Go to any graduate school article or site or Google search, and there will certainly be infinite estimates and conjecture over what an MBA (and/or graduate school) is really financially worth. As a recent graduate square in the middle of the process, I decided to sit down and unravel what the degree might return in my situation. Warning, heavy finance geekery ahead. Continue reading
As of next week, I will be within striking distance of one of the three major goals of the $100k Ladder: reaching $100k in income. Continue reading
In my free time at lunch (and while casually reading about global economics), I stumbled across a curious sounding event held by some smart-sounding folks at an institute in the Philippines called the National Anti-Poverty Commission: The Bottom Up Budgeting Summit. Continue reading
Craigslist. Ebay. Amazon. What do they make you think about? Buying something used? Continue reading
How can you tell if your annual pay is in line with the market? Have you ever done research on what the market is paying for your position? Both of these are critical to knowing where you stand in whether you are equitably compensated.
One of the best things about undertaking further education and skill development is it makes you more marketable. Since I had just finished graduate school (in a relevant topic…), I felt confident bringing up compensation in my year end review and negotiating something better for 2017.
The first step I plan to take to tackle the $100k loan beast is knocking a solid $5k off through personal savings. While that $100k is tacking on $18.67 in interest per day, my $5k in the bank is earning a measly $0.01 thanks to the 0.1% “high yield” interest. Gee, so generous Mr. Megabank.
Total savings from this financial move:
$100,193.84 x 6.8% = $6,813.18, or $18.67 per day
$95,193.84 x 6.8% = $6473.18, or $17.73 per day
Savings: $0.93 per day, $340 per year.
January 23rd. That was the last day I ever would set foot in a classroom. It’s also the first day that it hit me: graduate school had put me in a financial hole, and now it is time to climb out.
Logging in to the student loan portal showed a pretty large balance: $90,693.84. And now, I stared at the big old invoice for my last course: $9,500.00. Some quick math shows I owed $100,193.84.
Add in our friends at the Education Department with their 6.8% annual interest rate, and this quickly jumped ahead as my #1 financial priority from January 23rd onward. Continue reading