Here is something for the younger people I've seen here as of late

Question

This is for the older ones also, it&#x27;s never a bad thing to brush up on the basics.  But it&#x27;s sad to say, I think most older people need as much help if not more than the young ones.&#xD;&#xA; &#xD;&#xA;Live debt free

Lippsman · Answer

This is for the older ones also, it&#x27;s never a bad thing to brush up on the basics.  But it&#x27;s sad to say, I think most older people need as much help if not more than the young ones.&#xD;&#xA; &#xD;&#xA;Live debt free

DTher85 · Answer

I am 22 right now and will graduate from school with somewhere around $30,000 in student loans, I even took a little bit extra just to pay off my high interest debt (credit cards), but that was only around 1,200. I think this is a great article, and actually learned this past summer at my internship through Quicken Loans, that the best way to get yourself out of debt is to pay off all your high interest loan such as credit cards and such and just work your way down to the low interest debt such as student loans and home loans. You just need to know the difference between "good debt" & "bad debt." I am definitely one of those 74% that plans to live debt free, now I just need to make sure I stay on track to get myself debt free.
Thanks for the great find Lippsman, valuable advice in this article and a great way to save ourselves thousands of dollars from unnecessary debt.

wizdumb2003 · Answer

Excellent article thanks for sharing.

Lippsman · Answer

DTher85,  You are on the correct track, keep that house loan dead last, that&#x27;s an investment and don&#x27;t look at that student loan as $30,000.  It&#x27;s $350 a month or whatever payment it is.  I was horrible about that, I would just think about that huge number all the time.  Beating myself over the head with it.....&#xD;&#xA; &#xD;&#xA;But if it&#x27;s a really low interest rate, which I&#x27;m sure it is. Don&#x27;t really worry about it.  Hit it hard when you get older, when your earning power is greater.  Here is something for you.  As of a few years ago Supreme Court Justice Clarence Thomas was still paying back his student loans!!!!!  His response was that the interest rate was so low, he was better paying the minimum and investing the rest of his money somewhere else. &#xD;&#xA; &#xD;&#xA;Smart man....&#xD;&#xA; &#xD;&#xA;Thanks wizdumb.  Glad you enjoyed it.

Here is something for the younger people I've seen here as of late

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