Education is the key to economic success. But its expensive! That’s why financial education is important.
I just spoke with the proud father of a recent college grad. His daughter is only $128,000 in debt and she’s jobless at the moment.
“I could have bought a home for that amount of money, or a few cars…” he lamented. Not for himself, but for his daughter’s predicament. I know what Dad means… It’s more like she has gotten herself a “debt-u-cation.”
But a college education is a necessity these days. Particularly because the value of a high school education is diminishing. There is a widening income gap between those with a high school diploma and the college grads. It’s costing people who don’t go to college a chunk of their earnings potential.
Yet, without a financial education, neither of the high school or college grad has a chance of becoming financially sorted out. The lower-income earner may stay focused on staying Just Over Broke… Having a job, but never able to accumulate anything between paychecks that would help them to pay their future selves. The higher income earner is also in jeopardy without having a financial education. That grad may go more deeply in debt with outstanding student loans on top of car loans, mortgages and over all lifestyle keep them Just Over Broke.
That’s why an early financial education pays off, in the long run. The young people might not listen at home – but as part of a school program they may have a better chance of listening because they want to get a good grade.
As a champion of financial education I took my own advice and went back to school myself. I am fully licensed anhelping people become debt free and accumulate assets to protect their time, money and future.
The best news of all, is my business partner’s student loan forgiveness program. Becoming debt free is within reach and something that is worth celebrating! Contact me for further information to see if you or your child qualifies.
That’s how financial education changes lives.
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