Investing in Education

The one thing my dad never failed to get through to us children, is that education is an investment. I grew up hearing that all my life. Hence he poured money into our education and as I grew older, I poured money into educating myself. But an investment means it must give returns. And normally, the world views return in monetary form, at least in economics anyway. So, if I don't use my education to bring income, then it's considered a waste - it is a useless investment. That's how my mind thought for many years. And economics also thought me about opportunity loss - the forgone opportunity when one resource is used in another way. So the guilt of calculated monetary loss became the source of my motivation and decisions for many many years. Sure economics also brushed on intangible assets and intangible opportunity loss but it was all very airy fairy so not much attention was given to it.

But, there is more to education than monetary returns and it is still a good investment even if it is not income producing. The socialisation and institutionalisation of education helps to integrate a person into a culture and society, bringing a sense of belonging and identity. Even if the person becomes a full-time mum at some later stage, that cultural impartation is important for institutionalising future generation. Education has given me the words to speak and the tools to understand this world I live in.

I'm sure my dad saw investment only as monetary and social status but that doesn't matter now. The main thing is, I'm glad for the education I've received and the education I've put myself through. I'm thankful for dad's grounding eventhough it may have been from a skewed motivation. I'm writing this because once upon a time, I looked at dad's intention as self-serving because in the chinese culture, investment to him means us children have to return the responsibility of looking after our parents in their old age. Not that I have an issue with that but I have an issue with the self-serving part!

Anyway, I can now truly say, whatever dad's intentions were, it does not matter because it has served me well too - both monetary and non-monetary wise.