From the Hamilton Project, here’s a great tool for calculating the costs of your student loan. It’s important to have an understanding on how much you are borrowing, what your monthly payments will be once you graduate, and how much of the money you owe is actually interest.
As yourself the question – How hard will it be to pay off my loan?
We’ve been telling you that you are all millionaires since we began this series.
Over your lifetimes, you should earn well over a million dollars, some of you will earn even more. Here’s a great article by Yahoo Finance on a 27 year old millionaire – 75-80% of his wealth is through inheritance. For millennials, inheritance might be a major financial component of your future.
Anton Ivanov isn’t your average millionaire.
For starters, he’s barely 27 years old, he doesn’t work in Silicon Valley and he isn’t heir to a family fortune. He doesn’t live in a tiny house or get his food from a compost garden in his backyard, either.
Ivanov, who shares wealth-building tips on his blog, Financessful.com, made his million the old-fashioned way: He read books. He saved early and often. And he started planning his rise to millionaire status before most kids his age had their driver’s license.
“I’m a testament that if you want something bad enough and you keep working towards it … you will get to where you want to go,” he says. “It was my habits and my principles that made me rich.”
Here’s how he did it.