Should You Borrow Money To Invest In Yourself – Your Career Or Education?
Dont borrow money that you cannot afford may well the adage that your parents or grandfather advised. Still there are times when one may need to borrow money. Say for example a college education or a vehicle for transportation in order to get you to a job on a regular daily basis.
These are examples of debt that are in effect an investment. An investment in yourself. It is always a case of risk versus benefit or of cost versus reward.
In the case of your education a dollar borrowed now will result in better jobs- that you will most likely find more challenging and enjoyable , and have a lot more financial reward than a job on the status scale say as a bus driver or a technician doing oil jobs at your local Wal-Mart. In the case of the car loan. If you do not have a reliable car you have to be reliable in showing up to work on time. That is of course if you wish to keep the job or use the job as a stepping stone to another position and the reference to the next employer of merit is of great value to that Endeavor. Without reliable transport and transportation your circle of...
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