WEBVTT - Cliff Notes: How to Beat The Student Loan Trap 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:23.320 Donald J. Trump's leadership. I'm Christy nom the United States 0:00:23.320 --> 0:00:28.120 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:00:28.160 --> 0:00:31.680 crossings are at the lowest levels ever recorded, and over 0:00:31.760 --> 0:00:34.960 one hundred thousand illegal aliens have been arrested. If you 0:00:35.040 --> 0:00:38.920 are here illegally, your next you will be fined nearly 0:00:39.000 --> 0:00:43.000 one thousand dollars a day, imprisoned, and deported. You will 0:00:43.040 --> 0:00:46.680 never return. But if you register using our CBP home 0:00:46.720 --> 0:00:50.120 app and leave now, you could be allowed to return legally. 0:00:50.479 --> 0:00:55.240 Do what's right. Leave now. Under President Trump, America's laws, 0:00:55.400 --> 0:00:57.840 border and families will be protected. 0:00:57.920 --> 0:01:00.000 Sponsored by the United States Department of Homeland Security. 0:01:00.120 --> 0:01:04.080 Student lowls is actually the second biggest debt most The 0:01:04.120 --> 0:01:06.200 biggest death for an average person is the mortgage. 0:01:06.400 --> 0:01:07.960 The second biggest debt is student. 0:01:07.720 --> 0:01:11.280 Loan one point six trillion, and it's crazy because trily. 0:01:12.640 --> 0:01:15.160 So we're giving away some money for our high school. 0:01:15.600 --> 0:01:16.800 Yes, yes we have. 0:01:17.800 --> 0:01:20.720 We're giving away scholarships to five students. We give it 0:01:20.720 --> 0:01:23.960 away just because we wanted to do something that was impactful. 0:01:24.280 --> 0:01:28.280 Let me tell a story about scholars So here's the 0:01:28.319 --> 0:01:30.039 thing we're giving it. We give it away. I'll just 0:01:30.160 --> 0:01:31.040 keep it brief. 0:01:31.400 --> 0:01:33.399 We give away. We're giving away five thousand dollars. 0:01:33.440 --> 0:01:33.600 Right. 0:01:34.280 --> 0:01:35.200 We did it last year. 0:01:36.680 --> 0:01:41.280 And to receive the money, students they had to write 0:01:41.280 --> 0:01:43.280 and you know, write an essay about why they should 0:01:43.280 --> 0:01:43.839 get the money. 0:01:44.040 --> 0:01:46.200 No, so they had to It was just like a 0:01:46.240 --> 0:01:49.120 future business plan, not even like an idea, not even 0:01:49.160 --> 0:01:51.400 a plan. I shouldn't say plan, a future business idea. 0:01:51.400 --> 0:01:52.800 What would you do with the thousand? 0:01:53.000 --> 0:01:55.480 It was relatively easy, simple, Yeah. 0:01:55.640 --> 0:01:59.160 How many essays do you think? We are? Four? How many? 0:01:59.320 --> 0:01:59.520 Four? 0:02:00.920 --> 0:02:02.480 You overshot it by fifty percent. 0:02:03.280 --> 0:02:05.360 Wow, there was only chat GPT back then. 0:02:06.520 --> 0:02:08.760 So I don't think it was that many that we 0:02:08.800 --> 0:02:12.640 got two too, We got two two, So we upted 0:02:12.720 --> 0:02:15.000 this year. We said, look we're gonna do it. We're 0:02:15.000 --> 0:02:18.400 gonna open it up for five students. Five students to date, 0:02:18.480 --> 0:02:20.040 how many think essays you think. 0:02:19.880 --> 0:02:24.200 We got I've been on due lingo setto man, I. 0:02:24.160 --> 0:02:26.160 Have not got one yet, haven't got one. Here's the 0:02:26.160 --> 0:02:27.640 crazy thing about it. All you gotta do is right 0:02:27.680 --> 0:02:28.120 to stay. 0:02:28.120 --> 0:02:30.720 You gotta get money and the GPT one of two 0:02:30.760 --> 0:02:32.560 things that it's not happening. 0:02:32.840 --> 0:02:35.639 Maybe it's not marketing correctly. That could be our fault. 