I Asked College Students How Much Debt They Have

Added: 2026-05-19

[00:00:00]Americans owe $1.66 trillion in student loan debt.

[00:00:10]World record achieved, guys. I think we can stop here. So, today I'm at Arizona State with the loudest truck known to man.

[00:00:18]Isn't that what OJ used? Hug your kids, dads, or otherwise that happens. Dear Lord, help us all. So today I'm at Arizona State, the largest public university in the country, to ask students one simple question. How much debt do you have? Before we hop in, allow me to flip my tassel and throw my cap to delete me for sponsoring this channel. Mayor, your hats fly as high as your dreams. Let's get to it. Tell us how much debt you're currently in across all types of debts.

[00:00:43]>> About $20,000.

[00:00:45]>> Okay, break it down for us.

[00:00:46]>> I got about $12,000 on a car loan and about $8,000 to my parents. What was the eight grand for?

[00:00:54]>> Uh they helped me purchase a car a few years ago that I've kind of been chipping away. I've kind of taken a break on that recently. But uh I do think >> a relationship like you guys are taking a break. It's not going well.

[00:01:05]>> No, no, no. It's it's fine in that sense. I just haven't been making We don't really have a set consistent payment that I've been making.

[00:01:10]>> Oh, you're not paying mom and dad back.

[00:01:12]They're just like, "Hey, when you can one day maybe pay us back."

[00:01:15]>> Yes.

[00:01:15]>> They don't need the They're not hurting for the money.

[00:01:17]>> No, I mean they bug me about it all the time. I just life happens and I'm a college student.

[00:01:22]>> Do they believe that?

[00:01:23]>> Yeah. I mean, they >> they regret lending you money.

[00:01:26]>> I don't think they regret it. No.

[00:01:28]>> Okay.

[00:01:28]>> I bought a car for 16. So, that's where they helped me out with the other eight grand.

[00:01:32]>> Okay.

[00:01:32]>> And then that car that I sold for 16 grand. I spent that money to start my business. And then I also got this new car on a business loan. On a auto loan.

[00:01:43]So, it's kind of a whole shuffle.

[00:01:45]>> You sold that car? I sold that previous car that they helped me with the eight grand on the money 16 grand to help start my mobile detailing business.

[00:01:53]Okay.

[00:01:53]>> And then I also bought a car on an auto loan for my mobile detailing business.

[00:01:58]Um.

[00:01:59]>> Got it. What kind of car is that?

[00:02:00]>> It's a 2014 BMW uh touring wagon.

[00:02:04]>> So I detail out of a wagon.

[00:02:06]>> That's fun. Okay. How's the business going?

[00:02:08]>> It's good. I've been making good money.

[00:02:09]I really enjoy doing it, which is the biggest thing.

[00:02:11]>> What do you charge per car? Like on average a sedan versus SUV? My typical starting rate is between 190 to 230. Um, I would say average, sometimes I'll sell higher packages. I'll do also maintenance clients for cheaper. So, it averages out to probably about 250 a car.

[00:02:27]>> What do you make what do you do with that money that you make?

[00:02:29]>> I mean, living expenses, I pay for all my food, my my rent and stuff.

[00:02:32]>> There's no more to pay back mom and dad at the end of that.

[00:02:35]>> No, that Yeah, that's all just money for me. I I obviously still have to pay them back the 8 grand, but >> Dang. Okay, so 20K all in. Does that stress you out at all?

[00:02:44]>> Um, no. Well, I mean, I'm making the the monthly payment on my car.

[00:02:47]>> What's the payment?

[00:02:48]>> 257.

[00:02:49]>> And how long? What's the term?

[00:02:51]>> It was a It was a 5year, but it's only it's at a probably about 6 6 and 12% interest rate.

[00:02:57]>> Okay. Have we done the math on this yet?

[00:02:59]>> No.

[00:02:59]>> Should we?

[00:03:00]>> Shall we, my good sir? Okay. So, here's >> here's the napkin math I'm working with.

