Student Loan Planner

When you graduate from college, you probably have a negative net worth from student loan debt. But is your negative net worth really the problem? Join me as I talk about ways to grow your assets through four proven strategies that can work no matter how high your student loan debt is. In today's episode, you'll find out: Why negative net worth isn't the problem The two types of accounts you should be investing in The minimum amount to contribute to investment accounts Why borrowers are putting more at risk by not taking risks What a rental debt snowball is and how it can grow your wealth The truth about negative net worth being a tax instead of a debt How avoiding bad business decisions can double your net worth Full show notes at: http://studentloanplanner.com/57

Saying student loan debt isn't that big a deal is a loaded statement. But it's true! In this episode, I talk about why your loans don't matter as much as you think they do. I also go over five common high-debt career paths and share strategies to make it work to your advantage, no matter what your income is. In today's episode, you'll find out: Why your student loans aren't what's holding you back A simple mindset shift to ease your anxiety Why going from chiropractor to physician assistant can be a smart financial move How owning a practice can increase your income and decrease your student loan payment The best career for making $50k a year while working just three days a week How private practice can be better than PSLF for physicians Full show notes at: http://studentloanplanner.com/56

Dr. Ben White is has been helping medical students, residents, other physicians, and everyone else manage their student loans since 2009. He's also and author, speaker, and board-certified subspecialized neuroradiologist. Today, I talk with Dr. White about PSLF and get his thoughts on controversial repayment strategies and the future of the program. In today's episode, you'll find out: Future changes Dr. White expects to see with PSLF Why a common sense approach to student loans doesn't work Why most student loan borrowers are on the wrong repayment plan Dr. White's thoughts on controversial repayment strategies The legal loophole for Parent PLUS loans Why a 1% acceptance rate for PSLF makes sense How the annual budget of NASA compares to loan forgiveness How to mitigate the opportunity cost of medical training Full show notes at: http://studentloanplanner.com/55

The holidays are fast approaching and I know what you're thinking: what should I get for the student loan borrowers on my list this year? In this episode, I go over the top 21 gifts that would make a big impact on the lives of student loan borrowers. In today's episode, you'll find out: Why the public library is one of the best places to hang out When to use the cash back from refinancing your loan to splurge How to turn the gift of cash from ho-hum to something memorable The best way to ask for a raise to put more money in your pocket Why getting married is a wonderful thing for student loan borrowers What games I play on my iPad while waiting on hold to talk to a real person How the gift of courage can change your life Full show notes at: http://studentloanplanner.com/54

Student loan debt is a growing problem and a hot topic in the media. I asked the Student Loan Planner community how they would solve the student loan crisis, and the results were not what I expected. Join me as I go into the details about how listeners feel about the growing problem of student loan debt. In today's episode, you'll find out: How important student loan reform is to voters What borrowers think student loan reform should look like The reason most people would opt for treating student loans like a tax Why lower student loan interest rates won't fix the problem How a student loan tax would affect retirement savings How the Biden Plan compares to the Trump Plan Why past student loan reform proposals failed Whether eliminating the tax bomb is sustainable Why the future of student loans depends on the private loan market Full show notes at: http://studentloanplanner.com/53

Savanna Perry is a Physician Assistant and founder of ThePAplatform.com, a site where she shares insider tips to help others navigate the journey to becoming a PA. Today, I ask Savanna how to pick the best program, what the requirements are to get in, and whether the cost of the program is worth it in the end. In today's episode, you'll find out: How being a PA can bring balance and flexibility to your life Why Savanna chose a public program over a private program How PA programs compare to med school The trick to go from $200k in student loan debt to $80k Whether private or federal student loans are better for PA school How Savanna was able to pay off your student loan debt so quickly Career opportunities and salary expectations for PAs Why becoming a PA is a great choice for a second career Full show notes at: http://studentloanplanner.com/52

Ryan Inman, the host of the Financial Residency podcast and founder of Physician Wealth Services, shares the biggest mistakes he's seen physicians make when it comes to student loan debt. I talk with Ryan about the state of PSLF and why hiring a financial planner isn't right for everyone. In today's episode, you'll find out: The trick to making PSLF work for physicians The real reason behind PSLF rejections Why worrying about whether PSLF will still be around isn't the biggest problem Why not everyone should work with a financial planner How a physician made a mistake that cost half a million dollars What the future of PSLF might look like The 10-step plan that Ryan uses in his financial planning business How hiring a financial planner is like working with a personal trainer Full show notes at: http://studentloanplanner.com/51

In this monumental 50th episode, I'm taking you back in time on my journey of starting this thing called Student Loan Planner. Here's the story of why I feel deeply called to helping you and others like you make sense of your finances and what I've learned over the past 3 years of working full-time in the world of student loans. In today's episode, you'll find out: Why some school are honest and others are downright profit-hungry Why colleges foot the bill for flights, hotels, meals, and more when you agree to a tour The things people put too much focus on when it comes to personal finance The only three areas you need to focus on to make your money work for you The secret I've learned to increase your savings rate What happens when you think in terms of value rather than cost What I think about the future of student loans The crucial piece that most people miss when it comes to investing The biggest worry about I have about running Student Loan Planner Full show notes at: http://studentloanplanner.com/50

Leif, known as the Physician on FIRE, helps physicians attain financial freedom and early retirement. He shares savvy tips on utilizing locum tenens roles for greater flexibility, and emphasizes how to retire before the traditional age. Leif discusses escaping undergraduate debt and weighs loan forgiveness as an anesthesiologist. He sheds light on the impact of burnout and identifies two key splurges that bring him joy. Tune in for an insightful conversation that offers a fresh perspective on achieving financial independence in medicine!

Student loan refinancing can be a big help to your financial goals. But some refi strategies can make it so you can't buy a house or start a business. In this episode, I'll talk about when a refi makes sense for you and discuss how the economy, a recession, and changing interest rates factor into your decision. In today's episode, you'll find out: What is a refi ladder and can it work for you How doing more than one refi can be a smart move The reason to refi to a longer term at a higher interest rate Why you shouldn't worry about your credit score when you refinance The risk of going with an aggressive repayment strategy How your student loans can impact buying a house or starting a business How government interest impacts the interest you pay What would happen to student loan interest rates in a recession When variable rates are a smart move in your refi strategy Full show notes at: http://studentloanplanner.com/48