Your Spiritual Wealth and the Student Loan Crisis

Discover how to build wealth with purpose, even amid the student loan crisis, which threatens to garnish wages and send debtors to collections agencies.

As we reflect on the legacy of Pope Francis, who sadly passed away this morning, we're reminded of his profound words:

“True wealth lies in relationships, purpose, and the impact we make. As you navigate financial challenges, remember that your journey is about more than accumulating wealth—it's about living a life of meaning & service.​”
—Pope Francis

🙏🏾Spiritual Wealth: A Higher Perspective

Hey Sis, It’s Markette Sheppard, founder of Glow Stream TV and The Financial Glow-Up. I want to remind you this week how important spiritual wealth is in building financial wealth. The following profound quote from our beloved Pope Francis of 12 years invites us to consider the intersection of faith and finances. In this issue, I explore this in more detail. In addition, I share news about the latest student loan crisis—a must-read if you owe the U.S. Department of Education for your college experience.

Read through to the end to be informed and inspired.

🎓 The Student Loan Crisis: Dept. of Ed. to Garnish Wages

Recent reports highlight the escalating student loan debt crisis, disproportionately affecting Black and Brown women. The U.S. Department of Education announced today that student loans in default will be referred to debt collection. This includes the garnishing of wages for potentially millions of borrowers, according to officials.

Girl! Are they serious? I feel for any and all who will be affected by this. The burden of debt can feel overwhelming, but it's crucial to remember that your worth isn't defined by financial obligations and that you can overcome this. Read the full details in this article from the Associated Press.

💼 Building Wealth with Purpose: Practical Steps

Inspired by the recent Forbes article, ‘How To Build A Six-Figure Career In Just 6 Hours are actionable steps to build a six-figure career in just six hours a week:

  1. Identify High-Value Skills: Focus on skills in demand within your industry.

  2. Leverage Freelance Opportunities: Platforms like Upwork and Fiverr can connect you with clients.

  3. Create Digital Products: E-books, courses, and workshops can generate passive income.

  4. Network Strategically: Attend industry events and engage on professional platforms.

  5. Invest in Personal Branding: A strong online presence can attract opportunities.

  6. Set Clear Goals: Define your income targets and create a plan to achieve them.

These steps can help you transition from financial strain to financial freedom, aligning your career with your calling.

🌟 Inspiration Corner: From $5K to $1.3M

Do you know how hard it is to make a dollar out of 15 cents? Well, one woman figured it out! The story of a 27-year-old founder who turned a $5,000 grant into $1.3 million in funding was just featured on Inc.com, the business website for entrepreneurs and startups. You can read it here. Her journey underscores the power of resilience, strategic planning, and community support.

📣 Share The Financial Glow-Up

If this newsletter resonated with you, consider sharing The Financial Glow-Up with a friend or colleague. Together, we can build a community that thrives on faith, creativity, and financial empowerment. Grow by sharing this newsletter with another creative friend right now. Forward this email and tell them to subscribe. 💜

Keep glowing,
Markette Sheppard
Founder, Glow Stream TV
@glowstreamtv and @markettesheppard on all the socials!