Bible Money Matters

Christian personal finance

Menu
    • About
    • Archives
    • Contact
    • Close
  • Making Money
      • Popular Articles

        • 50 Ways To Make Money: Maximizing, Creating And Increasing Your Income
        • 10 Weird And Unconventional Ways To Make Money
        • Making Money With A Blog (e-Book)
        • 10 Places To Sell Or Trade Your Unused (Or Broken) Electronics
        • Ways To Make Extra Money Series: 20 More Income Generating Ideas From Our Readers
        • Making Side Income Can Help Blunt The Impact Of Becoming A One Income Family
        • Earn Cash Back With Discover it® Credit Card
      • Recent Articles – Making Money

        • Best Sites Like Fiverr To Make Money As A Freelancer
        • 13 Of The Best Independent Contractor Jobs
        • 25 Of The Best Gig Economy Jobs
        • How To Make Money Blogging: Turn A Blog Into A Business
      • Categories

        • Making Money
        • Investing
        • Retirement
        • Jobs & Work LIfe
        • Money
        • Income
    • Close
  • Saving Money
      • Popular Articles

        • 50 Easy Ways To Save Money Every Month
        • 10 Weird And Unconventional Ways To Save Money
        • 10 Practical Ways To Save Money And Increase Your Net Worth
        • How To Save Money On Just About All Of Your Regular Monthly Bills
        • Ways To Watch TV Without Paying An Arm And A Leg For Cable TV
        • Save Money On Your Hospital Bill - Just By Asking
      • Recent Articles – Saving Money

        • How To Save $100k In 7 Practical Steps
        • Stairs App Review: Save And Invest To Earn 4-6% Interest
        • Honey Review: Save Money Automatically When You Shop Online
        • 9 Convincing Reasons Why You Need An Emergency Fund
      • Categories

        • Saving Money
        • Frugality
        • Planning
        • Finance
        • Saving For Retirement
        • Savings Accounts
    • Close
  • Banking
      • Best Rates For 2019

        • Best Credit Cards
        • Best Savings Accounts
        • Best Mortgage Rates
        • Best CD Rates
        • Best Brokerages
        • Free Credit Scores
      • Recent Reviews

        • TradeStation Review: Commission Free Stock And ETF Trades
        • Firstrade Review: Commission Free Trades on Stocks, Crypto, And Options
        • Cadre Real Estate Investing Review: Commercial Real Estate Investing
        • Axos Self Directed Trading Review: Invest, Trade Stocks For Free
      • Categories

        • Bank & Software Reviews
        • Investing
        • Credit
        • Banking
        • Mortgage
        • Insurance
        • Family Budget
    • Close
  • Recommended
  • Video
    • Close

Don’t Be Afraid To Drop Out Of A Graduate Or Professional Program

By Melissa 1 Comment - The content of this website often contains affiliate links and I may be compensated if you buy through those links (at no cost to you!). Learn more about how we make money. Last edited March 22, 2018.

Share22
Pin3
Tweet1
Share
26 Shares

Jessie loves to argue, and she is good at it.

Her friends and family always told her she should be a lawyer, and she agreed.

She went to a law school a few hours from home and imagined a successful future for herself where she would be able to argue and debate for much of her day and make a good living doing so.

Reality was different, though.

Jessie didn’t like the intense workload, and she realized there was a lot more to law than just arguing and debating.  She didn’t like the cutthroat environment and soon realized being a lawyer wasn’t the job for her.

Yet, she mulled over the decision to drop out because she already had a year invested in her law degree, and she was now thousands of dollars in student loan debt.  The debt didn’t bother her initially because she thought she’d make a good income as a lawyer.  Should she walk away from the degree and be saddled with thousands of dollars in debt without the promise of a good income?

That’s exactly what she did.

If you’re pursuing a law, veterinary, medical or other professional or graduate degree and you’re miserable, you should be willing to drop out despite the sunk cost.

Drop Out Now With Less Financial Damage

What is worse than leaving a graduate program with tens of thousands of dollars of debt and no degree?  Staying longer and accruing more debt because you feel like you don’t want to lose the money and time that you’ve invested.

I’m not saying drop out without much thought, but if you’re sure the program you’re in is not for you, dropping out sooner rather than later is the better choice.

Life Is Too Short To Choose A Career You Don’t Love

Typical Americans change careers several times during their working lifetime, but if you have a specialized degree like medical doctor, lawyer, or veterinarian, you will not change careers as frequently.  You’ll probably be several years into your career before you’re even free of student loan debt.

Do you want to continue on with a career you do not love?

Life is much too short for this.

Cut your losses with the current program that you’re in and discover something that you do love.

Jessie, in the example above, went on to get a graduate degree in political science, and now she spends her days doing what she loves.  When she looks back at her time in law school, she’s thankful that she made the decision to drop out.

