Here are some tips to help you stay in the poor house:
1. Play the lottery. You’re 18 now and somebody has to win, right? It could be you! Except it won’t…
2. Buy the most expensive class ring possible. The more diamonds, the better. After all, high school experiences are measured in dollar signs. $$$
3. Borrow as much money as the bank will let you for college. After all, what’s life without a 6 figure education?
4. Spend obscene amounts on booze and going out with friends, courtesy of the private student loans you took out. Life is supposed to be fun, right?
5. Drop out out college halfway through. That way, you have debt and no degree.
6. Make sure that saving money is the last “bill” you pay every month.
7. Put off learning about personal finance because you’re too young.
8. Promise that your future self, the one who’s making a fortune, will pay off any credit card debt.
9. When you’re driving to school, speed as much as possible so you have some tickets to pay in addition to all your other expenses.
10. Buy a new $60 Xbox 360 game a few times a month. Complain you don’t have any money for school.
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Love #5. Here’s the antidote: partial 4-year scholarship, renewable year to year if your grades are met and you stay in school.
It’s a very big incentive to stay on task! BTDT.