GTFIH if you had or have tons of debt

[Watcha gunna doo]

At least you can post on sherdog

 

[Lvnvmma]

This is an important watch for people in high school:

 

[Cole train]

Trade school motherfuckers

4 months left, becoming an electrician and will be making shit money(though everyone in my country makes shit so it evens out lol)

But no student debt!

 

[milenss]

What?
Wait... you have taken 300,000 $ credit for a diploma eventually?

oh MY GOD!

I thought I make bad decision sometimes.

With this kind of money where I live you can live ALL your LIFE comfortably. And not give a sheet about education.

 

[rj144]

I have 100k in students loans, but that’s grad school included. Idgaf, I’m staying with the folks and aggressively paying that off within a year and a half.

Even though I went to a very reputable grad school program fir my sector and it helped me attain my current position, I still regret it.

Sad thing was I was applying to grad programs outside the country before I decided on my current school. One particular program offered me 80% scholarship, which basically came out to 10k total for the program . The director of admissions took me out to dinner and everything telling me how motivated they were to help me build in strong network in the country. Problem was I didn’t receive the news about the % of scholarship I was going to receive until a month before the program started. Didn’t give me nearly enough time so I declined

You didn't get an almost full tuition waiver and a TA/RA for grad. school?

 

[IIIIIIII]

They need to teach finance in high school I think. Before you go through a major, you should do a calculation of your average earnings with a degree and how much it will cost to get your degree. It shouldn't have made sense to do what you did.

this is going to sound like i am giving the threadstarter a pass, and in a way i kind of am, but of course not if i'm being completely honest. the reason why, is because like you, i think this all begins in high school. to me, high schools need to stop telling kids to, "pursue their dreams". this you can be whatever you want to be mantra is bullshit, and young people are figuring it out WAY too late, when they are already in debt.

it's not wrong to pursue your dreams. but you can't pursue those dreams, before a monetary plan and foundation is set beforehand. i think younger people will be A LOT happier when they have earned a skill in a field where they can earn money, and get the basics in food, a roof over their heads, and some extra cash to enjoy life. once that's accomplished, they can utilize their free time to then pursue said dreams.

i know, because i saw my two younger brothers struggle to find employment after schooling. they each racked up thousands upon thousands of dollars in debt. it took them a good amount of time before they finally gained employment to begin paying back the debt in a real way.

as someone who used to be in a lot of debt, i can personally say, that VERY FEW THINGS are as satisfying, as in knowing YOU DON'T OWE ANYONE SHIT!

 

[Noveltymortar]

Trade school motherfuckers

4 months left, becoming an electrician and will be making shit money(though everyone in my country makes shit so it evens out lol)

But no student debt!

This is the way to go, but in the US these guys can make very nice money.

 

[GergreG]

Your debt is about the same as my mortgage. We own our car outright. Move back in with your parents dude. Set a target of pumping every spare dollar into the loan for 18 - 24 months. That should take a significant chunk out of it. Then move on with your life. It's just 2 years.

 

[IIIIIIII]

Your debt is about the same as my mortgage. We own our car outright. Move back in with your parents dude. Set a target of pumping every spare dollar into the loan for 18 - 24 months. That should take a significant chunk out of it. Then move on with your life. It's just 2 years.

Even more than my own, this is the best advice in this whole thread.

Fuck your pride. Accept the blowback, and get yourself back on track!

 

[AGGAMEMNON66]

It’s like the Inception poor people thread. A poor inside of a poor inside of a poor.



Gentlemen..

 

[GergreG]

I'd be imposing if I moved back in. The 30Kish a year that I'd save on housing isn't worth it to me. I am considering getting roommates or a cheaper place when my lease ends.

Also, I want to start doing normal people stuff. I think living at home will kill my chances at having a GF.

Haha... being 300k in debt and not being able to afford shit is a bigger barrier to getting a g/f. Your choice, your priorities I guess.

