Welcome to Episode 004 of the #AskTiffany Show. This week’s question is: Can entrepreneurship help to reduce student loan debt?
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Can Entrepreneurship help to reduce student loan debt?
Disclaimer: I have never been in debt, but I was able to to start my digital product business on less than $100. I am only offering my opinion based on the logic that if a low-cost start up was able to foster my business while I remain debt free, the same business model can help to reduce student loan debt.
If you know much about my story, you know that I met a crossroad in my journey as an entrepreneur when my son was diagnosed with autism. It was during this challenge that I taught myself to create computer games and mobile apps to help my son improve academically and socially. The results were amazing. If you want to learn more about the crossroad in my journey, you can have a look at my about page.
Once I had developed this skill, I started to create educational computer games to help other children and I sold them using a few of the techniques I outlined in my book, the Digital Cash Evolution. I have created and sold a few games that help students to prepare for the Belize PSE, the Trinidad SEA exams, the Jamaica GSAT and the CSEC CXC exams. I was able to create and sell these games for less than $100.
If you are looking for a specific business model that can help you to reduce student loan debt, I recommend the digital product business model. With a little time and $100, you can build a passive income stream that can reduce your student loan debt in a very short space of time.
Need a few ideas to get you started with entrepreneurship and start to reduce student loan debt?
Get my complete guide on creating your own digital products and selling them online. You’ll have an idea for the type of digital products you want to create and what the strengths and weaknesses of each option are. You can start your business today for less than $100 USD investment. Get this guide now!