Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Educated but broke: You are too smart to be this broke.

Educated but broke: You are too smart to be this broke.

Cook, John

Paperback

Business General

ISBN13: 9798691358913
Publisher: Independently Published
Published: Sep 27 2020
Pages: 116
Weight: 0.29
Height: 0.28 Width: 5.00 Depth: 8.00
Language: English
All of my friends have student loan debt. All of them. It's shocking and initially hopeless. Student loan debt has become the norm for many 20 to 40 somethings and the idea of living a life without the burden of Sallie Mae or the US Department of Education is laughable. Even talking about paying off student loan debt early triggers countless eyerolls and the all too common statements like yeah but we live in _____ (insert any metro city here) or we don't make enough money or we're waiting for the government to forgive our debt.

For a long time, John was part of this group: educated, motivated, dual-income households achieving economic success. Accomplished young professionals who drove nice (leased) cars, while living in major-city apartments or lofts where rent consumed 40% of one's post-tax income. Spending a lot but saving very little. John and his colleagues jokingly called this slice of society the educated but broke.

It wasn't well into John's early 30s, after burning through over a million dollars of lost income while accumulating $170,000 dollars of student loan debt, did he realize that he was one of them. Seeking the wisdom of mentors who've created generational wealth, John took their advice and created a plan that enabled him to pay off over $170,000 of student loan debt in 24 months. More importantly, he realized that on the path to true wealth creation, there were 8 money lessons which need to be mastered.

Educated but broke outlines both the path to student loan freedom and the 8 money lessons to true wealth creation, including:

1. Why your student loan interest is really keeping you broke

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