So it’s 4/20 and you know what that means: college students, college dropouts, college graduates, hell – everyone is getting high today. I started thinking about the massive amount of student loan debt I have, right now hovering at $157,000.
No biggie right? Although I have a plan in place to pay off the debt by the end of 2019 with an aggressive payment schedule of ~$19,000 a month, the thought of owing that much money to the US Department of Education gave me a massive case of the goosies (goosebumps for you lames). My post-tax income is on average $17,000 a month which I’ve published under my now super popular article “How to create a personal budget if you make over $100,000 a year”, but I gotta EAT, right?
If my cost of living is around $5,000 a month that will only leave me $12,000 to pay towards my student loan debt. If my goal is $19,000 a month on average, I’m short around $7,000. Fortunately, I am in a sales based role with quarterly payouts which will yield over the next 8 months an average of $7,000 extra a month. If I weren’t in a role which had the opportunity to produce this income, what would I do to make a $7,000 a month? I’d sell some god damn weed! Morality and legal reasons aside, selling weed could be a profitable pursuit to student loan financial freedom. Need proof? Legal weed sales in the state of Colorado were $120,000,000 in January 2019 alone.
|Calendar Year||Marijuana Sales by Calendar Year||Total Marijuana Sales Since Jan 2014|
|2019 (Jan – Feb)||$244,282,134||$6,283,993,900|
From 2014 to 2018, the legal sale of Marijuana doubled from $600 million to over $1.5 billion. So this 4/20, if you’re sitting on a ton of student loan debt and don’t see a way out, maybe it’s time to pick up a side hustle selling weed.