As a birthday present, dad gives daughter a house so she may learn to be financially independent. She’s thirteen years old.

 

Talk to moms about mom stuff. And make money doing it. Financial independence is something many people never achieve.

The truth is, an alarming number of Americans will spend the majority of their lives mired in debt, paying off loans, and wishing they could quit a job they can’t afford to leave.

If that sounds like a bleak outlook, just consider the numbers. According to a study by Experian, total consumer debt climbed to $14.1 trillion in the US last year.

When you break that down further, the average American carried a whopping $90,460 of personal debt in 2018.

Student loans are also weighing down Americans. Currently, 45 million Americans have borrowed funds for their education, Forbes reported, and collectively, they owe an astronomical $1.6 trillion.

 

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