A Quote by Padma Lakshmi

I was lucky to have a successful career as a model, but that was just a way to pay off my college loans. — © Padma Lakshmi
I was lucky to have a successful career as a model, but that was just a way to pay off my college loans.
What people do is they pay the small loans first. Why? Because they enjoy making the number of loans smaller. But of course it is a very ineffective way to pay debt down.
I think my mom and dad both wanted to get across to me that... I obviously grew up with great privilege and was very lucky and was able to afford college and not have student loans, and they would pay for college, but beyond that, it would be up to me to make a living.
I was definitely planning to go to college, but I deferred my admission to Carnegie Mellon to be in a non-equity tour of 'The Sound of Music.' But I made very little money in the tour, and college is really expensive, and I thought I'd never be able to pay off those loans.
There is something wrong with our system when I can leave here and make billions of dollars in 10 years while millions of students can't even afford to pay off their loans, let alone start a business. We all know you don't get successful just by having a good idea or working hard. You get successful by being lucky too. If I had to support my family growing up, instead of having the time to learn how to code. If I didn't know that I was gonna be fine if Facebook didn't work out, then I wouldn't be standing up here today. And if we're honest, we all know how much luck we've had.
But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.
When you finish college, you don’t suddenly have thousands of dollars a year to spend elsewhere - in fact, you have to find a way to pay back your loans.
Part of Obamacare eliminated the private sector financial market that engages in giving college student loans. I mean, now the federal government has taken over college student loans, so I sit back and strategically look at this and say this just cannot be happening.
When students have access to low-interest loans and government aid, colleges have no incentive to cut costs. Why should a college lower tuition if more students are able to pay with subsidized loans from the government?
I always loved comedy, but in my mind, it wasn't a viable career option. I always thought, 'You go to college. You get a job, and then you pay off college.'
With 6 kids, I still pay off my student loans. I still pay my mortgage. I drive a used minivan. If you think I'm living high off the hog, I've got one paycheck.
Imagine you have six loans, small to huge. People want to close loans and because of that, they try to pay off the small loans, but that's not the right strategy. The right strategy, of course, is to pay the loan with the highest interest rate. People make this mistake and it costs them lots and lots of money, it's a very expensive mistake because interest rates accumulate and become very, very expensive very quickly.
We must fundamentally restructure our student loan program. It makes no sense that students and their parents are forced to pay interest rates for higher education loans that are much higher than they pay for car loans or housing mortgages.
If you work hard and you learn and you absorb and you pay attention, career in food is great. This job can take you all around the world. You can eat the most delicious food. It allows you to be creative.... [And] don't ever quit. It's going to pay off eventually. It might not be in a year. Might be 20 years or 10 years. But you have to keep pushing. Just have that fire, have the passion, and want to be successful. And don't listen to anybody else.
When I started modeling at 15, there were no provisions for on-set tutors, and so I dropped out of school. Although I was one of the lucky ones who went on to a successful career as a model, as a child I should never have been forced to make that choice - between modeling and education.
So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral.
I just count myself really lucky to have a career that I love and that continues to pay my rent.
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