I love to preach and teach about the benefits of getting rid of your student loans.
It’s the path to building a strong net worth and becoming financially independent. It’s the path to having money in the bank.
But Granny says money is a curse.
Jed has $68 million in the bank and Granny says it is ruining the family, spoiling the kids, and making life in the city unbearable. She’s getting fed up with having all that money in the bank and talks Jed into giving it all away so they can be happy again (although their banker, Mr. Drysdale, is sobbing like a baby at the news).
Check out this super-funny episode of my favorite TV show of all times, the Beverly Hillbillies. http://www.youtube.com/watch?v=bAPqAfTX_-g
Then think about which scenario you are going to create for you and your family – broke (with a bunch of debt) or a nice bank account and the security and freedom that goes with it.
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