I Hate These Things!
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- Опубликовано: 2 июл 2024
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It's amazing what you do *Dale Valskov* We need a lot of people with your skills and set who have good intentions and spread love
*Dale Valskov* has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that's fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen's next raise as I also look at their new partnership with Kenzo Ventures
We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some *Dale Valskov* Thanks for keeping us informed during this times of doubt?
No we haven't
SCAMMERS 😂😂😂😂 . I ask that anytime anybody sees stuff like this asking for info to contact somebody just put a simple "SCAMMERS " in the thread. All threads.
As a person and professional you couldn't get any better than *Dale Valskov* he is a very reliable person and an excellent professional in the IT field. He is the type of person you want to work that's passionate, hardworking and knowledgeable. You’re The Best 100%
Thank you! Your videos provide daily solace as I watch them during market highs and lows. Handling the prevailing market unpredictability is undoubtedly tough! With substantial selling forces in play, expecting more instability prior to a possible downfall is a tangible concern. The examination into the historical data for October and the meticulous scrutiny of particular market levels prove to be priceless. Paying attention to these factors can drastically alter the course for making knowledgeable investment choices in this era of uncertainty. My personal experience with *Dale Valskov* has been overwhelmingly positive, enabling me to gather 23 bitcoins in a brief seven-week period of day trading, underscoring its immense proficiency.
I wish parents would stop making stupid decisions, while blaming it on their child’s future success.
Yep!
If it makes sense. I’m co-signing and taking out loans all day, every day
@reese85 most of the time taking loans for school is dumb. You go to a too expensive school and goof off. I get a loan for a house but that's about it. The interest us BANANAS on these dumb school loans. That's the big problem with them
@@tduck828 I agree and that’s why I said if it makes sense. I kno and meet too many ppl with bachelors and masters degrees that make little to no money in whatever field they went to school in and it’s sad. Cuz I never really went to college. I did a few semesters in community college and said it wasn’t for me but I make just as much or double. What ppl make with degrees
We've lost sight of one key parenting fact: being a parent DOES NOT EQUAL being a friend. Far too many parents today want to be friends with their kids. Perhaps it's a lack of self-esteem on the part of the parent, but the result is a WEAKER long-term relationship.
Parents don't need friends
Parents need to say “no.” If your savings plus the student‘s financial aid and scholarships don’t cover the cost, they have no business attending.
The efficiency of this *Dale Valskov* is next level. To juggle walk throughs of various angles on the topic delivered to-camera, differnet content per topic from various folks underneath the umbrella of the track list of the larger big band concert itself is engaging and refined. To make a dense taccess like this so digestible is really something. Awesome work !!
My heart goes to the entire community for *Dale Valskov* building up something even my grandpa can understand. This is so smart by them to launch it to shatter the doubts and fears of the common folk which is not even correct to begin with. Everyone knows the state of inflation and recession now and the way out is already in progress. Now it's just about catching the big fish
I went to a community college for 2 years before transferring to a major university, and you know what, my undergraduate degree is from the major university with no mention of the 2 years at community college. Ultimately, it saved me money, and I earned the same degree that my classmates earned, spending all 4 years at the university.
There are ways to attend college on the cheap or cheaper, but you have to look at college as an institution of higher learning and not an experience.
College was ONLY a way for me to enter my chosen professional field and NOT an "experience."
California provides 2 years of community college free so it’s a no brainer for our family.
What I did also....graduated in 03 with no debt at all. I lived at home at time...meanwhile my cousins daughter is partying it up at a Big 10 school and has like a 3k+ a month apartment with some other girls 🙄 Like to see my daughter be pretty much done with her AA degree while in HS...some kids are able to do that...saves alot also.
Heyy, If you don't mind saying, may I know what your chosen professional field is? You just got me curious.
@@kosarajubhanusri Accounting and finance! And you are not permitted to sit for the CPA exam without meeting the requirements to include a college degree with specific credits in accounting courses.
