Quote from Jules A
Following your heart as you plan is reasonable as long as you won't have regrets. As I mentioned the gross has always been my focus so I have to ask if you are really willing to forego an average of $175,000 a year for the 4 years of school and then likely $75,000 a year thereafter? In 10 years that is over a million dollars, reduction in future social security income and a daunting responsibility. At the very least serious monetary loss for your and your family's future, imo. Best to you whatever you decide.
I get what you're saying but I need to revise some of your assumptions.
I haven't been working now for a little over three years. I quit my job and began to take prereqs to get into that DE program I mentioned (that was one of a few options). The reasons I quit are somewhat personal, but it basically opened the door for me to pursue the dream I had held for more than a decade.
It has turned out that I don't HAVE to work. We've been comfortable enough on my husband's income, although I don't like to make assumptions. Who knows if that will last long term.
I didn't end up going to the DE program. It just so happens that I've now been accepted to the ABSN program, and at the same time I am being courted by a company in my old industry, with the opportunity to earn in the $150-$175K range. Perhaps a little more if I do really well.
And that is if I totally perform. 2/3 of my income would be commission. It is a sales job. But a good one. I just...don't really like sales. Kind of a problem. I've done it for a long time, but I have to force it and I find myself wanting out. It is always hard to resist the money.
I know you say you are always focused on the bottom line, but I get the feeling you do that from the luxury position of also enjoying your job (as much as one likes working). It's easy to say that when you like what you do. When you don't...you start saying, hmmm, money isn't everything.
So the assumption that I am losing out on four years of $175K isn't quite right because 1) I am not working right now (and don't yet have the offer); and 2) school is 2.5 years (if I went straight through...for the math's sake). Right now, I'm not making anything and haven't been for three years. It just so happens I have the opportunity.
Secondly...it appears you are assuming my income will only ever be $100k. Do you think that's accurate? I am truly curious. I want to know the truth. If so...that's a huge bummer. Of course, it's better than me never working at all I suppose, but still. Just doesn't seem fair for the job.
As far as lost SSI...I've never been one to count on the government