I'm not a fan of debt consolidation. In my experience, many people "clear" credit cards and other debt to get the one payment and never change what they need to change to prevent getting into debt again.

Many debt collectors offer a lump sum option so ask. And if you get it, make sure it's in writing and you keep the payoff statement FOREVER.

Priorities lead to prosperity.

There are other ways to motivate students than requiring them to take on debt or work long hours taking away from their studies. For example, we don't allow our kids to work during the school hours their freshman year. After that, they can work a little but not so much that it hurts their education.

You are NOT a financial failure if you rent. You are getting something for your money. A roof over your head.

If you'll have enough saved and nobody has to take on debt and you want to retire, shoot go for it.

I write for people who are good money managers and want to know how to be even better stewards over their money.