Education, Financial Freedom, and the New Economy

A new phenomenon is emerging that could change everything that we know about how to earn a living: People are beginning to re-think the whole college thing.

I just talked to a neighbor yesterday who told me that her 18 year-old daughter just couldn’t see how college would help her with her dream of financial freedom combined with large animal grooming and so she is serving an internship that is morphing into a full time job in a field that she has dreamed about for years.

This is happening all over the country and the clash between the Industrial Age and the Computer Age is the culprit. At first, computer technology was “heralded as a messiah” in terms of increasing efficiencies such as just-in-time-inventory.

But in the past 10 years, we have seen that same increase in efficiencies transform and reshape nearly every field of business and industry leading to some of the highest rates of unemployment on record.

To add injury to insult, most colleges and universities are still educating for Industrial Age jobs or simply can’t keep up with technology to the point, that by the time some students graduate, ¼ to ½ of what they learned is obsolete for market application.

With U.S. student loan debt surpassing $1 Trillion and as many as 70% of new graduates not finding work in their fields of study, the clash between the Industrial Age and the Computer Age is for them-more reality than theory.

Enter Entrepreneurship (watch this video).

When the Industrial Age was still the new kid on the block, early adapters (entrepreneurs) embraced the changes of the Industrial Age and became the icons of financial freedom in the fields of industry, business, science, medicine, communication and transportation, for the next 100 years.

Entrepreneurship solves the problems of unemployment by training and preparing people to anticipate change. It teaches people to perpetually embrace and cultivate forward-thinking innovation and to build personal skills that allow them to navigate rapid technological and social change.

And within the realm of entrepreneurship is this emerging opportunity called Network Marketing. There are 112 million people worldwide participating in network marketing, with another 200 million people expected to join this unique marketing strategy of the “New Economy” over the next 10 years.

While the 1980’s stigma regarding Network Marketing might still be there for some people, the reality of 2015 is that this process of moving products and services is the method of choice in the 21st Century by many name brand companies.

The tax advantages of entrepreneurship or home-­based business are overwhelmingly appealing. The time flexibility and income potential are very conducive to a lifestyle of independence and low stress.

As a direct result of the rising globally middle class and the impact of the Baby Boomers, the Anti-­aging industry where network marketing is exploding for example, will exceed sales of $1 trillion by the year 2025.

Business leaders around the globe from Donald Trump to Robert Kiyosaki are praising the efficiency, effectiveness, and money-­making brilliance of network marketing. Make no mistake, the New Economy is here to stay, and with it–the new business model of network marketing.

Financial Education – Financial Wealth

Financial Education

Financial education is all about learning how to balance your earnings, expenditure, investment and savings. It is necessary for individuals, especially those from middle class and higher income groups to educate themselves over each area pertaining to finance. Studies show people who enroll in programs offering financial education have a better grip on their financial situations in their day-to-day life.

Such people plan a financial budget well beforehand to ensure a smooth economical living. This way, financial education puts you in better control of your finances. Through proper financial education, you are bound to develop financial skills, which are necessary for survival and to boost your confidence level. In addition, as time graduates, individuals are able to make well-versed financial decisions independently. All this is possible through good financial education only.

Financial Wealth

Alongside financial education is financial wealth. The intention of every individual is to make the most of financial wealth they have accumulated over the years. Only a few franticly crave for creating wealth through every way possible. While wealthy people spend lavishly and people in a lower income bracket strive to keep up with the Jones’.

Financial intelligence plays a major role in the creation of financial wealth. There are numerous books addressing this vital feature of financial wealth. In spite of this, many people fail in their endeavors of accumulating financial wealth. Financial intelligence refers to knowing the importance of money in terms of your assets and liabilities. The reason why some people remain poor all through their life is the inability to differentiate between liabilities and assets.

Where finance is concerned, assets refer to the money that you introduce each time to your personal bank account, whereas liabilities are anything that may require you to spend from your pocket.


What does financial education include?

It includes, managing money, budgeting, avoiding identity theft, balancing checkbook, keeping each statement of finance confidential, managing debts and much more.

What does it take to build financial wealth?

To start with, always think positive in life. Make wise use of credit for investments and business purposes. Purchase a new car only when you have the available finance. Invest your money in small ventures rather than allowing it to remain stagnant in your bank. Lastly, increase cash flow by minimizing expenses.

Now it is obvious that, both financial education and financial wealth go hand in hand. Therefore, individuals need to educate themselves about both these aspects to lead a financially disciplined life.

Online Education Graduate Degree

Statistics from the U.S. Census Bureau reveal that a person who holds a graduate or master’s degree can expect to earn about $55,000 per year. People holding a bachelor’s degree can expect to earn around $46,000 per year. The average benefit for holding a graduate degree can raise a person’s income about $225,000 over a period of 25 years. This rate of return clearly shows that it is a solid investment to pursue a online graduate degree. Online education graduate degrees enable busy adults to attain a higher education while still maintaining employment to earn a living.

Requirements to Pursue an Online Education Graduate Degree – To earn a graduate degree online, students need to be well-organized self starters who can manage their time and review course material independently. Online students also need full access to a computer with a 56 kbps modem or better, with Internet service and virus protection. Students attending school online should be able to use email and basic Internet functions to communicate with professors and take online exams. Online education graduate degree programs are delivered in a web-based format that is available 24 hours a day for the convenience of working students seeking success.

