Approximately 1 in 8 Americans hold student loan debt. Amy Richardson, a certified financial planner with Schwab Intelligent Portfolios Premium, joined CBSN’s Tanya Rivero with tips for how new college graduates entering the workforce can pay off debt and save money.

CBSN is CBS News’ 24/7 digital streaming news service featuring live, anchored coverage available for free across all platforms. Launched in November 2014, the service is a premier destination for breaking news and original storytelling from the deep bench of CBS News correspondents and reporters. CBSN features the top stories of the day as well as deep dives into key issues facing the nation and the world. CBSN has also expanded to launch local news streaming services in major markets across the country. CBSN is currently available on CBSNews.com and the CBS News app across more than 20 platforms, as well as the Paramount+ subscription service.

Subscribe to the CBS News YouTube channel: http://youtube.com/cbsnews?
Watch CBSN live: http://cbsn.ws/1PlLpZ7c?
Download the CBS News app: http://cbsn.ws/1Xb1WC8?
Follow CBS News on Instagram: https://www.instagram.com/cbsnews/?
Like CBS News on Facebook: http://facebook.com/cbsnews?
Follow CBS News on Twitter: http://twitter.com/cbsnews?
Subscribe to our newsletters: http://cbsn.ws/1RqHw7T?
Try Paramount+ free: https://bit.ly/2OiW1kZ

For video licensing inquiries, contact: licensing@veritone.com

Business bankruptcies, entrepreneurial failures, unemployment, and salary reductions have been ongoing topics in recent years. Many former business owners have accumulated debts and been forced into becoming “debt defaulters”, while numerous individuals have been blacklisted for credit breaches due to job losses and interrupted mortgage payments. Data shows that in the past five years, China’s personal debt has surged by 50%. Those branded as debt defaulters now number over 8.5 million, a near 50% increase from 5.7 million at the beginning of 2020. These debtors, who have failed to meet their repayment schedules for home or business loans, mostly range in age from 18 to 59 and constitute 1% of China’s workforce.
#chinaobserver
All rights reserved.

Student loan debt forces millions of Americans to put off major life milestones like buying a home or having a child. Refinancing your loans only works if you have a great credit score and steady income. We put together six things you can do to deal with your debt and move on with life, including crowdfunding, joining a service organization, and voting for candidates for plans for student debt.

MORE PERSONAL FINANCE CONTENT:
Here’s Your Year-Long Guide To Financial Stability
https://www.youtube.com/watch?v=eoOQLA3TDtc
Easy Steps To Get Out Of Debt, According To A Certified Financial Planner
https://www.youtube.com/watch?v=CHiOBzqcMV8
How This Couple Avoids Fighting About Money
https://www.youtube.com/watch?v=_zvyMusgpyQ

——————————————————
#Money #PersonalFinance #BusinessInsider

Business Insider tells you all you need to know about business, finance, tech, retail, and more.

Visit us at: https://www.businessinsider.com
Subscribe: https://www.youtube.com/user/businessinsider
BI on Facebook: https://read.bi/2xOcEcj
BI on Instagram: https://read.bi/2Q2D29T
BI on Twitter: https://read.bi/2xCnzGF
BI on Amazon Prime: http://read.bi/PrimeVideo

————————————————–
6 Creative Strategies To Deal With Student Loan Debt

Lillian Fitzgerald has made a terrible mistake. She’s gone a hundred thousand dollars into student loan debt for a Master’s Degree in Creative Writing, only to discover that she might not actually be a good writer.

In an attempt to buy herself enough time to salvage her ambitious but depressing thesis novel, she accepts a part-time job doing SAT tutoring for Calvin Bolt, whose father Henry owns Bolt Bank, the very company that services her student loans. But Lillian soon discovers that dangerous secrets underlie the wealth and power of the Bolt family, secrets that could launch Lillian onto the bestseller list…if she manages to survive long enough to write about them.

