Track Titles To Say What?? Copyright (c) 1999-2014 Mark Turns.
1). Five Years Is Too Long To Stay On Any Job?
3). War On Poverty? Hah!
I feel that education is very important but, not at the expense of staying in debt for 10-20 plus years, if not for the rest of your life. Student-loans are considered debts and they do go on your credit-report. It will also affect your income-to-debt ratio too. If your income-to-debt ratio is at or greater than 35% it will be difficult for you to rent, get a mortgage, buy a new vehicle or to get a loan for anything unless, you have something of value that will secure the entire value of that loan(s). Lets not forget that medical-bills, tax-liens, alimony, spousal-support and child-support are also considered debts and are reported to the credit-bureau as such just like any other debts. There are many people who are struggling to pay one, some or all of the above-mentioned debts all at the same time. These are also some of the major reasons why many people may not and will not be able to retire. The word and phrase “Education” and “You must have an education” have both been exploited for several years as a means for profit.
There are many people whom have lots of education that cannot find a job. The ones whom are fortunate enough to find a job, that job may not pay in accordance to their level of education. In other words, they’re making a lot less than what they should be. Even with the available scholarships and grants for school and college you may still end-up being stuck with a huge debt(s). If you default on your student-loan(s) it will hurt your credit-rating. Even if you ask for a deferment on your student-loans the student-loan company may still report you to the credit-bureau as delinquent along with the interest that may still add-up on that student-loan(s). Furthermore, the debtors can also garnish your wages, tax-returns, lottery/gambling winnings and can also place liens against your bank-account(s), savings, retirement(s) and any other properties and assets as allowed by law if you default on your student-loan(s). This process can go on for several years including, for the rest of your life. If you default on your student-loan(s) you may also end-up owing double, if not 3 times or more of the original amount of the student-loan(s). This will also affect any and all co-signers on any and all student-loan(s) as well as the actual signer for the student-loan(s). This has also caused many people to unintentionally as well as intentionally, become poor stewards of their finances. In this situation, it’s more about survival and trying to live. Consumer Credit Counseling and Debt Management programs are of very little help, if any in these situations because the bottom-line is that the creditors are still going to want their money, regardless. Plus, you’ll still have the default(s) on your credit and your income to debt ratio may still be very near, at or greater than 35%. You currently cannot write student-loans or child-support off in bankruptcy. When it comes to student-loan forgiveness programs that may take up to 10 years to complete, that’s no help especially, when your life, your finances and your credit is being ruined and disrupted in the present which could also have negative affects on your future.
How do you determine if a student-loan(s) is affordable? If that student-loan(s) makes your income-to-debt ratio VERY near, at or greater than 35% that student-loan(s) is not affordable. The additional way to figure is if you can’t make your whole-entire monthly rent or mortgage payment AND your monthly student-loan(s) payment together out of one of your bi-weekly paychecks that student-loan(s) is not affordable. This is with regard to your normal everyday living-expenses. When you go to school or college you still have to live and you need money to live on. Refinancing options for student-loans may be available but, all of the above-mentioned must still be considered. Sacrifice and taking responsibility can become very grey areas especially, when it comes to student-loans and expenses because you yourself, may end-up being the actual sacrifice in a non-positive manner. Investing in one’s future is positive but, it can also have a very negative effect or outcome. Think about this. What if an emergency arises to where you have to apply for a loan to remedy the emergency situation or problem but, due to your income to debt ratio being VERY near, at or over 35% you can’t get the loan? Now what? People more often than not, are not going to be sympathetic about you being in school and having student-loan debt(s). Life happens and life is not going to wait. It’s been said that if you make good choices things will be fine. The reality is life doesn’t always turn out the way you may think or may expect. There have been many people whom were law-abiding citizens whom have had their lives changed by being critically injured or killed by drunk-drivers. The law-abiding citizens were doing all of the right things in life but, they didn’t know that their lives would be changed by unintentionally crossing paths with those drunk-drivers. This is just one example among many others. It’s important to make good choices but, you never know what life may have in store despite your choices. Think about the example that I’ve given earlier about college-graduates whom either can’t find a job or get a job that pays in accordance to their level of education.
