Sara Joins
James deployed
Student Loans makes it hard to imagine and have a large family
Dave Ramsey contra to culture
10 months paid off 100K
Deployment get extra $$
Choice to use blessings given
Double edge sword of interest
Meaning of interest both in terms of debt and investments
100 K real norm for debt equals 100K/month
No education
Deployed during college for 1 year
While gone, loans accumulated interest, debt ballooned
Not paying means debt growing
Initial amount taken out was 60-70K
Grew to 100K, 2 cars of ignorance
Teens don’t understand compounding interest
Federal guaranteed loan program, leads to student loan program
Scam on part of colleges
College prices skyrocketed, inflated staff and costs
2 generations poor parenting, do whatever you want, sky’s the limit, parents terribly endangering own finical future. Children believe right to get whatever want without return help. End of life woefully short of retirement. Children will not be there for the parents.
Compound interest, gross debt parent given child, destroyed with the child, never made him self-sufficient.
2 generations poor parenting, do whatever you want, sky’s the limit, parents terribly endangering own financial future. Children believe right to get whatever want without return help. End of life woefully short of retirement. Children will not be there for the parents.
Compound interest, gross debt parent given child, destroyed with the child, never made him self-sufficient.
Parents don’t understand debt, it is a tool. Love debt
Good debt vs bad debt fallacy
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