0:02:35.720 --> 0:02:37.360 Possibly, or. 0:02:39.080 --> 0:02:44.720 It's just a complete lack of motivation for and this 0:02:44.880 --> 0:02:46.520 is like, this goes back to the dead thing. I 0:02:46.520 --> 0:02:48.440 would rather just take out student long because I don't 0:02:48.440 --> 0:02:51.480 have to do anything, pull out some paperwork, take out so long. 0:02:51.840 --> 0:02:53.560 I got to actually sit down and write an essay 0:02:54.000 --> 0:02:55.079 four thousand dollars. 0:02:56.520 --> 0:02:59.120 I mean there's there's negligence, right, there's negligence from the 0:02:59.120 --> 0:03:02.520 student part. There's next legits from an administrative part as well. Right, 0:03:02.560 --> 0:03:04.600 so the kid if the kids don't know about it, 0:03:05.200 --> 0:03:07.799 then they won't know to do it. That's one part 0:03:07.800 --> 0:03:09.480 of it, right. But there are kids who do know 0:03:09.520 --> 0:03:11.400 about it and are choosing not to do it, and 0:03:11.680 --> 0:03:13.960 there's parents who know about it and are doing nothing. 0:03:14.000 --> 0:03:15.720 Well, you have not received one essay yet. 0:03:15.800 --> 0:03:18.000 Yeah, and that's just for our high school, Woodlands High 0:03:18.000 --> 0:03:21.000 School here and was in Heartsdale, New York, Henry. But 0:03:21.000 --> 0:03:22.760 I'm saying because people are like, how do I get 0:03:22.760 --> 0:03:24.480 the thousand? It was for our high school. So if 0:03:24.520 --> 0:03:27.160 you're a senior at Woodlands High School, right, if you're 0:03:27.160 --> 0:03:29.240 in Greenberg, you're in Haartsteale and you go to Woodlands 0:03:29.280 --> 0:03:30.480 and your senior this is for you. 0:03:31.520 --> 0:03:36.200 But like I said, this goes back to a wider issue. 0:03:37.200 --> 0:03:39.400 What's the point. What's the point? 0:03:39.560 --> 0:03:44.200 What's the point of what writing an essay when I 0:03:44.200 --> 0:03:48.880 could just borrow money. It's a mentality that we've been 0:03:49.160 --> 0:03:51.880 ingrained to think to do the least amount of power. 0:03:52.040 --> 0:03:54.160 We want to do the least amount and get the most. 0:03:54.280 --> 0:03:56.320 Okay, Now, if we can be honest, who put that 0:03:56.400 --> 0:03:58.240 into our society? Because we have to have a bigger 0:03:58.280 --> 0:04:00.200 and I keep trying to have the conversation. I don't 0:04:00.200 --> 0:04:02.480 want to run any relationships. We have to go to 0:04:02.480 --> 0:04:04.600 the top of the banks and with the venture capital first, 0:04:05.080 --> 0:04:05.960 cool pushing. 0:04:05.640 --> 0:04:08.440 This it's a business first. 0:04:08.520 --> 0:04:10.160 Yeah, I mean but no, no, for sure. 0:04:10.200 --> 0:04:13.640 But I'm just saying it's just the mentality that we 0:04:13.760 --> 0:04:17.200 have been ingrained and to do the least to get 0:04:17.240 --> 0:04:17.640 the most. 0:04:17.839 --> 0:04:19.839 We want to do the least amount to get. 0:04:19.720 --> 0:04:22.640 The most partly true right, because there's people and I've 0:04:22.680 --> 0:04:24.360 been in that boat right where it was like my 0:04:24.400 --> 0:04:26.800 parents were I guess we were middle class, and it 0:04:26.880 --> 0:04:28.080 was like you got to fill out you can't even 0:04:28.080 --> 0:04:30.080 get studlon. You gotta fill out financial aid first, and 0:04:30.080 --> 0:04:31.840 then you don't qualify financial aid if you make a 0:04:31.839 --> 0:04:34.000 certain amount, and then you got to get student loan 0:04:34.040 --> 0:04:35.600 because you can't get it right. So if my parents 0:04:35.640 --> 0:04:38.280 in middle class, we're not getting any financial aid right. 0:04:38.320 --> 0:04:40.040 So like I remember I got to check for thirty 0:04:40.040 --> 0:04:42.240 six dollars for financial aid? What am I doing with that? 0:04:42.320 --> 0:04:44.720 So now it's like if my parents don't have it 0:04:44.839 --> 0:04:45.640 and I don't have it. 0:04:46.600 --> 0:04:50.080 Here's the thing, here's the thing. Here's a novel. 