Successful people do not quit solid career positions to get MBAs. They do it at night. If he quits his job to become a starving student, he’s not worth the paper the MBA will be written on. Zero judgment, and nobody will hire him.
In his situation, it’s possible to take an MBA at night. However, it sometimes makes sense to leave work to pursue an MBA. It pretty much only makes sense if your going to an M7 school.
I learned this in my economics class in college, and is an eye opener. Every time I decide what I want to do in my life, I also factor in the opportunity cost, whereas before I didn't. I hate that they don't teach this in high schools. PS. I'm a computer science student.
I received my MBA in Minneapolis from one of the premier programs. Did it at night and had my company pay for it. Took me five years and am glad I got it. This guy would be insane to take two years off from work to get an MBA.
@@twincherry4958 I would consider top 25-30 program in the US a premier MBA. I've met and worked with Ivy League MBA's and can't say i've been any more impressed or that they are any more successful than graduates of other MBA programs. In fact I would steer my own children away from the Ivy's as I think they are overpriced for the value of education you receive and I haven't seen any benefit other than name recognition.
@@twincherry4958 Carlson School of Management at the University of Minnesota has a pretty good MBA program. It's not Ivy League, but still a good place to get it from.
@@Richb711 Having to deal with FDA validation is not for the faint of heart. There are some critical systems if they don't work can chain out to someone dying. You get paid well but you are personally responsible for the stuff you sign.
I'd pay good money for Dave Ramsey to degrade my personal decisions over the phone. Edit: The fact that i would pay money to listen to free advice is precisely why dave would yell at me in my fantasy
Even though 5-6k is quite low, it is refreshing at the same time to see there are people out there that are a bit finicky with their money vs the calls that we usually hear.
True, but if you want to be average and normal, I guess it is okay to settle for that. This kid wants more. He wants to be the CEO. He needs to go after that MBA as soon as possible.
People don’t know what they ask for sometimes. I’ve been mentored by several executives and what people perceive isn’t reality. Some of my colleagues and I make a lot of money without the added stress or responsibility. Being content in life can be as lucrative as being ambitious.
@@costco_pizza two mistakes. Thinking the MBA will give you the good life, and thinking having the CEO job title working for someone else will give you the good life. This guy is about to get a huge life lesson. Perhaps that is what will make it all worth it.
"I can't decide how much to spend on a car but I want to be a CEO, CFO, COO after quitting my job to get an MBA". I hope no execs took note of your name for future reference, sir. That's some real poor decision making.
Not A car, car for wife's old piece of junk that she has managed to work with while you both got debt free. Now you are pinching pennies on her safety and transportation. Changes the view, doesn't it.
did nobody listen to the caller? he's not going to quit his job to pursue his MBA. his contract is ending. @2:40 "I'm going to be rolling into a new job here in the next year. I work for a company out of Wisconsin. that work is ending"
@@lh7501 And that's the stupid part of his decision-making. He should do both - work fulltime and go to school part-time. Maybe his employer will cover school - mine did.
I work for a major Healthcare provider. Dave is right. Most of these places have a tuition remittance program. They want you to use your knowledge to make them better.
Definitely find a way for your employer to pay for your MBA. However, it provides invaluable experience and knowledge for those looking to start their own company or rise to upper level management. MBA’s can be highly useful!
No. listen @2:40 "I'm going to be rolling into a new job here in the next year. I work for a company out of Wisconsin. that work is ending" Dave completely missed this detail. the caller is going to be out of a job no matter what he does. the caller was asking if it was a good idea to go back to school when his contract ends.
Dave is right. Do the MBA in the evenings. Many universities deliberately hold classes at 6 p.m. to accommodate full-time workers. It will take longer to complete the degree but it does not matter in the long run. Dave is correct when he mentioned that the company will pay your tuition. Ask your employer. You do not have children yet. You will have time in the late afternoons to attend classes and study. Don’t give up your job! By the way, I have a M.B.A. from a very expensive university. I went full-time and paid for it with savings.
