2nd Channel @ZacV2
My TikTok https://www.tiktok.com/@zacrios?_t=ZT-90LyuVCSxLr&_r=1

Chapters
0:00 Subscribe!
1:06 Interest
4:04 Comment
5:04 “Not Paying”
6:17 Can’t Get An Apartment
10:17 Comment
11:113 Insanely High Debt
12:17 Student & Car Debt
13:24 Grandma Cosigned
15:10 Doctor
16:17 Go To School Forever
16:55 Comment
17:36 $170,000 Debt
18:32 Comment
18:55 College Is Over
20:35 Comment
21:15 $100k Degree
22:39 Changing Careers
24:15 Not Knowing Price?
25:12 $20
25:40 Changing Lenders
27:00 Late Payment
28:21 Update

#money #finance #debt

2nd Channel @ZacV2
My TikTok https://www.tiktok.com/@zacrios?_t=ZT-90LyuVCSxLr&_r=1

Chapters
0:00 Subscribe!
0:51 Debt Breakdown
3:24 Credit Card Statement
4:50 How I Got Into Debt
6:03 Gotcha Games
7:39 $7,000 In Debt From Food
9:14 $70,000 In Debt
10:35 Vacations
12:51 Minimum Payments
15:29 Comment
15:44 Back In Debt After Bankruptcy
17:29 Comment
18:09 “Free Money”
19:48 Declining Credit Scores
20:36 Payday Loans
22:00 Comment
22:35 Deadbeat
24:07 $1,200 Car Payment
26:03 Regret
27:37 Not Normal

#money #finance #debt

Because of high inflation and higher costs of living, many women are struggling to make ends meet and drowning in insane credit card debt.

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Education loans are meant to make life easier and more comfortable. But, for me, it backfired. It did the complete opposite of making life easier for me. It just sucked me into a black hole of debt and despair.
My name is Alexandra Blair and this is the story of how I incurred student loan amounting to $1M.
I was the eldest of three siblings raised in an affluent suburb west of Los Angeles. My father, who didn’t finish college, owned a small construction business. My mother, a college graduate, worked mostly as a secretary. I found my true calling while I was still a teenager. Being insecure over my crooked teeth and an irregular jaw line, paved a way towards orthodontics for me.
After high school, I completed my undergraduate degree at a reputed worldwide university in the United States. I paid for my college tuition with money from my parents and by waiting tables at the small, cozy café near the school’s campus.
My parents had helped in paying the college tuition for all of us, that is, for both of my younger siblings too. But, Graduate school wasn’t part of the deal because they were unable to afford it being middle class and all.
I met and married my husband while at the undergraduate school, and graduated debt-free from there. I picked the USC dental school for my higher studies because of its prestige and because I wanted to live closer to my parents. My husband had no problem with it and he was exploring the opportunities in his own start-up business.
The dental school’s financial-aid director estimated that the basic four-year program would require $400,000 to $450,000 in student debt, including interest. My husband and I concluded that dental school was a good investment, given the salary I expected to earn.
I was like, we could make this work. There are certain things that are okay to go into debt for: a house, an education, a car.
So, we packed up for California in the same spirit. I got a job at USC as an administrative assistant, which provided a tuition discount. Our calculations were partly based on low interest rates that the federal government had set for students at the time. In the 2004-2005 school year, the rate for college and graduate students was 2.77%.
The following school year, which was my first year at USC, rates jumped to 4.75% for my loans. Those turned out to be the cheapest of the 50 loans I needed to finance my education. Unlike consumer loans for cars or homes, college students typically take out multiple loans each year—often at different interest rates, depending on what is available.