0:04:49.920 --> 0:04:56.280 Idea is this is the harsh reality of life. If 0:04:56.279 --> 0:05:01.640 you can't afford to buy something, don't by it. That 0:05:01.680 --> 0:05:06.480 includes college, that includes college, that includes college. This is 0:05:06.520 --> 0:05:08.000 something that I'm probably gonna get a lot of pushback 0:05:08.040 --> 0:05:11.160 here when you get a rebuttals, I'm gonna get a 0:05:11.160 --> 0:05:14.200 lot of pushback for I'm not saying don't go to college. 0:05:14.279 --> 0:05:16.920 I'm saying go to where you can afford. Everybody can 0:05:16.920 --> 0:05:22.320 afford community college that's almost free. Now, that's almost free. 0:05:22.520 --> 0:05:27.159 So my thing is this, right, instead of you trying 0:05:27.200 --> 0:05:29.719 to take out a bunch of student loan to go 0:05:29.760 --> 0:05:33.119 to out of state school, whether it's the HBCU school, 0:05:33.120 --> 0:05:37.920 whether it's whatever. If you, if you financially can't afford 0:05:37.920 --> 0:05:40.320 to go to school, and your parents know that, why 0:05:40.360 --> 0:05:43.600 don't you encourage your kid or tell your kid, Look, 0:05:43.760 --> 0:05:48.520 you go to junior college for two years, right, which essentially, 0:05:49.000 --> 0:05:50.760 even if you have to work part time. 0:05:50.640 --> 0:05:52.560 You could pay for junior college. It's very affordable. 0:05:53.760 --> 0:05:56.479 So now you get to you get to have an 0:05:56.520 --> 0:06:01.120 associate's degree right under your belt, and if you do 0:06:01.360 --> 0:06:05.960 well enough, now you can potentially get a scholarship based 0:06:06.000 --> 0:06:08.960 off of past performance. Or even if you have to pay, 0:06:09.080 --> 0:06:10.760 you can still go to a state school to finish 0:06:10.839 --> 0:06:13.560 out your bachelor's degree. But paying for two years is 0:06:13.600 --> 0:06:15.719 a lot more beneficial for paying for four years. Right, 0:06:16.400 --> 0:06:21.840 That's something that would substantially decrease the student loan crisis 0:06:21.880 --> 0:06:26.440 in this country. So some self accountability. 0:06:25.720 --> 0:06:27.880 Has to be a guy's advocate real quick. 0:06:28.040 --> 0:06:31.440 It definitely decreased the student loone crisis for sure. 0:06:32.120 --> 0:06:36.520 Well sure, if master's degrees are not affording people to 0:06:36.680 --> 0:06:41.479 live or get a wage that is fair, that is 0:06:41.480 --> 0:06:43.240 commensurate to what they've invested. 0:06:44.040 --> 0:06:47.000 Then how is getting an associated degree better person? 0:06:47.360 --> 0:06:51.040 Well, that's not what master's degrees are. What master's degree 0:06:51.040 --> 0:06:54.320 you're getting is the key. So this goes back to 0:06:54.360 --> 0:06:59.280 another situation as far as education, what are you majoring in? 0:07:00.160 --> 0:07:02.039 Right, So we know that. 0:07:03.640 --> 0:07:09.080 Social sciences, communications a lot of these degrees. 0:07:09.360 --> 0:07:10.480 Doesn't matter if you have a. 0:07:10.560 --> 0:07:14.800 Doctorate degree, you're still facing an uphill battle. But just 0:07:14.800 --> 0:07:17.200 put it on Instagram a few days ago. The top 0:07:17.360 --> 0:07:21.440 ten professions as far as how much you get paid 0:07:21.440 --> 0:07:26.320 are all medical professions. So medical profession stim is still 0:07:26.320 --> 0:07:31.960 making money in medical field, architecture. If you're going to 0:07:31.960 --> 0:07:33.720 be a doctor, if you're going to be a lawyer, 0:07:33.880 --> 0:07:36.040 there's still a higher You still are going to outpace 0:07:36.080 --> 0:07:37.920 the average American as far as amount of money that 0:07:37.960 --> 0:07:41.840 you're going to make. So it's not necessarily that master's 0:07:41.920 --> 0:07:44.760 degree is not earning money. It's what kind of master's 0:07:44.880 --> 0:07:47.280 degree that you have that's not earning money. If you 0:07:47.280 --> 0:07:51.080 have a master's degree in sociology, it's going to still 0:07:51.080 --> 0:07:52.840 be difficult for you, be honest. 