Do You Have to Wait Until You Pay Off Law School Debt to Start Your Firm? With Travis Hornsby

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Resource Links:

• Listen to the Student Loan Planner Podcast on iTunes, Stitcher or Spotify
• Check out the Student Loan Planner Website
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Having student loans is an inevitability that most Americans, and almost every newly minted JD, will face. But it doesn’t have to spell the end of your dream practice if you know how to work around it.

Setting up shop while trying to pay off their loans is a massive financial burden that no one would want to deal with. As a result, people often postpone their dreams, get married, have kids, and then one day, realize that they’re nowhere near their initial goal. Well, that doesn’t necessarily have to be your reality, too.

Today, we’ll find out how you can manage to pay off your law school debt without having to kill your dreams with Travis Hornsby, a CFA professional and Founder of Student Loan Planner. We’ll help you change your perspective on student loans and discuss how you can start working on your practice even if you’re fresh out of law school.

Take one step closer to your goals by tuning in to this episode now.

We’ll be talking about:

1. Average law school student loan situation [01:04]
2. Viewing student loans as a tax can positively impact people’s mental health [04:16]
3. The tools that affect the student loan system are here but are just not obvious [06:36]
4. Should I wait for my student loans to be paid off? [09:35]
5. Don’t abandon your niche and goals [12:11]
6. To get to your goals, you need to have sufficient velocity [14:03]
7. Saving money is not counted as a deduction from your income [17:18]
8. Loan forgiveness programs have become more generous over time [18:24]
9. Have a loan plan that takes your life goals into account [22:40]
10. There are a lot of tax filing strategies and loopholes you can use [25:03]

About Our Guest:

Travis Hornsby started off as a bond trader and saw potential in the student loan planning business in October 2016. He is the Chief Student Loan Planner at Student Loan Planning. Being a Chartered Financial Analyst and an experience Excel programmer, he has created a model where people can pay off their student loans while saving money at the same time.

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