Take Control Tuesday: Student Loan Debt… ‘At Least’ a 10 to 20-Year Commitment

By show of hands… how many of you reading this have student loans? *My hand is up!*

Nigel Carse/Getty Images

Nigel Carse/Getty Images

Today, Housing Counselor and Financial Coach Mansa Musa talks about building a strategy before you get a student loan, what to do if you have a hefty loan now and a quick lesson on “compound interest.”

Listen Here:

“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” ~ Albert Einstein

For Take Control Tuesday’s Mr. Musa is giving away free admission to their next moneysmartlife.org event ($25 value.) This event is for anybody that wants to achieve a goal. Maybe you want to buy the house that you live in. As the city comes back, you have to be financially capable to take advantage of opportunity when it arrives.

If you want to save and send your kids to college; have a decent retirement; or maybe you’re just sick of living from paycheck to paycheck; whatever; come to the event. You will leave with actionable information that you can put to work now to improve your financial wellness.

And at the end of the event I’ll give you a certificate worth up to $7500 dollars in down payment assistance. It is good for one year. Seating is limited so go to MoneySmartlife.org sign up or call 313-626-SMART (7627). Mr. Musa also has 0% interest loans and help with back taxes call 313-626-SMART (7627)

LISTEN TO RANDI EACH WEEKDAY FROM 10AM – 3PM ON Praise 102.7 – DETROIT’S INSPIRATION STATION!

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