News on Youtube Sep 5 2017

Student loans the one debt that you can never get rid of unless you actually pay them off

So what are your student loans really costing you stick around because I'm gonna show you what your student. Loans are actually

Costing you if you're only paying minimum payments

As

The second quarter of 2017 there's 1.3

Trillion dollars that are owed in student loans and that's over forty two point three million borrowers

People between the ages of 18 and 39 owns 70% of that debt

Come on Millennials. What what are we doing here? We're better than that let's knock that number down a little bit, huh?

66% of the delinquency rate comes from people who are 40 years old and older?

So guess what Millennials the longer you hold on to your student loan, debt the longer you push it off to the side

That's you so I pulled some data and the average student loan amount is thirty one thousand five hundred dollars

The average interest rate five point three percent the average monthly payments roughly three hundred dollars

That would take you 12 years to pay off and you'd be paying ten thousand five hundred dollars in interest add those numbers together

Principal plus interest and you're looking at about forty two

Thousand two dollars over twelve years. Let's play a little game of what if because I don't know your exact numbers

Let's go off the average so instead of paying three hundred dollars a month like the average person

what if you double day and paid six hundred dollars a month if you were able to scrounge up an extra three hundred dollars a

Month to put towards your student loans you'd save yourself

$6,200

That's forty three hundred dollars that you were paying and interest as opposed to the ten thousand five hundred dollars like the average person

You'd also have your student loans paid off in five years as opposed to the twelve years originally

That's seven years sooner

So not only are you saving yourself money?

And the interest you would be paying you're also saving yourself time in the form of seven years

What would you do with that seven years and that's sixty two hundred dollars in your pocket? I?

Got a few ideas so if you decide to pay that six hundred dollars a month instead of paying forty-two thousand dollars over twelve years

you're only paying thirty-five thousand seven hundred dollars total and

Paying them off in less than half the time

So what's that three hundred dollars a month times the seven years that you wouldn't be making payments. That's roughly

$25,000

$25,000 people what would you do with that money now? Let's go off the $600 a month payment if you paid

$600 a month for that seven years seven years that you wouldn't be making payments that he would save yourself if you did pay

$600 a month for the first five years how much would you have in your pocket over fifty thousand dollars?

six hundred times

Seven years is fifty thousand dollars. Yes, I can do math I swear fifty thousand dollars. That's a lot of money

That's a lot fifty thousand dollars. That's a lot of money. I'm gonna say it again. I don't care how rich you are

Fifty thousand dollars is a lot of money. How many vacations could you take your family on for less than fifty thousand dollars

How much do you think you could make if you invested that fifty thousand dollars?

Do you think fifty thousand dollars would be a good investment for a college fund for your kids?

How about a down payment on a house how about for that car that you're going to eventually need?

It's fifty thousand dollars the possibilities are endless as to what you could do with that fifty thousand dollars

And not just the money the time you got to think about the time

Seven years is a long time not in seven years of payments off in five years

Holy smokes do you understand how free you'll be able to feel?

For seven years sooner than the other people around you that are paying the minimum payments

do you think it's worth it to suck it up and pay a little bit extra now as opposed to paying for a longer period

Of time I think so so if you can find an extra $10 a day

That's $300 a month

How can you make an extra $10 a day ask yourself that question?

What can you do in your daily spending where you can save yourself?

$10 a day, which will equal that $300 a month

You got to start thinking outside the box you can't be thinking like everyone else around you

Because thinking like everyone else is gonna keep you in that same boat as them

And there's a reason that most people have all this student loan debt

It's because they're all doing the same thing and that's a problem

So you don't really have a choice at this point

But to start thinking outside the box and start trying something different because if you don't

You're gonna continue to be a statistic

Guess who forgot to shoot an outro this guy so I'm going to do right now

Thank you so much for watching this video. I greatly appreciate it

I hope it helped you understand

Your student loan situation just a little bit better if you have any questions comments feel free to leave them down below

Or send me a private message hit that subscribe button

I'll greatly appreciate that and if you want to sign up for my email list

The link is in the description or somewhere around hey, I think I think it should be there

I've got a lot of cool stuff planned for everyone on that list I've got a debt free course coming out

I've got a lot of tips and tricks for if you are trying to get out of debt

How that can help you a lot of different challenges promos free stuff, I've got coming out and so much more

But if you are not on the list then you'll be left out

And I want you to be left in because you're my friend alright. Thank you so much. Have a great day. Love you

yose

For more infomation >> How Much You WILL Save On Your Student Loans (financial freedom) - Duration: 6:06.