[00:03:05]All right. You said it's 257. Yep.

[00:03:07]>> For 5 years.

[00:03:08]>> Yep.

[00:03:08]>> Riddle me this. 60 months. $15,420 for a $12,000 loan. So, you paid $3,400 in interest.

[00:03:16]>> Yeah.

[00:03:16]>> Does that hurt?

[00:03:17]>> Yeah, a little bit. But I know that I wouldn't have been able to start my business with the 16 grand buying a car and the equipment. So, I know that that's a little bit of the >> You couldn't have used the car you had to start the detailing business.

[00:03:32]>> No, it was a 1990s BMW Coupe that um >> can't fit all the detailing equipment in there.

[00:03:38]>> Exactly.

[00:03:38]>> Okay. Well, let's play this game. Let's just say the interest that you paid, you had instead put into an investment account and let it ride. How much you think that could have turned into?

[00:03:47]>> Uh what what course are we talking?

[00:03:49]>> 3,400 bucks invested from your age to retirement. You never touched it again.

[00:03:54]>> Oh, I mean it would easily be six figures. I know that.

[00:03:57]>> Let's find out. So, how old are you?

[00:03:59]>> I am 21 now.

[00:04:00]>> Let's go to 61 and even 40.

[00:04:02]>> Perfect.

[00:04:02]>> How's that? All right. Let's do the 3,400 bucks sitting in there. You never contribute again. Hit calculate for me.

[00:04:10]182 grand.

[00:04:11]>> Yep.

[00:04:12]>> That's pretty nuts.

[00:04:13]>> It is.

[00:04:14]>> That 98% was growth on that.

[00:04:17]>> Yeah. I'll I'll counter you with that though that without that 3,400 bucks of interest to be able to purchase this car, I wouldn't have been able to start my business. And if I scale my business to, you know, having a shop, having people work under me, I would say that I could make more money than just that 182 grand by doing this business, which I wouldn't have been able to if I didn't have that auto loan. God. Okay, I see your logic here. But what if you had just paid saved up and paid cash for a car that was let's say $5,000, $6,000, you could not have done this business with a $6,000 car.

[00:04:48]>> I could have.

[00:04:50]>> You're right.

[00:04:51]>> That's the That's the going theory is I think if you get ahead of it instead of being reactive, which is most people, right? For sure.

[00:04:57]>> They just they never have the money because they're making payments. But if they save that payment, they'd have, you know, six grand a year, 10 grand a year just from that car payment being saved.

[00:05:05]So, is that something you want to get out of that cycle of car payments?

[00:05:09]>> Yeah, for sure. I don't I don't want to be stuck in car payments my whole life.

[00:05:12]Um, it's definitely something that once I'm a little bit more consistent with it. Obviously, I'm still in college, so it's college is taking up a lot of my time. I can't go fully on my detailing business. Um, >> ah, that thing freak you out?

[00:05:26]>> No, they they annoy me a lot.

[00:05:28]>> Are they being controlled by somebody?

[00:05:30]>> Uh, no. They're too stupid. Sir, sir, sir. Do you have a moment to talk about our LORD AND SAVIOR JESUS CHRIST? OKAY.

[00:05:36]Where are you from?

[00:05:37]>> I'm from Phoenix, Arizona.

[00:05:38]>> And what are you going to school for?

[00:05:39]>> Financial planning.

[00:05:41]>> Financial? Oh, we're going to have a good time. I think we're going to be good friends. Okay. What do you want to do with a financial planning major?

[00:05:47]>> Um, right now I'm really interested in the insurance side of um financial planning, but also estate planning, too.

[00:05:53]So, I'm very um delving into both of those.

[00:05:56]>> That's exciting. Okay. What kind of insurance are you excited about? I mean, insurance is not fun, but probably like life insurance.

[00:06:03]>> Oh, is that because that's where the money's at?

