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Delimma: I am looking for advice

January 6th, 2006 at 05:21 pm

So ready to have this week over! It is hard to go back to work when you only work 1 day in 10.

Yesterday was a small spend day, 7 for parking, 16.40 for groceries, 1.75 snacks in the afternoon.

I have already read 6 books toward my goal this year. (Vacation at the beginning of the year.) I have to rethink that one. Went to the library to get a library card in my new town, Sacramento, and found that while we have something like 24 libraries there is no real section on frugal living, saving or books on personal finance that you don’t have to be a math doctorate to read! Frustrating! At least you can check out and return to any library in the system and it seems like they have a pretty good new book section. I am going to hit the book stores this weekend and find some books and authors I might want to read then search for them in the card catalog. I am going to try and not buy any books this year. That is where a lot of my spending goes and I really don’t have the room for them or the money to be spent. I might track the dollar cost of each book I check out of the library along with the title in my book tracker to see how much I would have saved. That might keep me in line. And if I do feel the urge to spend on a book it will only be from a used book store.

I am still trying to figure out what to do about going back to school. I already have one masters in international and intercultural management and for work purposes I am thinking about going back for a masters in Public Health, that would be paid for, if I can get hired on instead of being a contractor with my current job before schools starts in August. But I am not really sure I want a MPH. I am interested in the MBA program at UC Davis but I am not really sure about spending that amount of money again in school loans. It would cost around 40 grand or so. Since I work for a public health agency they will not pay for an MBA.

I am interested in doing financial management and counseling on the side but I worry about doing it without more of a degree. I love working with people to set up budgets to work with and walk them through saving money, setting up retirement programs, and talking to them about ways they can save for their future but am not sure I want to do it full time. Working with a couple of friends right now is fun, but I don’t think I want to do it full time or it might loose it’s allure for me.

Anyway I would love the advice of anyone who will pass it along to me!

6 Responses to “Delimma: I am looking for advice”

  1. Anonymous Says:
    1136568996

    Two things: Regarding the books: Check out www.paperbackswap.com. I've never used it myself, but have seen it mentioned elsewhere as an inexpensive way to get new books.

    Regarding the MBA, are you looking for a career that would benefit from an MBA? If you're looking to be a financial planner-type, while an MBA is nice, there are other degrees (certified financial planner is one) that may be just as valuable, and won't cost as much (money and time). I'd do a search of financial planners in your area and see what initials they have tacked on to the end of their names and investigate those degrees first.

    Also, regarding your existing company, are there any aspects of what you'd learn in an MBA program that you could apply to your current job (think statistics, operations, financial analysis)? If so, maybe you could convince them to pay for all or part of your MBA degree, if you in-turn agree to stay at the company for x years after receiving your degree. (I did that...I had to promise them 3 years after my degree or pay back a prorated amount). Good luck...

  2. Anonymous Says:
    1136571526

    From personal experience, if you go for a financial degree, do what mjrube94 suggests and become a certified financial planner and do the fee-based salary.
    Ignore the MBA program... I started my MBA and quit after a large dissatisfaction with the program, but on a broader scale, the market is flooded with MBA's... check out any New York Times articles on the topic.
    Search google for how to do financial planning. In some cases, you can get started without the initials.
    Only go back to school if it's paid for. No sense adding to your already substantial student loans when there's no guarantee of a position on the other end.
    Good luck!

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