Personal Finance 101: Need a degree or skip the degree?

Personal Finance 101: Need a degree or skip the degree?

I think there is no end to this debate, right?

Someone pointed out to me that if they study and complete a degree, their starting pay may be just RM2,500. Maybe lower, maybe higher but around this number. These days, after SPM, if we are to enter the retail industry and we work additional over-time or if there are some incentives etc, we may also earn RM2,500 per month too. On one hand, studying an extra 4-5 years and earn RM2,500 while on the other hand, just start immediately and maybe start earning RM2,500 just a few months down the road. Does this mean we should just start working after SPM then? I do not know. Do decide by yourself because even in investment, there’s no such thing as the only way. There are many successful ways too.

I shall add to this. Let me share my POV as someone who has a degree and later on, an MBA too.

I have friends who earn RM7-8k via GRAB. Once upon a time a good friend earned 12k per month! Good salary even if these riders / driver have no degree, as long as they are willing to work hard. However, there’s a catch. They will ALWAYS be earning a similar amount for a very long time and this is also dependent on the number of driver / riders too. If we split the same cake among more people, the slice will become smaller. Of course, we can also bake a bigger cake. However, extraordinary incomes will not happen anymore. The days of super growth is over. We shall see.

A fresh grad will need to learn the ropes, improve, enhance, upskill, have the right attitude and in fact they may even found that they could do it better if they become an entrepreneur or they can rise the corporate ladder until they become a lead, then a manager and later on a Creative Director or even pivot and become the CMO. There is no limit and it will depend on them versus having to depend on what the company will control. However, there is NO guarantee. One could make it, one may not. Somehow similar to property investment right. 🙂

Can you enter the corporate world without a degree? Of course you could. Not for all roles because some roles will require a degree for example. However the pay will be lower than a fresh grad and the road up is far longer too. Sometimes, that opportunity may also not be present as the company expected you to remain in the same role for a very long time.

It’s a choice. Make it work.

Last but not least, stick to the choice we make and make it work. Earn good money from ride hailing? Invest them and make the money work for you. Earn good money from the corporate world? invest them. Earn good profits from business? Reinvest them to grow the business further. Happy making that choice whichever it may be.

Please share with people you care.

Sign up for daily investment news updates (FREE since Nov 2013 and FOREVER). 

Alternatively, Follow me on Telegram here.

Please LIKE kopiandproperty.com FB page to get daily updates about the property market beyond kopiandproperty.com articles.

Else, follow me on Twitter here.