@@kosarajubhanusri There is a lot of anger and frustration at college right now and I get it, it is expensive. But like it or not, there are various fields where you cannot practice in without earning a college degree. Lawyer, Doctor, Register Nurse, CPA, and the list goes on. To sit for the exams and earn those licenses, you must first earn a college degree. Look at being a personal trainer or real estate agent. All you need to do is take a test and pass it. Sure, you can make good money in those professions, so more power to those folks. But some fields require college, and some employers will not even consider you without college. Try submitting your resume to KPMG, Disney, Amazon Corporate, etc. to work in their accounting department with only experience but no college degree. Your resume will end up in the trash.
I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on *Dale Valskov* and a 15x on polygon are fair considering how much those two coins are interwov
College is a lot like a car. People go not knowing what they want, and they pick out something they can’t afford. Community college and then the local university is nice and cheap. And freakin cash flow your school!
That's exactly right. And now you can take dual enrollment classes in high school and finish your associates for free. Why more people don't do this is unfathomable to me.
Can't deny the fact that *Dale Valskov* is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
I was one of those people that didn't care about a credit score, didn't get enough education about how important your credit score is, how it works, and I racked up debt like an idiot. I worked really hard, educated myself and needed a CFA, Abby Joseph Cohen's guidance with lnvestments before I was able to bring my credit score from 480 to 732 and I'm still going up. Yet I can't help to think that the lack of proper financial education in public education system was partly the cause of my misfortunes in the first place
From being financially empty-handed to dedicating months of hard work delivering for Uber eats, I managed to accumulate approximately $20k, which I then invested with Tracy Britt Cool. Currently, my investment has grown to $128k, and I couldn't be more delighted that you've brought her up in this conversation.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Abby Joseph Cohen. I am at $128k right now and LOVING that you have to bring this up here
I know this FA, Abby Joseph Cohen Services but only by her reputation of being a former employee at Goldman Sachs; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
@@CartmellBuri
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
This thread has been enlightening so far, some piece of Info I could use👍
I didn't graduate from high school, I became a welder at the age of 18. I work 40 hrs a week and make 60,000 a year. No student loans 😂
That's awesome. Most that have a Master's Degree can't even get a 60K a year job. Unless you're planning on being a doctor, lawyer, or an engineer, there is no reason to go to college. Most everything else you can go to trade school for.
That's great! I know for me I didn't want to be a welder. My chosen profession required college especially to advance. But yes, a strong country NEEDS all occupations from the men and women who collect the trash to the welders to the accountants and so on!
How old are you now?
Trades will always have value
@@reese85 32
"Go to Walmart and buy a backbone!" It's on aisle #3""
Hahahha. Classic!! Dave Ramsey! Dave Ramsey!
Go to community college if you want college so bad, it’s the same education
Especially for pre-reqs, plus you will sit in fewer 400+ weed out courses
I went to community college for programming and it didn't help at all, mainly because I knew how to code before going into it.
My community college was like dumbed down 8th grade
It's not the same education compared to a decent 4-year college. But it's worth the same in the job marketplace if you end up with a 4-year degree after community college.
@@monkmodelandon2024-kh6ot I took two programming classes in community college too as a math major. Barely learned anything. I'm learning to program on my own way more than the classes. The degree is what separates you from others without it who know how to code.
@@monkmodelandon2024-kh6ot But you now have a degree that will get you that first entry level job, "knowing how to code" but not having the degree makes it much harder to land that first job.
I did not believe that after the whole FTX drama there's any good to get this year but *Dale Valskov* proved otherwise. Bad timing maybe but it's a great adoption to get this more to the mainstream and raise awareness. Probably a high contender for a top 100 growth
SCAMMERS . I ask that anytime anybody sees stuff like this asking for info to contact somebody just put a simple "SCAMMERS " in the thread. All threads.
I'm literally overwhelmed, You are a blessing to the world. I can't thank you enough *Dale Valskov* for helping me with my account recovery. My prayers will always be with you and your team. Keep it up guys. Love from Maldives. There are many people out there I pray everybody get help.
