Since I have an MBA and have had at least a moderately successful career, I often get asked by younger managers and students, "Should I get an MBA?" As you might imagine, there are a lot of different ways to answer that (and I will at the end of this post), but for now I want to share some general thoughts about MBAs. Just in case anyone doesn't know what an MBA is, it's … [Read more...]
Our College Selection Trip
Now that I've shared our plans for funding college and my daughter's plans for maximizing her payout, I wanted to share with you a recent trip we took to check out colleges. Remember that much of these decisions are being influenced by an 18-year-old. Translation: they are subject to change. :) But she does have a decent plan, is open to accepting advice, and has stuck … [Read more...]
Managing College Costs by Offering an Incentive
Other than retirement, we only have one major expense left in life: college for our kids. Some might say that it's not really our expense but one for our kids, but we've always wanted to pay for our kids to go to college if they were so inclined. This post will detail what we've done to pay for it as well as the path chosen by each of our children. Background Many years … [Read more...]
What Financial Advice Would You Give New Graduates?
Recently I received this note from a reader: I have great news to report in than my oldest son who graduated from college this past December will be starting his first full time job tomorrow. He has a degree in industrial and entrepreneurial engineering (engineering and supply chain management). He graduated from the honor college with a 3.68 GPA and is a member of the … [Read more...]
