Comments on: The one thing I would teach a recent college Grad http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/ Christian Personal Finance - Financial help blog, debt help and other financial resources Tue, 14 Feb 2012 21:22:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Blackheaven1 http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/comment-page-1/#comment-171254 Blackheaven1 Tue, 07 Feb 2012 14:02:14 +0000 http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/#comment-171254 I have a little less than $5000 more to pay off on my car loan. I am trying to get accepted to a good 4 year college one that is going to cost me about $36,000 a year. I am currently entering my second year of community college. I want to get a $40,000 loan. My credit score is about 730. Would getting a $40,000 loan for my junior year and another $40,000 loan for my senior year be a problem? Also, is it legal for me to use $5000 of the first loan to pay of my car loan?. I have a little less than $5000 more to pay off on my car loan. I am trying to get accepted to a good 4 year college one that is going to cost me about $36,000 a year. I am currently entering my second year of community college. I want to get a $40,000 loan. My credit score is about 730. Would getting a $40,000 loan for my junior year and another $40,000 loan for my senior year be a problem? Also, is it legal for me to use $5000 of the first loan to pay of my car loan?.

]]> By: finance money | Money matters !!! http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/comment-page-1/#comment-9024 finance money | Money matters !!! Tue, 30 Dec 2008 01:24:48 +0000 http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/#comment-9024 [...] Einstein said that compound interest is the most powerful force in the universe. This is a perfect reason to get started investing today [...] [...] Einstein said that compound interest is the most powerful force in the universe. This is a perfect reason to get started investing today [...]

]]> By: Megan http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/comment-page-1/#comment-4301 Megan Wed, 11 Jun 2008 16:02:06 +0000 http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/#comment-4301 Hi Bob. I have a question for you. I am a recent grad who had a job and a retirement account during the two years of post-college to starting grad school. Now I'm just starting grad school with student loans and I wanted to find out if it's best to stop adding to it until I graduate. Also, what's your opinion regarding tithing while in grad school on student loans? Thanks! Hi Bob. I have a question for you. I am a recent grad who had a job and a retirement account during the two years of post-college to starting grad school. Now I’m just starting grad school with student loans and I wanted to find out if it’s best to stop adding to it until I graduate.

Also, what’s your opinion regarding tithing while in grad school on student loans?

Thanks!

]]> By: Gordon J. Bernhardt http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/comment-page-1/#comment-2441 Gordon J. Bernhardt Sat, 09 Feb 2008 02:45:39 +0000 http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/#comment-2441 I agree with most of this--saving into a Roth IRA for five years. If one feels this is unable, the goal should be to save a minimum of 10% of their gross income. However, I would say a small cap value index fund would be better than a S&P 500 Index Fund. However, as the account grows they should diversify into a S&P 500 Index Fund, large cap value index fund, small cap index fund, international index fund, etc. This will most likely perform better and may have lower volatility than just placing it all in a S&P 500 Index Fund. Nevertheless, your advice is great! I agree with most of this–saving into a Roth IRA for five years. If one feels this is unable, the goal should be to save a minimum of 10% of their gross income. However, I would say a small cap value index fund would be better than a S&P 500 Index Fund. However, as the account grows they should diversify into a S&P 500 Index Fund, large cap value index fund, small cap index fund, international index fund, etc. This will most likely perform better and may have lower volatility than just placing it all in a S&P 500 Index Fund. Nevertheless, your advice is great!

]]> By: nick http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/comment-page-1/#comment-1623 nick Sat, 12 Jan 2008 23:33:13 +0000 http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/#comment-1623 I'm a recent college grad, I graduated at 19 with my bachelor's in Digital Arts & Design, and am now making over 45k a year in my first job out of school, and actually am setting up my 401k through my company as we speak. They will be matching me 100% up to 4% of my salary as I put that from my paycheck into my 401k. I'll be maxing this out, as well as hopefully starting up a separate RothIRA here as soon as it is affordable. I have over 60k in debt from school, and I'll be paying that off as quickly as I can, so its tough to decide what to put into the 401k and Roth, but I know I'll benefit so much more from starting those accounts at 19 then just paying off school as quick as possible in the long run. Loved the article, makes perfect sense, thanks a lot!!! I’m a recent college grad, I graduated at 19 with my bachelor’s in Digital Arts & Design, and am now making over 45k a year in my first job out of school, and actually am setting up my 401k through my company as we speak. They will be matching me 100% up to 4% of my salary as I put that from my paycheck into my 401k. I’ll be maxing this out, as well as hopefully starting up a separate RothIRA here as soon as it is affordable. I have over 60k in debt from school, and I’ll be paying that off as quickly as I can, so its tough to decide what to put into the 401k and Roth, but I know I’ll benefit so much more from starting those accounts at 19 then just paying off school as quick as possible in the long run.