 

[Midnighter]

I'd be imposing if I moved back in. The 30Kish a year that I'd save on housing isn't worth it to me. I am considering getting roommates or a cheaper place when my lease ends.

Also, I want to start doing normal people stuff. I think living at home will kill my chances at having a GF.

You're going to be broke the rest of your life.

 

[Stranger Come Knocking]

Make sure to use your equity line once you get your house to maintain your lifestyle of hookers and cocaine.

What do you think the house is for?

 

[Cole train]

This is the way to go, but in the US these guys can make very nice money.

Im literally green from envy

In usa these guys can make 40 dollars an hour and here most make 15 to 18 euros an hour.

Fuck me

 

[Bob Sapp]

I have around $4000 in debt. I owe a few people and fkng payday loans.payday loans are the worst.

 

[NAKMUAY18]

I'd be imposing if I moved back in. The 30Kish a year that I'd save on housing isn't worth it to me. I am considering getting roommates or a cheaper place when my lease ends.

Also, I want to start doing normal people stuff. I think living at home will kill my chances at having a GF.

Buddy, you made choices that mean your not in a position to do normal people stuff. In answer to you questions,no you should not be going on vacations, and no you should not be buying a house. You spent that money, it's up to you to give it back.

Your like a fat kid that ate all the cake and now your complaining your obese. You can work it off or carry it around for the rest of your life.

Your being vague about what you actually got from your education, but hopefully it enabled you to get a $100k+ job, in which case you should be back on your feet sooner than you thought.

 

[therealdope]

as someone who used to be in a lot of debt, i can personally say, that VERY FEW THINGS are as satisfying, as in knowing YOU DON'T OWE ANYONE SHIT!

I have two pieces of advice,

1. The most satisfying thing is having the money to be able to afford just about anything and having the confidence to say, "I could buy that item but I don't need it so I won't ".

2. I've lived very cheap as a: student, grad student, athlete, and post school ski village bum working McJobs. A few years later I had a lot of money and TBH, I was/am no happier with money, than I when I was broke or had next to no income. The ability to buy a bunch of shit does not make you any happier, or create a more fulfilling life.

 

[phipps66]

This is one way to do it. Buckle down for a few years and drive a truck. I know you did say you already make good money. Maybe you're doing ok, just being impatient.

https://www.thepennyhoarder.com/make-money/career/truck-driver-pay-off-student-loans/

 

[Cid]

Not at Starbucks. I make good money, but my job is very demanding. I'm not sure how long I'll be able to put up with the hours. I could leave private sector, but I'd be making half the money.

If you make good money why are you paying 8%?

Have you held the job longer than two years?

If you've held the job longer than two years get your bank to send you a statement for however long you've had the job.

When you have the statement give the bank a ring.

Hello you've reached blah blah bank press number 1-9 for whichever you think applies until you reach a person.

You: Good morning my name is Captain who am I speaking to?

Operator: Steven

You: Hi Steven I was wondering if you could help me. I've been a customer of yours for __ years and I have quite a substantial student loan and it's really depressing me. Worst of all despite having a well paying job for ___ years I'm stuck paying 8% on that debt and I was wondering if you would be able to give me a better rate on my debt.

If they say no ask them to transfer you to someone who can and repeat the aforementioned.

Steven: Can I get your details?

You: My details are _______

Steven: We can give you ________________

You: Wow that sounds too good to be true, would you be able to send that offer to my e-mail. I want to read the fine print make sure there's no hidden catch because that sounds amazing.

If their offer is shit you at least now have something that you can take to other banks/financial institutions/whatever.


8% of 300k is 24k per annum. Say you're paying 50k a year you're still only paying off 26k. You get that interest down to 4% and you're paying off 38k per year. Big difference. By the time it's paid off it'd probably be over 100k.

 

[Cygnus A]

Student loans. And I'm not in medicine so yeah sucks.

Sounds like a poor life choice bro. That is unreal. no degree is worth that.