[00:06:05]>> That's because it kind of deals a lot with estate planning, too. So, I kind of want to like do both. Yeah.

[00:06:09]>> I'm guessing you're talking about whole life insurance.

[00:06:12]>> Yes, whole life insurance or term insurance, too.

[00:06:14]>> What do you know about index universal life insurance?

[00:06:18]>> Index universal? Probably not. Actually, no. Universal is the one where you're like um investing into like different accounts on your end, right?

[00:06:26]>> You tell me. You said you love insurance. I wanted to I wanted the people to learn today.

[00:06:31]>> Okay. How much debt are you currently in as a financial planning major?

[00:06:35]>> Uh probably like $900.

[00:06:37]>> What kind of debt is that?

[00:06:38]>> From credit card.

[00:06:40]>> Credit card debt. Okay. What kind of credit card is this?

[00:06:42]>> Uh Discover student one.

[00:06:43]>> Discover student. Okay. When did you open that?

[00:06:45]>> I want to say when I like freshly turned 18.

[00:06:48]>> And how long ago was that?

[00:06:49]>> Three years ago.

[00:06:50]>> Three years. Okay. So, you're 21 now?

[00:06:52]>> Yes. 21.

[00:06:52]>> Congratulations. Very exciting time. Uh what caused you to open up that card?

[00:06:57]wasn't able to open one in 16 and I really wanted to buy a house. Me freshly 18. I was like I'm the world is full of possibilities. Wow.

[00:07:05]>> So I was like let's start open building my credit as soon as possible. Um so that was a one I did a little couple of research and uh found that the student one had the best like um amenities for freshly starting out.

[00:07:17]>> Okay.

[00:07:17]>> Credit. So that's the reason why I opened that one.

[00:07:19]>> So you're practicing going into debt now with your $900. So eventually you can go into a really big one for the mortgage.

[00:07:25]>> Oh, for sure. Yeah. practice.

[00:07:26]>> Yeah. And I was just talking about it. I was like, I don't think a car loan would be smart either. So, that's not the type of debt that I would be.

[00:07:33]>> Well, you So, you're okay with a credit card debt versus car payment?

[00:07:36]>> For sure.

[00:07:36]>> Yeah.

[00:07:37]>> What's the APR on that uh Discover student card?

[00:07:39]>> I want to say it's 26. I think it ranges from 26 to 29 a year.

[00:07:43]>> That feels steep.

[00:07:44]>> It's steep, but I'm I'm very on top of like payments and like making sure I don't go above the um >> Okay. But you're carry You're carrying the balance though right now.

[00:07:54]>> Sure. Yeah. You're on top of the payments for the balance. What's the minimum payment?

[00:07:58]>> I right now it's like $35.

[00:08:00]>> Okay. So, you're like, that's chump change for you.

[00:08:03]>> How are you paying for school?

[00:08:04]>> Um, I'm on scholarship.

[00:08:05]>> Full scholarship?

[00:08:06]>> Yeah.

[00:08:06]>> How do you get a full scholarship to ASU?

[00:08:08]>> So, I was at Phoenix College for a little bit for my first associates degree and then I got connected with one of my counselors with a counselor at PC and he's a part of the next generation service corp. Um, so got connected through there and then >> they just gave you a full ride. Yeah, >> that's amazing. Do you know what that package is worth? Full ride to ASU.

[00:08:28]>> It's got to be a lot of money.

[00:08:29]>> Like 50 grand plus, >> I want to say. Yeah.

[00:08:32]>> Okay, that tracks. That's pretty impressive. So, you're really smart then. You get a full ride.

[00:08:36]>> No, I just hand those out.

[00:08:38]>> I want to say so.

[00:08:39]>> Okay, you're being humble now. Some modest.

[00:08:41]>> I wish I was because I couldn't even tell you what to index universal life insurance.

[00:08:45]>> That's I mean, that's pretty nerdy. They don't teach you that stuff until you really start scamming people. You know what I mean?

