Oct 16, 2019
One of the biggest things on my mind is millennial debt and the crisis it is creating for our economy. I think about this A LOT, in part because my husband and I discuss his student debt ALL. THE. TIME. Business Insider says that the average millennial earns $35,455. The average student-loan debt per 2018 graduate is $29,800. A recent SuperMoney report found that, since the 1970s, young adults have seen only a $29 income increase, while college tuition has more than doubled” which means that, sadly, we are getting more educated without any financial opportunity on the other side of it.
This topic has sometimes been called “the next bubble to burst” and it’s something that our current democratic presidential candidates have policies around, should they make it into office. The issue is that big!
Because I think this topic is *so* critical for so many people, I wanted to bring back a favorite guest of ours, Robert Farrington who is a Millennial money expert and founder of thecollegeinvestor.com. Robert’s path is a fascinating one - starting with his time working as a manager at Target while blogging on the side, to then making $45,000 a month on his blog to now making multiple 7 figures. Robert focuses on millennials and millennial money, as a major topic of his expertise.
About Robert Farrington
Robert Farrington is a Millennial Money Expert and Founder of TheCollegeInvestor.com.
He is on a mission to help millennials get out of student loan debt and start building wealth for their future. He also helps parents make smart choices about college financing options and navigating the complex world of paying for school.
Through his work at TheCollegeInvestor.com, Robert Farrington has emerged as one of the nation's leading student loan debt experts.
Farrington launched TheCollegeInvestor.com from his home in 2009, while finishing his MBA at the UC San Diego Rady School of Management. Being passionate about investing and personal finance, he wanted to connect with others who shared his passion. Not finding what he was looking for on campus, he created TheCollegeInvestor.com as a resource for young adults about money, covering topics from paying for college and escaping student loan debt, to investing their first dollars after graduation.
Since then, Robert Farrington has shared his successful student loan and wealth building expertise with thousands of young adults, both online, in person, and as a contributor to major publications such as Forbes and Huffington Post.
The San Diego native's drive to help others and "geekiness" have fueled his work as a blogger, journalist, entrepreneur, and family man. Farrington earned a Bachelor's of Arts in Political Science from UC San Diego, and an MBA from the Rady School of Management at UC San Diego.
Passionate about his family, FinTech, and watching the latest Marvel movie, Farrington resides in San Diego with his wife and son.
Also wherever you get your podcasts: https://thecollegeinvestor.com/audio-show/
Meanwhile, we want to invite you into the Backstage Pass Goal Magic Community Group on Facebook. Our group is a very dynamic, supportive, and creative bunch who is full of awesome ideas, is always willing to help, and has already had some amazing conversations about our struggles and goals. We’d love to meet you, and so would our community, so drop us a note to say hi once you’re in!
Here’s to Getting Unstuck,
Cynthia & Brennen