0:07:53.160 --> 0:07:54.880 Even though it's in the medical field that they also 0:07:54.960 --> 0:07:56.840 have the highest debt burden as well. 0:07:57.080 --> 0:07:59.120 Yeah, they have the highest and the amount of time 0:07:59.120 --> 0:08:00.760 that it takes to achieved that well, I'm just. 0:08:00.840 --> 0:08:04.160 Using that as an example. So there are when you 0:08:04.280 --> 0:08:06.200 have to think of, Okay, what's going to put me 0:08:06.200 --> 0:08:09.160 in a best situation possible to make money? 0:08:09.440 --> 0:08:11.040 If it's all about mitigating risk. 0:08:11.480 --> 0:08:13.600 If you want to go to college, but you don't 0:08:13.640 --> 0:08:14.760 have to go to college, but if you want to 0:08:14.800 --> 0:08:17.400 go to college, there's no guarantee that you're going to 0:08:17.440 --> 0:08:20.160 be successful either way, but you put yourself in the 0:08:20.160 --> 0:08:23.040 best position as possible. The best position is to make 0:08:23.040 --> 0:08:26.920 sure that you have as least debt as possible, right, 0:08:27.320 --> 0:08:30.200 and then you're in a better place. It's still not 0:08:30.240 --> 0:08:32.200 a guarantee that you're gonna win, but you're in a 0:08:32.240 --> 0:08:34.800 better place as opposed to just winging it and just 0:08:34.800 --> 0:08:37.839 getting eighty thousand dollars a debt off the rip and 0:08:37.880 --> 0:08:39.800 now you're in a worst place. 0:08:40.200 --> 0:08:42.600 But that goes back to and that's now we can 0:08:42.640 --> 0:08:44.480 speak of it now, right, And that was pretty much 0:08:44.480 --> 0:08:46.360 my strategy was like, look, I'm gonna stay close to 0:08:46.400 --> 0:08:48.240 home and find the most affordable school. I'm gonna try 0:08:48.240 --> 0:08:50.320 to have at least debt that is going to put 0:08:50.360 --> 0:08:51.880 on my parents, which is eventually going to turn on 0:08:51.880 --> 0:08:53.520 me because they're going to be co signers. So that 0:08:54.000 --> 0:08:57.439 was the plan. The difference now is that, well then 0:08:57.600 --> 0:08:59.400 was that there wasn't any education behind it. So like 0:08:59.440 --> 0:09:01.160 when you have the first person that's going to school 0:09:01.280 --> 0:09:04.040 and this is the American dream, right like all you 0:09:04.200 --> 0:09:07.599 especially like first generation kids, it's like you've got to 0:09:07.640 --> 0:09:09.840 go to college because that's how you're going to be successful. 0:09:10.080 --> 0:09:12.160 But it all comes down to it is it is money, right, 0:09:12.200 --> 0:09:15.120 Like you got to think about the return on the investment. 0:09:15.200 --> 0:09:17.680 So if I'm going here, I have to finish. Most 0:09:17.760 --> 0:09:19.480 kids go and they're like, I don't want to do 0:09:19.520 --> 0:09:21.680 this anymore. But at that point you're already in debt. 0:09:21.720 --> 0:09:23.960 You almost have to finish. I spoke to Assuming the 0:09:23.960 --> 0:09:26.360 other day, she's studying in PT She's like, I don't 0:09:26.360 --> 0:09:28.280 even want to do this anymore. Well, you're five years in. 0:09:28.559 --> 0:09:31.640 Guess what you gotta have to finish to finish because 0:09:31.679 --> 0:09:34.960 if you don't, you can't afford to start over. And 0:09:35.000 --> 