Many companies now help employees pay off their student loans. Is this the wave of the future?
Student loan debt has not only become more common, but the size of the average loan has nearly doubled over the past decade or so. Collectively, Americans carry more than $1.5 trillion in student loan debt.
Learn more here.
Basing your spending off how your friends spend their money is a huge mistake to make. Large spenders may also be building crippling debt.
You won’t find a real answer to how you’re doing in a Federal Reserve survey or a social media feed. You will find it by measuring yourself against rules of thumb, refined over decades and endorsed by financial pros that point the way toward true financial health.
Start with these:
Source: http://www.businessinsider.com/why-you-should-ignore-others-when-setting-personal-finance-goals
Most millionaires aren’t driving Lamborghinis and eating caviar. They’re driving reliable used cars and eating mashed potatoes and meatloaf. Millionaires aren’t wealthy because they’re lucky. They’re wealthy because they follow simple money habits year after year.
Click HERE to learn more about Dave Ramsey’s 6 Surprising Habits of Millionaires.
It’s not that I don’t want a really fancy car, it is just that there is something I want a bit more: financial freedom. Car payments are many times the #1 obstacle that causes the average family not to achieve financial stability. Spend some time thinking about your current car situation. Are your car purchases making your bank richer or you?
Here is a great read about “How Your Car Affects Your Financial Freedom.”