“Over educated broke people are everywhere” - my dad flipped out on me because I said I didn’t want to / need to go to graduate school even though he was willing to give me some money for it (but not cover it entirely). He’s 60 and bragged that he’s going to Harvard to get his masters this fall. I told him it’s a waste of money for just a piece of paper. He already has a masters. He just wants to brag about it. Oh and my mom has a masters too in social work.. she’s making less money than I’ll make at my internship this summer.
In my career I've been able to do a bunch with a machinist certificate, some drafting experience, and a whole lot of paying attention and learning the business of running a business
In Canada, the government actually forces CPA students to have work experience before they are even allowed to take the CPA exam. This should be mandatory for a lot of graduate programs. Professional student should not be a thing in universities.
As a matter of fact I do someone who was told by HR that the company cannot promote him as he doesn’t have a Master degree. Either he had to get a degree or work a few more years to be promoted. So he ended up got his MBA in Cornell.
@@weirdflex8158 listen at 2:40 "I'm going to be rolling into a new job here in the next year. I work for a company out of Wisconsin. that work is ending" that's a contractor.
This guy works for Epic, and I can’t blame him for wanting an MBA and getting out of there. They’re probably working him to death with work he isn’t passionate about. Very few people can make a career working there
It's a status symbol. I'm sure there's people at work that make him feel insecure because he never went to grad school. He needs to get over it and keep his high paying job.
$25k is more than enough for a 3 year old really nice car. I just bought '18 Mazda CX-5 Touring with 18k miles for $25k out the door and it's stunning. My household income is $150k+ and our other car I paid around $10k for so we are well under the 50% of our income. Get yourself a nice car
It's refreshing to hear Dave say "you're being cheapskates." along with the other stuff brings clarity and motivation and reassurance to enjoy something nice.
I have an associate degree in social services and a BSRN, and I somehow landed in lower marketing after covid caused an early retirement from nursing. I have in those 5 years became a marketing manager for my company and am loving it. I now get to bank 20 years of retirement and do something I love again until I don't want to anymore.
Yall have to understand that when you see a bunch of your peers walking around the office making 250k, your 156k salary isn't very attractive anymore, at least to some people lol.
That doesn't mean anything . You have people making $250K/year living paycheck to paycheck. Also, with his wife's salary combine, they can be millionaires in less than 10 year investing half that income per year.
State college bachelor's degree and I work for one of those prestigious private colleges. Sometimes you just need the degree and or professional knowledge and work history. It doesn't really matter where you get it after a few years.
First day of MBA school, the Finance professor explained how stupid we were for being in MBA school. Opportunity cost of not working and collecting a salary, not putting money into a retirement account, taking student debt to go to MBA school. He told us we would be better off going to work as a janitor and saving money instead of going into debt!
When I fired my marketing guy, I asked him in the exit interview why would I pay so much money to have him do the same things I can do myself. His response: Because I went to school and got my MBA 🤦♂️
I got my MBA while working on my job. It was just done at night and the company paid for 90% of the MBA while I continued working. So my MBA cost me about $3000(the company paid about 27K for it), and My company benefitted from that study. Its the only way to go when the company has a tuition assistance program.
Yeah exactly what company i was thinking. I applied as a software engineer out of college and the starting salary was a little north of 100k. Rigorous interview process though.
Keep in mind that if he’s working under a contract, he is responsible for MORE than the usual taxes. Contractor salaries always sound really nice, but they have to take care of what would normally be handled by the employer.
In our country if we are doing post graduate studies we do it while we work. We don’t leave our jobs to go back to school. Dave is right... Do it at night.. He has no kids at the moment so he can do it part time...
Did an English degree but fell into finance project management due to hard work. Did MBA simultaneously while STILL working in 4 months. That got me a raise and did PMP and another raise. I have known so many ppl who quit their good paying job for MBA and they never come back making what they left. Also MBA was online and virtually free.
I was told by many IT companies that I needed experience in order to get into the field... but no one would give me experience. In 2020 I started my own Computer business and it has been a good side hustle. I will start applying to cross into the field I want with the new experience I created on my own.
