Productizing: What It Means and How to Turn a Service Into a Product
Warren Team
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Key terms
- Public Service Loan Forgiveness (PSLF)A federal program that forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments while working full-time for an eligible public service employer. Qualifying employers include government agencies, nonprofit organizations, and certain other public service entities. Borrowers must be on an income-driven repayment plan or the standard 10-year plan for their payments to count toward PSLF.
- Room and BoardThe combined cost of housing and meal plans at a college or university, which is a significant portion of the overall cost of attendance. Room and board costs vary depending on whether you live on campus, off campus, or at home, and the type of meal plan you select. Many colleges require first-year students to live on campus and purchase a meal plan.
- Living Below Your MeansA financial philosophy of spending less than you earn, creating a surplus for saving and investing. This habit is the foundation of building wealth over time, regardless of income level. It requires distinguishing needs from wants.
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