Ask leo; can skill acquisition bring financial stability?

Skill acquisition goes a long way to stabilize an individual and a country at large. In the past centuries, more emphasis has been laid on formal education and professional careers while we neglects acquisition of hands-on skills such as carpentry, sewing e.t.c
This shift of interest and focus to formal education has affected the economic growth of most countries especially developing countries. Individuals who are struggling would have been better of if they acquire one skill or the other. Many graduates from universities every year and no job placement for them which increases unemployment drastically. Many people who are supposed to be independent are dependent. Acquisition of hands-on skills can help create financial freedom and stability in the following ways;

1. It is easy to start earning immediately with or without capital. All you need is a potential customer who needs the skill you have acquired and you get paid according to your demands on or before the completion of the work unlike trading that requires capital which might be easy to secure.
2. You become employer of labor as your business expands and teach people how to fish and not giving them fish to eat. You can also make more money by training people who are interested in learning the skill you've acquired.
3. Skill acquisition brings about technology advancement as new products and equipments are created to Meet the needs of a particular trade skill.
4. It reduces unemployment in a country and bring about economic growth as most youths and graduates don't depend on the government for jobs as they acquire money through their skills.
   Formal education and skill acquisition should be encouraged for better future and financial stability.

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