Hi everyone,
I'm in my late twenties and I've been working in a relatively low paying field (nonprofits) since I finished my degree (politics). I've always been very frugal and managed to save some money: my current net worth is around $60k, invested in index funds and bonds.
I've been planning on going back to school and have now been offered a spot in a program I really loved. It's a masters in economics in Paris and I would not have to pay tuition, only my living costs for the two years of the program. I'd have to pay a bunch of admin and visa fees and my flight and moving costs too.
I did some budget estimations and found that the total costs for the two years would wipe out half of my net worth. The program is full-time, so I could probably find a side gig but nothing that takes up too much of my time.
I'm super excited about going back to school and living in Paris for a couple of years but I'm not sure about the impact of this decision on my financial goals. I'd be graduating with half (or even less) of my original net worth but the possibility of a higher paid career than the one I have now.
Has any of you gone through something similar? Any advice?
Thank you :)
Submitted December 06, 2019 at 08:36PM by wednesdaythe17th https://ift.tt/2s7fxpi