I love this advice! I'm screaming why would you quit your job do it on the go. I am completing my DSW at UPenn and have multiple streams of income, while being a first time mom. Vanderbilt has an awesome Executive MBA and so does Harvard etc. Don't quit your job unless you just don't want to work.
MBA isn’t as needed as people assume. These colleges and universities are doing a great job selling this idea. I’ve worked for some high profile executives at F500 companies without MBAs and are some of the most down to earth and smart people I’ve ever met.
I agree. MBAs do not have the clout that they used to have. However, if you have an employer who is willing to pay for you to get an MBA and it may help you advance in that company or find a better job at another company it's not a bad thing to have.
@@gatewaysolo104 but they have a mortgage, so they are hedged against inflation. If there really is hyperinflation (which there won't be) just go outside, sell a marble to a kid for a million dollars and pay off your mortgage. Boom roof over your head paid for. During inflation you want to hold debt.
Education is an ornament in prosperity and a consolation in adversity. Higher education does not guarantee high income certainly not but not everyone goes to school with the purpose of becoming very rich eventually, hard as it may be for an American to believe. Also it is a key that opens other doors, especially internationally. What the presenters say makes sense if your sole purpose is to make money and if you plan to live locally mainly, as in not working or living long term elsewhere in the world.
I got my MBA at night at a top ten school while keeping my day job. While networking and job placement is more challenging, you can earn money, continue to advance your career and get your education simultaneously. However, the MBA is not what it used to be, employers are looking for specific skills which you can get through certificate programs.
Buy a new car. Wives need no stress. Safety first. Get your MBA on Saturdays. To leave a job like that is a HUGE MISTAKE. He really is clueless. The wife is probably afraid of how stupid he is You can get the MBA online.
You can get an MBA in an online program through an accredited non-profit university. Some companies have programs that can pay for your education while working at the same company. It can take longer, but the journey is less stressful.
The main thing a prestigious school gets you is: contacts & connections, if and only if you dont have to work 80 hours a week + your class load. If you have to work to many hours, and go to class for to many hours; there is no time to connect with people & learn from them.
True. But holding on to a career and having disposable income are also good things for your further life. So I don't think they're wrong that it's a risky move to quit your job for it. But if he had the option to downscale the amount of hours temporarily, that might be a better option :)
Exactly - executive MBAs are designed for people who are already in executive positions and want to become a more well-rounded business person and leader, not for someone looking to break into those roles. Regular MBAs are meant for that purpose.
@@kelvingladwin4929 you're right to an extent, most MBAs don't. I would only recommend considering an MBA if you get into a T15 program. If you get into a M7, however, I would consider it very heavily, as these programs can virtually guarantee a more successful career than what you had prior, so long as you don't royally mess up.
I make the same amount as he does and I just have an undergrad degree in History. The only job that cares about your GPA and education is usually your first one. Experience earns money
Two things: First time I've heard Dave calling someone out for being a cheapskate lol And second, nothing wrong with being cheap as long as your lifestyle isn't affected and you're in good shape financially. Just my thoughts
"I don't have an MBA. But I have several who work for me". Dave flexing there
Lol
"I don't have an MBA. But I have several who work for me" Dave stating the facts
I don’t think he even meant to lol
Yeah, but it's true. Smart people work for people with the vision to deploy them. A students work for C students is an old proverb.
😂 I HEARD NOTHING BEFORE OR AFTER THAT!!! 🔥
It always amazes me how many intelligent people I know that had no clue about the concept of opportunity costs.
Successful people do not quit solid career positions to get MBAs. They do it at night. If he quits his job to become a starving student, he’s not worth the paper the MBA will be written on. Zero judgment, and nobody will hire him.
@@genxx2724 True, that probably will be brought up during his interview as to why he has a gap in unemployment.
@@MrJimmy3459 Absolutely. That he quit a great job just so he could pound the pavement with the rest of the nation’s graduating classes.
