Advertising
Advertising

5 Languages That Will Earn You The Most Money

5 Languages That Will Earn You The Most Money

Deciding to learn a new language is one thing.

Deciding which of the most useful languages to learn is another. This is the question we’re going to address today.

We’ve talked about the amazing benefits of learning a language, such as clearing our mind to improve our decision making skills.

emotion-in-marketing-how-our-brains-decide-whats-shareable-and-whom-to-trust

    But did you know that it can help you make more money?

    You’ve probably heard the popular saying by Warren Buffet, “the more you learn, the more you earn.” It turns out this rule applies more than ever for learning a new language.

    Even with the addition of over 295,000 jobs in the United States, there are millions of people struggling to find full-time work, or any work at all.

    Advertising

    The good news is, learning a language has shown to not only increase your chances of finding amazing work opportunities, but it’s shown to increase your earnings.

    CareerBuilder.com’s hiring forecast showed that 39 percent of U.S. employers said they plan to hire bilingual candidates, and half said that if they had two equally qualified candidates, they would be more inclined to hire the bilingual one.

    Make more money

    Learning a language has shown to add between 10–15% to your wage, according to language specialist recruitment agency, Euro London.

    This only goes to show that learning a language is a wise investment for anyone, at any age, whether you’re preparing to enter the workforce, or looking to expand your opportunities.

    Assuming an average salary of around $45,000, a 2% “language bonus” average over 40 years, and also a 1% raise annually, you’d have an extra $67,000 by the time you retire. Since you can learn a new language quickly with the right solution, that’s a pretty good investment of your time.

    What’s more, salary bonuses vary depending on the exact language in which you’re proficient. Here’s a quick breakdown of a few different secondary languages and their annual bonuses as reported by The Economist:

    • Spanish — 1.5 percent bonus
    • French — 2.3 percent bonus
    • German — 3.8 percent bonus
    20140315_woc491

      This means that you can make an additional $50,000 to $125,000, just for knowing how to speak a foreign language!

      Advertising

      Expand your career opportunities

      More importantly, with the rise of globalization, there’s an exponential demand for jobs that require a foreign language.

      Interpreters and translators are among the top five fastest growing occupations, according to the Bureau of Labor Statistics, with opportunities expected to increase by 46% between 2012 and 2022. For example, members of the U.S. military can earn up to $1,000 more per month if they are proficient in multiple languages.

      You can open your doors to new career opportunities, such as becoming a Game Translator for Nintendo, where you’ll be paid to translate video games!

      google-sign-9

        5 of the most useful languages to learn

        Let’s dig into the 5 most useful languages to learn if you want to make more money and improve your career.

        1. German

        As we shared in the graph above, German is known to be the best language that will earn you the big bucks, earning you over 125,000 (Euros) in bonuses!

        This may come as a surprise to many people, because one would assume a language like Mandarin, Japanese, or Spanish, with a higher GDP (by language) will correlate to higher earnings. While this is true for most cases, German is a special case, as Germany is one of the three European powerhouses. This means that the language will be more economically valuable for an outsider than the language of a relatively more closed economy.

        fig2-gdp-ppp-by-lang

          2. French

          With over 200M people in 5 different continents around the world speaking French, you can see why it ranks as one of the most useful languages to learn.

          At first glance, French may appear to be spoken by only those living in France, but it happens to be the second most widely learned language after English. Knowing how to speak French opens the doors to French companies in not only France, but other French-speaking parts of the world such as Canada, Switzerland, Belgium, and North and sub-Saharan Africa. As the world’s fifth biggest economy and number-three destination for foreign investment, France is a key economic partner.

          For students looking to pursue their Masters or MBA degrees, knowing French can act as a big advantage. Renown French universities and business schools are ranked as some of the top higher education institutions in Europe and the world. Students who can speak French are eligible for additional scholarship opportunities, which can save you tens of thousands of dollars in the end.

          8b3c6cdcc77f97b7014d9166c32cbb48cbaff122689e4fde6c358629082a9dd7

            3. Spanish

            Over the past decade, knowing how to speak Spanish has not only been an advantage for job seekers, but it’s become a necessity. In the United States and Europe, Spanish is the foreign language of choice after English, and it’s also the official language to over four continents around the world.

            population

              No matter what industry you are in, the numbers alone present a strong case to learn Spanish, especially in business. In addition to the sheer number of people you can reach by knowing how to speak Spanish, countries like Mexico, Chile, and Colombia are quickly becoming a powerhouse in the global economy.

