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The Degree Industry: What Is Going On With Student Loan Debt?

Posted by Jim on Dec 11th, 2013 · 15 Comments

In case you haven’t noticed the price tag for a college degree has steadily increased over the last 10-12 years. What you may not have heard on the nightly news is that lending institutions are constantly lobbying; (for the public good, of course) to raise the amount a student can borrow. To me, this seems to be a means of preying on unsuspecting and undereducated kids. Getting them to...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

The Degree Industry: What Is Going On With Student Loan Debt?

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