I’m at the airport and going to Europe. You may think I am going to fly there for free with all my points and you’d be correct. However, this time it is not for a simple vacation, I am moving there to do a 1-year MBA program. This is the transition that I hinted out before and the reason I have moved to cash.
Reasons for Europe
It is cheaper. There are many good deals to be found outside of the United States. The cost of living in the city I am going to is much lower than where I live in Orange County. In fact, the average monthly income is less than my rent, meaning my rent is going down by a lot.
Reasons for Education
Education can be a good way to improve and invest in yourself. Right now, I am my biggest source of income. I don’t have a huge sum of money generating dividends, real estate, or business. The best way to increase my income is to earn more and I believe an MBA is an investment that can pay off. Fortunately, it is much more affordable in Europe so I won’t have to take out a huge student loan.
Being outside of America means that I will not get to take advantage of all the free money available from credit cards, banks, and Staples. However, I think reducing my spending and increasing my education will be positive consequences. My school is going to be half the time at half the cost. This is also one-year of weekly postings so I think next year I will be slowing down as I may not have as much to save or as much time to say it.