The main piece of advice that I give to students and other clients who have student loans is for them to become financially savvy! Financial awareness allows you to stay in the game and keep from drowning in debt. Here are my top three ways of what you can do to avoid being sued.
1. Invest - Learn the art of investing, particularly short-term investing, and become well-versed in the practice, you want o pay-off of the loans as soon as you can. You will also learn a valuable tool that will help you for the rest of your life.
2. Start a business - Starting and running a business is the 21st century's best tool for achieving financial independence, it has great tax benefits and gives you practically unlimited earning potential unlike a job where your worth is determined by your boss. Use this additional money for your investments and/or to make those pesky payments.
3. Get your taxes done professionally - Tax benefits come in all shapes and sizes. Now that you are benefiting from your investment strategies and have a functioning business, make use of what an experienced tax professional can do for you in terms of helping you position yourself to get the maximum in withholding and tax benefits.
If you treat your life like a business, organize and set concrete goals and objectives, you will increase your chances of staying ahead, staying out of troubles way, paying off your student loans, and even become recession proof in the process!
1. Invest - Learn the art of investing, particularly short-term investing, and become well-versed in the practice, you want o pay-off of the loans as soon as you can. You will also learn a valuable tool that will help you for the rest of your life.
2. Start a business - Starting and running a business is the 21st century's best tool for achieving financial independence, it has great tax benefits and gives you practically unlimited earning potential unlike a job where your worth is determined by your boss. Use this additional money for your investments and/or to make those pesky payments.
3. Get your taxes done professionally - Tax benefits come in all shapes and sizes. Now that you are benefiting from your investment strategies and have a functioning business, make use of what an experienced tax professional can do for you in terms of helping you position yourself to get the maximum in withholding and tax benefits.
If you treat your life like a business, organize and set concrete goals and objectives, you will increase your chances of staying ahead, staying out of troubles way, paying off your student loans, and even become recession proof in the process!
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