Maximum Student Loan Debt-to-Salary Ratio
Here's how to determine the maximum amount of student loan debt that your future earnings can support AND what to do if you already have too much.
Debt is an important part of our financial system and a useful tool, but it can also lead to financial ruin while maintaining poverty. It can be great and destructive at the same time, and it should be looked at as a double-edged sword.
Here's how to determine the maximum amount of student loan debt that your future earnings can support AND what to do if you already have too much.
Think you need to spend $5K-$20K during resident interview season? After 17 interviews, 20 planes, and 35 nights, this 4th year spent $1,560. Here's how she got it done.
Over the years I've warned against living a highly leveraged life to maximize returns. Here's how debt-free living has brought us security & peace of mind.
Broke? Buried in debt? Meager retirement savings? I want to motivate you to turn it around and have an awesome financial life in less than 5 years.
It's not too late to turn things around if you never "lived like a resident" or if you inflated your lifestyle too quickly as an attending. It's time to make a change and get mad at debt!
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Are some debts better than others? I don't draw hard and fast lines between good debts and bad debts because they all cost money. When you borrow money it costs money. This discussion, plus answering listener questions in today's podcast.
If your car payment is greater than your 401(k) contribution, you're not going to build much wealth. So what is the ideal investment to debt ratio?
If you keep doing what you've always done, you'll keep getting what you've always gotten. Here's my attempt to motivate you to take control and change your financial life.
In this episode, I talk about Dr. Mike Meru and his student loan balance of over $1 million dollars. Is he crazy? Or crazy like a fox? Here's my take on the situation and how best to manage large student loan debts.
Living like a resident might seem easy when you have an attending salary. Try it when you're a resident! Or don't. It's your money and your decision.
Dave Ramsey gives a lot of great advice. And a little bad advice. Know the difference!
Well, we did it. We paid off the mortgage and are debt-free. It feels good to accomplish one of our major financial goals.
A pre-med worries about the upcoming debt tsunami he is signing up for. What advice do you have for him?
Consumption smoothing is using debt and savings to ensure a constant level of spending throughout your life. It's a bad idea. Don't do it.
You don't need a debt settlement company to settle your debts. The negotiation technique is simple and easily done without professional help.
Medical school may not have taught you about money, but we will.
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Get ready to take control of your financial life. You can do this, and we can help.
We won't sell your information. Modify your preferences or unsubscribe at any time.
