Join our investing community

Nest Egg or University Education?

Discussion in 'Off Topic' started by Johny_come_lately, 18th Feb, 2010.

  1. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    Hi everybody,

    I live in SE Queensland. I am considering a move to the A.C.T. next year. My portfolio will give me 4 years worth of education at a Canberra university. So I will end up broke but with a degree. So I ask this question: which is better, a portfolio or a degree?



    Thanks, Johny.
     
  2. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
    Degree in what ??

    Below are the highest paying jobs
    Forbes Magazine: America's 25 Best-Paying Jobs 2009
    Listed with average annual pay

    1. Surgeons: $206,770
    2. Anesthesiologists: $197,570
    3. Orthodontists: $194,930
    4. Obstetrician and Gynecologists: $192,780
    5. Oral and Maxillofacial Surgeons: $190,420
    6. Internists: $176,740
    7. Prosthodontists: $169,810
    8. Physicians: $165,000
    9. Family and General Practitioners: $161,490
    10. CEOs: $160,440
    11. Dentists: $154,270
    12. Psychiatrists: $154,050
    13. Pediatricians: $153,370
    14. Specialist Dentists: $142,070
    15. Podiatrists: $125,760
    16. Lawyers: $124,750
    17. Natural Sciences Managers: $123,140
    18. Engineering Managers: $120,580
    19. Pilots: $119,750
    20. Petroleum Engineers: $119,140
    21. Computer and Information Systems Managers: $118,710
    22. Marketing Managers: $118,160
    23. Financial Managers: $110,640
    24. Sales Managers: $110,390
    25. Air Traffic Controllers: $108,090
    more ... WikiAnswers - What are the highest paying jobs
     
  3. merlinnn

    merlinnn Active Member

    Joined:
    1st Nov, 2009
    Posts:
    35
    Location:
    Brisbane
    I think it would come down to what stage of life you were at, and potential earnings after your degree is completed. Also consider have you studied full time before or only on a casual basis? Do you have family and or dependants to look after? It sounds like a big life change for you, good luck with the path you choose.
     
  4. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    I have no family or dependants. Near 50 I will be, on completing a degree. I passed engineering in the 80's. Film and TV production interests me now.

    Leaving Queensland is entering the unknown. I could quite happily sit here on my arse for the next decade. Canberra is a very expensive place to live. I have to decide if the risk is worth it.



    Johny.
     
  5. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    Is a degree going to help you with your goals?

    Do you actually need a (new) degree for what you want to do?

    Do you have much of an investment portfolio already?

    What are your retirement plans?
     
  6. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    The first thing is, that I have worked real hard to make my portfolio work. I don't think I could catch up if I started from scratch.

    When I was 18 I decided I wanted to retire in Canberra. I lived there until 20 and loved it.

    Recently there on holiday, I calculated that it was cheaper to get a degree than to just rent. I visited both universities and liked their atmosphere.

    I am comfortably situated at the moment and a move would take a big effort. I keep wondering if its a mid life crisis that I going through.



    Johny.
     
  7. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    My mother just finished 4 years of uni, graduating at 48 - she now regrets the decision, and isn't even working in the field related to the degree, but has a $25,000 HECS debt to add to her troubles.

    My personal opinion is that university degrees aren't really worth it past 35 - 40 (I'd argue they aren't really worth it at all in certain industries if you have a work hard attitude and half a brain) unless of course it is a short course that extends on a previous degree like a honours or masters.

    At the end of the day it's obviously your decision, but from my mum's perspective, I'd say it's definitely not worth it.