Reply to DD wants to be a nanny

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Nobody thinks the gap year will backfire? Nannies make good money compared to peers at 18-25. But their potential for advancement and higher salary dead ends.[/quote]

At which point the OP's sensible, level-headed daughter will realize that she needs to go to college. This is also the experience of the nannies who have posted on this thread.[/quote]
The barrier of going to college in your mid-20s just to get a bachelors is much harder to overcome than just doing it while you have the momentum at 18. I have a friend who got a job as a secretary right out of school making 40k when the rest of us were making 25k and she is still a secretary 20 years later. [/quote]

I'm the earlier nanny poster. I actually did start college with my peers. I was unfocused and unmotivated, lost my scholarship, and screwed up my GPA. I have since transferred schools and changed majors. I agree that there is a slight loss of momentum, but now in my mid 20's I can really understand WHY I need to do this, how expensive it really is, and I will graduate this spring with a 4.0 (at my new school), very little debt, and enough in my savings to buy a home. I am looking at a pay-cut as a make the switch out of nannying, which is hard to swallow, but overall I'm in a much better position than most of my peers. They are up to their eye balls in student loans, have very little work experience, no savings, and they're making the same $30k I will be when I switch careers. [/quote]

Again it's about management and decision making.[b] I can think of 5 people right of the bat that are probably your age 24 to 30 with very little student loan debt, decent savings,[/b] have or are planning to buy a home in the future with salaries that are above your $30k and  they have something you do not have 2 to 5 years on the job experience something that is very valuable in 
today's job market. All work experience is not the same.[/quote]

Do you know if all these people had a significant amount of student loan debt to begin with? It's a lot easier to be financially secure at 24-30 if your parents paid for all or most of your schooling!

Also, you're correct that not all work experience is the same. What kind of work experience employers are impressed by varies greatly, however, depending on the job one is applying for.  If one is pursing a career that involves working with children &/or developmental psychology, for instance, having worked as a nanny may very well be valued over having worked in a law firm or at a bank.[/quote]

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