The qualifying process for getting scholarships and grants should be simple. If the cost/loan of that school or college makes your income to debt ratio very near, at or greater than 35% you should automatically qualify for a full scholarship or grant. After all, society is preaching education so therefore, there shouldn’t be any difficult hoops, guesswork and hurdles to go to school nor to get monies to go to school, period. Furthermore, there shouldn’t be any difficulties getting a job that pays a livable wage. The media will mainly show students/graduates who have successfully completed college and may have gotten good jobs however, the media will very rarely show college students/graduates who’s lives have been ruined as a result of student-loans. They have a college degree(s) but, their lives are ruined. Many people are in this situation and sadly enough, many more people will end-up in this situation if the current student-loan structure stays as it is and isn’t changed. The people, the schools and the companies promoting these student-loans are fully-aware of this. Recent statements have claimed that college-educated people stay married longer and happier. I have news for you. College graduates get divorced too just like everyone-else. Plus, if the person that they’re married to has student-loan debt and they, themselves have student-loan debt they may have no choice but to stay “Happily Married” especially, if one or the other knows that they may have to pay their spouse child-support or spousal-support as well as their spouses expenses/debt, if they do get divorced. Get the picture? When you marry someone their debt automatically becomes your debt, regardless of current or preexisting debt. It’s unfortunate that many people have married someone whom was dishonest about their true financial and employment condition and then the truth came out after they were married. This still happens. Military-personnel and public-employees who are legally-married their retirement through his or her employer is considered marital-property. What this means is before the military or public-employee can draw or receive their own retirement his or her spouse will have to sign for him or her to receive their retirement. This also includes divorces. There’s also the existing possibility of one of the married couples losing half if not all of their retirement(s) and other assets to their spouse, if they do get divorced. Another reason why many people continue to work past retirement age is because, there may be a legal clause in their divorce that his or her spouse receives half of his or her retirement when they do retire. The spouse whom may lose half of his or her retirement to their spouse in a divorce may then be left with less than enough income necessary to retire/live on so this is why he or she may keep working.
The difference between then (the mid-1970’s and prior) and now is that student-loans did not go on your credit unless, they were through a traditional bank/financial institution. College wasn’t as expensive as it is today and there were many people whom were able to work their way through college. Furthermore, many people had tremendous financial assistance that may have also included inherited wealth from their parents or relatives in paying their way through college and also in starting businesses. There are many people whom are successful but at the same time, they may be stuck with student-loan debt that may have turned their lives upside-down in a negative way. Are you also aware that if you and your spouse live in a community-property state and you split-up the other spouse may have to pay their spouses student-loan debt even if they, themselves didn’t sign or co-sign for their spouses student-loan debt? The same could also happen if the the couples live in a community-property state and then their spouse dies. Couples who live together in states that currently recognize common-law marriages could possibly end-up in these situations too. It’s a good-idea to be mindful of whom you live with in states that recognize common-law marriages. especially, if you aren’t related to him or her by blood or by law. A law was passed in June 2015 recognizing same-gender marriages in all states and there are still legal penalties for bigamy too.
People have remarked that a person is nothing without an education and that they wouldn’t marry anyone who doesn’t have an education. This can easily be a two-way street because, taking in view of what you’ve just read and listened to, so far would you marry anyone who has a lot of student-loan debt? Or who has student-loan debt that they can barely pay, if it all? Would you marry anyone who has a lot of debt, period? Question? Why are people age 30 and up still paying student-loans that they took out at age 18? They shouldn’t be however, the way that many student-loans are currently structured this may be a reality for many people. Don’t be fooled by appearances just because a person has a fancy car, a fancy house and dresses nice because, they may not have anything but bills and expenses, period. What is their net worth? Now lets go on.
Many of the financial-relief and the financial-gain suggestions that have been offered to and are still being offered to the working-class and to the poor may end-up exploiting them along with making them more worse off financially including, financial ruin. Furthermore, many if not all of the financial-relief and the financial-gain suggestions that have been offered to and are still being offered to the working-class and to the poor may just be sophisticated schemes for profit, control and dictatorship to primarily benefit the wealthy and to exploit the poor and the working-class. It takes money to make money as well as to resolve financial difficulties, period. Tuition reimbursement programs for higher-education are of very little help if any especially, if you’re already having financial challenges or are underemployed. Predatory lending practices that also include housing and financial-assistance for higher-education just to name a couple of areas can end-up becoming VERY costly to consumers. When it comes to refinancing a home or property you have to be careful because, you may end up actually owing more on that home or property than what that home or property is actually worth. Think about it. Not just with current higher-education costs and healthcare-costs, there are also MANY other areas where this all will apply too. Just think where ALL of this money really goes. https://m.youtube.com/watch?v=2kgBkcx4k94 (Just Think) Where is your money going? It could also be true that (Subconscious alcohol)
is where your money is going to as well. I would like to take a few moments to touch on the subject of society criticizing adults who still live at home with their parents. Guess what? The famous Paul Harvey “The Rest Of The Story” quote along with his relative quotes need to be applied regarding this subject. The adults who still live at home with their parents are not bad, irresponsible people nor are they significant cases as compared to many other people, couples and households in this society. Listen to the following sound-clip (What Is The Difference?)