In his situation, it’s possible to take an MBA at night. However, it sometimes makes sense to leave work to pursue an MBA. It pretty much only makes sense if your going to an M7 school.
I learned this in my economics class in college, and is an eye opener. Every time I decide what I want to do in my life, I also factor in the opportunity cost, whereas before I didn't. I hate that they don't teach this in high schools.
PS. I'm a computer science student.
Dave: You guys are being being cheapskates!
Caller: I thought you said rice and beans & beans and rice!
Beans and rice is for people still overwhelmed with debt and doing the debt snowball.
Well those are for people who are in DEBT, THAT'S WHY DEBT FREE IS FREEDOM.
They have no debt and make $200K/year!
I received my MBA in Minneapolis from one of the premier programs. Did it at night and had my company pay for it. Took me five years and am glad I got it. This guy would be insane to take two years off from work to get an MBA.
Top MBA programs is Ivy leagues and tbose are mot in Minneapolis. I hope I'm not wrong.
@@twincherry4958 I would consider top 25-30 program in the US a premier MBA. I've met and worked with Ivy League MBA's and can't say i've been any more impressed or that they are any more successful than graduates of other MBA programs. In fact I would steer my own children away from the Ivy's as I think they are overpriced for the value of education you receive and I haven't seen any benefit other than name recognition.
@@twincherry4958 Carlson School of Management at the University of Minnesota has a pretty good MBA program. It's not Ivy League, but still a good place to get it from.
he got a degree in political science/history and got a job making 150k plus? he is making bank!
Right and he got into IT for a hospital. I'd like to know doing what?
@@Richb711 Having to deal with FDA validation is not for the faint of heart. There are some critical systems if they don't work can chain out to someone dying. You get paid well but you are personally responsible for the stuff you sign.
Does he work for Epic in Wisconsin?
@@VS-fo9py More than likely yes
he's a contractor. 156k IT contractor is middle of the road. let's see how much he can make as an FTE.
Household income of $200k? I'd lose a lot of that motivation to go back to school at all.
🤣🤣😂
Me too lol
We’re at about 125, could certainly use another 75k
😆😅🤣😅😆🤣😂
Student Debt will eat the $200K you have to account for lost time..
I'd pay good money for Dave Ramsey to degrade my personal decisions over the phone.
Edit: The fact that i would pay money to listen to free advice is precisely why dave would yell at me in my fantasy
Excellent comment
🤣🤣🤣🤣🤣🤣
B n or. No
Newegg b b b b
First time I heard Dave call someone a cheapskate
Even though 5-6k is quite low, it is refreshing at the same time to see there are people out there that are a bit finicky with their money vs the calls that we usually hear.
Are you going to stop using gear? It's expensive and bad for your health.
@@mitch20003 No.
@@Ryan_DeWitt based
Honestly, 200k a year is good enough to save, invest, and live comfortably. If he does want the MBA, he needs to do night school
True, but if you want to be average and normal, I guess it is okay to settle for that. This kid wants more. He wants to be the CEO. He needs to go after that MBA as soon as possible.
@@costco_pizza do you know what "average" means? lol
@@costco_pizza He isn't smart enough to be a CEO he doesn't understand opportunity cost.
People don’t know what they ask for sometimes. I’ve been mentored by several executives and what people perceive isn’t reality. Some of my colleagues and I make a lot of money without the added stress or responsibility. Being content in life can be as lucrative as being ambitious.
@@costco_pizza two mistakes. Thinking the MBA will give you the good life, and thinking having the CEO job title working for someone else will give you the good life. This guy is about to get a huge life lesson. Perhaps that is what will make it all worth it.
"I can't decide how much to spend on a car but I want to be a CEO, CFO, COO after quitting my job to get an MBA". I hope no execs took note of your name for future reference, sir. That's some real poor decision making.
Not A car, car for wife's old piece of junk that she has managed to work with while you both got debt free. Now you are pinching pennies on her safety and transportation. Changes the view, doesn't it.
did nobody listen to the caller? he's not going to quit his job to pursue his MBA. his contract is ending. @2:40 "I'm going to be rolling into a new job here in the next year. I work for a company out of Wisconsin. that work is ending"
@@v0mdragon he said the job he was going to was about equivalent to where he was.
