At 150K a year in the PNW as an IT professional, with half a mil in the bank, and income more than twice what my retirement living expenses would be (not counting everything just cash flow) I am going back to school to get an MBA (I plan on working for another 7 years, possibly more just to pool as much cash as I can while I can). The plan was for my company to pay most of it but after a recent buyout, that might change. It's about 10K out of pocket for the accelerated MBA at a state school with AACSB accredidation, about 13K if I go with the concentration in CIS (I get a waiver for half the program due to my previous degree, so if it wasn't for that, you could double these figures). The above numbers are with no tuition help. If my company so much as pays half of it and it comes down to 5-7k out of pocket I think it's worth it, just in case, no?
But wait...Just recently, I handed over another $400 check to a home inspector for yet another home purchase. It was for about 2 hours work...I was reminded again about how when I was 19 (33 now) I had wanted to go become a Home Inspector. At the time, I couldn't pay for the 2K training just to learn what I was doing, even though there was no licensure required, etc. so I did the safe thing and went to a university for a four year degree. That worked out quite well but...I alwasy wondered if the HI thing is a good gig. Now that licensure is required, and specific companies in my area are approved for training, it's about 4K to get the training. Not bad really. But should I get the MBA AND do the HI training after the fact and try to get into that as a "retirement job"? Every home inspector I used did 3 inspections a day, and was booked through the weekends. When asked, they admitted to clearing six figures after expenses. Most were low wage factory workers before. Man, is it just me or is the Home Inspection thing a potential gold mine for me?
Should I do the MBA now, and the HI later? Both at the same time? Skip the MBA and try the HI now? What makes the most sense. Personally the opportunity to get an MBA from an AACSB accredited state uni at that price seems hard to pass up, especially since by this time next year, I'd be done...I can always drop another 4K on the HI training, but the MBA and IT experience is always something for fall back on.