Ways to Avoid Dropping Out

Of course, it’s best to not to make the mistake and find your self in this situation.

One of the best things that you can do is volunteer in the field that you’re interested in.  I used to be interested in being a veterinarian.  I spent one summer when I was in college volunteering at a vet’s office.  I was able to help with the appointments and to be present during surgeries.  This experience helped me realize that although I liked animals, I didn’t want to become a vet.

This one summer of volunteering potentially saved me thousands of dollars in loans and tuition.

Spending time and money investing in your future career only to discover midway through that you’re not suited for said career can be devastating.

Some people will choose to stick it out because they can’t face the sunk cost of their education. Don’t feel that you need to, however.  Life is too short to be stuck in a career that you do not love.

Did you pursue a graduate degree?  Did you discover that the field wasn’t right for you?  If so, did you stay in the program or drop out?

Related Posts

  • New Details About Making Home Affordable Program And Second Mortgage Modifications

    After realizing that even a modification on a first mortgage won't help some people if their second mortgage is still too high, the government expanded…

  • Tax Rules And Consequences Of The Cash For Clunkers Program

    I've written quite a bit about the cash for clunkers program here on Bible Money Matters in relation to how the program worked, who qualified…

  • Frugal Activities That I Don’t Find Worthwhile

    Most people, even if they don’t consider themselves frugal, have some things that they do to save money and avoid waste. They do things like…

Share22
Pin3
Tweet1
Share
26 Shares
Last Edited: 22nd March 2018 The content of biblemoneymatters.com is for general information purposes only and does not constitute professional advice. Visitors to biblemoneymatters.com should not act upon the content or information without first seeking appropriate professional advice. In accordance with the latest FTC guidelines, we declare that we have a financial relationship with every company mentioned on this site.

This article is about: Education

About Melissa

Melissa, a mom to three (ages 15, 10, and 9), blogs at Mom's Plans where she writes about homeschooling, health eating, frugal living, and paying down debt. She works as a freelance writer and virtual assistant.

Comments

    Share Your Thoughts: Cancel reply

  1. Troy @ Bull Markets says

    I completed a degree in economics and honestly it wasn’t worth it. It wasn’t so much the money (university is rather cheap in Canada), but it was a waste of time. 99% theoretical ideas that don’t actually work in real world economics and finance.

    Reply
Previous Post: Tiller Money Review: Automated Budget Spreadsheets In Google Sheets
Next Post: 6 Summer Jobs And Volunteer Opportunities For Early Teens
Discover Investment Platforms

Popular Posts

  • 21 Easy Ways To Earn Free Amazon Gift Cards
  • 10 Best Free Tax Filing Services And Software Online
  • 21 Apps That Pay You Real Money Fast
  • 17 TV Apps And Live TV Streaming Services To Watch TV Free
  • 30 Legit Online Jobs That Pay Well
  • 37 Easy Ways To Get Free Gift Cards
  • How To Get Free Stock
  • 40 Easy Ways To Get Free Money Fast
  • 21 Places To Read Free Books Online
  • 24 Legit Online Jobs
  • 17 Best Work From Home Jobs: A List Of Legit Online Jobs That Pay Well

Recent Posts

  • How To Save $100k In 7 Practical Steps
  • How to Save Money When Remodeling A Home
  • How To Hire A Contractor For Your Remodeling Project
  • Remembering 9/11 Years Later: Where Were You On That Fateful Day?
  • TradeStation Review: Commission Free Stock And ETF Trades
  • Firstrade Review: Commission Free Trades on Stocks, Crypto, And Options
  • Cadre Real Estate Investing Review: Commercial Real Estate Investing
  • Best Sites Like Fiverr To Make Money As A Freelancer
  • Axos Self Directed Trading Review: Invest, Trade Stocks For Free
  • 30 Quotes About Easter And Resurrection: He Is Risen!

Disclaimer

The information contained in BibleMoneyMatters.com is for general information or entertainment purposes only and does not constitute professional financial advice. Please contact an independent financial professional for advice regarding your specific situation.

In accordance with FTC guidelines, we state that we have a financial relationship with some of the companies mentioned in this website. This may include receiving access to free products and services for product and service reviews and giveaways.

Any references to third party products, rates, or websites are subject to change without notice. We do our best to maintain current information, but due to the rapidly changing environment, some information may have changed since it was published. Please do the appropriate research before participating in any third party offers.

Amazon and the Amazon logo are trademarks of Amazon.com, Inc. or its affiliates.

We respect your privacy: Privacy Policy.

Thanks for visiting!

Bible Money Matters - Seen On These Sites and more..
Bible Money Matters is a personal finance, entrepreneurship and investing community. Give more, save more and live more.

Copyright © 2023 · Bible Money Matters | Sitemap | Advertise | Privacy Policy