Creator Science #14: Jonathan Mendonsa – Becoming debt free, how to cut your living expenses, saving for retirement, and investing
Jun 30, 2020
In this engaging discussion, Jonathan Mendonsa, co-founder of the ChooseFI podcast and a former pharmacist, shares his inspiring journey of paying off $168,000 in student loans in just 4.5 years. He dives into practical strategies for cutting living expenses and the importance of financial literacy as a pathway to freedom. Jonathan also discusses investing for retirement, focusing on options for the self-employed, and emphasizes the importance of automating savings. His insights are a rallying cry for anyone looking to take control of their financial future.
AI Snips
Chapters
Transcript
Episode notes
Pharmacy Path
- Jonathan Mendonsa chose pharmacy for financial security, leading to high student loan debt and a lack of passion.
- This experience made him question his career path and seek alternative ways to achieve financial freedom.
Debt Management
- Track your expenses and create a detailed plan to aggressively pay down debt.
- Celebrate small wins to stay motivated during the repayment process.
Financial Literacy
- Financial literacy empowers individuals to leverage money as a tool.
- It opens doors to opportunities beyond traditional employment.