@@v0mdragon but he won't be working at the new job if he does his MBA
@@lh7501 And that's the stupid part of his decision-making. He should do both - work fulltime and go to school part-time. Maybe his employer will cover school - mine did.
When rice and beans Dave calls you a cheapskate... 😆
For real😅
I work for a major Healthcare provider. Dave is right. Most of these places have a tuition remittance program. They want you to use your knowledge to make them better.
You absolutely do not need an MBA anymore....I'd never do my MBA unless my employer was paying for it.
Me too.
Yeah, I don't know anyone who paid for an MBA, your employer will pay for you to get one at night if you're at all useful to them.
Definitely find a way for your employer to pay for your MBA. However, it provides invaluable experience and knowledge for those looking to start their own company or rise to upper level management. MBA’s can be highly useful!
Wrong Title. Should be = “Degree/University Does Not Determine Pay-grade”
He wants to quit a 156k job.
Ooooooof
To spend more money to go back to school, you can't make this stuff up.....
That takes something else than money, cojo-nees
No. listen @2:40 "I'm going to be rolling into a new job here in the next year. I work for a company out of Wisconsin. that work is ending"
Dave completely missed this detail. the caller is going to be out of a job no matter what he does. the caller was asking if it was a good idea to go back to school when his contract ends.
Dave’s advice is spot on.
Many folks with an MBA will never make 150k a year
Healthcare IT company based out of Wisconsin...sounds like an EPIC job!
This nurse thought the same thing!
Worked with many EPIC certified people. They make big monies for just learning a medical record system.
@@nicholasbourcier Can confirm. Former Epic TS, worked myself to death. Quit, waited out non-compete and BAM: 200k
Dave is right. Do the MBA in the evenings. Many universities deliberately hold classes at 6 p.m. to accommodate full-time workers.
It will take longer to complete the degree but it does not matter in the long run.
Dave is correct when he mentioned that the company will pay your tuition. Ask your employer.
You do not have children yet. You will have time in the late afternoons to attend classes and study.
Don’t give up your job!
By the way, I have a M.B.A. from a very expensive university. I went full-time and paid for it with savings.
“Over educated broke people are everywhere” - my dad flipped out on me because I said I didn’t want to / need to go to graduate school even though he was willing to give me some money for it (but not cover it entirely). He’s 60 and bragged that he’s going to Harvard to get his masters this fall. I told him it’s a waste of money for just a piece of paper. He already has a masters. He just wants to brag about it. Oh and my mom has a masters too in social work.. she’s making less money than I’ll make at my internship this summer.
The difference is that your mom is doing work that makes a difference in this world, helping others.
In my career I've been able to do a bunch with a machinist certificate, some drafting experience, and a whole lot of paying attention and learning the business of running a business
@@JKNat9004 I'd rather make more money
@@Slam- When you're just getting by, yes but his mom is married to a guy making good money so money is not an issue for her.
Masters is required to work in social work, not the same as stacking up degrees.
Agree with Dave on this one... Earned my masters part time while I worked full time. Challenging, but definitely can be done.
In Canada, the government actually forces CPA students to have work experience before they are even allowed to take the CPA exam. This should be mandatory for a lot of graduate programs. Professional student should not be a thing in universities.
Gotta Love dave Ramsey, he just tells it like it is. I always appreciate his advice.
I once worked for an MBA who couldn't manage his way out of a wet paper bag.
Great story.
I worked for one who had to sell her house a decade later to pay off her student loans.
8:37 "Over educated broke people are EVERYWHERE." Let me pin this one.
As a matter of fact I do someone who was told by HR that the company cannot promote him as he doesn’t have a Master degree. Either he had to get a degree or work a few more years to be promoted. So he ended up got his MBA in Cornell.
“More degrees than a thermometer”😅😂🤣
Yeaahh 😂🤣😂 That was epic!!
