My wife and I have college degrees. My daughter has a college degree. My son has a college degree and is a college professor. However, I do not think a college degree is the only option for landing a very well paying job.

Many believe in order to get a high paying job, you must have a college degree. That is simply not true and certainly not automatic. The reality is millions of Americans currently owe student loans. The numbers continue to escalate, and it generally takes a person many, many years to pay off those loans.

The Stats Are Staggering!

Here’s a quote from an article I recently read:

“You’ve probably heard the statistics: Americans owe over $1.45 trillion in student loan debt, spread out among about 44 million borrowers. That’s about $620 billion more than the total U.S. credit card debt. In fact, the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year.”

Years ago, while working for CBS radio (where my college degree meant nothing), I talked with numerous interns who were currently in college. I always asked them what their major was, and what they planned on doing after graduation. Sadly, by their answers, I was convinced most of them should have never even entered college.

The mantra, “college degree means a good, high paying job,” has caused many people to acquire massive debt. And after graduation, far too many end up in a job that is not the high paying job they thought they would have. They then spend years and years trying to pay back their college loans.

There Is Another Option

A few weeks ago I heard a man on the radio relate how he had no college degree, but was making a very good six figure income. He didn’t wear a suit and tie and sit in a cozy cubicle inside a fancy and impressive office building. He was an elevator repairman.

He explained how some people at those fancy and impressive office buildings often mistook him for the janitor, or some other non-office type of worker. It didn’t matter to him what anyone else thought. He shared that when he gets home each night, he doesn’t stress about money, and has no college loans to pay off.

There are numerous six figure jobs that do not require a college degree. Yes, they involve training, but the cost of the training is a fraction of four year college tuition. What type of jobs?

“Network managers and IT managers employed by companies have stable, 9 to 5 jobs with good salaries, benefits, and retirement accounts. Salaries for IT managers range between $53,477 and $125,101.

Depending upon the city of residence, court reporters can earn between $29,995 and $104,000.

Salaries for construction managers range from $41,562 to $130,845.

Salaries for fire chiefs range from $42,096 to $119,250.

Air traffic controllers command large salaries, up to $158,966 on average.

Plumbers’ salaries can soar as high as $103,731 and beyond, depending on specialties and training.

Radiation therapists must have a two-year associate’s degree, or a certificate in radiation therapy, but they don’t need a four-year college degree. Radiation therapists can earn as much as $116,000 a year.”

Let The High Schoolers Know!

I’m not at all against getting a college degree. It is definitely the absolute right and necessary path for some, but not for all. It’s really heartbreaking to see millions carrying so much student loan debt, and still not earning the salary they thought they would because of their college degree.

God expects us to be wise about our finances. In the U.S., student loan debt is 1.4 trillion dollars, and credit card debt is 764 billion dollars. It would seem there is a great lack of understanding regarding money.

Other options besides college should be explained in detail to high schoolers. In addition, our youngsters really need sound biblically based information about money. I highly recommend Roger Braker’s book, Poverty Vs Wealth as a good place to start.

And, if you have debt, I also highly recommend the many tools offered by Dave Ramsey, including Financial Peace University.

I’ve been in debt before, and thankfully, except for my mortgage, I’m debt free. Anyone in debt knows it’s not freedom; it’s enslaving. Learning about money and finances, and applying sound biblical principles will pay huge dividends, financially and mentally.

The concepts of Cryptocurrency need to be cleared if you wish to have a flexible, anonymous and secure currency transaction. There are many benefits that can be derived using such nature of currency when peer to peer business is desired.

The Basic Requirement for Having Such Currency Transactions

To have such currency transaction between two peers, there is the requirement of a Blockchain. When such is present then there is no need of any third party who can be trusted to perform such transactions. The system provides a way to have a secured transaction as because it is impossible for hackers to manipulate any transaction or to create false data.

The Benefits of Using Such A System Of Transaction

There are many benefits of using such a nature of peer to peer transaction. Let us have a look at those.

