Congratulations, everyone. We’ve successfully bush wacked our way through the jungle of back to school basics with minimal casualties. (more…)
Posts Tagged ‘Student Debt’
Pay Back Time
Bill always pays his bills on time.
Fact: Paying the bills is the least enjoyable thing to do, ever. Period.
Fact: You kind of have to do it anyways.
Fact: It’s REALLY important that you do, seriously.
If you’ve ever seen Lock Stock and Two Smoking Barrels, you’ll know that not paying someone back has serious consequences. For those of us who don’t enter high stakes card games, not paying for our expenses on time can still have negative implications. If you don’t learn to be punctual with payments now, you’re screwing yourself over in the long run.
To put this into perspective, let’s look at the outcomes of some scenarios where bills are paid late:
Mortgages: (more…)
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Debt Perception (Part 2 of 3)
Here is part two of my chat with Jeremy Kroll of A. Farber & Partners. If you missed video numero uno, check it out here.
What’s in this segment:
* The most common ways people get into debt
* The steps one can take to get out of debt
* The implications of bankruptcy (and its relationship to student loans)
* The legitimacy of Credit Consolidators
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Debt Perception (Part 1 of 3)
As warned on Monday, I’m focusing my energy this week on debt. Hopefully my New York trip doesn’t put me in it and hopefully this video will keep you out of it.
I had the opportunity to talk with Jeremy “The Bulldog” Kroll of A. Farber & Partners. A. Farber deals with, in the most simple of terms, people who are having money problems and need a way to resolve them.
Originally, I was going to shorten the interview into a ten minute YouTube slot but I think that you would benefit from the extended (three part) version since there is a lot to be said about all things debt-related.
Part one deals with Student Debt [How much student debt is too much?, How to prioritize paying off loans and other expenses, How long should it take to pay off student loans?]
But wait, there’s more!
Parts two and three will be posted on Thursday and Friday respectively. Part II covers getting in and out of debt and Part III focuses of debt avoidance and budgeting.
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Debt Sucks
We will all have to deal with debt at some point in time. Sometimes we don’t even see it coming. What we need to do is be smart about it. If we can recognize that we’re in a sticky financial situation and are willing to get help, we are one step closer to being debt free.
If Alcoholics Anonymous has taught me anything, it is that the first step to recovery is admitting you have a problem.
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Fricken, Fracken, Firkin!
I can’t say that I don’t love being a student. It’s unquestionably the best time of my life but consequently the reason I don’t publicize my Facebook page to all my readers. I can tell you that even though I am 21 years old, the feeling I get when summer holidays are upon me hasn’t changed since I was 5. Yet every year I get that special envelope that seems to bring the rain down and damper my summer fun just a tad. If you haven’t already and you’re a student, I’m sure you will be receiving your special envelope any day. That special envelope is a reality check from the government and it contains a joke.
“Knock Knock”
“Who’s there?”
“The Government”
“The Government who?”
“The Government who lent you a gazillion dollars to go to school. Here’s how much you owe to date.”
It’s a bit overwhelming. However, you have to do what you have to do sometimes (my parents always tell me that). I know universities give scholarships and bursaries, but a lot of the time it isn’t enough.
Welcome to Firkin University (also known as F.U.), a fictional school that is giving away non-fictional cash. Yes, $25,000, divided equally amongst 5 people, to pay back your student debt. Contestants can already submit their 60-second videos on why they are worthy of the money and get people to vote for your video starting October 5 to October 26, 2009. If you end up in the top 25 videos, you are handed over to a panel of judges that choose the top 5 based on the creativity, content, and overall appeal of the videos. October is a long time away and should give you sufficient time to start planning your strategy to get in the top 25 contestants. I’m sure the Screw You Recession Blog Army could give you some advice, as we had to do something similar and it obviously worked out well for us. Don’t be afraid to email me or leave some comments underneath for any suggestions.
Click HERE to go to the site and get all the details on the competition by Firkin University. From my own experience, when creating your video, brag as much as you can about your achievements, bash the other contestants, and wear as little amount of clothes as possible. I’m known as the “shower guy” now from my video but I did get a job. Showing some skin definitely helps.
Just kidding, but seriously.
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