0:09:36.840 if you do, you're going to start at a base 0:09:36.880 --> 0:09:38.640 out that's going to at least provide you with a 0:09:38.679 --> 0:09:41.280 salary in some profession, and so we got to it. 0:09:42.400 --> 0:09:44.240 I'll say this, right, because I went to school, I 0:09:44.280 --> 0:09:47.280 was educated. I'd be as kind as possible. Right. If 0:09:47.360 --> 0:09:50.400 money is the root of the decision, then we have 0:09:50.480 --> 0:09:52.839 to find different ways to get to the money. Whether 0:09:53.000 --> 0:09:55.520 it's finding a trade, whether it's finding a skill. Some 0:09:55.600 --> 0:09:56.920 of these professions you have to go through. 0:09:57.040 --> 0:09:58.959 So what do you mean if money's have ordered the decision? 0:09:59.160 --> 0:10:00.760 So why we want going to college? 0:10:01.040 --> 0:10:03.360 Because I want to make more money? That's the move 0:10:03.360 --> 0:10:05.319 of it, right, but not uncertain? 0:10:05.440 --> 0:10:08.480 Well, then why are we going ninety I would say 0:10:08.520 --> 0:10:09.600 more than ninety percent? Right? 0:10:09.640 --> 0:10:10.319 If I didn't have. 0:10:10.280 --> 0:10:12.600 To go, that's black It's one hundred percent yes. 0:10:12.480 --> 0:10:14.080 Right right, it was like, Yo, that's the way to 0:10:14.360 --> 0:10:18.839 at a quote unquote, accumulate wealth or be successful quote unquote. Right, 0:10:18.920 --> 0:10:20.760 if I didn't have to go, if there was another route, 0:10:20.760 --> 0:10:24.520 if there was an earlier leisure in two thousand and six, bro, 0:10:24.640 --> 0:10:26.199 I might not be going to grad school. 0:10:26.240 --> 0:10:27.360 So you know what I'm saying. 0:10:27.440 --> 0:10:30.600 So like the education and the resources have changed, I think, hold, 0:10:30.640 --> 0:10:33.600 let me finish where where people can make wiser decisions, 0:10:33.600 --> 0:10:35.440 so that traggy you're talking about, like, yes, go to 0:10:35.440 --> 0:10:39.440 community college, to your school, find another affordable school. But 0:10:39.679 --> 0:10:42.160 even after you find that associate's degree, you still may 0:10:42.160 --> 0:10:44.880 not have or be in a position where your parents 0:10:44.920 --> 0:10:46.480 can afford it. So you're still going to be in 0:10:46.520 --> 0:10:50.199 some form of debt. You want to mitigate it as right. 0:10:50.200 --> 0:10:52.240 You want to mitigate the risk as much as possible, 0:10:52.400 --> 0:10:54.600 But there's still going to be a certain amount of 0:10:54.600 --> 0:10:56.640 debt that's going to be accumulated. It's just about how 0:10:56.720 --> 0:10:59.480 much you're going to accumulate. But you're doing that because 0:10:59.480 --> 0:11:02.720 you want to you again, make money. It's like when 0:11:03.200 --> 0:11:05.240 I'm a teacher, in order for me to make more money, 0:11:05.280 --> 0:11:07.040 I got to go back to school to get more credits. 0:11:07.440 --> 0:11:10.880 Well I'm not even learning anything. Earners, what's up. You 0:11:10.880 --> 0:11:13.800 ever walk into a small business and everything just works, 0:11:14.160 --> 0:11:17.440 Like the checkout is fast, the receipts are digital, tipping 0:11:17.679 --> 0:11:20.160 is a breeze, and you're out the door before the 0:11:20.160 --> 0:11:24.560 line even builds. 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Don't wait, don't hesitate. 