Confronting the Student Loan Debt Crisis
In today's podcast, I'm talking to author and financial literacy expert, Adam Carroll, about his latest project, Broke, Busted, & Disgusted. This documentary is about the growing problem of student loan debt and how it is impacting our country.As a financial planner working with predominantly Gen X/Y clients, I have a front row seat to just how bad student loan burdens are and how they impact our ability to achieve our financial goals. I am glad that Adam created this documentary to shed light on this problem and I hope that it brings about change that so many people desperately need.
What are we drinking?
Adam — Coffee & Baileys
Shannon — Vodka soda with a splash of cranberry (Shannon’s marathon drink)
Podcast Notes
Adam is a financial educator and a self-proclaimed financial literacy junkie.
After he graduated from college, he realized he was a broke professional.
Because of that, he now teaches college students to live like a broke college student so they do not end up like he did when he graduated.
Broke, Busted, & Disgusted was crowd-funded.
Student loan debt keeps you from achieving other goals you want to achieve.
Community college is a great way to get an education and graduate with less debt.
Adam tells his kids he wants them to have an MBA (Massive Bank Account) before they go to college.
A predictor of a student graduating from college is having $500-$1000 in their bank account.
Shannon says today she only uses 5% of what she learned in college, and the rest of what she has learned is on-the-job experience.
Random Three Questions
What is your favorite book you would recommend to someone about financial literacy?
If you could travel anywhere in the world, where would you want to go and why?
What do you do to relax?
Connect with Adam
Documentary: http://www.brokebusteddisgusted.com/