When unpaid student debt leads to a smaller Social Security check

[yb1]

If only he had traveled in the future and picked up Dave Ramsey's book - The Total Money Makeovrr and applied the key principles he would not be in debt.

For example Ramsey says "hey dude don't take out a loan, wait until you have the cash and than consider buying it."

"Oh but Ramsey I really want it"

"Listen Youngblood if you take out this loan your potential Return on Investment will be less than your monthly interest rates making you a slave to the debt collector, do you want to be a slave?"

"Okay I understand I'll work 2 jobs, and not have a social life, and I'll spend my money at Aldis, I will meal prep and prepare all my weekly meals. I'll be debt free, and in two years when I save up 10,000 in my emergency fund and an additional 12,000 I'll be able to go get my masters degree."

"Yes and spend your money at my seminars, and buy my next book that will repeat the same thing over again."

"Wait what is debt?"

Anyway I'm being facetious, debt and interest is a serious matter but this article has made me realize that I should probably not invest in a masters unless it's free or it's free.

Maybe I'll hit the jackpot and Stanford will call me and say hey YB1 congratulations we need you to become a teachers assistant, and will pay for your own apartment, and give you a stipend, oh and btw we will give you free access to the gym and the cafeteria 3-5 meals a day.

Oh and if that's enough to entice you let us know because we have the option of plan b. I can't disclose what plan b is but it is entirely different

- sent from phone