How to solve any financial problem ever – Dr Boyce Watkins

Today on this Black Wealth confession, I received the following note:

“In my fifties, student loan debt 80k. Which I do not understand how so high. I went to school for only 2years, but do to layoffs, could never get ahead for years. Lots of different payment plans that I could not keep up. I have a good job now making 80k base have a nice 401k. Current loan postponed to Nov. 2021 due to covid. I want to buy a house but due to the student loan debt, I’m concerned my debt to income ratio will prevent this. Any advice greatly appreciated.”

So, the question is this: How do you solve financial problems where things like #Studentloans keep you in a debt trap? The solution is difficult for straight forward. Here’s my answer to this financial question.

ABOUT DR BOYCE WATKINS:

Boyce D. Watkins (born June 20, 1971) is an American[1] author, political analyst, and social commentator. During his academic career, Boyce Watkins was a visiting scholar with the Barbara Jordan – Mickey Leland School Of Public Affairs at Texas Southern University.[2]

Boyce Watkins has been a visiting fellow at the Shanghai University of Finance and Economics and the Centre for European Economic Research in Mannheim, Germany.[3] Watkins is a member, by donation, of the College Sports Research Institute at the University of North Carolina at Chapel Hill.[4]

He has authored several financial advice books, including Financial Lovemaking 101: Merging Assets with Your Partner in Ways that Feel Good, Black American Money, as well as What if George Bush were a Black Man?. His work has also appeared in such publications as the Journal of Small Business Management[5] and the Journal of Economics and Business.[6]

In addition to publishing scholarly articles on finance and investing, Watkins is an advocate for education, economic empowerment, and social justice, and has made regular appearances in various national media outlets, including CNN, Good Morning America, MSNBC, Fox News, BET, NPR, Essence, USA Today, Today, ESPN, The Tom Joyner Morning Show, and CBS Sports.[2][7] He was also a frequent guest on The Wendy Williams Experience radio program, and remains a frequent contributor to the Grio and TheLoop21.com.[8]

Dr Boyce Black Wealth Conversations – Ask me financial questions and I’ll answer

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