Validity of Online Education. In the 1994 study of R. Clark, and in the Pew Learning and Technology Study ‘Innovations in Online Learning’ by Carol Twigg in 2001, they concluded that if the online course was designed with the same rigor as one taught in a face-to-face environment, the outcome is likely to be equivalent. Further, the standards for undergraduate education are defined by the Seven Principles developed by Chickering & Gamson (1991). These seven principles were updated to show how to implement these ideals in online education (Chickering & Ehrmann; Graham, et al. 2001). In 2002, the Ohio Learning Task Force issued a report that recommended principles derived from Chickering & Gamson were to be used to design, approve, assess and review all courses, whether in person, or online, or a blend of both. The Seven Principles a) encourage contact between students and faculty; b) encourage active learning; c) encourage cooperation between students; d) give feedback promptly; e) communicates high expectations; f) emphasizes time on task; and g) respects diverse ways of learning and talents. Therefore, online education graduate degrees follow the same criteria as those earned at a physical college campus, so they are equally viable.

Cost of Online Education. Getting an online education graduate degree can be more affordable than attending a physical college campus because there are no costs for transportation or housing. In 2004, an online resource site took a sample size of 120 online master’s degree programs and found that the cost for education could range from $2,760 to $110,000 for an accredited degree. However, graduate degree students can explore several options for tuition assistance, including:

Tuition Reimbursement. The National Center for Education Statistics found that almost 20 percent of all graduate students receive aid from their employers. Potential online education graduate degree students should consult with the human resources director of their company about tuition reimbursement programs and company scholarships they may qualify for.

Labor Unions. Over 60 labor unions, through 38,000 national chapters, offer $4 million dollars in educational financial aid. If a student belongs to a union, the web site at can offer leads to Union-Sponsored Scholarships and Financial Aid.

Financial Aid. There is even state and government financial aid available for certain distance learning programs. The free government aid directory at can help students locate resource centers in their state and offer information about financial assistance to pay for college.

Loans. There are government-backed Stafford student loans that typically carry the lowest interest rate. For example, the interest rate for a Stafford education loan in 2003 was only 3.42 percent. Students seeking Stafford loans should consult the free annual publication, the Student Guide to Financial Aid. Private student loans are also offered through finance companies such as KeyBank or Citibank, but they usually charge higher interest rates and require students to pass a credit check.

Tax benefits. There are also significant tax benefits available to online education graduate degree program students. Interest on student loans may be tax deductible during the first 60 months of the period to pay them back. Eligibility for this tax benefit can be determined by checking the IRS Publication 970: Tax Credits for Higher Education. Further, under the Lifetime Learning Credit, students may be eligible to deduct up to 20 percent of the first $10,000 of graduate tuition from federal taxes. Also, some or all tuition expenses may be deducted if an employer requires additional education to maintain the student’s current professional status. Students can review IRS Publication 970 for guidelines, or consult with an accountant to see what portion of tuition for college can be deducted from their taxes.

When a potential student considers the ease of earning an online education graduate degree, along with the improved financial status as a result of attaining this degree, it is clearly a wise decision to pursue virtual learning.

Why Is Your Financial Education Out Dated?

Financial Education or Financial Literacy is the ability to understand what money/currency is and how to use it in a way that allows you to live the lifestyle that you dream with out getting taking advantage of. Most people, especially in the U.S. have very little financial Education due to its limits in our school systems. Below I’m going to give you a little of the history to catch you up to speed.

The Changes To Our Money
The old rules 1971 Richard Nixon took us off the gold standard, and made our money a currency. Which means that its not backed by Gold but my IOU’S that are created out of thin air, which turns into debt as soon as its printed and distributed.

ERISA Or as you may know it 401K

In the year 1974 ERISA was passed (Employee Retirement Income Security Act). ERISA is now evolved into what you know as a 401k. ERISA was originally created for high paid employees and CEOs to help assist with an additional revenue. In 1981, the IRS ruled that all workers could use the same means for revenue. But one of the big problems with the 401k is that its not a retirement plan, its a savings plan. What this means to all employees that you no longer had a paycheck for life and that the company was not going to take care of you for the rest of your life. So after these dates you would now have to save and invest enough money so that you can pay yourself a paycheck for the rest of your life.

Prior to 1971 the old rules were

  • Go To School
  • Get a Safe Secure Job
  • Save Your Money
  • Buy a House
  • Get Out Of Debt
  • Invest For The Long Term

A lot of people today still say the same things, I’m going to school to get a good paying job, make a lot of money, I’m going to buy house, invest and diversify. Those were the old rules, now I’m going to get into the new rules of money.

Lets take at look at this word: School

Before the year 1974, you could just go to school and get a job and be fine in society, but today in our society, people need to know that you need more education than the school systems provide. For example, one type of education that ours schools provide is Academic (which is reading writing and arithmetic and trust me those things are very important to survive.

The second is Professional, after you graduate from high school, do you go on to law school, become a doctor, Lawyer, etc. This is also very important and ours school do a good job of that.

Now the third is Financial Education. Financial education is why our people are in deep trouble today, our school systems have very little if any financial education. Also the only financial education our school teachers are teaching our kids is the knowledge that they know which is get a safe secure job, work hard get out of debt etc. That education is inadequate at this time.

Now with some of the old rules explained, moving forward we all need more financial education and need to invest in our greatest asset which is our minds and increasing our financial literacy. Its by combining all three of these that will give you the advantage you need to increase your lifestyle.