|I read this book a couple|
of years ago. It was helpful.
Ok so I have a lot of student loans. Why? I don't know. I knew a lot about money and investing before I took out the loans, yet I still managed to do the dumbest thing I've ever done in my life: take out more student loans than I needed. Reading all these books that I'm reading has made me see that all of this happened for a reason. I put myself in this situation for whatever reason. I think it's to make sure other people don't make the same mistakes and for people that already have, I want to help them. Don't you need to help yourself first? Yeah, I do. I'm doing that.
So have you heard of the Website Kickstarter.com? It's a cool crowdfunding website that allows normal people like you and me to broadcast their dreams and ask for funding from other normal everyday people. People donate the money. Yes, just totally give it away, no loans, no grants, just giving. I'm always on there. It's one of my favorite sites — ever! I love knowing that my little $1 or $10 donation is helping to make someone's dream come true. It's all kinds of cool exploring new coffee table books, new lingerie designers, new dress designers and the list goes on. Russell Simmons said, "If you are a good giver, you will be great getter". I so believe that. My grandmother always taught me that whatever you give will come back to you... maybe not from the same person you gave it to, but you get it back.
So, inspired by KickStarter, I came up with this idea for crowdfunding student loan debt? I said on Twitter this weekend that so many young people are plagued by student loans and it sucks because if we didn't have student loans to pay off we could better contribute to society and the economy. What if there were a Website where hundreds of thousands of people (maybe even millions of people could go to help other normal people to pay down their student loans? Would you donate? Would it have to be tax-deductible for you to want to help?
Did you know that Americans have accumulated well over $900 billion in student loan debt? That's higher than the total amount of credit card debt in the United States. It's really ridiculous and there really is no help for middle class educated people. There's so many resources for the poor and of course we need that, but if these normal, educated middle class people were free of their educational debt, there would be more people willing and able to help the truly less fortunate. Right? Yes, you have your own student loans to pay off, but what if you knew that $10 you donated to help someone else along with the $10 donations of 9900 other people could help pay off someone's $100,000 student loan in one day. What if you knew that that person was so grateful for no longer being strapped with debt, that they began to donate 10% of their income back into the Website to help others, thus causing a domino effect.
There are so many amazing organizations to help children, animals, the poor, the arts and libraries, but what about normal middle class people that are really struggling to make ends meet or working at jobs they hate just to pay back student loans?
So, my questions to you is...
(please participate in the poll)