[00:08:49]>> Yeah. Yeah. Yeah. How much do you think you'll graduate in debt with?

[00:08:53]>> Probably zero when I pay off the 900.

[00:08:55]But with graduation um timeline, I want to say hopefully zero.

[00:09:01]>> That's that's a good goal. I like that goal. Okay. And then how much do you think you'll be making as a financial planner out of college?

[00:09:07]>> Um I want to be modest and say more than 60k a year.

[00:09:11]>> Okay.

[00:09:12]>> But being on LinkedIn, it can go a little bit higher.

[00:09:15]>> Well, I wish you the best with uh graduation and becoming a planner. Is that next year or two? Yeah, it's next year, May 2027. So, >> where do you want to work specifically?

[00:09:23]>> Um, I don't have any specifics. I tried to apply for like North Northwestern Mutual. Um, couldn't get accepted to an internship there.

[00:09:32]>> They wouldn't take you at Northwestern Mutual.

[00:09:34]>> They wouldn't take me.

[00:09:36]>> They would take a sewer rat. How are they not taking you?

[00:09:39]>> I don't know.

[00:09:40]>> Have you seen the guys that work over there?

[00:09:42]>> Um, no, I haven't.

[00:09:44]>> Okay.

[00:09:45]>> I probably >> You're better than them. I'm just saying. And I think you can do better than Northwestern.

[00:09:49]>> I hope >> Northwestern burn.

[00:09:52]>> We do that a lot on this channel. I'm a huge fan of Xander Insurance because they only sell term life insurance, which is the only one I recommend.

[00:09:59]>> Yeah.

[00:09:59]>> Because it's a fraction of the cost. You get way higher death benefit and it doesn't try to mix insurance and investing into one complicated product with crappy returns. Would you agree?

[00:10:09]>> I definitely agree with that. I I I prefer term insurance cuz it's easier to like remember, but >> it's simpler.

[00:10:15]>> It's simpler, too. Yeah. Yeah. And here's you know why the insurance people want would rather sell whole life?

[00:10:21]>> They get the premiums are >> bigger commissions, baby. Do you think that's a good reason to sell that to a customer that you get a bigger commission? That feels kind of dumb.

[00:10:29]>> You know, that's the hard part about working in insurance cuz you're not really I think as a fiduciary, you just kind of want to be, you know, what's the highest commission that I can get.

[00:10:36]>> Now we're talking. I like that $10 word fiduciary.

[00:10:39]>> That means you got to act in the best interest of the client versus what's best for your wallet.

[00:10:44]>> Yeah. Um, I think that especially with insurance, I think being a like I mean I'm aspiring like to be like a certified financial planner and you have to work as a fidiciary. So like I feel like that would close the door for me in insurance cuz like it's a a lot of commission based and >> sales. That's going to get icky. That's why I'd avoid Northwestern because of that. They sell other stuff, but they want you to pedal the whole life.

[00:11:06]>> Yeah.

[00:11:07]>> How much debt do you currently have?

[00:11:09]>> None.

[00:11:09]>> Zero.

[00:11:10]>> Zeroed out.

[00:11:10]>> School paid for.

[00:11:12]>> Yeah.

[00:11:12]>> How parents? Like they saved up in a college savings account. How'd they do it?

[00:11:17]>> Uh they just paid it off. They ain't telling me.

[00:11:19]>> It's a secret.

[00:11:20]>> Secret.

[00:11:21]>> But you didn't. You were like, "I'm not asking questions."

[00:11:23]>> I'm not asking questions.

[00:11:24]>> Room board. Everything's covered.

[00:11:25]>> Yep.

[00:11:26]>> Wow. How do you get spending money?

[00:11:28]>> I work I have a job.

[00:11:29]>> Where do you work?

[00:11:30]>> I work at uh an IT company.

[00:11:32]>> Oh, nice.

[00:11:33]>> I do like an internship there.

[00:11:34]>> That's cool. Okay. How about you?