Imagine wanting to quit a 150k remote job. That's straight up crazy. Get an MBA if you'd like as a WANT not a NEED
7:52, "Kill something; drag it home."
Pretty savage line.
It's a great metaphor!!
It gets the point across quickly.
Gangsta Dave
This caller wants to step over hundred dollar bills to pick up nickels.
😂😂😂😂😂
There's a proverb for that...
"Why would you give up this fabulous income to get a MBA?" Dude has an ego and want the MBA to boast. Dude also has the CEO fantasy.
dude is a contractor who's going to be out of work in a year. he won't have such an ego soon.
and how tf do you know
@@weirdflex8158 listen at 2:40 "I'm going to be rolling into a new job here in the next year. I work for a company out of Wisconsin. that work is ending"
that's a contractor.
Alot of millionaire's are like this. They want to do more ,get more. Keep going, like they can't stop
I wonder why he is nt starting HIS OWN business!!!
"Over-educated, broke people are everywhere"- luckily we can become truly educated and free of debt, with time. :) love that line!
This guy works for Epic, and I can’t blame him for wanting an MBA and getting out of there. They’re probably working him to death with work he isn’t passionate about. Very few people can make a career working there
Epic games?
I instantly thought Epic
Had the exact same thought when he said healthcare in Wisconsin. Although take the experience and go wherever you want 😂
It's a status symbol. I'm sure there's people at work that make him feel insecure because he never went to grad school. He needs to get over it and keep his high paying job.
“Your raise is effective when you are.” Love that!!!!
My company claimed they would pay for it until you actually try to do it.
This dude wants to go back to school full-time for the lifestyle. Keep working and do the MBA at night. That’s what I did!
maybe he wants that school life again ;)
My wife and I did the same. Plus, the place at which we worked paid for it.
Degree gets your foot in the door, to a point, but getting hired is entirely based on the person themselves, not a piece of paper.
That's why he has the job he has.
Next call I"m a billionaire and I only own a Bike. Should I buy a car.
Dave - Rice and beans 😂.
I'd live off the 42K salary and save the 156K income so I would be optional in a few years.
$25k is more than enough for a 3 year old really nice car. I just bought '18 Mazda CX-5 Touring with 18k miles for $25k out the door and it's stunning. My household income is $150k+ and our other car I paid around $10k for so we are well under the 50% of our income. Get yourself a nice car
Bought a 2016 CX9, same situation
It's refreshing to hear Dave say "you're being cheapskates." along with the other stuff brings clarity and motivation and reassurance to enjoy something nice.
"over-educated broke people are everywhere" - Dave Ramsey
"over-educated broke idiots are everywhere" - me
I felt that one when he said it lol
I have an associate degree in social services and a BSRN, and I somehow landed in lower marketing after covid caused an early retirement from nursing. I have in those 5 years became a marketing manager for my company and am loving it. I now get to bank 20 years of retirement and do something I love again until I don't want to anymore.
Yall have to understand that when you see a bunch of your peers walking around the office making 250k, your 156k salary isn't very attractive anymore, at least to some people lol.
That doesn't mean anything . You have people making $250K/year living paycheck to paycheck. Also, with his wife's salary combine, they can be millionaires in less than 10 year investing half that income per year.
If they don’t want to spend the money they don’t have to.
University of Minnesota right down the road from him has a very excellent two year executive MBA program. Very very good. Slam dunk.
The number of ppl that want to manage a company or a company’s finances that don’t make good financial decisions is ridiculous.
He has made fine decisions... no debt besides their home? 86K in their checking? They've done amazing.
State college bachelor's degree and I work for one of those prestigious private colleges. Sometimes you just need the degree and or professional knowledge and work history. It doesn't really matter where you get it after a few years.
First day of MBA school, the Finance professor explained how stupid we were for being in MBA school. Opportunity cost of not working and collecting a salary, not putting money into a retirement account, taking student debt to go to MBA school. He told us we would be better off going to work as a janitor and saving money instead of going into debt!
Mr Kennedy you left us hanging here, you are not telling us whether he was correct or wrong. What happened afterwards...
