May Update 2013

As you can see, what I owe actually increased this month! X_x 
I can thank compounding interest (and a 15 day lag in my first paycheck) for that. Uggggghhh!

Also, in the news this week: under the Bank on Student Loans Fairness Act Senator Elizabeth Warren is currently fighting to get student interest loan rates -- set to got to 6.8% (which $34k of my loans are already at - eep!) -- down to the interest rate of banks (0.75%). I hope this goes through. It would be great! 

Call and write to your Senators folks -- you can email them through these links:

I just wrote to mine:

I am not happy at all about owing more now than a did a month ago. But now I am all the more determined to zap away this bogus suck cost (my student loans!). I am definitely not afraid to face "The Red"-- unlike our friend here:

I think part of the key is to kind of think rich, or focus on abundance rather than debt. Here's part of what I'm talking about; ways the rich think differently from the middle class (from here:

  • Middle class focuses on saving. The wealthy focus on earning.
  • Middle class believes hard work creates wealth. The wealthy believe leverage creates wealth.
  • Middle class believes money is earned through labor. The wealthy believe money is earned through thought.
  • Middle class worries about running out of money. The wealthy think about how to make more money.
  • Middle class operates from a fear based consciousness. The wealthy operate in a consciousness of abundance, freedom, opportunity and possibility.
  • Middle class believes getting rich is outside their control. The wealthy know getting rich is an inside job.
  • Middle class sees money through the eyes of emotion. The wealthy see money through the eyes of logic.
  • Middle class has a lottery mentality about money. The wealthy have an action mentality.
  • Middle class sets their financial expectations low so they’re never disappointed. The wealthy set their financial expectations high and get excited.

Also, I've started reading a personal finance blog called Afford Anything, skimming through a great site about student loan management called SALT,  perusing budget templates at Budgets are Sexy, and will be reading a book that came out this month called Don't Go Back to School

And finally, I leave you with this:

The Daily Show with Jon StewartMon - Thurs 11p / 10c
Stay Out of School
Daily Show Full EpisodesIndecision Political HumorThe Daily Show on Facebook

Happy Student Loan Annihilating and Dream Following!

Sorry for the late and lackluster post. My job has me traveling like whoa so they'll be a bit skim til around July -- once I get into the rhythm of things. But stay tuned!

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