[00:11:36]>> Uh I'm taking student loans, but um I'm like paying them or my dad's helping me pay them like Okay.

[00:11:41]>> every every semester. So, >> what's the current balance of all of your debt >> per semester? Like two 2 and a half thousand. So, like so far I'm first year, so only like 4 and a half thousand.

[00:11:52]>> Okay. So, you had five grand in debt.

[00:11:54]>> Yeah. Yeah.

[00:11:55]>> 5 grand in debt in student loans. No car payment, no credit cards, nothing.

[00:11:58]>> Nope. Yeah. No, I have um Well, I'm not working right now, but I had a job, so I have savings, so you know, I have money to like go unspend. And then my car is paid for by my parents, though, so I'm really lucky for that.

[00:12:07]>> Nice. So, parents helped out along the way. How about You got a car?

[00:12:10]>> Yeah, I have a car.

[00:12:11]>> Okay. Who paid for that? Uh, my parents did.

[00:12:13]>> Nice. Who's got the nicer car?

[00:12:15]>> I do.

[00:12:16]>> What is it? BMW.

[00:12:18]>> Woo. You've got the shirt. Do they give you that when you get the car?

[00:12:21]>> No, I got that myself.

[00:12:22]>> M Sport guy, huh?

[00:12:23]>> Oh, yeah. I love M.

[00:12:24]>> I thought M was a randomly assigned letter. I had no idea it stood. But >> what do you have exactly?

[00:12:28]>> I have a 535.

[00:12:29]>> What year is it?

[00:12:30]>> 2013.

[00:12:31]>> Okay. So, that's that's a still a pretty good ride. And say it's held up.

[00:12:34]>> Oh, it's held up a lot. I take care of it really well.

[00:12:36]>> Okay, that's good. How about you? What are you driving? Uh, >> I drive a 2017 Corolla. That'll that might outlast you.

[00:12:42]>> I commute. So >> Oh, yeah.

[00:12:43]>> You're a commuter and you live on campus?

[00:12:45]>> No, I commute as well.

[00:12:46]>> Oh, nice. Does that save you guys money?

[00:12:47]You living at home or what?

[00:12:49]>> Uh, yeah. I mean, it costing gas, but I don't have to pay a dorm. So, >> mom and dad?

[00:12:53]>> Uh, yeah. I stay with my parents. Yeah.

[00:12:54]>> Nice.

[00:12:54]>> Better food, too, I'm guessing.

[00:12:56]>> 100%. Yeah.

[00:12:57]>> Are you Middle Eastern?

[00:12:58]>> Yep.

[00:12:58]>> You got that Middle Eastern food at home >> every day.

[00:13:00]>> What are we making? What's mom cooking up?

[00:13:02]>> Tabul. Uh, >> kafta.

[00:13:05]>> Y >> fasula. Oh, don't get me started on the >> facul.

[00:13:10]That's just what I could think of right now.

[00:13:12]>> Uh, beten. What do we >> Oh, beten for sure.

[00:13:14]>> We can go. You want to speak some Arabic?

[00:13:16]>> Speak. Can you spit bars?

[00:13:18]>> No, you're good. You're good. I don't know. What do you want me to say?

[00:13:20]>> I don't Let's just talk. Let's have a conversation.

[00:13:31]>> I don't know. They're good. We nailed it.

[00:13:34]>> I understand it. I can't speak it. We sold it, I think.

[00:13:37]>> Yeah, >> we know more than these people.

[00:13:39]>> Okay, that's great. How much do you guys think you'll be making out of school?

[00:13:42]>> Uh, I hope for at least six figures by the time I'm out of school.

[00:13:45]>> At least bare minimum.

[00:13:47]>> Yeah, I mean, you know, for this degree, I think six figures is fair.

[00:13:50]>> Mechanical engineer making six figures.

[00:13:51]That tracks.

[00:13:52]>> Yeah.

[00:13:52]>> Okay. How about you?

