The average lifetime earnings of graduates with Bachelor’s degrees is $2.1 million according to the U.S. Census Bureau, in 1999 dollars. In 2017, that’s $3.1 million with inflation.
Warren Buffett, a multi-billionaire famous for cautious investing, told students at Columbia University to expect 50% more in lifetime salary projections…if they did one thing. And this one thing had nothing to do with the school they attended.
First, Buffett offered $100,000 to any student willing to pay him 10% of all future earnings. He’d done some quick math and “valued” each student at $1 million. At an average earnings of $3.1 million, that’s a safe bet.
Then he gave the students the secret to increasing it by 50%.
“…learning communication skills. It’s not something that’s taught…by having better communication skills, it’s another $500,000 in terms of capital growth value. See me after the class and I’ll pay you the $150,000.”
Communication skills, such as public speaking, negotiation, active-listening, writing, and delivering persuasive presentations, are essential for professionals in nearly every field.
What would Buffett pay you?