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By jump starting your career and following your dream job with an apprenticeship or trainee program, then you are able to earn wages and start investing money of your own without the hassle of school or training debt that your peers may, and will acquire. As early as sixteen or after completion of at least year 10, you can begin work as a tradesperson, and make over $16,000, the next year an average of $23,000, then to $30,000 and in your fourth year over $32,000.

Around age 28 when you are in your 13th year of work and have stayed dedicated to your profession, you will have cumulative earnings of up to $5,720,000 and no debt to worry about! Earning a law degree for instance, however, requires that you pay a large sum of money for at least 4 years at around $8,333 while earning nothing. By the time these students are 23, they are able to obtain a practising certificate and when they reach age 28, the cumulative earnings come to around $567,018—right under that of a tradesmen, while still carrying the burden of a $50,000 training debt due to the schooling debt, practice certificate prices, and books, not to mention housing, food, and other living expenses.

In addition, trade students are given access to be admitted before or after their apprenticeship to an Advanced Diploma in Engineering at TAFE. The Advanced Diploma is in fact preferred by many employers over a degree course because of the extensive practical experience a young person will have achieved, which a university graduate will not.

Most companies that the apprentice is working for will support and sponsor the cost of this program. And as stated, there is never any debt-repayable on completion of a TAFE trade course. Many people get too caught up in titles and social stigmas associated with certain words and titles, but the fact of the matter is, by choosing the profession that you want to follow beginning at a young age, you are able to make a fairly equal amount to those who complete 4-6 additional years of schooling.

Also, you have the ability to make more decisions on exactly what route you want to follow, rather than be tied to the courses that you followed in school.

Image By Martin Kingsley