[00:13:54]>> Um, I mean, I feel like it kind of depends what experience you get in school. Like, I'm trying to I'm doing a summer internship, so I hope like, you know, out of school I can start making around six figures. But I know a lot of jobs like uh for engineering, a lot of them start like 70 80. So, it's not like, you know, guaranteed, but it's kind of just on what what you've done in school and, you know, how how ready you are when you graduate.

[00:14:10]>> Yeah. You got to stay competitive.

[00:14:12]>> Yeah, definitely.

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[00:15:22]All right, back to harassing students.

[00:15:24]All right, how much debt are you currently in across all types of debt?

[00:15:27]>> All types of debt. Um, I'll probably say about $2,000. Not that much.

[00:15:31]>> Okay. All right. What kind of debt is that? Two grand.

[00:15:33]>> Uh, mostly credit card debt.

[00:15:34]>> Okay. What kind of credit card is it?

[00:15:36]>> Um, it's just like a travel card.

[00:15:38]>> Now, when you open this card, what was the purpose?

[00:15:41]>> The purpose was just to build credit and accumulate travel points cuz I love traveling.

[00:15:44]>> Have you built the points?

[00:15:46]>> Yeah, I've built up some points. Not much, but some points.

[00:15:49]>> Don't you think it's been negated by the 27% APR you're paying on the $2,000 balance?

[00:15:54]>> Most likely. Yes, that is true.

[00:15:56]>> It's like 500 bucks a year in interest.

[00:15:58]>> Correct. Yes. Singer, really? You opened it to make these credit card companies a little money? They were a little They were broke. Get some new furniture in their buildings.

[00:16:04]>> If we veer that way, that is true. Yes.

[00:16:07]>> Would you consider paying off the car today if you had the money?

[00:16:09]>> Um, most definitely. Yeah.

[00:16:11]>> Do you have the money?

[00:16:12]>> I have the money, but I don't have money to pay it off, you know? Like, it's there, but it's not there to pay it off.

[00:16:18]>> Okay. How much do you have in savings right now?

[00:16:19]>> Um, actually, I don't really have much in savings. I don't believe in saving money.

[00:16:23]>> You don't believe in it.

[00:16:24]>> Belief is not acceptable evidence. I don't believe in saving money because of inflation and things like that.

[00:16:31]>> So, how does that work with debt? Isn't debt like compounding the inflation at this point?

[00:16:36]>> Yes, cuz they do them cuz as an engineering management actually that's one of the classes that I take that helps us understand that kind of equation and what's going on. So, I usually don't save my money just in one place. I rather put it somewhere where it grows over time as well.

[00:16:49]>> So, where would that be right now? Do you have any money invested? Yes. Right now I have just like random just random let's say like Coca-Cola. Not that much interest but not that much like return on investment but somewhere safe.

[00:17:01]>> Do you use an app to to invest?

[00:17:03]>> I use Robin Hood like everybody else.

[00:17:06]>> Like I don't have Robin. I don't know.

[00:17:07]I'm It's too I don't like it. I don't like being marketed to to make another trade. You know, they want you to buy these single stocks and do the riskier investing versus the boring stuff.

[00:17:16]>> Yeah. I know. I wouldn't say that's much risk because of um it's simply it's literally just Coca-Cola.

[00:17:22]>> Do you have crypto?

[00:17:24]>> Definitely not anymore. Not after 20 not after 2021.

[00:17:27]>> Okay. So, how much do you think you'll you'll have in debt when you graduate?

[00:17:31]>> Um in debt? Um unfortunately enough, my tuition is already paid for by the government. So, most likely.

[00:17:37]>> How does that work?

[00:17:38]>> So, with >> your GI bill or what?

[00:17:40]>> Yes, exactly that.

[00:17:41]>> Is that a family member?

[00:17:43]>> No, currently serving.

[00:17:44]>> Oh, amazing. Well, thank you for your service.

[00:17:46]>> Thank you. That's impressive. You're doing that while in school?

[00:17:49]>> Yes.

