12. Paying extra for quality. It’s true that it often pays to go cheap, but sometimes it’s more cost-effective in the long run to pay a higher price for a quality product than trying to “save” money by getting an inferior product. This is especially true when buying products you intend to keep for a long time.
13. Attending a lower-cost state college or university. There’s no shame in attending a lower-cost state college or university. They often provide a higher return on your education investment. And there’s nothing worse than graduating from a big-name university with $200,000 in student loan debt and a new job that earns $40,000 per year.
14. Bypassing college. Then again, college is not for everybody. Many people would be much better served – and financially better off in the long run – going out on their own, gaining real-world experience doing what they love, and then starting their own business. If you don’t believe me, just ask Justin Bieber.
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