, a doctor is expected to earn more than a fine-arts degree, for example. Likewise, the following are the lowest-paying college majors:
Source: PayScale Salary Survey Data – 2013/2014 College Salary Report.
Therefore, choose wisely. Look at your gifts, your passions and your dreams. The degree you choose may well decide whether or not your dreams and your future wealth are compatible.