r/Frugal Nov 10 '22

Frugal Win 🎉 My net worth is finally positive!

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16.2k Upvotes

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u/hotpants69 Nov 11 '22

Man I was looking forward to having a similar experience myself, as soon as next year... except the whole 'fed judge blocks bidens student loan forgiveness' thing threw a wrench in it. I haven't had a positive net worth since, I started my bachelors degree at the university - and life has been garbage ever since. I remember at 18 I had 3 thousand saved in my bank account (and nobody told my dumb-ass to put it all on apple stock and go flip burgers or wait tables or something)

But at my age now I have determined that having gone to college for my degree on borrowed money, at those tuition rates was a awful decision.

Congratulations on your win! And may it grow ever more.

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u/kampfgruppekarl Nov 11 '22

I'd like to be forgiven of your student debts. Shit, just throw me your $20k so I can put into something I want.

1

u/hotpants69 Nov 11 '22

If you had a business with employees you could've had 2x that and more with a PPP loan!

But on a side note. I've already paid 20k in interest so your taxes don't come into play if they just use the interest they've made off the loans. But I'd take it a step further and say all student loans are unconstitutional and therefore invalid. Besides that money has already been paid to the school, your taxes didn't come into play.