Nick Pell

Look, it takes four years to earn a degree. I don't know if we should value that at zero dollars. Yes, you're basically a kid with a high school education while you're going through college. If you only have a high school education and you had a job, wouldn't you be making 47 grand a year or a little bit less? I don't know. That's not quite how it works. I get it.

Look, it takes four years to earn a degree. I don't know if we should value that at zero dollars. Yes, you're basically a kid with a high school education while you're going through college. If you only have a high school education and you had a job, wouldn't you be making 47 grand a year or a little bit less? I don't know. That's not quite how it works. I get it.

Look, it takes four years to earn a degree. I don't know if we should value that at zero dollars. Yes, you're basically a kid with a high school education while you're going through college. If you only have a high school education and you had a job, wouldn't you be making 47 grand a year or a little bit less? I don't know. That's not quite how it works. I get it.

But I hear all these horror stories. about people just getting absolutely buried by student loan payments. People aren't starting families, they're not buying houses and whatnot because they can't afford to. $37,000, like that might be average and it makes sense to work with averages, but my loans, which by the way, almost 20 years ago now, just to make myself feel super old,

But I hear all these horror stories. about people just getting absolutely buried by student loan payments. People aren't starting families, they're not buying houses and whatnot because they can't afford to. $37,000, like that might be average and it makes sense to work with averages, but my loans, which by the way, almost 20 years ago now, just to make myself feel super old,

But I hear all these horror stories. about people just getting absolutely buried by student loan payments. People aren't starting families, they're not buying houses and whatnot because they can't afford to. $37,000, like that might be average and it makes sense to work with averages, but my loans, which by the way, almost 20 years ago now, just to make myself feel super old,

they were almost $200,000 if you include undergrad and law school. And they would have been way more if I didn't have scholarship funding from the state of Michigan. And that is insane. I'm going to do a quick inflation calculator here. That $200,000 was actually worth $310,000 in today's money.

they were almost $200,000 if you include undergrad and law school. And they would have been way more if I didn't have scholarship funding from the state of Michigan. And that is insane. I'm going to do a quick inflation calculator here. That $200,000 was actually worth $310,000 in today's money.

they were almost $200,000 if you include undergrad and law school. And they would have been way more if I didn't have scholarship funding from the state of Michigan. And that is insane. I'm going to do a quick inflation calculator here. That $200,000 was actually worth $310,000 in today's money.

That's just by all metrics, absolutely an insane amount of money for somebody who was, I think I was like 25 or something.

That's just by all metrics, absolutely an insane amount of money for somebody who was, I think I was like 25 or something.

That's just by all metrics, absolutely an insane amount of money for somebody who was, I think I was like 25 or something.

Did you pay your loans off? I paid mine off early because it was like a freaking sword hanging over my head. Oh, you're going to hate me. I never made a single payment. Really? Were you on some kind of forgiveness program or something?

Did you pay your loans off? I paid mine off early because it was like a freaking sword hanging over my head. Oh, you're going to hate me. I never made a single payment. Really? Were you on some kind of forgiveness program or something?

Did you pay your loans off? I paid mine off early because it was like a freaking sword hanging over my head. Oh, you're going to hate me. I never made a single payment. Really? Were you on some kind of forgiveness program or something?

And I wasn't wrong. Mike, I'm in awe, but I'm also completely unsurprised that you did this. So they just gave up on you paying and forgave your debt. You ran the clock. That's like a 20 year clock, right? That's some long game. The secret ingredient is crime. So did you take a hit to your credit? Don't they report like, hey, this guy doesn't pay his bills? Isn't that a thing? I guess so.

And I wasn't wrong. Mike, I'm in awe, but I'm also completely unsurprised that you did this. So they just gave up on you paying and forgave your debt. You ran the clock. That's like a 20 year clock, right? That's some long game. The secret ingredient is crime. So did you take a hit to your credit? Don't they report like, hey, this guy doesn't pay his bills? Isn't that a thing? I guess so.

And I wasn't wrong. Mike, I'm in awe, but I'm also completely unsurprised that you did this. So they just gave up on you paying and forgave your debt. You ran the clock. That's like a 20 year clock, right? That's some long game. The secret ingredient is crime. So did you take a hit to your credit? Don't they report like, hey, this guy doesn't pay his bills? Isn't that a thing? I guess so.

Got bad credit, but here's an envelope full of money and here's another one for next month. Are we good? There's going to be another one on the first.

Got bad credit, but here's an envelope full of money and here's another one for next month. Are we good? There's going to be another one on the first.