Cost and benefit. It’s like yin and yang. Two sides of a coin. You know I wrote about the real cost of an MBA: https://richard-from-anderson.com/2020/01/22/calculating-the-real-cost-of-an-mba/ So let’s talk about the benefit a bit. See if getting an MBA is worth it.
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What happens when you die?
I woke up today to the news of Kobe Bryant’s passing. Kobe Bryant was Los Angeles’ hero, and he will always be. My friend who grew up in LA and was busy preparing for his wedding next weekend called me saying how sad he felt about the news. But this post is not about shock …
Calculating the real cost of an MBA
Yes, everyone knows an MBA is expensive. Most people estimate the cost of an MBA at $200k. While I believe the value of an MBA is immeasurable for reasons I’ll detail in future posts, I think all MBA students should still determine whether they can digest the cost of the education and the degree. So …
2020 is going to mark the downfall of the app-based gig economy
I’m sleepy right now, so I’m going to keep this post short. I came across this Wall Street Journal article shared by one of my Anderson professors: https://www.wsj.com/articles/tech-that-will-change-your-life-in-2020-11577456561 Two of the points mentioned are: 1. VC money is going to get tighter and shift away from growth towards profitability. 2. The so-called “technology platforms” such …
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The credit card game is not for everyone
Early 2012, I got my first credit card. Nothing had fascinated me as much as the credit card up to that point. I spent hundreds of hours research how credit works, how to optimally build up credit, what credit cards to get and when I should get them, etc. I was a very active participant …
The reason I tip 20% at restaurants
I love rules of thumb (even if the origin of this phrase is quite interesting), because they make my life simple. As I got older, I came to realize the importance of not having to think about things that don’t really matter, so that I can focus my energy on making decisions that have an …
Why nickle and diming works
As I am typing this, JetBlue had just announced that they were going to increase the checked bag charge to $35. Back in the day when I frequently flew into New York and Syracuse, JetBlue was responsible for a good portion of my mileage. Back then, my first checked bag with JetBlue was free. Several …
Why real life is so much tougher than school life
School was never easy for me. I have 18 years of education under my belt and I wouldn’t say any of them wasn’t difficult. I studied the heck out of every class, every subject I took, and worked for my class discussions, group projects, my papers, my exams, my grades. And yet, once I started …
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The time-money trade-off
When I was younger, in my early 20’s, I read a short article online that really impacted the way I viewed life. The premise of the article is simple: life is a time vs money trade-off. Either you exchange time for money or you exchange money for time. When you are younger, you get paid …
Convert your 401k/Traditional IRA while in business school!
Do you have either a 401(k) from your previous job or a Traditional IRA? If your answer is yes, and if you want to save thousands of dollars in tax (I’m not kidding), read on. One of the most painful aspects of putting a hold on your career to go back to school is making …
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Richard Anderson 