My Story: Battling Student Debt to Building Real Wealth.
This is the underlying building block motivating most things that I do…
Hi, I’m Nick and welcome to my newsletter.
Before we get too far into this… yes, my given name is Nicholas.
But usually when someone calls me that my ears perk up because I’m usually in trouble (thanks Mom).
Anyways… back to it.
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I started this journey as a quick way to share what I’ve learned about personal finance with my college friends. We found that as we neared graduation, there were so many things that we were never taught in school…
…that really we should have been.
They weren’t too complex of subjects either. Topics like How to Build a Basic Budget or How to Find the Best Roth 401(k) Provider seem so trivial now, but at the time it was so daunting.
The easiest way I found to kickstart how to learn anything is to talk about it with your friends.
Once I started to openly talk to my friends about these sorts of topics, it accelerated our ability to learn because it didn’t feel like we were in it alone.
One of the first things I looked to tackle was my student loan debt. It totaled $25,000+ but I was super fortunate to drill it down quickly to around $18,000+ after a summer internship.
That’s the point when I really considered my personal finance journey to begin.
And I noticed across my friends that is also where they started theirs – car loan payments, credit card debts, college loan debts, or sometimes a mixture of them all!
Here are my thoughts on why we were each able to get a hold of their finances:
We found resources or mentors with that we could check in and have transparent discussions with
Instead of ignoring our finances, we made a schedule to review the state of our money
We just got started, even if it was with a small step – the key was the start getting momentum
Learning about personal finances isn’t hard, but don’t get me wrong – it isn’t easy either.
So here’s my story – hopefully, it gives you an idea of my journey and the things that I’ve learned so far…
