posted on Dec, 10 2011 @ 09:30 PM
I had student loans... I worked hard and paid them off early.
I got a degree in Art and Commercial Design...then computers took off and everything I learned and could in an afternoon, a computer could do in about
So I went into retail...started at the bottom bringing in shopping carts, bagging groceries, and cleaning the toilets when we closed at night. Imagne
that... a BS college degree cleaning johns in a grocery store...
But I did a really good job, was positive, always on time... and I got a promotion, then another promotion, then another... and every time I
considered leaving... I got a promotion and a raise. After 4 years of hard work and living with my folks, I had paid the loan off... I had also
learned the value of hard work and saving my money.
I also went to night school and learned about investing and real estate.. reinvented myself, and started making money for me. My favorite story is
krispy kreme... I was interested, knew it was a good product and very popular.. I told an experienced investment banker...seeking advice and
assurance...he laughed me out of his office.
I was hurt, disenchanted... but still determined and thought my hunch right. On the day of the IPO on the stock market...it opened at 35 dollars a
share, I bought in at 37 dollars a share...by months end it was at 100 dollars a share...and I sold.
My point is... do not default on the loan. Do not run from responsibility. If you do this time, everytime life gets hard, you will run... and life
will get harder than a student loan. if you can't handle that...how are you gonna handle a mortage, or a loss on the market, or making a tough choice
about savings and retirement, or choosing an investment, or dealing with an argument with your husband or wife? How will you deal with a divorce?...
or a premature baby and all the responsibilities that go with a family? If you accidentally hit something or someone with your car...you gonna run?
Challenges build character, ethics, courage, and intestinal fortitude. How you face them determines what kind of person you are and will be. Are you
a fighter or a quiter?
I know it's hard... life's hard... but you need to decide to beat it, take it on and win. If you can't get a great job, take a good job, if you
can't get that... take on a couple or even 3 part time jobs and pay the loan. Yes it can be done... I've done it, my wife did it and raised 3 kids
by herself before I met her. In 1998-99-2000, I worked a full time job, had 3 part time jobs, and started buying properties and investing.
Some will say that "that was back then... it was easier." I say horsestuff. My daughter is graduating next year...she went to a community college
for the basic classes...saving money.. then transfered to a major NC university...she worked, maintained her grades and got scolarships, took the time
and applied for all kinds of grants, and worked some more...ironically in a grocery store... and next year she graduates with very little student
debt... with a major and 3 minors under her belt... and a good future in sports training/ medicine and physical therapy with minors in business and
sports business management and design.
Pay the student loans...