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Money Matters Blog

Tuesday, June 14, 2016

3 Things Teens Can Do This Summer to Boost Earning Potential

Summer break is finally here. For many teens, they’ve already got a very simple plan: sleep in, play on their phones, hang out with friends and stay up late. If you know a teen that wants to break from the norm and do something this summer that will increase his/her future earning potential, here are some helpful activity ideas you can provide them:
  1. Learn a Foreign Language
    We live in a global society. Whether you want to go into sales, machinery, medicine or anything in between, someone in your industry is going to be translating between foreign-language speakers and English-speakers. That someone is going to make quite a bit of money!

    While the exact numbers on the bump in pay you’ll get from speaking a foreign language are murky, experts estimate an hourly bump of between 5% and 20%! If your career plan ever falls through, you’ll always have those skills to fall back on, which makes you a viable candidate across a spectrum of new job opportunities.

    If you don’t know where to start, sites like Duolingo are excellent jumping-off points. There are dozens of YouTube tutorials on syntax, grammar, and expression in other languages, too. The only really wrong answer is not starting at all!

  2. Master a Piece of Software
    Whatever job you hold in the future, it will almost certainly involve a computer. Learning to use a common piece of software can give you a serious leg up when it comes time to find a job.

    Look to programs with clear business applications. The Microsoft Office suite, especially programs like Excel and Access, are first steps. If cost is an issue, consider experimenting with Google’s Docs, Sheets and Forms. These are free and cloud-based, so you can keep playing with them on your smartphone when you hit the road.

    Skill with programs like Access and Sheets is the #2 most in-demand skill. These versatile programs can be adapted to a variety of interests. For example, while learning, you could track the statistics of your favorite baseball players, monitor the prices of hot clothing brands or catalog your music library. The important thing is to start experimenting. Discover the capabilities and limitations of these popular pieces of software.

  3. Polish Your Writing Skills
    For many positions, the ability to communicate ideas clearly is of vital importance. Like any other skill, you get better at this the more you practice it. The only way to become a better writer is to write!

    It matters less what you write than the fact that you’re writing. You can try your hand at blogging. Whether you want to talk about the NFL draft, new albums or video games, sites such as Blogger and WordPress are free to try, and might connect you with other people who share your interests.

    Your writing skills will probably help you with future job searches, but they’ll also be useful for the rest of your school career. Papers and essay tests will be a breeze, and cover letters and college application essays will help you stand out from the crowd. Just write, edit and write some more! 
Remember it’s not just young children that need to continue learning over the summer months. Encouraging the teens in your life to spend their summer learning new skills could help better prepare them for college and beyond.

 *Community Financial does not endorse the information, content, presentation or accuracy, nor make any warranty, expressed or implied, regarding the websites and/or apps mentioned above.

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