My 18yo started college last year. He got 90% on scholarship but still owed $4-5k a year. He commuted to school two days a week and worked the others days to make monthly school payments. It won’t kill college students to pay for school. Also, he would have NEVER attended this school if he didn’t get a big scholarship. He would have been at the state school down the street or finding the cheapest online bachelors degree.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you *Dale Valskov*
At this point colleges are just financial institutions like Banks or Casino.
Predatory Financial Institutions
Go to a community college, don't pretend to be rich.
Here in Louisville we have a state community college (JCTC) that has an arrangement with the local public school system that any of their graduates can attend FREE, and all the credits are transferrable! My grandson starts in a couple of months. People taking out student loans of ANY sort are SO foolish!
My parents convinced me to go to college by saying they were going to pay my loan. I went to school never worrying about student loans . After graduating I slowly discovered they weren’t paying a dime of my loan . Now that I’m in my 30s I wish I would have went to trade school
Community college is a cheaper alternative. Pay cash for the tuition and books. Have your child get a job for the other expenses.
So glad me or my husband didn't ever have student loans.
I had some, but I kept my same crappy apr until I paid them off. I also only borrowed for tuition. Nothing else. I worked and paid for housing and food through work. I had them paid off in year and a half. Now make 140K a year single no kids and 0 debt. Life is good.
Good thing too since you didn't learn proper English. You should have written "my husband or I" not "me or my husband."
Think of it this way: Would you say "me didn't ever have student loans?" Doesn't sound right, does it. Likewise "me or my husband didn't ever have student loans" shouldn't sound right either.
@@markf.2050 the f?
you apparently can't spell english properly neither.. ((look at examples))
example 1: I'm So glad that BOTH ME AND my husband "never had/ never got" student" loans.
example 2: I'm so glad that NEITHER my husband NOR i, "ever had/ never got" student loans"
I Am proud to say, we had 3 children in college at the same time, & none lived at home. We did didn’t borrow a penny & they all graduated.❤
This is why I preached to both of my kids, no student loans! Get all the scholarships you can and go to local state college. Whatever isn’t covered, we will cash flow along the way. NO STUDENT LOANS!!
The problem with yelling at “congress” is that it’s not one person. It’s a large group of people with very very different agendas.
They all have the same agenda to enrich themselves with insider trading
Politicians have two problems. Getting elected, and getting reelected. The rest of the problems are their constituents problems.
In 2009, it broke my heart to refuse to cosign a school loan for my daughter. Someone in her high school had convinced her that she needed to go to the 2nd most expensive school in the state to get a questionable degree. I told her that there were other, cheaper ways to get the training she wanted, but I just couldn't justify that risk, especially right after the economy crashed, and I was facing a layoff. A layoff that DID happen a few months later. I later discovered that a small percentage of the students at that school actually graduate, so my daughter likely would not have been able to pay back the loan, and it would have bankrupted me.
What was the questionable degree?
Due to my father's obnoxious ex-wife, he ended up taking a parent plus loan. I never said I'd pay it but it was my priority loan to pay after I graduated. I in no way wanted anyone else on the hook for my education.
Two things that should be illegal 1. parent PLUS loans 2. CC companies being able to set up shop at colleges and Universities.
Make colleges responsible for loans if a graduate cannot find a job in their degree field. You will IMMEDIATELY see an end to these expensive useless garbage degrees.
thank u i am amazed that blame is placed everywhere but where it belongs: on the colleges
No such thing as useless degrees, only useless students.
The entire college loan system needs to be revamped. The college should be the one issuing the loan to the student with a capped interest rate (no 24% rate on student loans). Then the potential degree has a mortgage attached to it like a home. If the student fails to pay on the loan, the college forecloses on the degree and any job the student is at requiring is forced to terminate that student.
