Net Worth Update: Going Back to School

One of the things that happens when you lose your job is that you start to consider the next step you take in your life.  You think about what you really want to do, and whether you are on the path to achieve your goals.  You ask questions about where you wish to be in life and what you want to do in the future.

After doing much of this sort of soul searching, I’ve decided that I should go back to grad school and get my Master’s degree (and possibly a Ph.D., eventually).  Besides opening more doors to me in my field (in biochemistry and similar fields, I’ve noticed that an advanced degree can easily substitute for experience when applying for a job), it’s also a major requirement for becoming a professor, which is something I’ve wanted to do for quite a long time (ever since I noticed a fondness for teaching when helping my classmates during my undergraduate career).

In order to do this, I need to get into graduate school, and to do that, my first step is going to be studying for and taking the Graduate Record Examination (GRE).  So, if am not around quite as much on everyone else’s blog in the following few weeks, don’t think that I’ve gone off a partyin’; more likely, I’m spending my spare time studying up on the GRE.  But for now, let’s get onto the fun of going over my finances (I can hear the joy in your voice at the thought):

Net Worth 1-16-2010ANet Worth 1-16-2010B
Not too much to report; I’ve settled my investment shifting in my Roth account, so now I’ll be able to just track my progress.  After reading some of the commentary from Financial Samurai, I’ve decided against converting my 401(k) to a Roth; instead, I think I’ll just roll it over to a traditional IRA, and try to diversify my retirement accounts a bit (it’s good to be prepared for whatever tax changes the future might bring).  I need to cut down on my spending even more; but other than that, not too much wrong with this picture, I’m happy to say.

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