In DEBT, Rachel Carey’s sharp, fast-paced satire of New York during the 2008 financial meltdown, it turns out that everyone, even all-powerful billionaire Henry Bolt, is in somebody’s debt.

Product Features

• Used Book in Good Condition

The easy way to avoid early pitfalls on the road to financial success

A little money and a little time is all that’s needed to lay a strong financial foundation for today and the future. And starting sooner rather than later is the smartest thing you can do when it comes to protecting your financial future.

If you’re in college or enjoying your twenties, Personal Finance in Your 20s For Dummies cuts to the chase, providing you with the targeted financial advice you need to establish a firm financial footing as you work your way through school and the post-graduation years.Advice on paying off student loans, managing debt, and creating a solid pathway to financial successInvesting strategies for young investorsOther titles by Tyson: Personal Finance For Dummies, Investing For Dummies, and Mutual Funds For Dummies

If you’re looking for sound, reliable advice on how to make smart financial choices in the real world, Personal Finance in Your 20s For Dummies has you covered.

#federalreserve #economy #fomc

Federal Reserve’s $8.5 Trillion Debt Bomb That’s Shaping Interest Rate Policy Behind the Scenes

*********** Video Breakdown ***********

As we approach the next FOMC meeting, the market’s pricing in a Fed pivot, sooner than later. With betting market’s putting the odd’s the Fed cuts rates in early 2024. However when you ask Jerome Powell, he says the opposite, that they aren’t even considering a change in policy anytime soon, not until they are sufficiently convinced inflation is firmly back down to 2%.

Well it turns out the Federal Reserve may have another reason why pivoting on the current monetary policy may not only be possible, but required. We often discuss the wall of corporate and commercial real estate loan maturities coming in 2024, well it turns out the U.S. Government also has a wave of loan maturities scheduled in 2024, $8.5 trillion worth!

We look at what this means for the possibility of interest rate policy, how it can impact the U.S. economy in 2024, what it could mean for the U.S. housing market, and what happens when these loans mature.

What do you think will happen? How much in renewed interest expense do you think the U.S. will face if the Fed keeps interest rates this high? Well make sure to watch to find out!

*********** Snapforce CRM – Real Estate Insights ***********

Want access to the housing market maps I use in my videos? You can access here: https://www.snapforce.com/real-estate-insights/

Want access to the research database I use in my videos? You can access here: https://www.rjtalks.com/

*********** ABOUT RJ ***********

In 2012 I built Snapforce CRM, a software as a service application to compete with Salesforce, which was very expensive at the time. Since then, our user base has expanded to over 65,000 users in 12 countries. Our largest customer’s are mortgage companies and debt shops, who use our software for their sales process, and to check customer’s credit in real time.

With the type of clients we cater to, I decided to launch Snapforce Real Estate Insights last year, a peripheral software as a service product. It integrates directly with the big 3 real estate brokerages, to present their housing data in a digestible way, using our interactive maps and reports.

Snapforce CRM, try risk free for your property management, lending/mortgage company, or for individual realtors: https://www.snapforce.com/crm-software/

WE DO NOT OFFER PERSONAL ADVICE

*********** Social Media ***********

Follow me on Twitter to get more real time updates on the markets: https://twitter.com/realRJTalks

*********** My ENTIRE Camera and Recording Equipment ***********

Camera: https://amzn.to/456n1GO
Lights: https://amzn.to/3qrH17S
Mic: https://amzn.to/3sd14Hu

*********** DISCLAIMER ***********

I am NOT a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to make a purchase.

Box have light wear. contains Fincancial Peace Revisited in new condition, Financial Peace University Book (which is in used condition with writing and markings), 13 Life Changing Lessons on Audio CD w/2 Bonus CDs, sealed bonus pack CD, envelope system and 2 Debit Card Holders. Box does NOT include the workbook nor budegeting forms.

GOODBYE DEBT—HELLO FREEDOM!
 