0:12:11.160 --> 0:12:13.560 Let's Square handle the back end so you can keep 0:12:13.559 --> 0:12:19.679 pushing your vision forward. This episode is brought to you 0:12:19.679 --> 0:12:21.960 by P and C Bank. A lot of people think 0:12:22.040 --> 0:12:25.920 podcasts about work are boring, and sure, they definitely can be, 0:12:26.400 --> 0:12:29.680 but understanding of professionals routine shows us how they achieve 0:12:29.720 --> 0:12:33.960 their success little by little, day after day. It's like 0:12:34.000 --> 0:12:36.800 banking with P and C Bank. It might seem boring 0:12:36.840 --> 0:12:39.720 to save, plan and make calculated decisions with your bank, 0:12:40.120 --> 0:12:42.600 but keeping your money boring is what helps you live 0:12:42.679 --> 0:12:46.719 a more happily fulfilled life. P and C Bank Brilliantly 0:12:46.800 --> 0:12:51.360 Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty 0:12:51.400 --> 0:12:54.680 five is a service mark of the PNC Financial Service Group, Inc. 0:12:55.120 --> 0:12:58.520 P and C Bank National Association Member FDIC. 0:13:00.280 --> 0:13:03.959 An illegal alien from Guatemala charged with raping a child 0:13:04.000 --> 0:13:07.800 in Massachusetts. An MS thirteen gang member from Al Salvador 0:13:08.040 --> 0:13:12.160 accused of murdering a Texas. Man of Venezuelan charged with 0:13:12.240 --> 0:13:16.120 filming and selling child pornography in Michigan. These are just 0:13:16.240 --> 0:13:20.000 some of the heinous migrant criminals caught because of President 0:13:20.040 --> 0:13:23.560 Donald J. Trump's leadership. I'm Christy nom the United States 0:13:23.640 --> 0:13:28.400 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:13:28.440 --> 0:13:32.000 crossings are at the lowest levels ever recorded, and over 0:13:32.080 --> 0:13:35.280 one hundred thousand illegal aliens have been arrested. If you 0:13:35.360 --> 0:13:39.199 are here illegally, your next you will be fined nearly 0:13:39.280 --> 0:13:43.320 one thousand dollars a day, imprisoned, and deported. You will 0:13:43.360 --> 0:13:47.000 never return. But if you register using our CBP home 0:13:47.040 --> 0:13:50.400 app and leave now, you could be allowed to return legally. 0:13:50.760 --> 0:13:55.560 Do what's right. Leave now. Under President Trump, America's laws, 0:13:55.679 --> 0:13:58.160 border and families will be protected. 0:13:58.240 --> 0:14:00.319 Sponsored by the United States Department of Homesity. 0:14:00.640 --> 0:14:02.360 I'm just going to get credit so I can make 0:14:02.400 --> 0:14:05.319 more money. If the goal is to learn, then there 0:14:05.320 --> 0:14:07.920 has to be a different incentive. Right If people are 0:14:07.960 --> 0:14:10.520 plus thirty or the plus sixty, or they have their doctorate, 0:14:10.880 --> 0:14:13.640 they're doing that. That in that perfect especially in education, 0:14:13.720 --> 0:14:15.600 because they're like, that's where the highest salary is at. 0:14:16.200 --> 0:14:18.360 There's the thing. There's alternatives. 0:14:19.320 --> 0:14:20.880 And I don't want to harp on this situation for 0:14:20.920 --> 0:14:26.000 too long, but it's important when you are in the 0:14:26.040 --> 0:14:30.040 pursuit of education. As far as a degree from college, 0:14:31.080 --> 0:14:34.200 there's ways to go about it that might take longer, 0:14:34.640 --> 0:14:37.600 that might not be as glamorous, but can eliminate a 0:14:37.600 --> 0:14:40.960 lot of debt. You can work while you're going to school. 0:14:41.400 --> 0:14:43.880 You can stay home, you can go to community college. 0:14:44.080 --> 0:14:46.320 You can take six years to get a four year degree. 0:14:46.760 --> 0:14:49.320 These are things that you can that you can do. 0:14:49.880 --> 0:14:52.840 Right, So I like to all those except the six year. 0:14:53.520 --> 0:14:56.240 Why Because when I'm saying six years, I mean you're 0:14:56.280 --> 0:14:59.960 taking you're taking time you might not have all day. 0:15:00.000 --> 0:15:02.640 My mom worked while she went to school, right, so 0:15:02.680 --> 0:15:05.280 she didn't have the like I didn't. I just went 0:15:05.320 --> 0:15:09.400 to school, so she didn't have the option to go 0:15:09.480 --> 0:15:13.160 to school from ten o'clock in the morning to four o'clock. 