[00:17:50]>> Okay. Would you recommend that as a way to go to school debtree for people?

[00:17:53]>> Um, just depending on what type of person you are, I would I would say I would recommend that.

[00:17:57]>> You're that kind of person?

[00:17:59]>> Yes. I I made myself that kind of person.

[00:18:01]>> That's a good life hack. How much debt are you currently in across all types of debt?

[00:18:05]>> None.

[00:18:06]>> Zero.

[00:18:07]>> How'd you do that?

[00:18:08]>> Well, my grandpa got uh made a 529 plan for me when I was born.

[00:18:12]>> Yes.

[00:18:12]>> So, I don't pay for anything relating to school. Wow. And how old are you?

[00:18:17]>> I'm 20.

[00:18:18]>> So you're talking 2006 Grant was like, "Hey, I'm going to open up a college investing savings plan." And he put some money in there.

[00:18:24]>> Yeah.

[00:18:25]>> Like every month or would he just like >> Every month, >> do you know remember how much?

[00:18:29]>> I don't know. But it was a lot.

[00:18:30]>> Enough to get you through college debtree in 2026. That's pretty amazing.

[00:18:33]>> Pretty crazy. Yeah.

[00:18:34]>> Wow. Did anyone else contribute to it other than grandpa?

[00:18:37]>> Just my grandma and grandpa.

[00:18:38]>> Wow. Are they still with us today?

[00:18:40]>> Yeah.

[00:18:41]>> Nice. What are they proud of you?

[00:18:42]>> Yes. They're so proud of me.

[00:18:43]>> I love it. All right. So, you're going to graduate completely debtree for sure.

[00:18:46]Do you know how much money is in the 529 account?

[00:18:49]>> Uh, I don't know, per se. Maybe like $80,000.

[00:18:52]>> Nice. Who So, like who writes the check from the 529 to the college?

[00:18:55]>> He handles it all.

[00:18:57]>> This guy's a stud.

[00:18:58]>> He is a stud.

[00:18:59]>> Are you going to do the same for your grandkids?

[00:19:00]>> Yes, I am. And my my kids and my grandkids.

[00:19:03]>> I love it. So, you're going to pay for your kids. And who knows, by the time your grandkids are going to college, it's going to be like a bajillion dollars. Will college even exist?

[00:19:10]>> I was going to say there might not even be college.

[00:19:11]>> I mean, AI is doing graphic design now.

[00:19:13]Does that scare you?

[00:19:14]>> Uh, not really.

[00:19:14]>> It sucks at it, though, to be fair.

[00:19:16]>> You're terrible. It's horrible. Yeah, I'm not scared. No.

[00:19:18]>> You can beat Canva in a heartbeat.

[00:19:20]>> Oh, yeah. For sure.

[00:19:21]>> Well, I got to say I was encouraged by a lot of the conversations I had today and discouraged by many others. I guess all in all, I you could say I was courage.

[00:19:30]But here's the deal. A lot of people are going to school debtree, which is amazing. Maybe it's a GI bill. Maybe grandpa saved up the 529. Maybe they worked their tails off to get some scholarships. And on the other hand, a lot of these kids have some debt and they're pretty nonchalant about it. They opened up the credit card to get some points and travel miles and all of a sudden they're two grand in credit card debt at 27% APR going, "Nah, I'll pay it off one day." Or they got a car payment that's just sitting around while they have the money to pay for it and they're choosing not to. That part breaks my heart cuz if they get these principles early, their financial future will be so bright, as you saw when I cracked open that investment calculator. So, if you want to see for yourself what your debt payments could turn into if invested, I'll drop a link below to that calculator I used. It's completely free.

[00:20:14]Go enjoy. If you enjoyed this episode where I talk to college students, you're going to love this one coming up where I talk to high schoolers. Call it the prequel. Click here to watch it next or click the link in the description below.

[00:20:24]Thanks for watching. We'll see you next time. It's a dry heat, they