Back To School Is Cool

Feb 24th, 2009 – Comment

Don from Ontario writes about Education: Greetings Lou, I love your show on AM640.  I am a 42 year old high school dropout. I currently work as a construction manager for an infrastructure repair company. I make a fairly good salary as I have 26 years of experience in my field ($75,000.00 to $100,000.00). My […]


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Don from Ontario writes about Education:

Greetings Lou,

I love your show on AM640.  I am a 42 year old high school dropout. I currently work as a construction manager for an infrastructure repair company. I make a fairly good salary as I have 26 years of experience in my field ($75,000.00 to $100,000.00).

My wife currently attends a University law program after 16 years as a legal assistant. She will graduate in another two years. Lately I have been feeling a desire to obtain my high school diploma and possibly attempt a college or university degree in business or economics once my wife graduates.

My question to you is considering my age and the time between my wife’s graduation, as well as the two years of full time high school I would need to graduate, then considering undergraduate and graduate time required. Would I be farther ahead to just focus on earning money at this stage of my life, or is the education worth the time investment needed?

Thanks for all you do.

Hi Don,

Congratulations  to you and your wife on having the courage to consider breaking out of your comfort zones to reach another level!
The best advice I can give you is to go after your dream while maintaining your cash flow. At your income level and assuming retirement at age 65,  the opportunity cost of not earning  while going to school full time would not add up from an economic perspective.

To earn your High School Diploma I would encourage you to research the GED program in Ontario. Its designed for people like yourself who have accomplished a lot in their career but want to complete some unfinished business. Here’s a link to start the research on GED  http://www.ilc.org/cfmx/GED/GED_info_brochure.cfm?Menu_ID_Sel=31300&Lang_Sel=1.

Basically you prepare for a series of exams and when you are successful you have crossed the first bridge on your journey.

When you are ready to go for a university degree or even a graduate degree look for night courses or on line programs which you can fit into your work schedule. It will definately take longer to complete your journey this way but it will give you the best bang for the buck.

If you decide to go after your dream full time then do it. Economics is not a perfect science and with the right combination of events you could finish up you journey with a better than average outcome which would put you back in the black financially.

Make the most out your choices and happy capitalism!

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