This one measure would fix so much clearly wrong with colleges. They will start enrolling students based on merit and not just fill all of their desks with easy paychecks. It will force the college to dump a ton of the useless degrees out there such as art history. It will force the colleges to actually invest in making sure the students can get a job in their field after graduation. And the taxpayer won’t be on the hook for trillions in student loan debt.
I went to college and state university ( 2 years at each). I worked 4 to midnight at a factory and went to school during the day. Toughest 4 years of my young life (age 18 - 22). Graduated, had a car and $2,000 in the bank (graduated in 1976 - yes it was a different world but the principal is still the same).
Parents take the loan then they need to pay.
I NEVER co-nothing!!!! For ANYONE ever! If I'm broke it's because "i" paid my debt
Education 😂😂 my Son (whom I am so PROUD of) is a high school drop out . He learned a "trade" and now makes $150,000 a year.
Idk about the don’t go in debt… I took out 12k in student loans to get an associates in electrical to get an electrical job at a steel mill, but I also paid it off first year working at the job and got hired right after graduation. Would have taken longer paying all cash and maybe not gotten hired right after completion just due to timing of hiring sprees. I say use student loans but wisely.
If you can live at home and have even a fast food job you should be able to cash flow that. it's only $3k per semester or $6k per year. I did that working at KFC for my AS degree. I put in enough hours during the summer to pay the first semester and part of the second, and by second semester my night/weekend/winter break hours were enough to cover it. If you're not lucky enough to have parents that let you live rent free then it becomes much harder.
I wonder how many family relationships were damaged by these loans. Sad situations for all involved.
You look at all the kids and parents out there that have nothing to do with each other. I know people that I work with that are estranged from parents and/or kids. Not 100% sure why since they really say much about it and of course it's nobody's business. But most of the time I'm sure money has something to do with it.
Thanks for keeping us buds got a 150K mortgage, bought 75k worth of Brett with it. YOLO from profit of 10k capital..?
Hello, how do you make such amount? I'm a born
christian but sometimes I feel so down of myself because of low finance but I still believe in God.
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich
Wow, you guys are discussing about the same thing in my mind what a coincidence. Hahaha .I bought couple of crypto like Shiba Inu, BNB,XRP & ADA.
Sincerely speaking. I will continue to trade and stick to expert Al ice daily signals and guides as long as it works well for me...
Alice Devion has really set the standard for others to follow, we love her here in Canada because she has been really helpful and changed lots of life's
Parents save for your kids college education. My boys graduated college WITHOUT student loan. They’re working now and all their paycheck is theirs. Btw, they don’t have credit card debt too. They use their debit card instead.
So much truth in this episode! Thank you guys!
I understand wanting to help your children. Borrowing to do it is a bad idea.
Difference between young people now and young people of Gen X / Boomers, etc. (I am Gen X)
After I discharged from the military, prior to college, I got married. We were looking for a home but needed a place to stay in the meantime. We stayed at my in-laws. They knew it was temporary, they knew we were responsible, etc. and as such did not ask for board. But I insisted we pay something because it was the right thing to do. Furthermore, I did dishes, I mowed the grass, anything I could do without being asked in order to express my gratitude because again I thought to do otherwise would be wrong!!
Not all but too many kids nowadays would not even consider such a thing. They would believe that their parents owed them because they rarely hear the word no and they've been given everything and asked to do little to nothing in return. Entitled brats is what I call them!
I took out a Parent Plus loan for my daughter and would NEVER expect for her to pay the loan. I knew exactly what I was getting myself into but thanks to Dave's guidance I have a plan in place to have it paid in full within 2-3 years. My daughter has her own student loans and will have hers paid in full in the next couple years as well. She didn't get a worthless degree. She got her BSN and is a successful ER nurse. I don't regret my decision to help her through college.
Financial literacy classes should be required for anyone thinking about getting a student loan. Then a test.
I went to college at age 32 and would never sign up for student loans because I understood how absolutely horrible they are. Ever heard of "capitalized interest"?
Look it up. It should illegal.
