Why paying for your own education will help you succeed

Why Paying For Your Own Education Will Help You Succeed

Paying for college is one of the first times in our lives that we start to face a bit of reality. We get to see clearly how the real world operates with money, and how it can change the fortunes of those that have it and those that do not. It is the first time that some students get to worry about money, and it teaches us lessons that are valuable when we head out to look for a job and life of our own. One could always participate in continuing legal education seminars but college education is the way to go. Some students will have a full ride to a college education courtesy of their parents.

What many college students and their parents do not realize is that paying for your own education will help you to succeed. For those students that have their college taken care of by others, they are missing out on a wonderful life lesson. The reality is that many college students come from money, and will not need to worry about the problems of the real world of finance. This is the disparity between the rich and the poor. Still, there are thousands of others who have parents that barely squeak by while providing an education to their children.

For those that are facing hardship to provide that education for their kids, they should consider letting the student do it for themselves. There are hundreds of grants, scholarships, and financial aid options out there for students that want to go to college. They also are more than capable in most cases of working their way through. The bottom line is that if you do it for them, then they will not be ready when the time comes to take on the career responsibility of life.

Certainly it is a good idea to be a support system for your college student. There is a big difference between helping out here and there, and doing everything for them. Allowing them to take control of their finances and destiny, while providing insight and guidance along the way is the the best way to handle it.

Some of the benefits that college students get when they pay for college themselves include learning to make tough decisions, managing their money, budgeting, hard work, and one other very important thing… The biggest benefit to college students paying for their own college is the fact that they take ownership of the schooling. In other words, they take it much more seriously. It is their money at risk of being wasted rather than yours.

These decisions are tough ones to make, but they will shape the future of your children. Do not be afraid of letting go, as your children will surprise you. They will find ways to solve problems to be sure, and they will almost certainly make some mistakes. Be there to counsel, suggest solutions, and even provide some help financially, but do not do everything for them. It will cripple them in the future when they begin living in the real world.

Paying your own way through college can certainly be scary, but it is something that will help you succeed in all the most important areas of your life. Even if that means going to a cheaper school, you will get much more from it. When you graduate from college and start working, you will be glad that you learned those tough lessons early.

UAE free zones a positive business environment


It’s never easy contemplating the expansion of a business overseas, launching it into unknown territory amid all kinds of personal doubts and fears. Better the devil you know has scuppered many a venture before it’s even begun but, as is often the case, pessimistic thoughts can turn out to be scarier than the actual reality. What if there was an environment which positively encouraged such ideas of expansion, without many of the ifs, buts, fears and negativity usually associated with such plans? What would you do then? You’d jump at the opportunity, right? There is such a business environment and it’s called the United Arab Emirates!

More precisely, we’re talking free zones, created within the United Arab Emirates (UAE) for people exactly like you. You could be joining the thousands of businesses from all over the world which have successfully set up there. Certainly, as with any business venture, cash flow and financial management will figure strongly in the mix. Don’t worry because all the major banking institutions are there, too, HSBC, Barclays, Citibank, BNP Paribas, Standard Chartered Bank, Abu Dhabi Commercial Bank, Commercial Bank of Dubai – the list goes on – with all of them ready and willing to discuss how they might help you realise your plans. Go online now and check out the business banking accounts from HSBC for starters, and then simply work your way down the list.

After assuring yourself all off your banking needs are likely to be catered for, no matter what your expansion plans might be, seeking expert advice would certainly be a good next step. There are many experts available online, many with specific experience of the UAE itself. The list of reasons for expanding a business into a free zone within the UAE is compelling, to say the least. No personal tax or corporate tax are two benefits that immediately jump out. Yes, you don’t pay either for 50 years, unless you happen to be an oil company or a bank, that is. Other benefits include competitive import duties, energy and building rental costs, no foreign exchange controls and no trade barriers or quotas.

However, to set up a business in the local market requires a local partner who must also be a UAE national. And you, as a foreigner, will only ever be able to own up to 49% of any limited liability company established in the UAE. If you want to sell directly from a free zone company, you can only do so to UAE companies which have the appropriate import licence. Sounds complicated at first but really it’s not.

Whatever business sector you’re in, the costs of setting up in a free zone will vary from emirate to emirate and from free zone to free zone. Dubai, for example, has a number of specialist free zones which are serviced by a transport, telecommunications, energy and industrial infrastructure that is the envy of most modern countries.
It has a network of seven industrial areas, a business park, two high class seaports and a major international airport and cargo village. Add to that a superb highway network, state-of-the-art telecommunications, and reliable power and utilities, too, and you have one of the best areas in the world in which to conduct business. Binding everything together is an unparalleled service sector which includes shipping, banking and finance, legal firms, hotels, schools, shopping centres, hospitals, and much more. Contact Nadia Rinawi for expert advice about setting up a business in the UAE.

How to get a graph to say what you want it to say

I remember it being a revelation as a child when it was explained to me that the stats and the statistics in adverts weren’t always reliable. I knew that adverts weren’t allowed to just lie – otherwise what would be the point, but what I hadn’t considered was the way they could tell half truths, to exaggerate certain points or just to warp their statistics.

The most obvious example of this is ‘9 out of 10 customers enjoyed our product’ which means nothing when you consider that they may only have asked ten customers and they might all have been related to the CEO. The advert hasn’t lied, but that statistic doesn’t mean much at all. One that is even more amusing to hear is ‘clinically tested’ which couldn’t be more vague if it tried – sure it was tested, but in what way? And what was the outcome?

Understanding this is something that’s very useful when it comes to being a discerning customer and not giving all your money away to corrupt organizations. However it’s also useful if you are one of those organisations, or if for any other reason you need to create some statistics that will side with you.

Graphs and charts never lie right? Well no they don’t, but you can choose which truths you want them to tell. Here are a few ways to present your information in a manner that makes it a lot easier to swallow.

The Piracy Imperative

Choose Your Time Period: One way to make your graph or your charts look better is to just choose the period that you want to show. If you are showing profits for instance then you might find that showing the whole year demonstrates a decline that really you’d rather people didn’t notice. One way to solve this is to just show how you made a significant increase in the first month, or to even extend the time period you’re working with over the last three years in which case you might find that you have increased overall – and a projection for the next three years would then be likely to go upwards as well overall.

Eliminate Outliers: Sometimes your statistics and graphs can be skewed either positively or negatively by outliers. For instance if you had one day when your office was hit by a tornado and you had to pay a huge excess on your insurance, then this might not fit into the overall ‘pattern’. This is an outlier and as long as you mention they’ve been left out you can choose not to include it in the overall statistics.

Timeseries of English monarchs

Scale: Sometimes changing the scale in which you report your statistics can make a big difference to how they are perceived at a glance. For instance if you sold nine products a day last year and you sold 10 products a day this year, then that might not sound overly impressive. However if you say that you sold 10% more a day then that sounds a lot more impressive. You can make the difference between two bars on a bar chart look similarly greater meanwhile by increasing the measurement of the dividing lines.

About the author: Mathew Jean, the author of the article is a finance manager. He gives advice on finance issues. Browse more about the sustainability reporting by clicking on the mentioned link.