              Here’s the cherry on top of the sundae: Spanish is the easiest language out of the most useful languages to learn, if you already speak English!

              4. Mandarin

              It’s no secret that China is the world’s new dominant economy, with a growing influence from Africa to the Americas. If you’re in business, then China is a goldmine of opportunities, with over a billion people that you can target.

              Advertising

              According to London-based search firm Ascentator, demand for executive positions by American and multinational companies in China has risen 35 percent from the previous years, echoing similar figures from other recruiting firms.

              However, unlike Spanish, Mandarin is a complicated language to learn.

              radicals-500x217

                The good news is, everyone knows it. If you can manage to learn Mandarin, you can bet that your future boss and co-workers will be impressed.

                5. Arabic

                The Arab world is recognized as one of the wealthiest regions in the world, with over $600B in GDP. The size of the Middle Eastern economy alone as a whole has increased by approximately 120% in the five year period from mid-2003 to mid-2008.

                arabic-alphabet_picture_chart

                  Due to the abundance of market opportunities in the Middle East, Western Arabic speakers are in very high demand, but in very low supply. Those who speak Arabic have the opportunity to develop an international career in a variety of industries such as education, finance, journalism, foreign services and more.

                  What’s your favorite out of the 5 most useful languages to learn?

                  We’d love to hear from you below.

                  Advertising

                  More by this author

                  8 Life-Changing Skills You Can Learn in Less Than 6 Months 10 Websites To Learn Something New In 30 Minutes A Day 17 Free Websites That Will Improve the Quality of Your Life Today You Don’t Need Extremely High IQ to Be Successful, You Need Self-Control 5 Essential Activities That Will Make Your Brain Healthier

                  Trending in Career Advice

                  1 10 Essential Career Change Questions To Ask Yourself This Year 2 10 Job Search Tools Every Jobseekers Need To Know About 3 10 Websites To Learn Something New In 30 Minutes A Day 4 50 Great People To Follow On LinkedIn, No Matter Your Industry 5 If You Have This Key Behavior, You’ll Be More Successful Than 90% Of People

                  Read Next

                  Advertising
                  Advertising
                  Advertising

                  Last Updated on February 15, 2019

                  How to Achieve Goals and Increase Your Chance of Success

                  How to Achieve Goals and Increase Your Chance of Success

                  Does it ever feel like the things you want to accomplish always end up on the back burner? If the answer to that question is “yes,” you’re not alone. Only about 33% of people consistently work toward their goals. In some cases, their goals may seem too lofty to accomplish, or else they aren’t sure how to make a plan for them.

                  If you don’t come up with concrete steps to take toward your goals, they’ll remain dreams. There’s nothing wrong with being a dreamer, but being able to turn your dreams into goals you can realize will help you lead a happier and more fulfilling life.

                  Luckily, you can realize almost any dream when you harness the right goal-setting methods.

                  In this article, I’ll show you how to achieve goals and get closer you success.

                  1. Break your dreams down into specific and measurable steps

                  We couldn’t talk about goal-setting without mentioning SMART goals.

                  SMART goals are specific, measurable, assignable, realistic, and time-related.

                  Specific and measurable steps are so important because if we don’t know what our target it, how can we ever hit it?

                  Take all those beautiful dreams you have for yourself and make them into things you can actually do. If you want to be an entrepreneur, for example, a step toward realizing your dream might be researching what you’ll need to start your business.

                  Find out more tips about utilizing SMART goals here:

                  How to Use SMART Goal to Become Highly Successful in Life

                  Advertising

                  2. Have at least one clearly defined goal for every interest and role in your life

                  It’s so easy to become complacent or stagnate. We often think that our careers are the only places where we need to set goals, but we aren’t only what we do.

                  To make the most of your life, take the approach that you’re always learning and growing in everything you do. Anything worth doing is worth doing well after all.

                  Set goals whether you’re sponsoring an activity for your child, taking up guitar lessons or trying to prove your worth at work.

                  You’ll notice that this approach forces you to constantly develop new skills. It can also be fulfilling to put more focus and value into all areas of your life— not just the ones related to our careers.

                  3. Align your goals with your life’s mission, purpose and passion

                  Take the opportunity to do some soul-searching. What is it that you want to do with this precious life of yours?

                  Anything that conflicts with your life’s purpose is bound to cause discontent. Staying in a bad relationship, doing a job that goes against your values, or maintaining the status quo just because it’s comfortable are not options for you.

