Debt can destroy lives. Excessive student loans financially cripple millions of Americans who are forced to delay buying a home, starting a family, and saving for retirement because of the huge debt burden they carry. Student loans are one of the few debts that cannot be forgiven in bankruptcy. Once trapped under a mountain of student loan debt, it can be impossible to find a way out. All the world’s religions offer a way to forgive our biggest moral mistakes, but for some financial mistakes we’ve built a system with few opportunities for redemption.
Chapter 10 of my new book, From Monk to Money Manager: Why It’s Okay to Be a Little Bit Wealthy—And How to Make It Happen, will teach you the basics of debt management and how to relieve your crushing debt load. Pre-order it now on Amazon.com.