Taking on the student loan epidemic

Taking on the student loan epidemic


THAT HAVE STUDENT LOAN DEBT TO THE TUNE OF ALMOST $1.3 TRILLION. WE’VE GOT A STUDENT LOAN EPIDEMIC. IT’S A BIG DEAL. PEOPLE NEED A PATH. BECAUSE YOU CAN’T BANKRUPT SO THE WAY TO DEAL WITH IT IS TO BUDGET AND START TO LOOK AT THIS AND START TO PAY MORE THAN THE MINIMUM PAYMENTS, I PROMISE YOU’RE GOING TO MAKE PROGRESS. I’M TALKING TO PEOPLE ON MY SHOW ALL THE TIME THAT ARE PAYING DOWN STUDENT LOAN DEBT, EVEN PAYING IT OFF, I’M TALKING ABOUT BABY BOOMERS, MILLENNIALS. I HAVE SIX CHILDREN. THING TO TALK ABOUT IS EDUCATING AND THEY’RE LOOKING FOR A JOB, TRYING TO FIGURE IT OUT. IT’S HELPING THEM UNDERSTAND THE POWER OF MONEY AND WHAT IT MEANS TO HAVE DEBT. I DON’T KNOW IF YOU LOOK AT THAT MONEY. MARIA: I TOTALLY AGREE. WHAT AGE DO YOU THINK IS FOR A LOT OF YEARS. SEVEN YEARS OLD. DO KIDS START TO CARE WHEN THEY’RE IN THEIR TEENS?>>MY 7-YEAR-OLD SON SPENT $25 ON FORTNITE THE OTHER DAY. HE UNDERSTANDS WE’LL TAKE HIS iPAD AWAY AND HE WON’T BE ABLE TO PLAY THE VIDEO GAME IF HE DOES THAT AGAIN. MARIA: IF WHEN I WAS A KID, 5 YEARS OLD, I WOULD HEAR THE ICE CREAM TRUCK, I WOULD SAY CAN I GET AN ICE CREAM CONE SHE WOULD SAY YOU CAN, BUT HOW ARE YOU GOING TO PAY FOR IT? LITTLE THINGS LIKE THAT MAKE A DIFFERENCE, IS THAT RIGHT?>>YOU’RE RIGHT. FIVE, SIX AND SEVEN, HELPING YOUNG PEOPLE UNDERSTAND THE VALUE OF MONEY, THAT’S SPEND, SAVE AND GIVE. THEY WERE TAUGHT TO UNDERSTAND THEM UNDERSTAND THERE ARE WAYS TO BE ABLE TO GO TO COLLEGE, WAYS TO GET HIGHER EDUCATION WITHOUT TAKING ON STUDENT LOANS –>>ALSO, YOU DON’T HAVE TO GO TO COLLEGE. LISTEN, COLLEGE IS EXPENSE IS. YOU CAN GET SKILLS ELSEWHERE DEBT IN ORDER TO GET THE SKILLS TO HAVE A GREAT LIFESTYLE.>>YOU’RE RIGHT. THERE ARE TRADE SCHOOLS OUT THERE. THERE ARE MANY JOBS WHERE IT DOESN’T REQUIRE COLLEGE EDUCATION. GO TO COLLEGE TO MAKE A GOOD LIVING BUT IF YOU DON’T UNDERSTAND HOW TO MAKE MONEY YOU’LL BE LIVING PAYCHECK TO PAYCHECK. 78% OF PEOPLE ARE LIVING PAYCHECK TO PAYCHECK. PEOPLE ARE NEEDING TO LEARN HOW TO HANDLE MONEY. IT’S NOT A MATTER OF MAKING MORE, IT’S A MATTER OF DOING MORE WITH WHAT YOU EARN. MARIA: ALL RIGHT. WE WILL LEAVE IT THERE. VERY GOOD ADVICE, AS ALWAYS,