This is perhaps my favorite thing about it all: So you just increased your salary $46k/yr. Even while paying back Lambda School you’re way ahead, so learn to live without that money and invest it. You become a millionaire retiree without changing your standard of living at all.pic.twitter.com/9Yf0aHG6Z5
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Austen at lambdaschool, let’s check it out
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It’s really just debt snowballing what you’re describing, but man. So powerful if you can help your students actually implement that. Might be the most life changing principle of anything you do.
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Ya except it’s debt snowballing using both an increase in income that didn’t exist before and a debt that’s scheduled to disappear
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Hey
@NextGenPF lambda is going to have a lot of folks who need your help!Thanks. Twitter will use this to make your timeline better. UndoUndo
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I'm sure you've thought of this already, but eventually you should consider offering the investment piece as a free or low fee service. "Keep paying and we'll invest it in a fund for you." (Vanguard ETFs, maybe an IRA) Good defaults and easy choices can make a huge difference!
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This is what I did with student loan debt. As soon as my loans were paid off, I just made that same payment amount as an increase to my 401K since I was already used to not having the $.
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The financial education component is so crucial. Love it Austen.
#LambdaChangingLivesThanks. Twitter will use this to make your timeline better. UndoUndo
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You should start a pension fund for Lambda Alumni that they can opt-in to after they’ve paid off Lambda!
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Get rich slow it works every time!
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