Episode 64: Paying Down Six-Figures of Student Loan Debt with Travis Hornsby
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This week I sat down with Student Loan Planner, Travis Hornsby to talk about student loan debt.
Travis founded Student Loan Planner after helping his wife figure out her six figure med school loans and realizing that all their friends needed help too. He’s consulted on more than $250 million of student debt, which is more than any one person in the country. He loves helping clients realize that financial freedom and security is possible no matter how high their student loan balance. He lives in St. Louis, MO.
HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:
How Travis got into the student loan business
The difference between undergraduate and graduate student loans
Where most people get into trouble with student loan debt
The two best approaches when you are in a ton of student loan debt
How much debt you should have if you’re considering the refinancing option
A large tax bill doesn’t have to be as scary as you think
The importance of shopping around during refinancing
Places to turn to if you feel your student loan debt is unbearable
How to manage stress from student loan debt
Options to deal with student loan debt as a couple
Conversations to have with your spouse if one or both of you have student loan debt
Common professions that find themselves in student loan debt
The shift in the education industry that is increasing student loan debt
Why you should look at a financial aid/school admissions department like a sketchy used car lot
Episode 46: 10 Student Loan Mistakes You May be Making with Natalie Bacon
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AM I HANDLING MY STUDENT LOANS CORRECTLY?
This week I sat down with fellow CERTIFIED FINANCIAL PLANNER™ and blogger, Natalie Bacon.
Natalie is a CERTIFIED FINANCIAL PLANNER™ at a registered investment advisory firm during the day, and a blogger at night. She’s been featured in Forbes, CNBC, MSNBC, US News, and The Huffington Post. Before all this, Natalie was an attorney, but quit because she hated it. You can find Natalie on her blog, at NatalieBacon.com.
HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:
The biggest hang up people have when it comes to facing student loan debt
The importance of understanding the terms of your student loans and why the details matter
Problems with the student loan debt forgiveness plan (and why it isn’t as great as you think it might be)
Understanding the negative aspects of refinancing Federal students loans
Whether you have the right insurance in place for your student loans (Yes, this is a thing!)
Whether it’s better to invest or tackle student loan debt
Understanding some of the differences between federal and private student loans
A big (incorrect) assumption people make when it comes to qualifying for different student loan programs
How to work in your goals when you have student debt to pay off
Benefits of paying off your loans early instead of dragging them out
A few traditional and not so traditional ways to increase what you putting towards your student loans.
Episode 06: Ask Mary Beth - How Many Bank Accounts You Need and Should You Buy a Home When You Have Student Loans?
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HOW MANY BANK ACCOUNTS DO I NEED?
SHOULD I PURCHASE A HOME IF I HAVE STUDENT LOANS?
One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I’ll be taking time to address and answer questions I’ve come across from readers and clients throughout my career. Today I’m answering the above questions.
WHAT YOU’LL LEARN FROM THIS EPISODE:
The number of bank accounts you need.
What to consider when opening multiple bank accounts.
Tough decisions you may need to make when working towards goals.
How to keep one-time expenses from derailing your cash flow.
Cash flow considerations for locking in a mortgage.
What your debt-to-income ratio is and what percentage it should be at or below.
Items to keep in mind when saving for a down payment.
Stay up-to-date with the latest episodes! Subscribe in iTunes today.
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