Those we’ve known the longest have a tendency to retire in their mid- to late-50s, and start to think about what might be next. Some of these people never look back, and they never will. For others, they are terrified of not having any money or experience in life, so they put off any further transition until they are in their 60s, 70s, or even 80s.
Not everyone should have to regret retirement, and I want to share with you some of the facts and figures on people in the U.S. who, after 50 years of life, decided to go back to school, where it all began. They have found success in their chosen field, and they are the reason the solution of going back to school exists today.
Studies show that by the time you are 70, the probability of you achieving employment status in the field you study in is not as high as if you started your education as an undergraduate. So the question you must ask yourself is, Why not start school now? It is never too late, and it is the best decision you can make for yourself.
There are plenty of companies who have opened their doors to offer full-time, on-the-job training with real world results. After being trained in this highly specialized area, these students can find employment in some of the highest paying sectors like healthcare, accounting, and law.
I know a young man who quit his career in engineering and went back to school as a dental assistant at age 22. It’s a field he always wanted to be a part of, and he was just about to turn 23. This young man wanted to make his money as a dentist in a small town, so he is now employed full-time at the university. It was a risk for him, but he was so happy that it paid off.
Perhaps you do not have that guarantee of a job with a four-year degree. Instead, I recommend looking for a job that combines what you want to do with what is needed in the industry. This way, the experience you gained from education will be an advantage.
Another potential route is to start an entrepreneurship venture. Use education to look at ways to “reinvent” yourself, while remaining true to your original intentions. Often times, this can be done while still in school, and some ideas are so great that these businesses are popping up across the U.S.
Oftentimes, people choose to start a business and pursue new income. The rule of thumb is this: if it doesn’t work, try something else. If you take a chance on starting a new business while in school, don’t expect an easy ride. Oftentimes, it won’t work out, so do some research first. Make sure that the business idea you have in mind is truly different and can be built to succeed.
Teaching is another great option. Teach at a community college, or complete a degree online. Or even start a business that focuses on your specific interests. These types of businesses require you to be creative and think outside the box.
If you’re not planning on starting a new business, consider taking on a part-time job. This could be great preparation for later down the road, or you could take on a teaching job and add money to your bank account while building your networking and personal contacts.
There are a lot of different educational options for older adults today. You don’t have to wait until you’re 70 or later in life to get a job and start making a difference in the world. Look at all of your options and decide which is best for you. Do it now, before you reach 70. You can always retire at the end of your tenure and start doing what you love, including furthering your education.