Comments on: How To Approach Any Financial Question http://www.pfadvice.com/2007/04/05/how-to-approach-any-financial-question/ Bridging the gap between saving money and investing Fri, 09 Jan 2009 14:09:49 +0000 http://wordpress.org/?v=2.6.1 By: Dan http://www.pfadvice.com/2007/04/05/how-to-approach-any-financial-question/#comment-34116 Dan Sun, 08 Apr 2007 21:42:35 +0000 http://www.pfadvice.com/2007/04/05/how-to-approach-any-financial-question/#comment-34116 I think both reader comments have a point, and I think the answer is simply to analyze the type of job you have. If you have a position where you can afford to take night classes, then you're all set. If you have a job that requires a lot of travel, such as consulting, then the ROI from the above calculations may be more applicable. I am certainly not saying that you should run out and start an online program (although I am in one and love it), but it's certainly something to consider. The point is to try and make sure you attend the best accredited school you can after analyzing your life and work situation. Only then will you know whether or not the above calculations will fit into your life plan. On a separate note, I take issue with anyone saying an online program is a "lazy way out". I work very hard in my AACSB accredited MBA program. I think both reader comments have a point, and I think the answer is simply to analyze the type of job you have. If you have a position where you can afford to take night classes, then you’re all set. If you have a job that requires a lot of travel, such as consulting, then the ROI from the above calculations may be more applicable.

I am certainly not saying that you should run out and start an online program (although I am in one and love it), but it’s certainly something to consider. The point is to try and make sure you attend the best accredited school you can after analyzing your life and work situation. Only then will you know whether or not the above calculations will fit into your life plan.

On a separate note, I take issue with anyone saying an online program is a “lazy way out”. I work very hard in my AACSB accredited MBA program.

]]> By: Hashim http://www.pfadvice.com/2007/04/05/how-to-approach-any-financial-question/#comment-33693 Hashim Sat, 07 Apr 2007 12:32:03 +0000 http://www.pfadvice.com/2007/04/05/how-to-approach-any-financial-question/#comment-33693 "By taking the information you have and using it to the best of your ability to figure out the results, you can save yourself significant amounts of money over making assumptions." That seems pretty obvious. I think the bigger lesson is to calculate Opportunity Costs so you get a clear picture of what the true cost is. “By taking the information you have and using it to the best of your ability to figure out the results, you can save yourself significant amounts of money over making assumptions.”

That seems pretty obvious. I think the bigger lesson is to calculate Opportunity Costs so you get a clear picture of what the true cost is.

]]> By: Joey http://www.pfadvice.com/2007/04/05/how-to-approach-any-financial-question/#comment-33445 Joey Fri, 06 Apr 2007 15:36:18 +0000 http://www.pfadvice.com/2007/04/05/how-to-approach-any-financial-question/#comment-33445 Umm yeah, this person seemed to miss one tiny little flaw with his analysis... a lot of public and private universities now offer night and sometimes weekend courses which means you don't have to defer anything. My wife did night courses at Woodbury University (private) for four years. Total deferred income? Goose egg. In fact, by being at a university for her bachelors, she was actually able to get a much better job, therefore increasing her income and offsetting the cost of school. Then we made the decision for her to get her MBA. We decided on Pepperdine. Going to Pepperdine's Graziadio Business school at night meant once again that she didn't have to defer any monies at all. As a matter of fact, she got an even better job and much better pay from the company that hired her because they felt they were getting a Masters quality employee without the Masters quality price. But we didn't see it that way. She was now making 6 figures and with only a bachelor's degree. So yeah, please take this person's "analysis" which a heaping spoonful of salt. And don't be lazy! Umm yeah, this person seemed to miss one tiny little flaw with his analysis… a lot of public and private universities now offer night and sometimes weekend courses which means you don’t have to defer anything. My wife did night courses at Woodbury University (private) for four years. Total deferred income? Goose egg. In fact, by being at a university for her bachelors, she was actually able to get a much better job, therefore increasing her income and offsetting the cost of school. Then we made the decision for her to get her MBA. We decided on Pepperdine. Going to Pepperdine’s Graziadio Business school at night meant once again that she didn’t have to defer any monies at all. As a matter of fact, she got an even better job and much better pay from the company that hired her because they felt they were getting a Masters quality employee without the Masters quality price. But we didn’t see it that way. She was now making 6 figures and with only a bachelor’s degree. So yeah, please take this person’s “analysis” which a heaping spoonful of salt. And don’t be lazy!

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