How Unemployed College Graduates and Students are Making Money Online
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Suze Orman Gets Call From Desperate College Graduate
College Graduate with no job and 130k in debt!
What advice would you give?
Needless to say when Suze entertains calls from viewers, many are college students. Being a financial genius, solutions usually roll off her tongue without hesitation, however one caller left Suze a little perplexed. Nicole was a female College Graduate who had taken out over 90k in student loans, 130k total with interest, now after graduation her monthly payments were $1300 a month, ouch. "What did you go to College to Study?" Suze asked. "To be a Fashion Designer," she said meekly. Suzie gulped, then asked her if she'd thought about all this in hindsight. "When you're young you have all these aspirations," she answered. Since students loans can't be written off in bankruptcy, the only advice Suze could give her was to find a job that would cover the monthly payments and hopefully leave her enough money to live on.
If this college graduate was a victim of her "aspirations," her university is just as guilty by catering to those "aspirations." Apparently a counselor didn't sit her down and explain the realities of the job market in that field. If the 90k in loans had been spent on a Medical or Law degree, this young lady would have a chance, but how plentiful are high-paying jobs in Fashion Design? While nothing is impossible, unless she was exceptionally talented (not to mention living in New York), chances are she won't find any opportunities in that field. She'd probably end up doing something totally different; and since most entry-level jobs start between 25-30k, the loan would take up almost half of her monthly income. Needless to say, she'll probably be living with her parents a long, long time.
How Much Do You Have In Student Loans?
So What's A Debt-Ridden College Graduate Left To Do?
If you can't get a break, make one!
So what's a debt-ridden, underemployed or unemployed College Graduate to do? Savvy, ambitious Graduates and students are bypassing conventional opportunities and turning to the internet to make money. Many have realized in today's world where degrees are a dime a dozen, you won't get a break unless you make one for yourself. In fact, neither Bill Gates, the owner of Microsoft or Media Mogul, Ted Turner finished college. Ted Turner was actually kicked out! These were people who bucked traditional 9 to 5 jobs and made their own opportunity.Learning how to make money online is no easy task, however for people who have smarts, patience and persistence lucrative opportunities abound. College graduates and students are ideal when it comes to the type of people who succeed online. Students are open to learning new disciplines and applying concepts. The fact that someone has even completed college proves they have patience and persistent.
Knowledge of the following basics are needed when it comes raking it in on the internet: Research, Web Design, Marketing, Search Engine Optimization (SEO), Pay Per Clicks (PPC), Idea and Business Development. Who can teach you all this stuff? Well there are plenty of so called "internet gurus" who will tell you they can, then shove a $100 e-book down your throat. Their manipulative sales copy usually hook people in with the promise of a "web business in a bottle" type of message. Newbies seeking knowledge, often spend hundreds on guru products at the beginning of their web venture, because there was little alternative.
A University That Teaches You How To Make Money Online?
Many young people have found success through Wealthy Affiliate University
Luckily those days are over thanks to Kyle and Carson, owners of Wealthy Affiliate University. The two 26 year-old millionaires have been making a full-time living online for the last 6 years. In 2005 they launched WA University in order to help teach others how to build thriving online businesses. Unlike other Internet Gurus, who sell you a useless e-book and run; Kyle and Carson provide continuous 1-on-1 support through their membership site, which has become the largest on Internet.The low monthly fee is peanuts for the value offered to members. The mega site offers an 8-Week Action Plan, One-on-One Support, Coaching, Video Training, Website Development Training, Internet Marketing Training Guides, Tutorials, and the famous Wealthy Affiliate forum. The best feature of the site is the 8- week action plan. A step-by-step plan that literally walks you through the basic to the most advance techniques used to make money.
While other copycat sites are just interested in collecting monthly fees, Kyle and Carson have structured their site into an interactive boot camp of sorts, where action is not only encouraged, it's required. These guys know from experience that only through "taking action" will members find success. Many people find that the famous Affiliate Forum alone is worth the cost of membership. The forum gives beginners the opportunity to communicate with intermediate members who have become millionaires.
There are endless success stories associated with WA University, however the testimonies from the younger members really stand out. One member, Cody stated "Before I came across Wealthy Affiliate University, I was a bit lost in life; just out of college, working a job that I didn't hate, but also didn't particularly like. I needed something else. More excitement, more money, more of something I could call my own."
Ironically it was tools he learned at WA University that helped him apply the knowledge he learned in School. "I've always been a business kind of guy and WA woke me up to a whole new world of marketing. It allowed me to use the marketing knowledge I learned in business school to market any kind of product I wanted..." He concluded, "I'm now making $500 a month profit after just a few months. This number is growing every month...It's definitely a way to make some extra money when I need it. Who knows how far it could go!" Another young member named Brandy, who has been with WA for over 2 years, consistently makes over $500 a day from her online business.
And anyone making $500 a day certainly won't have a problem paying their student loan.
For anyone interested in joining or reading more about this online school, please click on the following link: WealthyAffiliate.com
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Reader Feedback
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- catman3000 catman3000 Jul 13, 2009 @ 7:24 am
- Nice Lens. For a little extra money you could try taking online surveys. The pay is not great, but the extra money comes in handy. Take a look at surveymoneymaker.
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- maxyip84 maxyip84 Jun 2, 2009 @ 1:30 am
- hi, this is a very good len...you deserve a 5 stars from me.
i also have 1 len that is quite similar to your len, please comment:
How to make money while unemployed
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- johnrapp johnrapp May 14, 2009 @ 2:26 am
- Good point man. If you can't catch a break, make one!
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- Chuck-Fleming Chuck-Fleming Apr 15, 2009 @ 6:53 pm
- This lens is so AWESOME it doe deserve a 5*****
Great point and yes, some students are in debt till their neck and cannot get out any time soon.
Also check out my lens and don't forget to rate it please:
http://www.squidoo.com/Internet-Marketing-Business-for-you
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- jabb jabb Mar 29, 2009 @ 1:31 pm
- this is excellent! you might also want to check out 30 day challenge (for online businesses). I am halfway through it and can't speak highly enough of it.
also this is an excellent resource for graduates making their way in their careers:
Graduate Challenges and Experience
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