Student Loan Planner The $3 Mentality and Long-Term Financial Planning
Are you struggling with student loan repayments and how it fits into your financial goals? Lauryn Williams, CFP®, CSLP®, and Meagan McGuire, CSLP®, have joined forces to share valuable insights on how to avoid common student loan repayment mistakes in long-term financial planning.
They discuss how many people are unknowingly on the wrong repayment plan, and why income-based repayment might not actually be the best option for you. They also share practical tips for finding savings beyond student loans, strategies for investing, and their take on the $30,000 and $3 mindset.
In today’s episode, you'll find out:
- What is the $3 mentality and how it impacts long-term financial goals
- The importance of choosing the right repayment plan for your circumstances
- What is the best way to select a repayment plan for student loans
- How married couples can save money on student loans and taxes
- Tips on paying down credit card debt efficiently
- When it makes sense to seek financial consultation
- Why many borrowers shouldn’t have ignored student loans during COVID
- Why the double consolidation loophole shouldn’t exist
- What is the $30,000 mindset for finances
- Financial implications of renting vs. buying a home
- What are some basic investment strategies
Resource mentioned
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Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!