American youth has been sold a bill of goods, get that college education, you will make more money, it will pay off in the long term, buy now, pay later, get student loans! Lenders even market to unemployed people, borrow our student loan, get that degree that leads to employment! Yet, more college graduates are…
Short term advice is difficult to give, unless you are off the cliff and flailing in the sky already. Assuming you are not there, let’s look at some long range tough times Plan B advice. One, of my dozens of cousins, budgets for what he made at his last job, or before his last raise,…
DISCLAIMER: NOTHING IN THIS POST IS MEANT AS TAX ADVICE, CONSULT A PROFESSIONAL Some of my clients were about to pay income tax because of 1099-C forms received on rental properties they had abandoned. I was stunned. These people were bankruptcy clients, who had already filed Chapter 7 and received discharges. So they no longer…
I was in Ann Arbor recently, for a bankruptcy hearing. On paying to leave the parking structure, I noticed the young lady had a thick book she was reading. I asked: “Studying hard?” She smiled wanly and said: “No, I have my bachelor’s degree.” I said: “At least you have a job.” None of my…
