/biz/ - Business & Finance

$0. Despite [image], and being out of college for 12 years now, rarely working for much of it ( short lived high pay job -> NEET -> savings run low -> repeat), I either had my $24k in FAFSA loans on deferment, forbearance, or paying bear minimum, the entire time, with the thought that eventually, one of the following would occur:
>I would hit 25 years "good standing" (which includes time in deferment and forbearance), paying only minimum, and remaining loans would be forgiven by Obama FAFSA loan forgiveness plan
>Some liberal politician would forgive part of all of my loans
>A family member would die and I would pay off via inheritance

Eventually, over 12 years, I paid $6k in interest, keeping the balance at $24k. When my father's second wife died, a couple years ago, and he inherited almost $1m, I heckled him about it and how, when I was in college, he would always say, "Sorry, I would help, but I'm too poor," (which was the truth), but now he was loaded, and eventually cut ties with him for a year in anger over him not paying them. After a year, he offered to pay my loans in full, and I started talking to him again.

So, from my total college cost, 5 year in school (switched from English to CS in year 2.5, so needed extra year), I only paid $6,000 for my education, and the rest was paid
>Just as planned

>>51245092
This. I wouldn't sell here (though I also personally sold 50% of stocks holdings just under top in January, when we broke HTF trend, then stopped buying), but this is a huge opportunity. Now (and for the last 9 months) has been cash stacking time. If you look at historical bear markets for S&P since the 80's, a dip of at least 30% is highly likely, and all the way down to -50% is still reasonable.

>Earn much
>Spend little
>Save much
>Buy the dip
>Win big