Here is my response to @CalebHammer during his Financial Audit – Student Loan Debt!
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You don’t ever have to pay back a student loan… LOL 😂
Student loans are so cruel. The USA needs to stop College’s/Universities from charging like a wounded bull. In other countries students don’t have that burden.
You could always work full time and not take me out or only use them for a degree that can get them paid off in 2-3yrs… a science degree.
In other countries if you can’t Pay cash you don’t go to college
@Mikolowiska Mikolowiskanot actually true. And when they do pay it’s at a fraction of the rate.
Right, and cannabis should be free also.
Kids need to stop taking out student loans for useless degrees inflating the student loan market
Break the chains of debt!
Pay it off. Student loans are the only loans that compound daily (except for loan sharks). If it was actually normal interest charging with compounding monthly even, then sure, arbitrage.
The words you’re saying aren’t as scary as I feel like you think they are… compounding daily is a higher rate, yes, but not so much higher that it should scare someone.
U telling me this self made millionaire got a loan on a tesla ? 😂
Yeah most times it’s smart. Not thru the dealer tho so you get a good rate no 20% deals 😂
Your obviously not the brightest tool in the shed
@JayPrincewhy you do him like that ☠️. But to be honest, I would rather buy it cash than mortgage it if I were a millionaire. Or pay it off in a year
@Big Boss man : And you, obviously, have never heard of financial leveraging. Though, over leveraging is not good.
@SV yes I have heard of leverage. It may be said to be an advantage over a longer period of time. I know I can make ‘10% iN tHe S&p 5O0’ but I would rather pay cash for little expenses like cars if I were a millionaire. I’m not stupid, it’s personal preference.
Pay it off!
Think its crazy most people get in debt for a degree, really not needed. Don’t know why it’s seen as a bad thing to not have one in the states
I’m a 19 yo dropout and there speaking in a different language
Are you a trade worker? Cause you will be doing better than most of the college folks 😂
I’m with Caleb here, but I understand it’s not for everyone. I think paying off a low interest student loan in full is actually really risky. There’s a lot of speculation as to whether some amount of money may be forgiven and in the mean time the interest is tax deductible. I’d feel physically sick knowing I paid tens of thousands of a lump sum to student loans and there’s a chance it’s forgiven or you could put that money towards much better investments or a business
Definitely true. Depends if it’s a private loan or not. For instance mine is private and will never be forgiven. Also it’s at double his rate 😅
The clownery in this video is unreal
I gotta see their full video. Beem following graham long time. Interesting guy and all but caleb while im listening and watching nowdays, its very basic. Hes got same thoughts as me yet hes in debt himself and stuff so im like wtf lol. Granted his advice is super basic and common sense so luckily i dont mind him giving it but like.. hes git 37k to pay off and in debt. I definitely feel like im more qualified to do such a show and podcast. And thought about it in the past. Lol damn it i need to. For an average joe, im doing extremely well. Caleb help menout maybe i can start a podcast. Give me some info haha. Maybe do a show as well on people that are doing good with their lives and can inspire others?!? Hm
As if the S&P 500 goes up. But if it goes down for three years straight?
Doesn’t matter if he doesn’t sell for decades
@Devin Ward look up japans indexes from 1980 until today. it don’t all ways go back up.
Wait for the government to wipe it off
Why would you pay student loans off if President Biden might ?
Caleb likely has high income too, so he doesn’t feel pressure from that debt.
Turn the tables on our boy Caleb 😂
It’s not just about the interest, it’s about the minimum payment also. Once it’s paid off, you can put the whole lot extra into investing.
Grant is totally wrong on this, his advice is “lose out on your dividend stock payments and also bust a hole in your credit score by paying off the loan too fast”
Graham is trying to give the same lesson Kevin O’Leary (Mr wonderful on shark tank) was trying to explain to him on their interview years ago. Kevin was telling Graham to pay off his mortgage on his rental properties bc graham will feel a great weight lifted once you pay it off (and Graham was saying he didn’t want to pay off the mortgages bc he could arbitrage the money for higher gains). The student becomes the master
“i use that car for driving around”… no way 🤯