Recently I was interviewed by the amazing folks over at madlyjuicy.com in an interview series to talk about how millennials can deal with financial stress (read it here), how they can get out of debt quickly (read it here) and 5 expenses that indebted millennials can cut right now (read it here). A big thank you to the wonderful team over at Madly Juicy for having me give guidance to their audience. Please stop by the website to check out my full interview series - below is a snippet to get you started on the important topic of financial stress and paying off debt.
Troubled by your finances? Rest assured you’re not the only one. Employees from the Millennial generation are the group most troubled by financial stress, according to a recent study led by PwC. Retirement, buying a house, having kids, saving to start a business, those are a few thoughts that populate the Millennial’s mind.
The biggest issue for Millennials is the student loan, because how can they plan for the future when they still have a huge debt to pay? Should they put every dream on hold?
“It’s really important to plan for the future and dream big, reassures Bola Onada Sokunbi, a money coach from New York. Never stop dreaming. Instead, it’s important for Millennials to create a strategy for their debt and for their future selves, at the same time. Since the biggest debt weighing Millennials down is student loans, I would suggest they begin paying them down as soon as they gain employment.”
Bola Onada Sokunbi