I am a high school teacher. A big part of the problem is that the school system continually pushes the idea that these kids HAVE TO go to a four year college! I see families pressured and thinking they are doing the right thing getting their children to college (lower socio-econ population). My daughter is paying her way in cash through the Community College system. She still is not sure what she wants to do, but now has the time to figure it our without ruining her life (like mom did with student loans)
5.25 love it john's trying not to piss himself laughing when Dave goes off 😅 Dave is at his best when he gets cranky
didn't get a penny from my parents, borrowed quite a bit to get my BS, paid it all off in less than 5 years. Student loans allowed me to finish at least 3 years early, maybe more (toughest thing when you drag out a 4 year degree to 6, 7, 8 years is lining up the classes you need; not every class is taught every semester, or even every year).
We supported our oldest through college because he was strongly into an engineering field. Graduated high school with very high grades in advanced STEM courses and an internship building actual space vehicles with an aerospace startup. Then after two semesters he switched his major from engineering to history. I was peeved and literally said, "so you're going to be a barrista?" After graduation, turns out he wasn't qualified to be a barrista. That position takes skills and training he doesn't have. There was actually a pretty tough knowledge exam to get hired for that position. Which he failed. A promising future went sideways but at least we paid 100% through a 529 Plan and don't owe anything. If we had a big debt for this result I'd be so much more miserable.
I'm 40 next year, I can tell you NOBODY CARES ABOUT YOUR EDUCATION!
NOBODY GIVES A DAMN ABOUT YOUR SCHOOL.
What matters at work is EXPERIENCE!
I found out that a few years after graduating.
When you're looking for a first job, school might help you a bit, but when you have 5-10 years of experience nobody cares about your school.
They look at you, look at your experience, how you behave, what you represent by yourself.
At work there's no place for school, there's place only for experience and performance. ; )
All the hype for college sucks! People say that if you won't go to college then you're some lesser kind of a human - but only the young and naive ones say that!
I went to college, I got pretty papers, but I can stick it right to my ass right now - I don't need it at all!
When I apply for jobs they ask me about my experience, what I did, how I did it. NOBODY CARES ABOUT MY EDUCATION!
These pretty papers are just a SYMBOL of LOST YEARS and MONEY for me right now.
I co signed a loan for one of my kids to buy a car. That went sideways real quick. I ended up paying most of the note while they just put me off. Never paid it back and it did cause a rift between us.
I have not and will not ever do this again. If one of my kids ask me for money now and I give it to them I now consider it gone, as in a gift.
The kids do not think they have to pay parents back , but they understand if they owe money to the bank they do pay it back. Kids kind of think it is OK because they will let me slide. Do not go there!
I'm in Canada and student loans aren't a big issue here because our post secondary education is subsidized and the tuitions are reasonable. I can't see anyone down in the USA from a regular family becoming a doctor or a lawyer and not go into student loan debt
Yes, this is how boomers went to school in the US. Different times.
ANd you pay more in taxes.
@@jimmymcgill6778 my friends in the states and I did an experiment. By the time you add insurance plans, our deductions are the same. We really aren't hard done by tax wise.
Yeah your college and health care are lower because of high your taxes are. I don't understand how you guys don't see that.
Little know fact: the Army Loan Repayment program can repay PLUS loans taken out by parents for the service member. Up to $65,000.
Over 30 years ago I volunteered and joined the military. I earned and utilized the G.I. Bill upon discharging. It didn't cover all my expenses, but it helped. But that was a different time, and few young people nowadays would consider such an option. Sad!
@@GAFB1122 GI Bill is even better now. But much of the younger generation is just too pathetic, too mentally and physically weak to complete basic. There are some kids raised who stand out, but you see the horde of useless woke snowflakes who will never be able to handle stress, adversity rise to a challenge, accept discipline or overcome an obstacle.
I don't ever remember signing any loans or being explained the price of college. Very likely my mom did it. But I came out with $55k in loans. And guess what I paid them off. You have to live in your reality and move forward.
