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A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Mon Sep 01, 2014 9:21 pm




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 Post subject: Advice about pursuing education in the military
PostPosted: Wed Aug 06, 2014 8:22 am 

Joined: Sat Jun 08, 2013 5:04 am
Posts: 3
Hello all, Could I please hear your opinions on this matter?

I'm currently active duty Air Force (AF). I've been in for 8 years. My husband is also active duty AF. We've been married for 6 years, no children, no mortgage, no debt at all. I have an AA in Multimedia Production Services (I got this as it directly related to my AF career field at the time and was highly recommended in order to stay competitive for promotion, even at the enlisted ranks). I am currently pursuing a BS in Communications. My career field has since "merged" with another and I'm now Public Affairs (this career field includes photographers, journalists, and broadcasters)

The dilemma I seem to have is that I am pursuing the BS in Communications because it relates to my AF career field and it is what I have experience in. However, this field would not be my first choice as far as career fields in the civilian sector. I am very interested in finance, always have been. I often think of pursuing a degree in finance and I even spend my free time off-duty studying and trying to learn all that I can about it. My mind just always goes back to finance. I am not interested in working on Wall Street, getting rich or anything, but more so helping people/families…maybe a family financial planner. I'm also interested in working for non-profits.

I LOVE being in the AF, I just don't love my job. I don't hate it either. So, my question is, would it even be worth it to get a finance degree if I plan to stay in the AF? I ask because I would be 39 when I'm eligible to retire from the AF but I would have a finance degree with 20 years experience in a COMPLETELY different career field. Finance degree at age 39 with no finance experience doesn't sound too good. Or I could get out, pursue finance but I would still be moving around a lot because my husband plans on staying in (he's in cybersecurity in AF, loves his job and wants to get all of the experience and certifications on the military's dime). If I got out, I'd use my Post 9/11 GI Bill (This covers tuition and it pays a good housing allowance as long as you're a full-time student, current rate for my location would be ~2200/month) We have saved a good amount during our time (and multiple deployments) in and the fact that we've had double housing allowances (even though we live under the same roof, we each get the allowance because we each serve in our own right)

Thoughts? Advice? Thank you for taking the time to read

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 Post subject: Re: Advice about pursuing education in the military
PostPosted: Wed Aug 06, 2014 9:28 am 

Joined: Tue Jun 12, 2012 4:34 pm
Posts: 491
Can you cross-train into a finance job?


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 Post subject: Re: Advice about pursuing education in the military
PostPosted: Wed Aug 06, 2014 9:47 am 

Joined: Sat Jun 08, 2013 5:04 am
Posts: 3
No, not at the moment. No retraining out of my job right now and if I make rank again it will be darn near impossible...

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 Post subject: Re: Advice about pursuing education in the military
PostPosted: Wed Aug 06, 2014 10:25 pm 

Joined: Sat Jul 19, 2014 10:16 am
Posts: 16
If I was you I would not get out no matter what. You have only 12 years to go and then you can do whatever you want to do while collecting a nice monthly check for the rest of your life.

I would try and advance as far I could because your retirement pay is based on what level of pay you retired at. You could always take financing courses while you are still in after you finish your BS degree in communications. You have 12 years left and can get a finance degree right before you get out or get out and use your GI bill.

You have so many options. But take it from some one who got out and now regrets it, stay in and retire then pursue other things. You and your husband are going to be in a great place when you both retire from the Air Force. Thank you both for your service!


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