• Top Bankruptcy Consultant Mississauga City
  • Good Mortgage Consulting firm in  Mississauga
  • Financial Planner & Consultant Mississauga
  • best Debt Negotiation Consultant Mississauga


November 2008 - Choosing a wrong course of study is a waste of time and money

Choosing a wrong course of study is a waste of time and money

☳ by Adam Aspilla

Many parents want their children to finish a college or university degree to enable them to find a decent job that could lead their children to achieve financial independence. It is a noble motive. However, it is unfortunate that after spending time and money, not every one goes to college or university could land a decent job.

Going to college or university needs proper planning. Enrolling in college or university paying the required tuition fees are not guarantees of success in term of landing a good paying job. One of the reasons is choosing a wrong course of study.

Your relative or a friend who is a credit cardholder could simply ask a credit card company to issue a supplementary credit card for you without your prior approval. It means your friend or relative could request a credit company that you be given access to his/her credit limit by issuing you a supplementary card.

Wrong course of study means a student is taking a course which is not consistent with his/her inherent talent, ability and passion. A good example was a lawyer. He told his son to study law so he could take over his practice when he retires. The son was not interested to become a lawyer for he wanted to become a police officer. The father insisted for his son to take law. The son followed his father’s desire. After graduation, he told his dad, “Dad I’m now a lawyer, here’s my diploma keep it for I want to be a police officer.”

Another example: A daughter who was encouraged to take accounting degree by her mother who was an accountant. The daughter, after three years in university decided to stop pursing the accounting degree for accounting was not her talent, ability and passion. She instead switched to nursing degree that would take her at least another three more years to finish. In that way you could be absolve of any financial obligation in the future should the principal cardholder would be unable to pay the amount he/she owes on the card. If you reactivated the supplementary card even if you did not use it, it could be technically interpreted that you consented to be a supplementary cardholder and therefore a co-signer.

The illustrations above both unnecessarily waste time and money for their courses were not consistent with their talent, ability and passion.

For others who do not have the financial means to switch to another course or degree that fits to their talent, ability and passion, would simply drop out of school and work in factories or other menial jobs.

To minimize the unnecessary waste of time and money for your children’s college or university education, it would be prudent to consider the following steps: first, determine the talent, ability and passion of your child; second, let your child choose at least two courses or degree she/he would like to pursue which are consistent with her/her talent, ability and passion; and third, advice her/him to choose one of the degrees he/she chooses (in second step) that is in demand – meaning there is a greater opportunity of employment after graduation.

Following the above suggested steps would likely diminish waste of time and money and would enhance the success of your children in finding a good paying job and achieve a dream of financial independence. 


Adam Aspilla is a Senior Financial Counselor of the Debt Clinic of Canada Inc. and the author of the book, You Can Negotiate All Your Debts. He also writes a biweekly column, “What Matters In Life” in “Taliba Newspaper. For free initial, professional and confidential consultation, please call 905-306-7572.