@@sakhilentshangase4430 I went to work as a janitor! No--I did o.k. He was wrong in my case.
MBAs used to be a ticket. Not now. Too many of them, devalued. Not worth it in many circumstances.
When I fired my marketing guy, I asked him in the exit interview why would I pay so much money to have him do the same things I can do myself. His response: Because I went to school and got my MBA 🤦♂️
Sounds like it was a good decision to cut bait! 🤣🤣🤣
Lol 😝
Why'd you hire him in the first place?
@@nunyabidnes6010 he was a friend with a marketing background. First red flag there hey, don’t hire friends and family!
Don’t quit for your job for an MBA! Dave is right!
I got my MBA while working on my job. It was just done at night and the company paid for 90% of the MBA while I continued working. So my MBA cost me about $3000(the company paid about 27K for it), and My company benefitted from that study. Its the only way to go when the company has a tuition assistance program.
Forget the content here. Imagine having to live in Minneapolis right now.
He works for EPIC I bet. I can't believe he'd voluntarily leave that situation.
Yeah exactly what company i was thinking. I applied as a software engineer out of college and the starting salary was a little north of 100k. Rigorous interview process though.
Man, the wages that are possible in the USA are just insanly high...
It is possible.
In most European countries one can only dream. I’m in Germany
But then on the other end of the spectrum the teacher wage is bad and minimum wage can be so low...
Keep in mind that if he’s working under a contract, he is responsible for MORE than the usual taxes. Contractor salaries always sound really nice, but they have to take care of what would normally be handled by the employer.
USA has many Losers and small high winners who earn 5 or more times the amount of Average with more Power over People.
In our country if we are doing post graduate studies we do it while we work. We don’t leave our jobs to go back to school. Dave is right... Do it at night.. He has no kids at the moment so he can do it part time...
I worked full-time when I got my MBA. It took me about 2 1/2 years.
Did an English degree but fell into finance project management due to hard work. Did MBA simultaneously while STILL working in 4 months. That got me a raise and did PMP and another raise. I have known so many ppl who quit their good paying job for MBA and they never come back making what they left. Also MBA was online and virtually free.
Thank you for the info and advice you share!
Funny how nobody mentions that the wife could go to school in the summers and get qualified for a better paying career.
Maybe she loves teaching? Why should she have to go get a better paying job
She married an idiot who wants to quit a 156k, she can't be that bright either.
She's gonna be a stay at home mom with two kids five years from now.
I know several teachers and they do it because they love the work and not for the money. Plus earning money is really not their problem.
Why should the wife have to change anything? If she likes being a teacher then there's nothing wrong with that.
I was told by many IT companies that I needed experience in order to get into the field... but no one would give me experience. In 2020 I started my own Computer business and it has been a good side hustle. I will start applying to cross into the field I want with the new experience I created on my own.
Dave with a sneaky bicep flex 🤣
An MBA is useful for public sector roles where appearances are more important than results.
He is young and is probably bored working full time. He made bank, and now wants to go back to school and kick it.
I love this advice! I'm screaming why would you quit your job do it on the go. I am completing my DSW at UPenn and have multiple streams of income, while being a first time mom. Vanderbilt has an awesome Executive MBA and so does Harvard etc. Don't quit your job unless you just don't want to work.
" what other toys with wheels on them" 😆
Bicycles all the way!
He had more of a degrees than a thermometer... 😅😅😂😂
MBA isn’t as needed as people assume. These colleges and universities are doing a great job selling this idea. I’ve worked for some high profile executives at F500 companies without MBAs and are some of the most down to earth and smart people I’ve ever met.
You know the deal.
I agree. MBAs do not have the clout that they used to have. However, if you have an employer who is willing to pay for you to get an MBA and it may help you advance in that company or find a better job at another company it's not a bad thing to have.
Best part was “I don’t have one but I got someone with one who works for me”
I work for a Fortune 500 company. MBA degrees are just about required to progress to higher levels.
Did they change the name of the show? Dave getting ready to retire?
