2 Paths, 2 Destinations – Post 317

The story of 2 college students that chose that chose different paths. Watch this video to learn what happened.

To learn more about the path they both ultimately took visit: http://AIMHighForSuccess.com

To follow Keith’s blog visit:

http://ProsperityRx.com

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Student Loan Crisis – Post 283

I’m just curious, would it surprise you to realize that there are a lot of people that want you to spend a lifetime in financial bondage?

That’s right they want you to be a slave.

They want you paying them forever.

There are a lot of bubbles that have happened in my lifetime. The Y2K bubble; the technology bubble; the wall street bubble, the housing crisis bubble, Where things just got out of control and then they would crash.

The next big bubble that I think is gonna bust is the education bubble.

Don’t get me wrong, I think education is a good thing. I support knowledge and learning. I am constantly improving my skills through education. But I’ll tell you our university system is completely out of control and setting up kids to have a lifetime of debt.

I just found out that more than thirty eight million Americans have student loans right now totaling over a trillion dollars. At the end of June they were paying about three point four percent on those loans. On July first, they went up to six point eight percent, they doubled, six point eight percent.

So here’s what’s happened okay over the course of the last ten or so years.

Since two thousand and three, from two thousand three to two thousand and thirteen student loan debt has quadrupled.

In the last 10 years, quadruple.

The average price of a year in college in nineteen eighty was eight thousand seven hundred fifty six dollars for a four year college degree.

Today it is twenty one thousand six hundred fifty seven dollars per year.

That means to the students going to go to a four year college are going to have about a hundred thousand dollars in student loans that they’re going to have to now go pay back

and do you think it’s easy for a college graduate to go get a job in today’s market place?

Think again, it’s tough for a college graduate, a recent college graduate to go get a job, . . .

to get a job let alone to get a job that’s going to pay them decent enough income to have a living and to pay to get out of that student debt in any kind of foreseeable future.

I know people in their thirties and forties that still have student loans that they’re still dealing with.

Now the cost of education, the cost of a university education, has gone up over three times the rate of the consumer price index. In other words, when looking at the cost of living, it’s gone up over three times the cost of living. It’s gone up by almost six hundred percent since nineteen eighty while the consumer price index has gone up about a hundred and fifty percent.

Think about that, shouldn’t education kind of match everything else that’s going on in the world.

For the most part it’s a racket, it’s a system designed to keep you in debt to learn about jobs that, guess what, most of them are gonna be obsolete.

You don’t think that advances and every form of technology in every single field is not going to change the educational outlook that’s going on in the world. It certainly has in my field, in pharmacy.

Now don’t get me wrong I told you I’m a huge fan of education. I’m just not a huge fan of financial bondage for people.

The number of student borrowers has increased sixty six percent from two thousand five to two thousand twelve. The average student loan balances increased forty nine percent from two thousand and five to two thousand and twelve. Student loans now surpasses, when it comes total debt by borrowers, Student loan debt now surpass credit card or auto debt. It’s just an absolute epidemic.

Now, you want to go to college fantastic, wonderful, here’s my advice for somebody that wants to go to college

Learn a specific skill. All these generic programs, these generic college experiences, don’t really prepare you to do what you need to do. Learn a specific skill, learn it well.

Why not take charge of your own future?

Why not, while you’re going to school, take ten hours a week and apply it to a business that will pay for your school.

What if you could just make a thousand or two thousand dollars a month, part-time in a business that you’re passionate about and use all of that money to pay for your education?

What a different situation you would be in to leave your educational experience, debt-free and have a cash flow business in addition to your diploma. Wouldn’t that be better?

All the credit card companies and the banks, the government, it seems like everybody in the world wants you to stay in debt, in bondage to them.

I don’t want you to live that way.

I want you to be free; to have choices; to have options; to not spend twenty to thirty years working, to pay for a piece of paper. You will actually more than likely pay for that piece of paper two or three times over by the time they get all the interest charges and fees that have been stacked up against you. Then you can use your education to do whatever you want to do in the world, but you’re not gonna be a slave.

Would it be ok if I showed you a better way? A way that will create a future, what I love almost about what I’m seeing right now in this business, it’s the young people in this business, they are rising up and they’re saying to heck with the old model; to heck with this economy, to heck with people being in charge of my life. I’m going to use this business to own my future, to be debt free, to be totally in charge.

Would it be ok if I tell you about a friend of mine? He was in his first year of graduate school when he and his wife discovered she was pregnant with triplets. He didn’t know what he was going to do. He was going to need three of everything. He wouldn’t be able to provide for all of those expenses and continue to go to school. He really didn’t know what he would do. Then his father introduced him to a business that he could do part time. Around his school schedule. Something that was flexible and that he controlled. He saw the value and the possibilities and he jumped right in. By the time he graduated from school he not only had all of his student loan debt paid off he actually had a residual income built up that allowed him to make choices about his future. Because his business was doing so well he never even pursued a career with the degree he earned.

Would it be ok if I shared some more information with you? Some information that will show you how to be free; to have choices; to have options; to not spend twenty to thirty years working, to pay for a piece of paper. How to use your education to do whatever you want to do in life, without being a slave to your student loan debt.

Visit my website http://NoMoreSchoolDebt.com
Or call 502-212-2929

The Biggest Scam in the U.S. – Post 034

The Biggest Scam in the U.S. 
 
I love this!
I was just on my Facebook wall and read something from my friend Tony had posted.  
This is SOOOOO TRUE!  And you are going to LOVE this, especially when ignorant idiots try to make fun of you for being an entrepreneur.  
He wrote: 
“The biggest scam in the U.S. is not a home business. The biggest scam is a college degree and the belief that getting a degree will necessarily get you a good-paying job. Today, U.S. student loans now exceed U.S. credit card debt. Over $800 Billion dollars owed.”
Now…don’t get my wrong.  I’m not saying college isn’t cool.  I loved college.  Hope my two boys go.  But…think about that.  People talk about home businesses being scams, but the REAL scam is teaching people how to go build equity in somebody else’s company, rather than do their own thing. 
http://NoMoreSchoolDebt.com

College teaches us to do what?  College teaches you how to go get a JOB.  College teaches you how to go earn a WAGE and work for someone else.  

Yes…other than our Social Security system, which I will NOT get into today, one of the biggest scams being perpetuated onto the public is the idea that if you go to college, invest tens of thousands of dollars, you can actually get a good paying job and live your dream.  
Kinda thought that was interesting.  Don’t you think?  Think I’ll stick to being an entrepreneur…how bout you?