{"id":55108,"date":"2018-02-04T19:33:44","date_gmt":"2018-02-05T03:33:44","guid":{"rendered":"https:\/\/www.pickthebrain.com\/?p=55108"},"modified":"2019-05-02T13:44:52","modified_gmt":"2019-05-02T21:44:52","slug":"learning-this-one-language-will-help-you-make-more-money","status":"publish","type":"post","link":"https:\/\/www.pickthebrain.com\/blog\/learning-this-one-language-will-help-you-make-more-money\/","title":{"rendered":"Learning This One Language Will Help You Make More Money"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p>Learning a second language has traditionally always been popular with\u00a0the hobbyist and\u00a0travel community.\u00a0But what about the\u00a0business community?<\/p>\n<p>According to Euro London, a recruitment agency, learning a language\u00a0has shown to add between 10-15{54c12dad2cc2b53ae830e39915b1a3e70288dbcbbeb8bbf8395437c5dc3c512c} to your income.\u00a0This only goes to show that learning a foreign\u00a0language is a\u00a0wise investment\u00a0for business professionals and CEO&#8217;s.<\/p>\n<p>Let&#8217;s take the average\u00a0salary of someone in New York City, ~$85,000, a 2{54c12dad2cc2b53ae830e39915b1a3e70288dbcbbeb8bbf8395437c5dc3c512c} &#8220;language bonus&#8221; average over 40 years, and also a 1{54c12dad2cc2b53ae830e39915b1a3e70288dbcbbeb8bbf8395437c5dc3c512c} raise annually, you&#8217;d have an extra\u00a0<em>~$110,000<\/em>\u00a0by the time you retire.<\/p>\n<p>As long as you choose the right method, it&#8217;s a pretty good return on your time, whether you are trying to <a href=\"https:\/\/www.rypeapp.com\">learn Spanish<\/a>, French, German, or any other language.<\/p>\n<h2>Which language offers the most money?<\/h2>\n<p>A report\u00a0from\u00a0<em><a href=\"https:\/\/www.economist.com\/blogs\/prospero\/2014\/03\/language-study\" target=\"_blank\" rel=\"noopener\">The Economist<\/a>,\u00a0<\/em>shows that not all foreign languages offer the same returns.\u00a0<a href=\"http:\/\/www.phil.frb.org\/research-and-data\/publications\/working-papers\/2002\/wp02-16.pdf\" target=\"_blank\" rel=\"nofollow noopener\">Albert Saiz<\/a>, an economist from MIT found the following:<\/p>\n<ul>\n<li>Spanish &#8212; 1.5 percent bonus<\/li>\n<li>French &#8212; 2.3 percent bonus<\/li>\n<li>German &#8212; 3.8 percent bonus<\/li>\n<\/ul>\n<p>Why is this the case? It&#8217;s not that knowing <a href=\"https:\/\/www.rypeapp.com\/blog\/how-to-speak-spanish-for-beginners\">how to speak Spanish<\/a> and French aren&#8217;t as useful languages to learn as German. It just comes down to supply and demand.<\/p>\n<p>For example, Spanish-speaking countries will account for a larger GDP than German speaking countries. However, given the amount of people that can already speak both Spanish and English, it may not offer the best returns,\u00a0financially speaking.<\/p>\n<p>You&#8217;re better off taking Mandarin, Arabic, or <a href=\"https:\/\/www.rypeapp.com\">German lessons<\/a> with high demand and less supply of bilingual speakers. Even if they&#8217;re not the\u00a0<a href=\"https:\/\/www.rypeapp.com\/blog\/easiest-languages-to-learn\/\" target=\"_blank\" rel=\"nofollow noopener\">easiest languages to learn<\/a>.<\/p>\n<p>And if you&#8217;re still not convinced of the opportunity costs of not knowing a foreign language,\u00a0<a href=\"http:\/\/www.theguardian.com\/education\/2013\/dec\/10\/language-skills-deficit-costs-uk-economy\" target=\"_blank\" rel=\"noopener\">estimates<\/a>\u00a0show that a lack of language proficiency in Britain alone, costs the economy $80 billion a year.<\/p>\n<p>In conclusion, if you&#8217;ve been putting off learning a language because you didn&#8217;t have any plans to &#8216;travel&#8217; this year, how about your plans to &#8216;make more money?&#8217;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learning a second language has traditionally always been popular with\u00a0the hobbyist and\u00a0travel community.\u00a0But what about the\u00a0business community? According to Euro London, a recruitment agency, learning a language\u00a0has shown to add between 10-15{54c12dad2cc2b53ae830e39915b1a3e70288dbcbbeb8bbf8395437c5dc3c512c} to your income.\u00a0This only goes to show that &hellip; <a href=\"https:\/\/www.pickthebrain.com\/blog\/learning-this-one-language-will-help-you-make-more-money\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":10889,"featured_media":55109,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37,45,3709,9,7,6],"tags":[4650,4674,66,4640],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Learning This One Language Will Help You Make More Money<\/title>\n<meta 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