Recently I read an article that predicted that university enrollments were going to drop in the next 20 years. And that tertiary education would become almost obsolete as we know it in 3 decades.
This made me think - If our kids arenít going to go to Uni, then what will they do?
I broke it down to a few categories below and have also provided some resources to help you get your kids on the right track.
Image From Pixabay
The income of trades people in Australia has been steadily climbing in recent years. In fact I have friends who are newly qualified (and very good at what they do), that are earning 6-figure incomes.
Yes it is hard work, but with the right qualifications (such as truck licences, subies tickets etc), they are doing it.
I also have other friends who have launched their own mechanic shopís in their early twenties and are doing extremely well with employees and a steady stream of return clients.
So if your children would like to become a trades person, then please forget the old way where trades people earned less than their white collar counterparts.
Image From Pixabay
Recently I was reading an article that in order for Australia to survive in the outsourcing generation we will need to become a nation of Entrepreneurs & thought leaders.
This means that entrepreneurship is set to rise nationally. This is further fueled by how easy it is for people to kick off their own business online.
If your children want to follow this path then help them to learn from the greatest entrepreneurs around through biographies, marketing books and being surrounded by a solid network. This way you mitigate the risk and help increase their chance of success.
3. Learn On The Job
Image from Pixabay
I have another family member who doesnít have any Ďofficialí qualifications - yet they have helped businesses all over the world to grow their sales. From small start ups right through to multi-Billion (with a B) Insurance companies, theyíve helped them all with effective marketing and sales strategies
How? Weíll itís not because their super gifted, but because they learned on the job. They took the approach of experience over degrees, and for that choice Theyíre forever grateful. Not only do they make about twice that of someone with a degree in my field, but they donít have the student debt that many of their counterparts do.
If your kids would like to learn on the job, then ensure that they are constantly learning. In their early 20ís make sure they are working to learn, not to earn. And ensure that their boss is an inspiring mentor to help them learn and grow.