and see why. There are many adults, couples and households that do fall-under one, some or all of the scenarios and situations that are mentioned in the above-mentioned “What Is The Difference?” link/sound-clip. People are TOO concerned about what other people may think and this is one of the things that gets people into trouble that also includes financial hardships.
If you default on your child-support or are delinquent on your child-support payments this will hurt your credit-rating. The courts can also garnish your wages, tax-returns, bank-accounts, lottery/gambling winnings and can also place liens against your retirement(s), properties and any other assets as allowed by law for child-support. If you’re not careful, you could possibly end-up paying child-support for a number of years including, for the rest of your life. Additional legal actions can also be taken if you refuse to pay or if you’re delinquent/default on child-support, alimony or spousal-support. Child-support doesn’t cease when the child(ren) turn the age of majority as long as back child-support is owed, period. It makes NO DIFFERENCE if the child(ren) are at or far above the age of majority. In other words, there are no statute of limitations on child-support. In this current society women as well as men do pay child-support. It’s true. Before I continue, I would like to say something about the current Social-Security System. They raised the Social-Security retirement age from age 62 to age 67 because, the excuse given by officials is that people are living longer. That’s a weak excuse. People deserve to enjoy life when they work hard. I feel that the Social Security retirement age should be moved back to age 62 because, it seems that many officials are hoping that you’ll die before you’re old enough to collect it so that they can keep what you’ve paid into Social-Security. That’s totally unfair as well as another cleaver scheme for profit to benefit the wealthy. Just think. If just 5000 people whom have worked and paid into Social-Security pass-away before the age of 67, think about how much money that is.
I think that there should be a law abruptly passed making it illegal for employers or anyone to check your credit whenever you apply for any job or use credit as an excuse to terminate your employment because, that’s discrimination. Furthermore, credit has nothing to do with how well that a person performs their job. Every time that an inquiry/check is made on your credit within a 6 month-1 year time-line this can hurt your credit especially, if there are several inquiries/checks made against your credit within the above-mentioned time-line. This is the other reason amongst other reasons why that many people have given-up as far as seeking employment. Question? If a persons credit is going to be used as one of the determining factors in them getting employment, then why would anyone take a chance on going to college along with using student-loans or any other financial resources to pay for college? Think about it. There are many times, when risk and foolishness are two totally different things. People also realize that there are times, when politics can also be a factor while seeking employment. Listen to the following sound-clip titled: “Qualified Person Or Candidate.”
I think that jobs should be brought back such as the jobs at General-Motors, AT&T and Anheuser-Busch where the people were making good-pay right out of high-school and could support themselves and a family. Society doesn’t have any issues with professional athletes making millions of dollars per year along with supporting them but, they have issues with people whom are willing to work earning a livable wage. Something is wrong with that picture.
Another thing to keep in mind, is when people say that 3-5 years is long enough to stay on a job this can hurt you especially, when you apply for housing and credit. If the lender sees a job-hopping pattern or pretty much instability in your employment history this can hurt you as far as getting housing and credit. In other words, the lender may be very hesitant. Longevity on a job can be a big help when applying for credit. Longevity on a job can also play a key role when applying for a job because, if a potential employer(s) sees instability in your work-history this can hurt you when being considered for a job. Overlooking potential employees for employment because they’ve stayed on a job or in a position for what many may consider to be too long is a form of discrimination. If you’re already rich and have money then none of this may apply to you however, think about all of this seriously and deep. The other thing to think about is unless, you have a full-time job or position making 300-plus dollars an hour, how would you be able to save/plan for retirement if you only stay on a job 3-5 years? Full-benefits and job-security are important on every job too.
