Learn French and Make Money? How It Works

It is always a great idea to know more than one or two internationally spoken languages. One of the best languages you can add to your list is French. Learning the language is a good option because it’s popular all over the world. Due to its popularity, a number of careers encourage French skills, especially in the world of fashion. Apart from the conversational skills, studying the language can open monetary opportunities for you:

New job options

France is the 5th largest economy in the world and is the third ranking country for direct foreign investment. So, learning this language will open new and brighter avenues in the job market in France and other countries. French is taught widely in almost every country alongside English. There are many schools in Dubai that specialise in French so finding lessons should not be too much of a challenge.

ROI on learning French

The language ‘bonus’ or ROI on learning French can be calculated. One survey shows that the bonus an average French-speaking American can earn is roughly 2 %. This might not sound like much, but it can be substantial over your career span and if you constantly upgrade your resume. As per The Economist, if a graduate saves this language ‘bonus’ or invests it in a fund, which offers compound interest, it can be helpful for their retirement.

Invest in learning French

A study conducted at the University of Chicago proves that learning French can help you become a better investor. People who learn foreign languages tend to reduce their attitude towards what financial experts call ‘loss aversion’. That is, they do not get caught up in investment losses in the short term, but are willing to take risks on investments that are bound to reap rewards over time. If you learn French or any other language, you keep a cognitive distance from emotional reactions. This allows you to be more analytical and pragmatic in your approach. Thus, learning French can not only help you earn more, but also help you make wiser and more profitable financial decisions.