Use this education ROI calculator to estimate the return on investment (ROI) for private coaching, college, or other educational expenditures.
Note: You may wish to include lost wages in your investment. For example, if you make $25k instead of $40k while in school for 4 years because you can only work part time, add $15k x 4 years = $60,000 to your investment.
Invest in College for a Million Dollar Return
High school graduates made $809/week ($42,068/yr) vs. college graduates who earned $1,334/week ($69,368/yr) in 2021, according to a recent report from the U.S. Bureau of Labor Statistics (BLS).
Your return will vary wildly by profession, but on average, there is a salary difference of $27,300 per year between those who attend college and those who do not. Multiply that over a 40-year career, and you come up with a difference of 1.1 million dollars. That's why investing in college can lead to a million-dollar return. For more details on what you might make with a specific career, check out the Occupational Outlook Handbook from the U.S. Bureau of Labor Statistics.
Virtually Unlimited Investment Potential
Many people stop investing in themselves after college, which can be a massive mistake. According to a report from CNBC, the top 1% of earners in the US earn more than a million dollars a year, so there is no shortage of room to grow. Most high-end earners continue investing in themselves and their businesses with certifications and private coaches, advisors, and mentors.
Multi-Billionaire Investor Warren Buffett said, “Ultimately, there’s one investment that supersedes all others: Invest in yourself. Nobody can take away what you’ve got in yourself, and everybody has potential they haven’t used yet.”
Use this education ROI calculator to see if Buffett's advice holds true for your situation!
Calculator provided courtesy of The Personal Growth Channel, LLC.