3 Questions College Students Need To Answer Before Earning Money

by MD on July 9, 2009

As you grow through college and think about how you will earn an income for the rest of your life it is really easy to draw a blank. In fact I do it all the time. I have a bunch of career ideas in my head one week then I talk to a person in the field and I decide that maybe those options are not for me and all of a sudden I draw a blank.

The good news is that there is one lecture from Entrepreneurship class that I will never forget. The professor that teaches the course is an entrepreneur himself and he loves to share his knowledge in the classroom setting. He often joked that the course was a discount for us since he charged plenty more money for his public speaking seminars. Enough of the introduction, time to go over the 3 questions college students need to answer before starting their career:

What can you be the best at?

Is there something you can do that nobody else can be as good as you? This may not be an idea you’re crazy about or one that sounds like a cash cow but something that you can be really great at. It’s usually something you’re born with and able to excel at an early age.

What drives your economic engine?

Is there a certain skill or activity that you have that could earn you tons of money? Some people have the uncanny ability to speak publicly or to play a certain instrument. These options lead to an income that will definitely drive your economic engine. The only thought you need to seriously ponder is if you are truly passionate by the means you can earn an income.

What are you passionate about?

This is the one where you won’t immediately see the financial benefits right off the bat. It’s a specific skill or piece of work that you would do for free but yet you could somehow earn a living off it. Some have the opportunity to play a sport for a living (very rare) while some get to write about topics they love for a living. If you can find a way to earn a decent income off an activity you’re passionate about then you will probably live a much more enjoyable life than the majority of your college buddies.

Whenever I have career doubts I pulled out a piece of paper and try to answer these 3 questions. I usually come up with a list consisting of many great ideas. Today it’s your turn!

Thanks For Getting This Far

This article was written by MD, the VP of Marketing for Studenomics.

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{ 3 comments… read them below or add one }

MyLifeROI July 9, 2009 at 9:33 am

More questions:

1) Is the intended field growing or dying?
2) Do you feel that you will be adding value to the world through your job? Is that important to you?
3) Are you treating the job as a springboard into something else? Is it the only path?
4) Is this a job to hold you over until the next best thing? If so, you will never find peace with what you do… the grass is always greener on the other side, as they say.

Plenty of questions, so little time.. :)

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Jonathan July 10, 2009 at 1:41 am

You speak with a depth of experience. I want to thank you for submitting this inspiration, because it keeps me in even closer harmony to the unique skills and talents I have to offer the world. My friend, you are truly a follower of the science of getting rich. Be well.

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Patty July 10, 2009 at 12:48 pm

This explains me to a “T”! I finished my AA right after high school then landed a job doing something I ended up becoming very passionate about. I later went back to school to get my BS and now I feel even more confused as to what to do with myself. I am still in search of finding all of those questions that need to be answered.. before I waste any more precious time. Thanks again!

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