Legacy move
When done properly, retiring when you own a company is a gradual transition over at least ten years
$86k in cash on hand, jeepers that’s great!
International index funds and keep pumpin
That's awful. It will disappear during this time of hyper inflation.
@@gatewaysolo104 but they have a mortgage, so they are hedged against inflation. If there really is hyperinflation (which there won't be) just go outside, sell a marble to a kid for a million dollars and pay off your mortgage. Boom roof over your head paid for. During inflation you want to hold debt.
Daddy Dave, giving corrections to the son.
Dude works for EPIC or consults for EPIC
What is EPIC?
@@jorgesalazar818 it's an EMR - electronic medical record - medical information, networking, interhospital data sharing, etc.
Education is an ornament in prosperity and a consolation in adversity.
Higher education does not guarantee high income certainly not but not everyone goes to school with the purpose of becoming very rich eventually, hard as it may be for an American to believe.
Also it is a key that opens other doors, especially internationally.
What the presenters say makes sense if your sole purpose is to make money and if you plan to live locally mainly, as in not working or living long term elsewhere in the world.
I got my MBA at night at a top ten school while keeping my day job. While networking and job placement is more challenging, you can earn money, continue to advance your career and get your education simultaneously. However, the MBA is not what it used to be, employers are looking for specific skills which you can get through certificate programs.
Buy a new car. Wives need no stress. Safety first.
Get your MBA on Saturdays. To leave a job like that is a HUGE MISTAKE.
He really is clueless. The wife is probably afraid of how stupid he is
You can get the MBA online.
You can get an MBA in an online program through an accredited non-profit university. Some companies have programs that can pay for your education while working at the same company.
It can take longer, but the journey is less stressful.
Some oil and gas companies (at least used to) only hire grads from certain schools so depends on the industry
Cinderella making tackles 😂
Have a tool to do a freaking job! I love this.
An MBA is not a legal requirement to work at bank. It is often online.
The main thing a prestigious school gets you is: contacts & connections, if and only if you dont have to work 80 hours a week + your class load. If you have to work to many hours, and go to class for to many hours; there is no time to connect with people & learn from them.
True. But holding on to a career and having disposable income are also good things for your further life. So I don't think they're wrong that it's a risky move to quit your job for it. But if he had the option to downscale the amount of hours temporarily, that might be a better option :)
There are some fields where the people with a PHD have one phrase they use the most: "Do you want fries with that?"
great advice
Even if i made $200,000 I would never get rid of my 2004 Ford Ranger. I LOVE it!
"Cinderella is making tacos now" lol
Questionable decision making for someone that wants to be a CEO
Executive MBA does not make you an executive near term lol
Exactly - executive MBAs are designed for people who are already in executive positions and want to become a more well-rounded business person and leader, not for someone looking to break into those roles. Regular MBAs are meant for that purpose.
neither does a regular MBA. I know many CEOs, CTOs, C suite executives with no MBA. An MBA does not automatically guarantee you career success.
@@kelvingladwin4929 you're right to an extent, most MBAs don't. I would only recommend considering an MBA if you get into a T15 program. If you get into a M7, however, I would consider it very heavily, as these programs can virtually guarantee a more successful career than what you had prior, so long as you don't royally mess up.
I make the same amount as he does and I just have an undergrad degree in History. The only job that cares about your GPA and education is usually your first one. Experience earns money
Two things:
First time I've heard Dave calling someone out for being a cheapskate lol
And second, nothing wrong with being cheap as long as your lifestyle isn't affected and you're in good shape financially. Just my thoughts
Cinderella making tackles 🤣
I would keep the 200k/year job and take night school on the side.
200K a year. I wouldn't go back to school.
Wish I'd listened to this advice 20 years ago
My son went from 150k to 700k thanks to his MBA but he did cash flow it and work while he was getting it.
Not even at night. You can complete a MBA program from a great school online. Just put your laptop out during work hours.
You get the MBA so you can get a dang $150k job.
This call 😂😂😂
i like how dave says program .."progrum"