There's soo many people advertising different people in the comments for finical advice. Please report those comments guys. It really ruins the experience watching these Ramsey videos because the comments are flooded with spam.
It’s more likely parents took on the loan to convince their kids to go to college, “please go, we have the money!!”
Years ago when my single mother and I went to the local tech school to check out their program, I would have needed a "student loan" for the school. Back then they didn't just give anyone a loan for school. When kids went to college, either the parents paid it all or the student worked to send themselves to school. At the time I would have needed a loan for $7500. I wasn't working, and my mom made too much money to qualify for a "student loan". This obsession for college is out of hand along with the endless loans that are given out when it's unaffordable to the students. I am a high school drop out and I make well into the six figure income. Never had a student loan.
My parents helped with books for college and cosigned for my car after i got a job but i hate when someone gives me money in large amounts for nothing and the agreement was i paid double til all money was repaid took 3 years total and 9 years later i still have the car in better condition than another of same year, have great relationship with my family even get together every weekend (30 min drive distance). My parents never signed for anything regarding me without us having a agreement of double or triple repayments (never charged me extra for it) and i help them out if its a reasonable request.
David calls it as it is! These loans not only 'exasperate' the problem but exacerbates it! Oy!😮😊😅
These loans an the accompanying drama are destroying families.
Parents just pay it and that’s less they get in any inheritance.
And you are assuming the parents have $100K just sitting around to pay for their kids' college.
@@rolandhansen812 no but as Dave said. They took the loan out. It’s theirs.
@@christiS907 Very true. Don't borrow money you can't afford to pay back. Or as Dave says "Don't borrow money"
@@rolandhansen812 I just sent the last 10 years working a lot to keep my kids out of student debt. One had scholarships for part. We’ve sacrificed and they lived at home and went local. Still no easy fête. We have 2 4 degrees and a masters now. I think we are done lol. No debt though. . Our cars are actually teenagers now too. Just finished so woohoo.
Go into the National Guard and let them pay for college. Or you can go to College of the Ozarks and go through on their work study program.
Why don’t both sides pay on the loan at the same time? Better than taking sides
That’s like giving someone a birthday gift and then asking the recipient to reimburse half of the present.
Unless there was an agreement BY BOTH THE CHILD AND THE PARENT to take on a parent plus loan and SHARE the responsibility of paying it back, the child has no obligation.
The problem is a lot of parents push their children into going to school that have no business going. Then these kinds play beer pong for 4-6 years and get a worthless degree with little to no job prospects.
By 17 & 18 years old you know if your child is responsible enough to make a college education generate a positive return on investment or not. The days of “any degree is a good degree “ died with the Baby Boomer generation.
there should be no such thing as college loans
Im 63 and never used credit...now i cant even get a loan or a credit card... because i " dont have effed up credit" i went to Honda dealership and tried to see if i qualify for a loan to buy a used car...i was told, " we could work with you if your credit was effed up" but you have no established credit so we cannot help you! 😢 ....I rent , own a car and dont owe anyone anything...IDID ITall with cash!
I had the same situation long ago. So I financed a monitor from Dell. It was like 1100 bucks and I paid 100 bucks a month and then I was able to get a mortgage. Unfortunately I experienced my bank account getting locked up from fraud type activity. So I do have a credit card for those emergencies. And I have the highest possible credit score.
Just pay for the car with cash
@@sadfasde3108 duh...don't you think if I could I would!!!
hmmm, dave's got a point, we need to get some beer-pong rolling this 4th of July 😎🍻
I took out a Parent Plus loan with the full understanding that I’d be the one paying it back. Like they said, if there was not a commitment between them that she’d take it on, then the parent are on the hook.
I would bet money that most parents who sign up for the parent plus loans didn’t actually know they were the ones on the hook for the loan, not the student. I have closed hundreds of loans for people who clearly didn’t actually understand the terms of the loan.
Degree in left handed puppetry... lol
I think a lot of parents care just as much about the well-known school as their kids do.
