Staying Relevant: Treating a New Skill as an Investment
In this episode of Money Lessons, Andy treats a new skill the way he'd treat any other investment: what it costs, what it returns, and when to make it.
He defines skill gap, upskilling, and reskilling; explains why skills go stale, with the World Economic Forum's finding that workers can expect 39 percent of their skills to be transformed or outdated by 2030; and works through a $3,000 certificate step by step, counting the money, the hours, and the years the skill will keep earning.
Fun fact: an employer with an educational-assistance plan can pay up to $5,250 a year toward your education — or, since the 2025 tax law, your student loans — with no tax on it.
Student Loan Forgiveness - The Path Forward
Hopefully we can all agree that living in a more educated society is better than living in one that is less educated. Does everyone need to go to college? The answer is an emphatic “no.” Should everyone commit to continued learning and growth throughout their lifetimes? Absolutely. Limited educational backgrounds lead to more fixed mindsets and societal participants who are unsympathetic toward groups that don’t look or think the way they do. They are also more easily swayed by group-think and the psychology of crowds.