Blonde MBADocumenting the life of a blonde MBA student in sunny California. Maybe some blondes DO have brains!

So I haven’t really talked about the current Wall Street mortgage crisis for a few reasons: 1) I unfortunately (or maybe fortunately right now) I don’t own a house (hello, I live in CALIFORNIA where they cost 5x more than they should); 2) I’ve been studying for a few tests this week so haven’t really kept up; and 3) simply, although I’m an MBA, I don’t really understand financial markets and don’t usually like to talk about things I don’t know much about because, let’s face it…I’m blonde!

That said though, as this is so far the biggest financial crisis of the century, it is going to affect all of us if it hasn’t already. We don’t know what the short-term or long-term effects of this or any number of financial crises will be for any of us.

What I’m concerned about as an MBA student? My federal school loans; an ongoing unemployment crisis that could affect the job market when I graduate; my taxes now or when I again contribute towards a dual-income household. Beyond that, every American is struggling with debt in this recession. I mean, I do my best to control my debt, but I’m a young urban professional student who has to take on debt to get through school. I got used to living on a disposable income right out of college, bought a new car, moved cross-country to a more expensive state, spent money on a wedding, started thinking about owning vs. renting, then quit my job to go back to school, so I’m not really in a position where I can grow my savings right now.

I hope that our leaders, now and in the future, make the right decisions to guide our country out of this mess. As for me, the investment I’m banking on is my education and the belief that my fellow MBA students and I can learn the skills needed to become succesful leaders in these crucial times…