Pseudonymity: Each one having transaction using Cryptocurrency has a unique identifier. The uniqueness of the identifier is that it is not related to the name and address of the user. The identification can be easily changed for every transaction made just by clicking on some buttons.

Wallets: Wallet is a place where you can practically store your money and use that for any nature of a transaction. There are many ways to make your wallet safe. You can use passwords, encryptions or have dedicated hardware to have such security. You can easily have privacy and security for the money that you have in your wallet.

Secure transactions: You can expect to have the most secure transaction of Cryptocurrency. A worldwide network of computers manages each and every transaction that is made. It is a network which is not managed by any central governing authority so this decentralized nature of Cryptocurrency allows one to have a perfect peer-to-peer transaction.

The transaction is made more secure due to the fact that money cannot be forcibly be taken away from anyone. Thousands of checks are made before a transaction is made and if any flaw is detected then the transaction is stopped. It can be said that such transaction is more secure than using a credit card.

Automated transaction: This nature of peer-to-peer transaction can be automated using smart contacts. The system would itself process the transaction as per the rules set by you. Like, if you wish to have a certain amount of money transferred to a certain account after having a certain fund then the system will automatically follow such instruction.

Fast settlement: Having this means of transaction you do not have wait long for having money in your account. The peer-to-peer nature of a transaction that is available using Cryptocurrency allows one to cut down on middleman and hence of various paraphernalia associated with it. So, you can expect to have the fastest means of currency transaction using this means.

Easy payment:

It is quite easy to pay using Cryptocurrency. You do not need to pay any hefty fees or put any further details than the wallet address of the receiver to make possible such transactions. The amount would be transmitted within seconds to the receiver.

Isn’t your childhood dream to own a high-rise building with an elegant interior and one of the city’s best hotels? What would be the next step if you suddenly decided to open a hotel? The next step is to make a financial plan. It’s like a blueprint for the hotel’s day-to-day operations and activities. Entrepreneurs are submerged in troubled waters at this point.

Many entrepreneurs face a dilemma in the planning stage of their businesses, whether they are new to the industry or have been in it for a long time. One of the most common problems they experience is with their finances. When you don’t know how to plan for business finances, who wouldn’t get grumpy?

Your hotel budget should be as clear as a crystal to you. It will assist you in developing a feasible plan or strategy for allocating budget to key areas that can generate profit.

Here are some tips on how you can prepare a Financial Plan for a hotel:

1. Determine the type of hotel you want to open.

This is critical because it will serve as a guide and a starting point for understanding your target market. It’s important to remember that different types of hotels require different budgets.

2. Make a list of all the factors that could affect a hotel’s profit generation and all the accommodation units, services, and amenities that you have.

All the factors that may affect the hotel’s finances must be considered, and all the hotel’s offerings and services must be acknowledged. You will have a better idea of what you can offer your customers this way.

3. Make a budget for the hotel’s expenses.

Even if you are still in the planning and development stages, you must anticipate or estimate how you will allocate the budget for all the services, accommodations, and amenities you will provide. This will assist you in gaining insight and determining whether it is necessary for the long run to generate profit despite its costs.

This will also serve as a guide for keeping your company running smoothly. Forecasting startup costs will help you decide how to adjust and allocate your finances to finally open your hotel. 4. Use a plan to project or predict assumptions.

4. Use a plan to project or predict assumptions.

If you’re starting from scratch, creating a plan that projects your forecast of the overall performance of the hotel will help you determine the probable profit, cash flow, and risks. These forecasts or assumptions will assist you in predicting the hotel’s demand and future performance.

Forecasting or generating forecasts is an important component of managing finances or creating a financial plan since it will better prepare you to deal with future uncertainties. You must be ahead of the game in order to make modifications to maximize revenue, resources, and prevent any dangers, as they say, “If you plan to fail, you plan to fail.”