Our millennial debt category contains all Wealth-Hack posts relating to this unfortunately ever pressing topic. Never has it been easier to rack up debt, from student days right through life.
And it’s very often a vicious circle as debts accumulate, the cost to service them goes up and our financial flexibility suffers as a consequence.
However, all hope is not lost! Wealth-Hack aims to provide you Team Millennial not only with the tools required to dig yourself out of debt. But to avoid debt in the first place. Indeed to use the concept behind most forms of long term debt, compound interest, in your favor.
As always, our mission is to educate and inform. To improve financial literacy standards and help millennials make more informed decisions. This category will aim to tackle this by creating posts that will help you explore millennial debt. This includes how to manage existing debts wisely (and quickly). Also, how to make the right decisions to avoid paying financial institutions too much of your hard earned income.