Loved the article, makes perfect sense, thanks a lot!!!

]]> By: personal finance money tips - January 12, 2008 | KCLau's Money Tips http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/comment-page-1/#comment-1594 personal finance money tips - January 12, 2008 | KCLau's Money Tips Sat, 12 Jan 2008 01:02:38 +0000 http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/#comment-1594 [...] presents The one thing I would teach a recent college Grad posted at Money in the Bible | Christian Personal Finance Blog, saying, “The one piece of [...] [...] presents The one thing I would teach a recent college Grad posted at Money in the Bible | Christian Personal Finance Blog, saying, “The one piece of [...]

]]> By: PT from Prime Time Money http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/comment-page-1/#comment-935 PT from Prime Time Money Mon, 17 Dec 2007 15:59:25 +0000 http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/#comment-935 Great advice. Great advice.

]]> By: Debt Consolidation Lowdown » Blog Archive » Carnival of Debt Management #33 http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/comment-page-1/#comment-933 Debt Consolidation Lowdown » Blog Archive » Carnival of Debt Management #33 Mon, 17 Dec 2007 03:40:15 +0000 http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/#comment-933 [...] presents The one thing I would teach a recent college Grad posted at Money in the Bible | Christian Personal Finance Blog. The one piece of financial advice I [...] [...] presents The one thing I would teach a recent college Grad posted at Money in the Bible | Christian Personal Finance Blog. The one piece of financial advice I [...]

]]> By: bob http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/comment-page-1/#comment-679 bob Wed, 05 Dec 2007 18:26:50 +0000 http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/#comment-679 @Minimum I am sorry it worked out that way for you after college, I know it can be difficult to find a good job after graduating. But I think that a pay decrease after college is an exception rather than a rule. Quite often college grads have a lot more money once they get a job than they did while in school. This was the reason I focused on them, normally that extra income goes to wasteful things and I wanted to point out something valuable that could be done with it. As far as retirement savings - The key is to start with something - even if it is $10 a month, work it out of your spendable cash and into savings. Keep increasing it as your income rises and debts are paid off... @Minimum
I am sorry it worked out that way for you after college, I know it can be difficult to find a good job after graduating. But I think that a pay decrease after college is an exception rather than a rule. Quite often college grads have a lot more money once they get a job than they did while in school. This was the reason I focused on them, normally that extra income goes to wasteful things and I wanted to point out something valuable that could be done with it.

As far as retirement savings – The key is to start with something – even if it is $10 a month, work it out of your spendable cash and into savings. Keep increasing it as your income rises and debts are paid off…

]]> By: Minimum Wage http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/comment-page-1/#comment-672 Minimum Wage Tue, 04 Dec 2007 18:55:22 +0000 http://christianpf.com/the-one-thing-i-would-teach-a-recent-college-grad/#comment-672 <i>You have the choice to spend and buy whatever you feel like which will likely put you in heaps of debt. </i> --------------------------------------------------- ??? When I graduated (and therefore became a non-student), I took a pay cut. I lost my on-campus janitor job and replaced the lost income with a job paying just above minimum wage. I graduated with student loan debt and today I still have student loan debt. Today I live on macaroni and cheese and other cheap staples. Not only do I fail to see how it is SIMPLE to retire well off, I have difficulty imagining ever being able to retire at all. You have the choice to spend and buy whatever you feel like which will likely put you in heaps of debt.
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???

When I graduated (and therefore became a non-student), I took a pay cut. I lost my on-campus janitor job and replaced the lost income with a job paying just above minimum wage.

I graduated with student loan debt and today I still have student loan debt. Today I live on macaroni and cheese and other cheap staples.

Not only do I fail to see how it is SIMPLE to retire well off, I have difficulty imagining ever being able to retire at all.

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