                  Thinking about your goals in this way can help you eliminate things in your life that don’t serve you. This frees up mental space that you can use to do the things you care about the most.

                  Many of us struggle to find the time to work on our goals, but this strategy enables you to make more time.

                  4. Create goals that ignite your spirit and inspire you to take action

                  If you can’t be fired up about your goals from the start, they might not be good goals for you.

                  The road to success is often tough. You’re going to have times when you might feel tired or discouraged.

                  Advertising

                  You need to feel inspired enough that you’ll be able to overcome obstacles as you encounter them.

                  If what you’re doing motivates you to be the greatest version of yourself, you’ll be much more resilient.

                  5. Write down all your goals in specific, measurable detail

                  This is your road map for what success will look like. The more you define what you want the finished product to be, the greater the chance that you’ll reach that vision.

                  When you write down your goals, you’re creating a document that you can revisit to make sure you’re on track.

                  When you’re in the middle of trying to achieve a big goal, it can be hard to see what’s working for you. The things you write in this step will help you stay on-message as you take your goals out of your mind and into the real world.

                  Don’t just write down your goals and stash them away in a folder somewhere. Take the extra step to put them somewhere where you’ll see them.[1]

                  If you have too many goals to post on your desk, write a summary or choose one or two steps to work on for the day. Just seeing them will keep them in the front of your mind.

                  6. Commit to hitting each of your targets without exception

                  You wouldn’t have created the target if you didn’t think it was necessary. Hold yourself accountable for taking the steps to succeed.

                  You can always adapt your strategy or break your targets into smaller steps if you find that they aren’t attainable as you originally wrote them.

                  Hitting even the smallest target is cause for a celebration. It’s a step in the positive direction. Your success will make you crave more success.

                  Advertising

                  We often make excuses when we get tired or overwhelmed. Take away the option to make excuses. You will only be satisfied with the best effort from yourself.

                  7. Share your goals with others to motivate each other

                  There’s something so powerful about people sharing their goals and dreams with one another. Doing so gives voice to some part of us that could remain hidden (and therefore never be accomplished).

                  When other people know about your goals, they can cheer you on and hold you accountable. When people share their vision with you, you can do the same for them.

                  This strategy is particularly beneficial when you’re trying to develop healthy habits. Post about your workout on social media, or do a healthy eating challenge with your best friend. You’ll be less likely to slack when temptation arises, and you’ll probably encourage someone else to reach for their goals too.

                  8. Set a series of daily, weekly and long-term goals, complete with starting times and deadlines

                  Many goals never reach realization simply because the goal-setter doesn’t check their progress. People tend to forget what they set out to do, or their goal gets crowded out by other obligations.

                  Forcing yourself to revisit your goals at regular intervals breaks them into smaller steps and it reminds you to think about them.

                  Giving yourself regular deadlines for smaller tasks related to your goals also helps you reflect on your strategy. You’ll figure out what works for you, whether your timeline is realistic, and whether or not you need additional help to stay on track.

                  In addition, celebrating small wins helps you stay motivated. Here’s how:

                  How To Celebrate Small Wins To Achieve Big Goals

                  9. Take 10 minutes every day to imagine how great it will feel to achieve your goals

                  Visualization is such a powerful tool. Some of the most successful athletes, celebrities and business people take time each day to think about how success looks and feels for them.[2] Imagining that feeling of satisfaction can be a great motivator.

                  Advertising

                  When you do meet your goals, take some time to be grateful. Thank yourself for showing up and doing the work. Be grateful when the stars align properly to help you advance to the next step.

                  It’s not just getting to the destination of your goals that matters. How you take the journey is important too.

                  10. Take an action step toward reaching your goals every day

                  Your goals can easily get buried in the hustle and the bustle. Even the smallest step in the right direction is still moving you forward.

                  Keep chipping away at the work every day and before long, you’ll start to see those dreams come to life.

                  Maybe you didn’t start your business today but you designed the logo that’s going to go on your website and business cards. Doing that task well is going to help you so much in the long run.

                  Concrete actions day by day draw your dreams out of obscurity and into the realm of possibility.

                  The Bottom Line

                  Dreams can inspire and overwhelm us. By turning our dreams into goals that we can work toward, we increase our chances of success. Things that once seemed impossible are suddenly within reach.

                  It’s time to start turning your dreams into goals and your goals into realities. Change begins today.

                  More Resources About Setting & Achieving Goals

                  Featured photo credit: Andrew Neel via unsplash.com

                  Reference

                  Read Next