0:15:13.000 --> 0:15:14.360 She might have had two hours. 0:15:14.520 --> 0:15:17.320 Right, So I'm saying like, instead of twelve thirteen credits, 0:15:17.320 --> 0:15:18.960 you might just take six credits a semester. 0:15:19.600 --> 0:15:22.080 That's why I'm saying six years. And here's my opposition 0:15:22.120 --> 0:15:24.160 to it, because I am that person. Right, Like, I 0:15:24.240 --> 0:15:26.760 worked and I went to school, and what happened when 0:15:26.760 --> 0:15:29.200 I was trying to get into the workforce. It was like, 0:15:29.240 --> 0:15:30.840 all right, the people that I had been in school 0:15:30.840 --> 0:15:33.040 with are now they have two more years of experiences 0:15:33.480 --> 0:15:36.480 than I have. Yes, I now fall behind that class 0:15:36.520 --> 0:15:39.440 that I started with because their experience level is higher. Right, 0:15:39.520 --> 0:15:41.800 I'm spacing it out because yeah, I don't have the time. 0:15:41.840 --> 0:15:43.640 I have to go to school on Saturday. I'm going 0:15:43.680 --> 0:15:46.480 to school at night, as opposed to somebody who's taking 0:15:46.480 --> 0:15:49.440 eighteen credits in the semester. It's different. But what it 0:15:49.480 --> 0:15:51.760 does again, because when we're in the workfield, there is 0:15:51.800 --> 0:15:55.200 no age limit. You're competing against everybody, and so every 0:15:55.360 --> 0:15:59.560 year that I'm going to school, salary is increasing, I'm 0:15:59.560 --> 0:16:01.360 having less experience. It takes away from that. 0:16:01.480 --> 0:16:03.480 I'm just stay from a person and in the interview processes, 0:16:03.520 --> 0:16:06.280 the employee take you six years to graduate. 0:16:06.480 --> 0:16:08.360 I don't think it really doesn't necessarily not nobody's ever 0:16:08.400 --> 0:16:09.960 asked why to take six years to graduate, because as 0:16:10.000 --> 0:16:11.680 long as you have a degree, that you have a degree. 0:16:12.160 --> 0:16:13.800 But my thing is this, I don't know. 0:16:14.920 --> 0:16:18.280 Regardless, go ahead, like I said, I don't want to 0:16:18.280 --> 0:16:19.760 spend too much time on this because we could go 0:16:19.840 --> 0:16:24.120 all episode on this. But make smart decisions. Try to 0:16:24.160 --> 0:16:27.440 lower your debt if possible. Student loan debt is one 0:16:27.600 --> 0:16:31.040 is the second biggest debt to any Americans, so this 0:16:31.120 --> 0:16:33.880 is a very important thing. And mortgages is the most 0:16:34.040 --> 0:16:36.840 is the biggest debt. So even with the mortgages, try 0:16:36.840 --> 0:16:38.960 to go about it the correct way. Try to buy 0:16:39.000 --> 0:16:45.200 homes that you can afford, house hack, multifamily. Don't put 0:16:45.240 --> 0:16:48.800 yourself in a tremendous financial hardship just to live somewhere, 0:16:48.960 --> 0:16:51.680 because that's not beneficial either for you just to be 0:16:51.720 --> 0:16:53.880 working just to pay a mortgage and property taxes. 0:16:54.080 --> 0:16:58.320 That's not a recipe for financial freedom. Down line as well, due. 0:16:58.200 --> 0:17:00.400 To snowball method, if you're trying to get of your 0:17:00.400 --> 0:17:03.840 credit card debt, that is when you're paying if you 0:17:03.880 --> 0:17:06.920 have multiple credit cards, You're paying a higher amount on 0:17:07.160 --> 0:17:10.080 the larger credit cards until you pay the larger credit card. 0:17:10.200 --> 0:17:13.000 Often then you use that money to the second largest 0:17:13.040 --> 0:17:14.840 and then kind of work your way backwards from there. 