Debt Questions EVERYONE Is Asking
Money Guy Show
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Navigating Student Loan Debt and Financial Strategies
This chapter explores the impact of student loan debt on future earnings and presents the 'first year financing rule' to manage borrowing effectively. It highlights the importance of understanding repayment options, including income-driven plans and forgiveness programs, while also emphasizing strategies for prioritizing debt repayment based on interest rates and age. Additionally, it discusses the significance of utilizing employer contributions and two debt payoff methods: avalanche and snowball, to foster financial growth and independence.
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