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re: What minimum salary would be required to be part of the middle class?

Posted on 10/8/14 at 11:51 am to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37175 posts
Posted on 10/8/14 at 11:51 am to
quote:

Interesting. I have some free space in my MA program. Any classes I could take to get an overview of those concepts?


I have often felt that two classes should be part of a "core" in any degree program - and they are financial accounting and intro to finance. Those classes are more important to personal development than biology or psychology.

Also, to give an idea about comfort level and finances: I live in a southern city. My wife and I combined make more than double what you will make even with the extra income. My wife is a teacher. We have two young children. We are looking to buy a house in the 170K range. And I constantly, every day, stress about having enough money. I scrimp and save every chance I get. We have enough in savings to weather an emergency, but I'm not at all comfortable.

If you want to stay in teaching in the classroom, you will probably never much improve your financial situation. (If you go into administration, you'll make more money, but work more hours and have to pay for a M.Ed. degree).

I would definetly look into corp communication positions, for long-term growth opportunities, but... initially... you might have to take a pay cut.
Posted by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 10/8/14 at 1:22 pm to
quote:

I have often felt that two classes should be part of a "core" in any degree program - and they are financial accounting and intro to finance. Those classes are more important to personal development than biology or psychology.

Agree about the accounting. Take a look at your school's MBA curriculum--you may be able to talk your way into a management communications, crisis comm, or similar course.

Become proficient with Excel so it doesn't take you three hours to do simple things. (You can practice by setting up your household accounts in a spreadsheet.)

Also, consider more carefully how you spend your free time. Yes, music lessons bring in cash...but those kids aren't potential professional contacts who might hire you. Consider doing some volunteer work in a professional capacity. Nonprofits are often looking for grantwriters, or perhaps someone to re-write their dated website copy. Your school might be looking for volunteers to assist with alumni relations events....

And start working the career services office at your school NOW. Make an appointment to see the relevant person and show up decently dressed. Pitch your skills and ask him/her to help you broaden your job search. That's what the career services people are paid to do....
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