Here are a few important questions. The people, regardless of who they are that may try to pressure you into going to school and taking out student-loans what financial positions are they willing AND able to take to relieve you of those student-loan(s) and your other bills if something happens to where you are unable to comfortably pay and keep current those student-loan(s) along with your other everyday living-expenses? I’m also speaking in terms of if you either cannot find a job or get a job that pays in accordance to your level of education to pay your student-loans and your living expenses. Will they also be able to prevent and remove the bad credit-rating(s) from your credit that directly and indirectly resulted from the delinquent and defaulted student-loans? Furthermore, are they willing AND able to relieve you of those student-loans and liens with no obligations, whatsoever? These same questions also apply to any and all school and tax-levy measures that may not legitimately be needed. Remember. It’s your credit, your future, your assets and your finances that are potentially going be at serious risk. Not theirs. Why would you line the pockets of another person(s) or institution(s) pockets at the expense of your own pockets becoming MORE empty? Think about it. In other words, how’s that really going to be beneficial to you? Who’s REALLY reaping financial benefits between the school(s) and the student(s)? You may get an education however, you still need money to live on. When it comes to student-loans, medical-bills, taxes and child-support the creditors, The Government and the legal-system are not going to take no, maybe or I’ll think about it or any other similar answers as far as them being paid. When it comes to school and student-loans there’s a VERY thin line between making excuses and facing reality. The question “What can you do without an education?” has always been brought up however, what kind of future would you really have being loaded-down with student-loan debt along with your other living-expenses despite you having a job and an education? What kind of future would you really have being legally-married to someone in the same situation? One or a few major medical-bills could cause everything to be destroyed financially. When you take on student-loan debt or if you’re thinking about marrying someone whom has student-loan debt this is something additional to think about, regardless.
Education is currently being viewed as an investment by many people but, isn’t it true that you’re suppose to receive a good return on your investment? Example. If you go to college and borrow 30-45 thousand dollars in student-loans and then graduate college, owing the 30-45 thousand dollars but, you can only get a job making 30 thousand dollars a year. With respect to your other living expenses and the interest on the above-mentioned student-loans you’re not really getting any return on your investment because, your income to debt ratio may be near or greater than 35% and you have to figure in the actual monthly cost of the student-loans which may end-up being a huge portion of your net monthly income along with your other living expenses. Investment? Or liability? In the above-mentioned scenario you’re actually losing money. You also stand a chance of losing more money if you cannot find a good-paying job. Or if something happens that causes you to be delinquent or to default on your student-loan(s) which can in turn, affect your credit, your other bills and your other living expenses in a negative way.
Think about this. What if you and your spouse are buying a home or own a home and then one or the other dies? Your spouse may have willed you and possibly your family members their portion of the house however, if the spouse who died has delinquent or defaulted student-loan debt, the student-loan creditors can put a lien against that property meaning that you and your family members may end-up with VERY little or nothing at all. This would all depend on the actual value of the property and the amount of the delinquent and defaulted student-loans. This same thing could also happen if a spouse who dies owes delinquent child-support too. People have remarked that college graduates make more in a lifetime than people who have just a high-school education. That depends. The college graduate may be making more however, depending on their salary, if the college graduate is paying out a good portion of their higher-income to student-loans over a long period of time along with their other living-expenses, they’re not really making any money at all. In this situation, their education is primarily status. It’s simple math. If you’re paying out more than you’re bringing in, you’re not making any money. It’s even MORE worse if you can’t find a job or if it takes you a long period of time to find a job. What adds more to the problem is that there are employers that may tell college graduates that they’re over-qualified because of their college education. If you were to start school or college and borrow 30-thousand, plus dollars to pay for school or college and you have no job to start with, guess what just happened? You’ve potentially destroyed your income to debt ratio from the very start. Even if you have a limited or part-time employment, it may still be the same deal regarding your income to debt ratio. If you’re already rich and have money then this whole matter may not concern you.
If it’s a situation where you have the money to fully-pay for 2-4 years of college without the assistance of any student-loans and you get a good-job making a very decent salary then you MAY consider college a positive investment that may open up many opportunities. Does a college-education open up opportunities? This can be a yes and a no when you take in view, ALL of the above-mentioned. There are no guarantees but, if you do attend college or a technical school make sure that they’re fully-accredited.
http://lilgoat.com/?page_id=665 (People & Things Are Not Always As They May Seem Or May Sound. Never Assume).
http://lilgoat.com/?page_id=18 (No Oppression. No Gossip)
http://lilgoat.com/?page_id=27 (Subconscious Alcohol)
http://lilgoat.com/?page_id=10 (About Mark Turns)
http://lilgoat.com/?page_id=528 (Food For Thought)