My Experience with Lear Capital
My story is probably a familiar one to many of you. When I was twenty-two years old and fresh out of college, I was hungry for a job. I had tens of thousands of dollars in student loan debt. I had to start paying it off as soon as possible, so I took a low-paying job while I was looking for the right fit for me.
I promised myself it would only be for a few months, but it ended up taking three years before I could move into my chosen field. During that time, I was working at a grocery store making near-minimum wage. I could barely afford to pay my bills, let alone make any substantial dent into my debt.
I finally got a job at Continental Breakfast Books, a company that allowed me to combine my love of cooking and the written word. At first, my paycheck didn’t see much of an improvement. It didn’t help that I had to move to New York in order to work. Money didn’t go as far there, and even though my check was larger, I was still having a hard time making ends meet.
But as I continued on with the company, I was promoted. With the promotion came a raise. Finally, I was able to pay several hundred dollars a month to my creditor. As I continued on with the company, I kept getting promoted and pay raises.
I continued to pay my student loan debt every month. That is, until I finally received the most beautiful letter in the mail that I have ever seen, before or since.
That letter said that I was finally free. I had finished paying off my student loan. I felt a weight had been lifted off my shoulders. I ran around my New York City apartment screaming and crying, I was so happy. My neighbors probably thought someone was getting murdered!
This was before the student loan debt cancellation that has been going on for the last two years. Click here for more information about student loan forgiveness.
The first thing I did was call my mom.
She was happy for me. She congratulated me. She cried. And then, like my mom always does, she got down to business.
“This is a gift, Bethenny,” she told me. “Now you have some extra money. How are you going to use it?”
I was dumbfounded. I had never thought beyond this day. It was my end goal for so long, I couldn’t imagine it ever happening. I knew that my mom was right. I had to make a plan.
Next Steps
The first thing I did was to take a look at my financial goals. I had a small savings account that didn’t accrue hardly any interest, and that was about it.
I had a lot of dreams about how to use my money. I wanted to buy a house. I wanted to save for retirement. I wanted to travel on my vacations instead of just walking through Central Park. Now I had to decide which of these things were really important to me, and which was the most important.
I decided that my retirement was going to take priority. Once I made that decision, I was faced with a whole host of others. Where was I going to invest? And in what form?
I took my time and researched a lot of different options. I had heard about a 401K but had never really taken the time to learn about it. It seemed to be very popular; a lot of my friends had one. Check out this link: https://en.wikipedia.org/wiki/401(k) for more information about a 401K.
But when I started to look into it, it made me a little leery. First of all, I couldn’t get access to my money without paying a penalty. This made me feel trapped. If an emergency came up, I would want to use my money without worry.
Besides, the only way to have a 401K was to invest in the stock market. The volatility of the market made me nervous. How could I make a concrete plan based on something that was subject to change at any time? I wanted something that was more secure.
That was when I started looking into precious metal capitaling. I was more comfortable with that idea because precious metals never lose value. I remembered from US History class that our money used to be backed by gold in the 1800s. If it was good enough for Lincoln, it was good enough for me.
Taking the Plunge
That’s when I contacted Lear Capital to find out more information about their services.
It wasn’t long before Trisha, a representative, contacted me. She gave me information about plans and helped me choose the one that was right for me. It was quick and simple.
