Student Loan Planner How Vanguard's website (and roboadvisors) cost America billions of dollars
Sep 3, 2019
36:51
Most people are committing financial sins of omission — not doing things because they’re too complicated. In this episode, see how anything from bad website designs to having too many options can cause financial inertia — and how setting up automatic plans can help.
In today’s episode, you'll find out:
- How is Vanguard’s website design costing people money
- Why people use robo-advisers instead of companies like Vanguard
- Why developing the habit of investing is important
- How a “nudge” works in finances
- How student loans could be more simple to deal with
- What financial sins of omission might you be committing right now
- How the economy shifting pushed people to start investing
- Why automatic financial plans are so important
- How to avoid having complexity cost you money
- How schools convince people to borrow so much money
- Examples of people unable to handle so many financial options
- Is taking time off from Public Service Loan Forgiveness OK?
- How alternative documentation of income works
- Why it’s important to not let student loans dictate your life
- Refinancing rates are lower than they’ve been in a long time
- Why you should book a student loan consultation now
- Why you should apply for the Student Loan Planner scholarship
Full show notes at: http://studentloanplanner.com/40