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Trump told workers that the system is rigged. Now he's showing them just how much. |News General - Duration: 7:50.

Trump told workers that the system is rigged. Now he's showing them just how much.

On Labor Day, we're supposed to be honoring the people who do the work that keeps the United States going, which makes it a good time to look at where workers are and what they can expect from the current government in Washington.

And while nobody with a brain in their head expected that President Trump would be a great friend to workers, some were naive enough to believe his populist rhetoric and hope that he might not be quite as hostile to them as a different Republican might be.

Well the results are in, and it turns out that he's the most anti-worker president in memory. It's all the more cruel because as a candidate, Trump correctly identified the anger and disappointment so many people feel about the contemporary U.S.

economy, where the vast bulk of the benefits goes to those who are already wealthy and millions struggle to get by.

The system, he told them, was "rigged" by those who already have wealth and power, and they believed him because of what they saw in their own lives and communities.

As Trump went around the country in 2016, he promised to turn back the clock to the days when factories were humming and factory towns were growing — and said he'd bring back all the coal jobs to boot.

It was a cynical hoax, because the economy of the 1950s and 1960s for which he had such praise was made possible not only by a technological era that is far behind us, but by U.S.

labor unions — unions that are under relentless assault from Trump's party.

Those old-fashioned factory jobs, where you could start without much in the way of education or experience and earn good wages and strong benefits, negotiated for you by the union, are largely gone.

If you can find a manufacturing job today, chances are you won't be represented by a union, and your employer will say, "This is what you'll get. Take it or leave it.".

Job growth, often treated as the clearest measure of the economy's strength, no longer captures the true economic picture.

Job creation has been strong since the recession ended — under former president Barack Obama about 16 million jobs were created since the recession's trough, and unemployment was at only 4.4 percent in August.

So finding a job isn't the problem; it's whether that job will enable you to support a family and build a future.

When it comes to manufacturing, the American economy has essentially adopted the Southern Republican model of development, where states and localities beg a factory to come in with the promise of huge tax breaks and a low-wage, docile workforce that will be happy for any job at all.

And overall, Americans find themselves as the only advanced democracy without paid family leave, where too many get no paid vacation and not enough jobs have room for advancement.

That's true not just in the industrial Midwest but everywhere. You can see it in this extraordinary New York Times article by Neil Irwin profiling two women who started as janitors at companies that defined innovation in their respective heydays.

Gail Evans began working at Eastman Kodak in the early 1980s, in a janitorial position with vacation benefits and support for workers wanting more education to improve their skills.

She got her college degree and eventually rose to become chief technology officer of the entire company.

Marta Ramos cleans floors at Apple today, but she's employed by a contractor and has virtually no chance of getting any permanent position at Apple, let alone rising up in the company.

That difference is the result of enormous and complex changes that range across the entire economy, changes that one president can't reverse. But what has Trump done to help ease the burden on workers and expand opportunity? Here are a few things:.

Tried to take health coverage away from millions of low-income workers. Revoked an order by Obama requiring large federal contracts to go only to companies that weren't guilty of violating labor laws.

Nominated to be labor secretary the head of a fast-food company notorious for its abuse and exploitation of low-wage workers (the nominee later withdrew). Appointed anti-labor nominees to the National Labor Relations Board.

Moved to undo the Obama administration's regulation expanding overtime pay for millions of workers. Proposed to cut the National Institute for Occupational Safety and Health by 40 percent.

Pushed back regulations forcing companies to protect worker safety and inform workers of hazards. Argued in court that employers should be able to force workers to give up their right to file class-action lawsuits.

Reversed the Obama administration's crackdown on for-profit education scams that saddle people with worthless degrees and huge debt. Promoted "right to work" laws that hamper unions' ability to organize.

And now we get to the centerpiece of the Trump administration economic plan: A gigantic tax cut for the wealthy and corporations! Of course.

On one hand, Trump keeps saying that the economy is doing spectacularly, regularly issuing triumphant tweets about the latest stock market high and saying things like "I've created over a million jobs since I'm president." On the other hand, he says that we absolutely must save the economy, and only this tax cut can do the job.

It's the same argument that Republicans always make, and it's just as false as it was the last time we tried it, in the George W.

So Trump, populist hero, has a message for workers: The only help you'll get from me is whatever trickles down after I give a big fat check to your boss' boss, Wall Street bankers and wealthy heirs like my own kids.

Did I tell you that the system is rigged? Oh, you bet it is.