Comments on No Debt MBA: First year in cash!!!

Congratulations. That is great that you can get i...

2011-07-20T14:50:08.719-07:00

Congratulations. That is great that you can get it done without debt.

Khaleef - Not my idea of fun either. Good ...

2011-07-20T05:19:18.239-07:00

Khaleef - Not my idea of fun either. Good luck!

LAL Salary is very dependent on school and field. Median out of Stanford is $120k and Harvard is $110k. It goes down from there roughly in accordance with ranking from what I've seen. Business Week's rankings include salary data I believe if you have specific schools in mind. You can see how salaries vary by location and industry for Harvard grads here: http://www.hbs.edu/recruiting/mba/data-and-statistics/employment-statistics.html.

Amanda - I got very, very lucky to be born to parents who had the finances and foresight to set up 529s. The ovarian lottery, as Buffet might say, but I make sure to thank my parents often. More power to you for doing it all on your own. It isn't easy. It's incredibly sweet and thoughtful of you to start college savings accounts for your niece and nephew.

Absolutely fantastic! And what a nice surprise to ...

2011-07-19T17:09:06.368-07:00

Absolutely fantastic! And what a nice surprise to find that extra $4,000. I wish my parents had started a 529 for me, but I survived, and paid off my student loans four years after college was over. I am also going to start accounts for my neice (11) and nephew (5), and opened up a Upromise account for them when they were born which has $170 in it. Better than nothing!

What does the average MBA make coming out? My DH k...

2011-07-19T17:08:19.516-07:00

What does the average MBA make coming out? My DH keeps telling me its like $80k is that true?

I am thinking of going back because I am going to stay out for kids, and it will ticket me back into the working world.

My DH got it and hasn't used it yet, but makes a serious salary because of his career track. Taking an mba job would be a paycut he told me, unless it's really large.

That must be a wonderful feeling. Unfortunately, I...

2011-07-18T11:03:14.922-07:00

That must be a wonderful feeling. Unfortunately, I had to borrow for a portion of both my undergrad and graduate degrees (even with a scholarship)! Making those loan payments every month is not my idea of fun!

Thanks for the good wishes everyone! It is a pret...

2011-07-18T06:24:20.085-07:00

Thanks for the good wishes everyone! It is a pretty sweet feeling, but I bet graduating debt free will be even better. Sounds like I need a progress bar to track how close I am to getting there.

101 Centavos - Unfortunate isn't it? I...

2011-07-18T06:23:11.163-07:00

101 Centavos - Unfortunate isn't it? I think the world might be a better place if grad students could head where ever they wanted and not have to worry about minimum payments. Debt forgiveness programs are great, but it'd be nice to avoid it altogether.

World of Finance - Thanks for sharing your ...

2011-07-18T06:20:33.244-07:00

World of Finance - Thanks for sharing your experience and congrats! I think keeping bills low will be super important in meeting my goal. With a budget of $800 a month I'll be really close to making my goal if things go as planned, but upping my expenses to $1000 a month leaves me close to $5k short. Good to know someone's done it, makes me feel less crazy for trying ;)

Almost unheard of these days, paying for an advanc...

2011-07-18T04:02:06.711-07:00

Almost unheard of these days, paying for an advanced degree in cash money. Keep it up!

I think you should have a progress bar. Congrats ...

2011-07-17T17:09:44.900-07:00

I think you should have a progress bar. Congrats on being able to pay for the first year in cash.

Good news. It's definitely a good feeling.

2011-07-16T21:47:54.937-07:00

Good news. It's definitely a good feeling.

Congrats No Debt MBA! I recently graduated with m...

2011-07-16T15:47:26.668-07:00

Congrats No Debt MBA! I recently graduated with my MBA in Finance and think your goal is very admirable. Both for undergrad and grad school, I maintained this very goal. For undergrad, I received a scholarship that was almost full-ride and then I worked hard for a few years after completing my BBA to save for MBA and now I have graduated debt free. :) What made it possible for me was ALWAYS keeping bills low. I have always had roommates and have had the same car for 10 years. Not having a car payment and low rent can make a world of a difference. Best wishes on your venture!

Congratulations! What an awesome feeling that must...

2011-07-15T08:49:50.387-07:00

Congratulations! What an awesome feeling that must be.

Awesome! That is fantastic! What a relief.

2011-07-15T08:23:54.503-07:00

Awesome!

That is fantastic! What a relief.

what an amazing feeling it must be to be able to p...

2011-07-15T06:54:47.791-07:00

what an amazing feeling it must be to be able to pay for a whole year in cash. congratulations!

why not do a progress bar?

That's wonderful that you can pay for the firs...

2011-07-15T06:16:21.509-07:00

That's wonderful that you can pay for the first year in cash. I'd love to see a progress bar, I think it makes tracking goals more visual.

Awesome! And yes, why not have a progress bar? :)...

2011-07-15T05:34:29.666-07:00

Awesome! And yes, why not have a progress bar? :)