Alon Gal advises: How will the listener finance music studies in London?
The business coach comes to Walla! Business: Every week a wave advises on areas of life that concern us all. This time: A listener who wants to study music in London but doesn't know where to get the money
Music (Photo: shutterstock)
Young man playing guitar (Photo: ShutterStock)
"I wanted to get into a high school saga in London related to composing for movies or games or commercials," listened to business coach Alon Gal in his program on Radio 103FM. He added: "I did a calculation that included living, tuition and everything, and I saw that for the two years of school, I would have to raise NIS 350,000 in the area. I have no idea where to start."
Alon Gal replied: "You have to understand first, how much a waiter earns on a shift in London. You have to figure out what initial amount you need to raise, and lower it from the logical estimate of how much money you will make in these two years. That, we live in a global world. "
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To the full articleAlon Gal (Photo: creative commons)
We later discussed the possibility that parents could help him finance his tuition, and thought about his reverse mortgage: "One day, another 60 years, each of the brothers will earn NIS 800,000 from home," Gal explained, adding: "Parents can pay you 60 today. One year, by allowing you to fulfill this wonderful dream, it does not endanger them, because in your reverse mortgage you do not have to repay the principal, but only the legal heirs, after the mortgagors have passed. Only the interest on the balloon loan should be repaid, which will be a few hundred shekels. Per month, and with that you can cope and pay. That way a parent can help his children while he is alive, at no cost. "
