A brief background first: I live in the UK, I'm 25 and I graduated from university in 2011 and have been unemployed since. I have been accepted to study a masters in finance at IE university in Madrid for one year.
I have been having serious doubts about my masters. In taking this path, I will have to pay 30,000 euros in fees, around 800 euros per month (9600 euros per 12 months) in rent and around 600 euros per month (7200 per 12 months) in living expenses, that's 46,8000 euros over the next 12 months. I have been doing a lot of reading about investing and starting a business, and feel that my dream lies in becoming financially independent via starting a business to earn income and investing a portion of that income on a continual basis.
I have been applying to jobs for two years with no success, I must say, If I walk away from this masters I will feel afraid, I will lose the security feeling of having a clear-cut path of studying for a year with the likely possibility of finding a job in a corporation. Also I have come so far (spanish course starts next week and masters next month) and have already booked my flight to spain (300 pounds), paid 7,200 euros up front in fees so that's already 7,300 pounds total paid for courtesy of my dad, I will look indecisive and will feel embarrassed if I go back on my decision.
At this stage the beta lifestyle has become so clear to me and identifying it so easy. Working as a slave in a corporation and being stripped of my time and energy (to pursue dreams) is something very clear to me and a trap I would like to avoid.
So in conclusion I would like to seek your advice,
first some quick facts:
- been unemployed two years
- relying on dad and benefits and casual retail work for two years as income
- complete loss of dignity and fulfilment and flexibility as I have to live with my parents
- masters already applied for and accepted
- no clear plan to start a business
- very little capital and savings (around a third of my assets are tied in index-tracking mutual funds)
- starting to develop strong doubts about the master
- possess a strong fear of walking away from the masters
- Strongly dislike life in the UK, UK girls, and UK culture, and If I pass on the masters I would have to live (albeit for the time being) in the UK
So do you think I should pursue the masters? use that as a launch pad to land a job from which I can gain experience and save money (to be used for capital) ? or start fresh and focus on starting a business?
Your reply is much appreciated
I have been having serious doubts about my masters. In taking this path, I will have to pay 30,000 euros in fees, around 800 euros per month (9600 euros per 12 months) in rent and around 600 euros per month (7200 per 12 months) in living expenses, that's 46,8000 euros over the next 12 months. I have been doing a lot of reading about investing and starting a business, and feel that my dream lies in becoming financially independent via starting a business to earn income and investing a portion of that income on a continual basis.
I have been applying to jobs for two years with no success, I must say, If I walk away from this masters I will feel afraid, I will lose the security feeling of having a clear-cut path of studying for a year with the likely possibility of finding a job in a corporation. Also I have come so far (spanish course starts next week and masters next month) and have already booked my flight to spain (300 pounds), paid 7,200 euros up front in fees so that's already 7,300 pounds total paid for courtesy of my dad, I will look indecisive and will feel embarrassed if I go back on my decision.
At this stage the beta lifestyle has become so clear to me and identifying it so easy. Working as a slave in a corporation and being stripped of my time and energy (to pursue dreams) is something very clear to me and a trap I would like to avoid.
So in conclusion I would like to seek your advice,
first some quick facts:
- been unemployed two years
- relying on dad and benefits and casual retail work for two years as income
- complete loss of dignity and fulfilment and flexibility as I have to live with my parents
- masters already applied for and accepted
- no clear plan to start a business
- very little capital and savings (around a third of my assets are tied in index-tracking mutual funds)
- starting to develop strong doubts about the master
- possess a strong fear of walking away from the masters
- Strongly dislike life in the UK, UK girls, and UK culture, and If I pass on the masters I would have to live (albeit for the time being) in the UK
So do you think I should pursue the masters? use that as a launch pad to land a job from which I can gain experience and save money (to be used for capital) ? or start fresh and focus on starting a business?
Your reply is much appreciated