I’ve bought 2 homes and that was much more of an extensive and drawn out process vs getting 3 figure pharmacy school loans in like 5 minutes. Wild.
Parents should pay the minimum monthly and the kid should chunk away at the principal as she's able. Even if that's not what they agreed upon up-front, that still seems super fair and will minimize the awkwardness that all this loan crap puts onto the relationship
Yup, going to college, especially a well known college is still looked on as prestigious among parents. No difference in education whether you go to a CC or university. Made sure my daughter only accepted grants and not the loans when it came time to decide on financial aid.
To not end up a stat
1. Don't date in debt.
2. Don't date anyone in debt.
If you follow this rule you be ahead of 77% of americans. The end.
Parent plus and grad plus loans are now over 9% interest.
my wife had a parent plus loan when, we got married (young 21 she was 19 ) we worked hard to make sure it was out of their name. Her other loans we are working on but I think whether a child is informed or not its the childs responsibility.
When our first child was born we used all of the money left over from the cards at the baby shower to start a custodial account for her. As soon as she was born and we got her SS card we deposited the money. Even the COVID child tax credit went to her too 😂. For baby #2 when we got money for her and we did the same thing. When people give us money for our girls we put it in the custodial account and watch the numbers go up. We do that so that when they turn 18 they can use that money for whatever they want. I don’t want to use my SS number to help them get any kind of loan.
i'm making a good living with my left hand puppetry and tuba degree.
LOL
Here in Canada🇨🇦, I never hear people talking about paying off student loans. My husband graduated from medical school debt-free. Our kids all graduated from university debt- free. Tuition fees for most people are manageable.
My parents couldn’t afford university for me,but I graduated from Teachers’ College nonetheless. debt-free. I just can’t imagine this American system, leaving people saddled, for decades in some cases, with huge debts.
I suppose many Americans would scream “ Socialism” at our system, not realizing America has socialism, too,in many ways: your police and fire departments, for example. Everyone’s taxes go together to pay for them for the common good. Medicare, Medicaid, road maintenance ( Even those who don’t drive pay for that.) schools ( Even the childless pay for them.). What do you think insurance is? Everyone pays for it, but only those who need to make claims get any monetary benefit from it. Think about all the socialism America has for the common good, before you attack that word without understanding it.🇺🇸
We used have affordable colleges. Land Grant colleges. State colleges that didn't cost as much as or more than some private colleges (looking at you, UVermont...a state that doesn't really have that many rich people)
Anyhow, parent plus loans are terrible.
I've been very happy that I was lucky enough to be able to follow my plan and budget of saving for my kiddo to be able to go to a rationally priced state university college that they LOVE. (I absolutely didn't demand they went to college, I started off in trades myself and later went for an academic degree.) They even were able to get a small scholarship that is stretching it. They have been able to work part-time. They seem to be mostly sensible about money.
I cant imagine someone taking out on of those parent plus things. First time I heard of it, I thought it was a scam.
I an from. Europe i dint get American system what is Kredit score,and if we go to school we get paid per month not like work but like 40% of salary or less..but we get paid to be in school..why do you need to take loan to go to school? It doesent make sense to finish school and start with 100k debt..or did i get everything wrong
Welcome to America! 😂😂
School is costly here, you can go free if you get a full ride academic or athletic scholarship. You can also qualify for partial scholarships towards your degree program and not take out loans if your tuition isn’t too expensive. You also will save money going to an in-state school versus out of state school, you need to be strategic cutting costs and choose a good program. A lot of people are choosing poor programs that rack up debt.
@@TheSoulCrisis i would not go to school.i would tried to find decent job and that's it..
If the loans are the parent's legally and the child makes payments, would the parent's have to declare the child's payments as income on their taxes and get screwed that way too?
Not 100%... thankfully, my Mom borrowed money (for me) when I needed help. It wasn't an expensive car, it was a 5700$ (approximately). I had 3500 of the money needed and she borrowed the rest on a 2 year loan. I paid it off in a year. I'm glad Mom trusted me.
