, I never created the habit of saving for retirement. So when I started saving for retirement at age 31 after my debt was paid off, it was in chunks.
When your net worth is negative for so long, getting to zero seems amazing. But when the high of paying off debt wore off, I realized I was starting at ground zero for retirement savings. I often wonder how I'd feel psychologically if I had several thousand saved by the time I had paid off my debt. Money is very emotional and psychological. While I was paying off my debt, that's what felt like the "right" decision at the time because my debt had caused me so much anxiety and stress. Little did I realize that more of that was waiting for me around the corner.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why student loan debt forgiveness makes more sense than paying - Business InsiderA financial counselor swamped with $350,000 of student debt explains why he's banking on loan forgiveness — and shares how he managed to pay $0 in 2019 Financial counselor? Wow, that’s a terrible resume bullet to already have. A financial counsellor with 350K student debt? As a hedge we are having our kids take out loans even though we are able to pay for college without them. Since Bernie’s plan is not means tested I suggest everyone else in a similar situation do the same.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Why one quantitative analyst says stocks may have seen their ‘darkest day’On coronavirus concerns and the market: “If the market gets the sense that the global economic downturn scenario is excessive and sentiment follows past patterns, the current situation could in hindsight be seen as the darkest day.'
Source: MarketWatch - 🏆 3. / 97 Read more »