Tag Archives: job force

Rethinking Higher Education, Part Two: Internship vs University

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In part one of this series I spoke of the high price tag of higher education and proposed the idea that traditional college degrees were not neccessary for financial success. With that belief in mind I will spend the next few blogs explaining the proven alternatives to traditional colleges and universities.

The first alternative is an old idea, the internship.

Many years ago if a young man wanted to learn to work with metal he would approach the local blacksmith and ask to learn from the more experienced man. If the instructor agreed the young man would work for free in exchange for real life, hands on experience and education. The young student would learn how to run the blacksmith business including what to charge customers, how to accept payment, how to deal with inevitable customer conflict, working the forge, and personal responsibility, among other things.

An obvious advantage of internships is there is zero cost to the student and the student’s family. Picture a small village in colonial America with familes of meager means. Keeping food on the table is already a challenge. Asking these families to find money for the educatiin of their children would be like expecting to slap a rock with a stick and get water from it. It’s just not going to happen. But these families were not without hope. If their young son was determined, hard-working and future minded, he’d receive a valuable, FREE internship, aka apprenticeship, which would eventually help him become an entrepruener!

Nobody spends a dime, no debt is created, a skill is learned and the Blacksmith/teacher has help in his shop for a certain amount of time. That’s a win, win, win situation.

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“But Taz, aren’t internships a thing of the past?” Great question.

I searched online for “Internships in Houston, TX” and found there are a lot of both paid and unpaid internships out there of varying types. One company is in search of a “Marketing Intern to work 10-15 hours a week” offering “reimbursment for gas used at a per mile basis, free lunch during any events, experience meeting professionals at networking events…” along with several other perks. Another company offered full-time employment with great benefits after only three months as an unpaid intern. These internships offer something traditional colleges lack- practical, usable experience in the field.

Internships are alive and well and they can help you gain valuable knowledge without taking on the burden of debt. I love the concept of internships because they offer an alternative to spending a large amount of money in exchange for an education. This concept gives hope to those who are less fortunate in the area of finances. Recently I learned of a doctor who is still paying off his student loans THIRTY YEARS after earning his degree.

When I look at both the American and global economy I see there is a need to question the status quo. The American dream is harder to acheive, upper middle class citizens have lost their houses due to the dishonest practices of the banking industry, the middle class is shrinking, etc. etc.

Higher education is no different. We have to question the status quo. What do we want for our futures, financial freedom or a life of servitude to creditors like the doctor I mentioned? Obviously we want financial freedom. Then, it’s time for us to question tradition, look for alternatives like internships, place them on a scale and make an honest evaluation of what is best for our financial futures.

So, what’s your opinion on including an internship in your Higher Education plan?

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I’m STILL Not Using #Algebra

I graduated from high school in 1992 @ age 17.

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During my school years I remember thinking, as many students before and after me, “When am I ever going to use Algebra?” Math wasn’t the only subject of which I asked this question. History and Astronomy were scrutinized as well.

I’ll be 39 on January 24th, 2014 and have I used Algebra, …at all….ever?! Absolutely not!

I have no animosity towards my former teachers and I do realize some of my fellow students have entered professions where my least enjoyed subjects have benefited them greatly. Some have reason to use Algebra every day.

(I’ll weep and pray for them later)

However, I’ve noticed that most of us don’t have the slightest need to use so much of the knowledge we’ve accumulated from Jr. High forward, yet vital education we now need in our adult lives was overlooked.

Ask the average teenager if they know how to balance a checkbook and they’ll propably ask, “What’s a checkbook?” If the average adult was asked, “Are you happy with your last month’s Balance Sheet?” they’d probably respond by telling you they don’t own a business. They don’t understand how important a balance sheet is for the financial success of the average person, couple and family.

In our great America we have been taught-falsely- that school is where all of life’s important skills and knowledge are attained.

Really?

If this is true why are so many families buried under debt, close to losing their houses and still living paycheck to paycheck? The answer is: They were not properly educated in Money Management.

I learned recently that Jewish parents start teaching thier children about money when the child starts asking, “Daddy could you buy me a…..?” Jewish children as young as eight years old learn to use their allowance wisely. They give the first ten percent to Church, save the next ten percent and even learn to invest another ten percent. Yes, at such a young age they undersand and practice investing. Have you ever notices how financially secure Jewish folks are in America?

It was interesting to learn that jewish grade-schoolers who are asked by non-Jewish children to let them borrow a few dollars respond with, “I’ll let you borrow two dollars for the weekend but you have to give me three dollars on monday.” To the American-bred child this makes sense because he’s seen his parents borrow money all the time. It’s a way of life, totally normal.

Proverbs 22:6 & 7 comes to mind:
Train up a child in the way he should go;even when he is old he will not depart from it. The rich rules over the poor, and the borrower is the slave of the lender.

The proof of these verses is all around us. Remember the American kid who borrowed two dollars and repaid three? He grew up to be the average American worker; in debt and struggling to get by. The Jewish kid who loaned two and collected three grew up to be the average Jew with no debt owning three businesses and passing on that legacy to his children.

FOOD FOR THOUGHT

Proverbs 213:22
A good man leaves an inheritance to his children’s children, but the sinner’s wealth is laid up for the righteous.

The time has come for us to educate our children about how money works, what money really is and how to use it to attain real Financial Freedom!

Is Algerba useful? Yes, IF your profession requires its use. Is Money Management useful? Yes, BECAUSE your Financial Success demands it!