I am currently saving 100k to cover my daughters university costs. She wont be paying me back once she graduates. I invest in her education so she can stand on her own two feet after graduation.
I taught my kid to stand on her own two feet WITHOUT fully funding her college education. You have to have skin in the game.
All I needed was a GED to make it after I got out of jail. Some people say if I went to college, I could have been a world leader and some think college would have ruined me. Either way, I haven't missed a mortgage payment and my kids are healthy.
The worst part about the Parent Plus loans is the narrow restrictions placed on them vs other student loans. For instance, if you are having issues and want to change your payment plan to an Income Based plan, you have about 4-6 choices with normal loans. Parent Plus loans get 1.
When the government goes around trying to buy votes...I mean, forgive loans, Parent Plus is not included. That doesn't even get into the original problem described in the video of a person taking out a loan on someone else's behalf and potentially destroying their relationship/their own life/their own retirement on the basis of that student's performance and choices.
Let’s see …ever heard of a contract where both parties agree on repayment…what a novel concept a signed contract…imagine that …parents fault pay the loan …
Can the Dale Vaskov bots stop spamming the comments? Thank you
report them all for spam, youtube will cancel their channels when the investigate. Vaskov is a criminal hacker from Russia
Our son got a business degree from The Ohio State University. He has a successful business making hundreds of thousands of dollars a year. Well worth it.
I genuinely mean this. I don’t understand what the point of a parent plus loan is? I went to graduate school and took out a loan and parent plus was not really an option. Is that because it was a graduate program? But I don’t understand why anybody would ever take one out and put their parents on the line when the federal government gives out student loans like candy.
So much for the parents who used their kid in hopes of getting out of poverty. How'd that work out?
I had not heard of the parent plus loans.
Look into becoming a farrier.
Dave- it’s not the loans. It’s the dang gum interest on the loans. Student loan interest should be more like 3 or 4 percent tops. Banks get “loans” from their depositors for a fraction of that. Also? Parent loans are for the parent. The government didn’t loan it to the student. If they thought the student could handle that debt, they would have given it to the student not the parent.
As the saying goes, why can't it be both?
It's the principal amount charged AND it's the interest that has to be high because this is UNSECURED DEBT.
Parents wanting their kids' "college dream" to come true...and thinking about it for the first time when the kids are 17. Crazy thought, you have 17 or 18 years to prepare for this. Maybe you can't save 100%, but between savings, work by the student, scholarships, etc.- that dream can come true and not be a nightmare. Another thought- kid takes a year or two to work and save while living at home with few expenses. It's not a race. Whether you get a bachelor degree at 22 or 24 (or 26) makes no difference in the long run.
“…and entertain the rest of America with your foolishness.” I feel so seen
Don’t they have good quality community colleges in the most areas in US states? Is there not a good system to ladder on to bigger universities.? I am not an American , but it seems there is a lot of “prestige “ in certain US universities that are very expensive when I would think that most people could do at least the first couple years living at home and going close to home. Also, most people can handle a part time job through the year and 4 months in summer. I managed a full degree outside of USA by working the whole time as well as school. Might not be possible for those going for the highest marks for med school or advance degrees , but then you live like I did , in poverty level spending… in shared decrepit basement suite or at home. Harder to do today though. Rents are so expensive.
There are exactly zero US universities in existence.
So why did you take the money? You SHOULD be paying it back ethically/morally. Why can't you pay it? You went to college and got the benefit. Theoretically you went to college to get a higher paying career.
Mr bankrupt speaks, everyone must listen, Dave is so out of touch with the real issue, that if he had gone to school he would realize in his day it was easy to work an afford school. But great dave I see those ppe loans you got forgiven are helping
Way too much competition in coding, software developing than CS or engineering. Most people don't like to do math.
I LOVE math and numbers because there are no feelings or emotions in math / numbers. The balance sheet either reconciles or it doesn't, and my feelings won't change that!