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Managing Credit Card Debt and Financial Planning for Grad School
The chapter delves into a young individual's financial situation as they navigate paying off credit card debt, managing expenses for summer classes, and preparing for post-graduation loan payments while pursuing an MBA degree. Advice is given on strategically paying off debts, cutting back on certain expenses, and cash flowing education costs to avoid taking out additional loans. The dialogue also includes discussions on the importance of financial discipline, networking for future career opportunities, and the joy of generosity in parenting.