One decision we made (albeit a little late) in regards to our careers was to leave the bright lights of the city and move to a more rural location. When our early jobs weren’t working out the way we wanted them to, we made a choice: Go where the money was.
What we gained with the move was an instant rise in income (that has continued to go up) in exchange for living somewhere that others may see as less than desirable. Obviously, there are a lot of downsides to living “in the sticks” as well, but I feel that those have been hashed over plenty of times in pop culture and the mainstream, so I won’t delve into them too much, at least not today. This is a Rural-Positivity thread!
In my last post, we went into some pretty specific details about why I feel that Dave Ramsey’s financial plan doesn’t work for high-debt young professionals. One of the big issues I have with it is that it doesn’t call for any retirement investing until after your student loans are paid off. I think this is the biggest flaw in Dave’s plan, and as much as I love his work and have been personally inspired by him, this point deserves some deeper inspection.
I know what that post title sounds like. You’re thinking, “Here’s another entitled Millennial, complaining about how tough life is.”
I’m going to make a statement right off the bat: Dave, if you’re reading this (verrrrrry unlikely, but just in case), let me just say that there is no one that I need to thank more for getting me interested in personal finance. I know that the title of this post is a little harsh, but it’s really not meant to disparage how good Dave is at what he does. In fact, I’d go as far to say that when it comes to inspiring people to learn about their finances and encouraging them to get out of debt, nobody does it better. It’s a noble mission he’s on, and he’s helped countless people improve their lives through his programs, including me.
It’s almost impossible these days to go on any personal finance blogs that discuss student loans in depth and not see articles/ads/links on refinancing. There are several major student loan refinancing companies right now that are starting to have a large presence online, but newer companies are popping up every day as well. Especially for people that graduated with similar debt to that which we have (interest rates in the 6-8% range), refinancing is almost a no brainer.