So the total loan is about $30,000? If your income is going up, you will probably end up making higher payments anyway.
Elizabeth, here's another question you might be able to help out with from DanC.
Hi Dan - I'm not familiar with these. Do you have any more information, or better yet could you pass a long a link to these products?
We're just about out of time, so while we wait to see if we hear back from Dan, maybe you can offer some advice to Harper.
In general, Dan, just make sure you take a good hard look at all the legalese around investments. Get a prospectus. Find out it the investment is registered with the SEC or another regulator. Always be critical and skeptical in evaluating new pitches for investments.
Hi Harper - If you're worried about the big-picture of your finances, you can always consider consulting with a fee-only adviser, such as one through NAPFA or the Garrett Planning Network.
They may be able to offer you a better detailed roadmap to success than we can in this limited space. Thanks for writing!
Alright, we'll go ahead and start wrapping up. I think we're just waiting on some advice for Khoa152. I don't want to cut off any of our hosts!
Anyone have anything else to add?
Thanks for the great questions, everyone! Gives us so many ideas for future articles!
As Kim said, thanks to all who joined us today! Again, it's very encouraging to hear from so many young people out there who are planning ahead and thinking about money management.
And a big thanks to Kim, Stacy, Jane and Elizabeth for volunteering your time today! We’ll definitely host another “Starting Out” chat in the future.
Bye, all, and thanks for the questions.