Most of us grew up with the idea that there is good debt and there is bad debt.   Good debts are generally considered to be debts you incur to buy things that can go up in value—like a home or college education.  Bad debts are things like credit card balances, where you borrowed money to buy things that depreciate or go down in value, like most consumer goods.

But as America’s favorite financial coach, David Bach, points out, in difficult times there is no such thing as good debt.  There is only debt.  And all debt is too expensive—if what you desire is FREEDOM!  In fact, Bach believes the best investment you can make today is to pay down your debt, faster and smarter than you have ever attempted before—starting today!

In Debt Free for Life, #1 New York Times bestselling author David Bach has written his most groundbreaking and important book since The Automatic Millionaire, giving us the knowledge, the tools, and the mindset we need to get out of debt and achieve financial freedom— forever!  Offering a revolutionary approach to personal finance that teaches you how to pay down your debt and adopt a whole new way of living – debt free. Bach unveils the Debt Wise program that empowers you to pare down your debt automatically.  You’ll learn how to calculate your Debt Freedom Day – the actual date you will be completely free of debt.  And you’ll discover that when you are debt free, you need a lot less money to live on. You can retire, even with a smaller nest egg — perhaps earlier than you expected.

David Bach has coached millions to pay off their debt and now he can guide you.  Whether you have home loans, student loans, car loans, credit card debt—paying down your debt is truly a game you can win, if you know the rules.  Debt Free For Life will teach you the rules and give you the tools to buy back your freedom.

Product Features

• Used Book in Good Condition

Paying off debt? In this video I give you ten common mistakes people make while paying off debt. Don’t fret if you’ve made them. We’ve all made some money mistakes. So long as you don’t repeat them, they’re considered “learning experiences”. Which mistakes have you made?

#DebtFreeDana #FrugalLiving

How We Stopped Living Paycheck to Paycheck https://youtu.be/HFofLtL_Dqo

Pregnant? We cloth diapered 3 of our 4 kids, and estimate we saved THOUSANDS of dollars. In fact I started my YouTube channel as “MsDiaperD”, sharing over 80 cloth diaper video tutorials. https://www.youtube.com/playlist?list=PLCcb1sUywdhMDvUOUnp3osrFOZNXGpped

Build Your Cloth Diaper Stash Here:
*http://www.kellyscloset.com/?AffId=679
*http://www.nickisdiapers.com/?AffId=32

? S U B S C R I B E (it’s FREE)
http://www.youtube.com/subscription_center?add_user=msdiaperd

Hey there! I’m Dana. I’m a wife and Mother to 4 kids, including twin boys and two girls. I work full time outside the home in finance as a Corporate Accountant, but enjoy sharing my personal and parenting journey online. We live in the Philadelphia area.

Follow Me on Instagram @DebtFreeDana

*Please be advised that some of the links above are affiliate links and I do receive a very small commission if you make a purchase using those links. I appreciate your support if you do, and if you don’t – no worries. We’re still buds. HUGS!

“Marty Gots a Plan”
Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0
http://creativecommons.org/licenses/by/3.0/

If you will live like no one else, later you can live like no one else.

Build up your money muscles with America’s favorite finance coach.

Okay, folks, do you want to turn those fat and flabby expenses into a well-toned budget? Do you want to transform your sad and skinny little bank account into a bulked-up cash machine? Then get with the program, people. There’s one sure way to whip your finances into shape, and that’s with The Total Money Makeover.

By now, you’ve heard all the nutty get-rich-quick schemes, the fiscal diet fads that leave you with a lot of kooky ideas but not a penny in your pocket. Hey, if you’re tired of the lies and sick of the false promises, take a look at this—it’s the simplest, most straightforward game plan for completely making over your money habits. And it’s based on results, not pie-in-the-sky fantasies. With The Total Money Makeover: Classic Edition, you’ll be able to:

•Design a sure-fire plan for paying off all debt—meaning cars, houses, everything
•Recognize the 10 most dangerous money myths (these will kill you)
•Secure a big, fat nest egg for emergencies and retirement!