There is a lot of negative news. Long articles like this one…Ginger

The Secret Shame of Middle-Class Americans

….make it seem like becoming financially free is almost impossible for non-high income people. Additionally there are articles like this one (link) that seem to indicate that the current generation is falling farther behind.

The reality is that winning with money requires a personal commitment – hitting that point that Dave Ramsey refers to as being ‘sick and tired of being sick and tired’. Enter Ginger Zambrano (@gingerzam). Ginger works at a fellow theological institution, Winebrenner Theological Seminary. Here is her story in her own words:

I am 33 years old (according to some charts considered a millennial) and these statistics align with what I have observed in myself and my peers. When we first graduated, the shock of our situation was too much to handle, so many of us did bury our heads in the sand. My first job out of college teaching Kindergarten at a private Christian school paid $18,000 a year, and I had over $50,000 worth of debt. This was a shock in itself since I only borrowed $24,000, but was limited to private loans with high interest rates because I had to claim my parents income on my FASFA. I had a 3.87 GPA but was only awarded three scholarships totaling $2,500 because most considered financial need, which was not accurately reflected on my FASFA. I worked 2-3 jobs the entire time I was in college and only borrowed enough to cover tuition. I thought I was being responsible, so to graduate and realize the situation you are in is extremely overwhelming. When I made these decisions at 18 years old, I can say that I absolutely had no idea what I was getting myself into.

However, here is where I see hope. There is a point when you can stop living in denial about your situation and begin to accept it and deal with it. I am happy to report that I will not be paying on my student loans when my kids are in college anymore because we worked hard, lived simply, and put everything extra we could find towards my student loans to pay them off early. Many of my friends are adopting the same mindset and taking control of their situation.

All that to say, I think it is a broken system, but millennials are resourceful enough to repair the damage. My prayer is that those of us that have already gone through this broken system can prevent the younger generation from blindly following it. That is my two cents! 🙂

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