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Old 10-11-2019, 04:47 PM
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Default Life savings on roullete?

So I'm at the point now where I'm certain I dont want to continue as an actuary and am morbidly depressed. and no this isnt a troll post. I have about 10k saved up (I've only worked for 3 months so far), and I know this is NOTHING but I can't deal with the misery of working in an office. I'm actually working for a better paying company making 80k for an out-of-college analyst role, but my savings increases sooo slowly after groceries, rent, electricity, and other necessary costs (rate of around 2k a month maybe). I dont think I can work another two years at this place just to save up 60k and see it all eaten away for a post bacc. Any ideas on what I should do here?

Right now I'm applying to a bunch of easy office jobs (mostly in the government) that have pretty low pay but can sustain a minimalist lifestyle as well as paying a portion of my future post bacc tuition. My friend is suggest I just take loans (I dont have any outstanding loans currently), but I would prefer that to be a last option. Any ideas?
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Old 10-11-2019, 04:50 PM
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Old 10-11-2019, 04:51 PM
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Is "post bacc" grad school? What kind? You don't need savings for that.

Many programs will give you a TA position or something similar to pay for the school and give you money to live on.

The exception is things like med school/MBA/law. But those lead to high paying jobs so you can take out loans
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Old 10-11-2019, 04:52 PM
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Loans sound like a terrible idea unless you are switching to a much better paying career - and even then, how do you know you won't get bored and hate that job too?

I did something similar in my early 20s - took out loans (only like 10k though) and went without a "real job" for a while to take post-bacc undergrad classes and switch careers. I was leaving teaching, though, and became an actuary, so the investment wasn't too terrible.
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Old 10-11-2019, 04:52 PM
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Figure out what it is that you think you could sustainably do, and try to take steps to get yourself closer to that.
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Old 10-11-2019, 04:54 PM
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Lower your costs. At 80k/yr you should be bringing home roughly 4.5k after taxes per month. Find an apartment with some roommates to split the bills and get your costs down to under 1k per month and you will be at 60k in about a year. Dealing with roommates and eating lots of ramen and popcorn will be good training for pinching pennies while you are back in school and trying to live debt-free.
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Old 10-11-2019, 04:55 PM
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If you are going to risk it all on roulette, take out some huge loans first, and bet those too. If you lose, declare bankruptcy.
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Old 10-11-2019, 04:57 PM
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Lower your costs. At 80k/yr you should be bringing home roughly 4.5k after taxes per month. Find an apartment with some roommates to split the bills and get your costs down to under 1k per month and you will be at 60k in about a year. Dealing with roommates and eating lots of ramen and popcorn will be good training for pinching pennies while you are back in school and trying to live debt-free.
Have a car? Spending all (or at least most of) your free time driving for Uber or Lyft could shave a couple months off of the plan easily.
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Old 10-11-2019, 04:58 PM
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Lower your costs. At 80k/yr you should be bringing home roughly 4.5k after taxes per month. Find an apartment with some roommates to split the bills and get your costs down to under 1k per month and you will be at 60k in about a year. Dealing with roommates and eating lots of ramen and popcorn will be good training for pinching pennies while you are back in school and trying to live debt-free.
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Have a car? Spending all (or at least most of) your free time driving for Uber or Lyft could shave a couple months off of the plan easily.
How many kidneys you got?


2?


You only really need 1, and from my years of watching crime dramas I've learned that a kidney can get you anywhere from $30k to $50k on the black market.
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Old 10-11-2019, 05:00 PM
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Originally Posted by DyalDragon View Post
Lower your costs. At 80k/yr you should be bringing home roughly 4.5k after taxes per month. Find an apartment with some roommates to split the bills and get your costs down to under 1k per month and you will be at 60k in about a year. Dealing with roommates and eating lots of ramen and popcorn will be good training for pinching pennies while you are back in school and trying to live debt-free.
Quote:
Originally Posted by DyalDragon View Post
Have a car? Spending all (or at least most of) your free time driving for Uber or Lyft could shave a couple months off of the plan easily.
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Originally Posted by DyalDragon View Post
How many kidneys you got?


2?


You only really need 1, and from my years of watching crime dramas I've learned that a kidney can get you anywhere from $30k to $50k on the black market.
If you are female and fertile, you can make quite a bit of money selling eggs or becoming a surrogate. You could save up that 60k in roughly 9 months that way!
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