0:17:15.080 --> 0:17:17.720 That's beneficial way to kind of go about it. Definitely 0:17:17.800 --> 0:17:21.720 call your credit card, you know, to try to negotiate. 0:17:22.200 --> 0:17:26.119 That is something that you can potentially do. You know, 0:17:26.240 --> 0:17:29.320 be wise with your decisions which you're spending, just you know, 0:17:29.520 --> 0:17:31.000 you just got to be you just got to think 0:17:31.600 --> 0:17:35.159 Auto loans definitely, look at, you know, different options before 0:17:35.200 --> 0:17:37.760 purchasing a car. Look at the difference between if you 0:17:37.880 --> 0:17:40.960 lease a car and if you buy a car, Look 0:17:40.960 --> 0:17:43.800 at used cars, look at different things that go into 0:17:43.800 --> 0:17:47.000 play here before you just make a decision. Because sometimes 0:17:47.040 --> 0:17:48.760 you make a decision, you think you're doing the right thing, 0:17:49.280 --> 0:17:52.359 and you're putting yourself in tremidous debt. So seventeen trillion 0:17:52.400 --> 0:17:56.680 dollars of debt for Americans is something that's concerning, and 0:17:57.240 --> 0:17:59.600 I think that everybody should look at their own personal 0:17:59.640 --> 0:18:03.040 situation and reevaluate it and see how they can do better. 0:18:03.440 --> 0:18:05.800 All a great My only final take that I want 0:18:05.840 --> 0:18:07.639 to put on this is that three of the biggest 0:18:07.640 --> 0:18:11.440 products in the banking system are mortgages, student loans. 0:18:11.000 --> 0:18:12.080 And overdraft fees. 0:18:12.680 --> 0:18:14.080 I don't want it to come off as if we're 0:18:14.080 --> 0:18:16.240 blaming the people, because if they are profitent off of 0:18:16.280 --> 0:18:20.679 the seventeen trillion, at what point where we put pressure 0:18:20.680 --> 0:18:24.080 on Wells Fargo, Bank of America, JP Morgan, who I 0:18:24.119 --> 0:18:28.000 have a relationship with, and other banks and institute. That's 0:18:28.080 --> 0:18:29.639 part of the reason, like why some of these regional 0:18:29.640 --> 0:18:32.720 banks are falling apart as well, Like it's not the 0:18:32.800 --> 0:18:35.080 people that put themselves. Even in two thousand and seven, 0:18:35.400 --> 0:18:37.960 people got blamed for doing bad mortgages, but they never 0:18:38.000 --> 0:18:41.240 talked about the derivatives trading that Wall Street did off 0:18:41.320 --> 0:18:41.880 the loans. 0:18:42.119 --> 0:18:44.240 It wasn't the consumers that crashed the market. 0:18:44.680 --> 0:18:48.159 It was all the shitty trading from and swaps and 0:18:48.200 --> 0:18:50.520 derivatives that they were doing on the assets and then 0:18:50.720 --> 0:18:53.879 lying about the ratings of those. So at some point 0:18:54.119 --> 0:18:57.480 we have to have a larger conversation around banking doing 0:18:57.480 --> 0:18:59.639 the right thing. And a part of our desire to 0:18:59.680 --> 0:19:04.840 expand and rapidly is causing our corrosion as well, because 0:19:04.840 --> 0:19:08.880 you can't expand without printing more money at scale and 0:19:08.920 --> 0:19:12.320 going back to tech, like even Apple, Apple as a 0:19:12.400 --> 0:19:15.199 company is worth more than all of the Russer two thousand. 0:19:15.400 --> 0:19:17.760 You guys know, I love Apple, but that's the biggest 0:19:17.800 --> 0:19:21.080 sign of a bubble. How can one stock be bigger 0:19:21.119 --> 0:19:24.720 than a fucking in depth because majority of the other 0:19:24.760 --> 0:19:26.959 companies in the Ruster two thousand small cap are not 0:19:27.040 --> 0:19:29.679 worth what they were valued at. Most of the venture 0:19:29.720 --> 0:19:31.840 companies that have got back in the last two years 0:19:31.880 --> 0:19:34.280 are underwater. So if they were valued two years ago 0:19:34.600 --> 0:19:37.280