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Taking a Hit to My Net Worth

This article was written by in Education, Saving. 3 comments.


Since I resumed taking classes for my MBA, I now have a new student loan. The way this works is I take a loan at the beginning of the “semester” and after each six-week class ends, I wait two weeks for a 90% reimbursement from my company. On my next monthly update, you’ll see my net worth decrease quite a bit, but as I get reimbursed for the education expenses, my value should normalize.

In other news, Consumerism Commentary, this website, is now available at its own domain name: consumerismcommentary.com. Please update your links when you get a chance.

Some more late-breaking news: the rumor has come to fruition. Emigrant Direct is now officially offering an interest yield of 3.25%.

Updated February 6, 2012 and originally published March 14, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 3 comments }

avatar jim

I don’t quite know why… but Websense identifies consumerismcommentary.com as in the category of “Sex.”

avatar Luke Landes ♦127,505 (Platinum)

Interesting. Maybe it will increase my readership. :>

avatar erin

I’m also working towards my MBA, and my employer pays tuition and expenses. Rather than have your networth take a hit, set up an account that tracks what your employer owes you, almost like you are loaning them the money for the period of the semester. That way you won’t see huge fluctuations in your net worth, and any fluctuations you do see will be more meaningful.

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