Tuesday, September 11, 2012, AM | 2 Comments
One major step to financial freedom is to make more money while you spend less, and getting a master’s degree is a logical step to career advancement and an increased salary. Sometimes professional and personal responsibilities get in the way of achieving that goal, though.
Covering the distance to travel to an appropriate college or university for your chosen field of study can be time consuming, expensive, or even impractical.
But with today’s technology, those things need not be the barriers they once were.
Online education makes it perfectly possible, and even easy, to pursue an advanced degree from the comfort of your home, around your busy schedule.
Why get an advanced degree?
Improve the skills you have and acquire new ones
In a tight job market, your old skills might not be enough to hold your current job, and probably not sufficient for advancement.
An advanced degree in your field can give you a leg-up on the competition by offering useful training that helps you get the job done well and quickly.
Beyond expanding on the skills you currently have, an advanced degree can provide a whole new set of professional skills. Your coursework also offers you the opportunity to try out these new skills – through projects and assignments – before implementing them in the workplace.
Increase your marketability
The more skills you have, the more you have to offer. This is useful for existing employers who you would like to assign you additional responsibilities or a promotion.
For career changers, completing a degree in a new field can open doors that, before, would have probably stayed closed.
Earn higher pay
With more skills can come more responsibilities, which can lead to better positions and pay. Some high-paying jobs require employees to hold advanced degrees, so without one, these positions would remain out of reach.
Securing financial freedom is difficult if you are always scraping by, paycheck to paycheck – getting your degree can put you in the running for great jobs, which puts you on a path to financial success.
Why get your degree online?
Save money on commuting expenses
Commuting expenses add up. Whether you are paying for gas in your car or subway fare, regular commutes can put a serious dent in your wallet. By attending classes online, you don’t have to pay for any of that. Instead, you can show up to class at your convenience from the comfort of your home.
Work around your schedule
Not only do online classes let you work from home, they also tend to be more flexible than traditional classroom courses. So, if you have a full-time job to work or a family to care for, enrolling in an online program gives you the opportunity to fulfill your academic responsibilities when it is convenient for you.
Stay on the job while at school
Tough economic times can mean that employers demand both education and experience. Getting your degree online makes it easier for you to keep both credentials running at once.
By attending flexible classes online, you are more likely able to hold down a job at the same time. Come graduation time, you will have both impressive educational credentials and a stable work history where you always had one foot in the professional world.
Achieving financial freedom may seem easy in theory – earn more, spend less. However, in practice, it can be difficult to earn more, especially when the economy is not doing well.
Earning an advanced degree online puts you in a spot where you develop new skills on your own schedule, without costly commuting expenses. It also makes it possible to hold on to full-time work, letting you stay fully engaged with the business community throughout your studies.
Guest post contributed by Sarah Rawson. She is a tutor and studying for her online MBA Degree. Sarah is also a freelance writer. Her articles mainly appear on health blogs.