I'm funding my projects by the rather vanilla method of simply squirrelling away some of my paychecks into a medium-term cash investment account. The main benefits are that it's low risk and I'm not in debt to anyone, but the main disadvantage is you need to spend several years of cheap living to build up the account, followed by several more years of cheap living when you start dipping into it.

Heh, if you have $80,000 in defaulted student loans like me, ain't no way anyone will give you capital.

If your wondering why I have so much in default, its because I paid $40k in tuition to get a Masters degree and teaching credential, only to have the credential then denied permanently by the state, due to a legal problem 20 years ago.

Add on interest, and unpaid undergrad loans as well, and it has built up to $80k over time. Sorry, just venting.

For me, capital raising options are pretty nil :p...

Quote: Original post by Tiiinygecko
Heh, if you have $80,000 in defaulted student loans like me, ain't no way anyone will give you capital.

If your wondering why I have so much in default, its because I paid $40k in tuition to get a Masters degree and teaching credential, only to have the credential then denied permanently by the state, due to a legal problem 20 years ago.

Add on interest, and unpaid undergrad loans as well, and it has built up to $80k over time. Sorry, just venting.

For me, capital raising options are pretty nil :p...

Holy f*****g God!

How long have you been in this debt? How are you able to keep a roof above your head?

Good God... I thought my money situation was bad...

Quote: Original post by Tiiinygecko
Heh, if you have $80,000 in defaulted student loans like me, ain't no way anyone will give you capital.

If your wondering why I have so much in default, its because...

Or, because you have not been responsible with money or your other resources. Blaming "the state" and "a legal problem 20 years ago" are both evidence that you are still not taking responsibility.

Having a teaching credential denied from a single 20-year-old legal issue means it must have been a very serious felony adult offense, since teachers with mild criminal histories and most juvenile offenses can still get various certifications.

Different states and different nations have different requirements, so giving up on teaching just because one state has rejected your application give further evidence.


Take control of your life, and live it. Blaming "the state" or "the past" or your debt or other external factors means you have some serious growing up to do.