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The Benefits of Paying Your Student Loans Off
Today would be a great time to close your eyes for a minute and see if you can create an image in your mind of how you will feel when all your student loans are paid off. Would you have a big smile on...
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Granny Says Money is a Curse
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...
View ArticleGetting Creative About Paying Off Your Student Loans
Talk about getting creative in trying to pay your student loans off! Here is a guy who is thinking outside the box for sure. “Determined to pay off the remaining $30,000, Kasher, 23, quit his job...
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The Monthly Budget: Boring but Powerful
Living on a budget won’t make you sexy. It won’t turn you into Mr. or Ms. Personality. (Unless you are an accountant/CPA like me.) But it will help you get out of debt. And it will help you avoid the...
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Making Money and Having Money: Two Different Things
People tend to confuse the concept of making money and having money. Here is a quote from a great book The Millionaire Next Door, by Thomas J. Stanley, Ph.D., & William D. Danko, Ph.D.: “Most...
View ArticleBuying Your Next Car with Cash
I bought my first car with cash back in 1999. I can’t tell you how proud I was to finally buy a car without borrowing the money to do it. (And I still have that car today. It just crossed the 240,000...
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Grandma Has Student Loans
One of the dangers of student loans is they can easily live a long, long life. They can hang around for a lifetime if you don’t attack them aggressively in the beginning. A growing portion of the...
View ArticleSaying No to Co-Signing Student Loans
Co-signing a student loan for your child sounds innocent and noble in the beginning. But co-signing oftentimes goes terribly wrong and can ruin you financially as well as tear relationships apart. A...
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Borrowing Money to Invest: Wise or Foolish?
Lots of people drag their student loans (and other debt) out because they believe they can make more money investing their cash rather than using their cash to pay off debt. Here’s an example. My post...
View Article2013 Graduates and Their Student Loans
The Wall Street Journal Blog had an interesting post I encourage you to read. Here are a couple points they noted about student loans in America: According to figures released Thursday from the Federal...
View ArticleAre You in the Income Based Repayment Plan?
If you are in the Income Based Repayment Plan (IBR), I would like to ask you to do a little homework about your financial situation and the potential damage you might be doing to yourself in IBR. IBR...
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Two Examples of Going Blindly into Student Debt
One of the great ironies of student debt is that it is so closely tied to getting an education… yet very few people with student loans are educated about how this form of debt really works. Weird!...
View ArticleChristmas Time and Student Loan Debt: Creative Gift Giving is the Secret
Tuition.io wrote a fun, but enlightening blog post about how to deal with gift giving time when you have student loans (and maybe some really big student loans). The post is titled How to Have a Great...
View ArticleBuying Your Next Car With Cash – Part 2
Is borrowing money to buy a car smart or is it something you do only when you “have no other choice”? Everyone looks at buying cars, and having a car note, a little different. For me, the first time I...
View ArticleTake a Look at the Big Picture
This post is for you if you own or manage a business (or plan to some day). Over the years, I have learned that it’s wise a couple times each year to step back from your day-to-day role in your...
View ArticleKen Paid a Price to Become Free From His Student Loans
I love reading stories about people who paid a price to become free from their student loans. Ken Ilgunas is a guy who went to great lengths to pay his student loans off quickly. I love it. Here is a...
View ArticleAre You Investing with Borrowed Money?
One of the questions that usually comes up when talking about how fast to pay off student loans is “Well, shouldn’t I invest my money rather than pay extra on my debt? It will grow at a rate in excess...
View ArticleAn Opportunity to Help a Young Person Prepare Themselves Financially
If you are a parent, a soon-to-be-parent, or a grandparent, I encourage you to take a couple minutes to peek into the mind of a young person. Here is a very interesting article by a high school senior...
View ArticleChanging Your Family Tree
I love to hear stories of people dealing with student loans and deciding to pay them off quickly. And I really love it when they go so far as to start saving for their own children’s college… even...
View ArticleA Fun Story of a Couple Who Got Serious About Paying Off Their Student Loans
Here’s a fun story about a couple who got serious about paying their student loans off quickly. It’s a great example of being intentional about getting out of debt. Here is the essence of how this...
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