Student Loan Planner

Have you ever thought about being a millionaire — even if you have student loan debt? Then this episode will be powerful for you. Most people want to earn enough to retire comfortably and to live their dreams, but they aren't sure how they can do it. If you're wondering how to prepare for the future when you're dealing with a ton of student loan debt, here's how you can hit a seven-figure level net worth. In today's episode, you'll find out: Is it possible to become a millionaire with student loan debt? How can a couple with $100k of combined income have a seven-figure net worth? Why it's so important to max your retirement accounts How long does it take to become a millionaire? Why is it a good idea to contribute to brokerage accounts? How would becoming millionaire work for a couple earning a combined $200k? Or $600k? Should you invest in savings or brokerage accounts? How much do you need to save to be able to retire? What's the difference between maxing and matching your retirement contributions? How Student Loan Planner's upcoming investing course can help you Full show notes at: http://studentloanplanner.com/20

Tim Ulbrich graduated from the Ohio Northern University Doctor of Pharmacy program — which he decided on straight out of high school at age 18 — with $200,000 in student loan debt. After three years of Tim and his wife being on the Standard Repayment Plan and feeling like they were living paycheck to paycheck, they began aggressively paying back on the loans and were able to pay off the last of the debt in the fall of 2015. Now Tim is a clinical professor of pharmacy and program director for the master's program in Health-System Pharmacy Administration at Ohio State University. On top of that, he founded the Your Financial Pharmacist blog, co-hosts the Your Financial Pharmacist podcast and co-wrote the book "Seven Figure Pharmacist," all of which are geared toward helping pharmacists realize their financial goals and achieve the lifestyles they want. In today's episode, you'll find out: Tim's journey into pharmacy school at Ohio Northern University How the return on investment for pharmacy school has changed over the last decade Why it's essential to be strategic and intentional with your choice of school and your debt repayment strategy How Tim ended up helping people in the pharmacy world with their money How Tim and his wife paid off his high student loan debt Train wreck situations and success stories Tim has seen in pharmacist finances Tim's thoughts on how residency has become more important for future pharmacists Why the pharmacy profession needs to evolve — and what could happen if it doesn't How someone can become a seven-figure pharmacist Whether or not Tim would support his children become pharmacists Full show notes at: http://studentloanplanner.com/19

Justin Harvey is a brand new team member here at Student Loan Planner. As a student loan consultant, he's hit nearly a hundred consults. He's been in the financial industry since graduating from Villanova University in 2010. After seeing the student loan debt his wife had as an anesthesia resident and how it's impacted their lives, he launched his own firm in 2017, Quantifi Planning, which focuses on anesthesia and pain physicians with student loan debt. In today's episode, you'll find out: How Justin began working in the financial industry Why he decided to launch his own firm How he ended up consulting at Student Loan Planner Why it's imperative to know what you're doing before refinancing or consolidating your student loans When hiring a student loan planner instead of relying on your student loan servicer might be a better option Why "follow the money" should be your go-to phrase when choosing a financial planner Justin's thoughts on poor student loan advice A few of his favorite anecdotes from consulting at Student Loan Planner Why he tells people to "question the assumptions" before incurring student loan debt Full show notes at: http://studentloanplanner.com/18

Dr. David Donelson graduated from Tufts University School of Dental Medicine with $330,000 in student loan debt. After practicing in New York City for two years, he felt compelled to find a brand new environment and found himself in Dubai, United Arab Emirates. The foreign earned income exclusion has allowed him to tackle his student loans more aggressively. He still currently practices in Dubai, where he's been located for seven years. He plans to return to the U.S. in the next few years and to finally kick the rest of his student loan debt. In today's episode, you'll find out: David's background in dental school at Tufts University His experience practicing dentistry in New York City How he ended up leaving the U.S. for Dubai Why living in Dubai helped David's tax situation The cost of living in Dubai versus the U.S. How the foreign earned income tax exclusion works — and could help with student loan debt David's tips for anyone wanting to practice dentistry in Dubai How being a dentist in Dubai compares to the U.S. David's experience with refinancing his student loans How living in a tiny town can bump up your income His one regret while living in Dubai David's advice for living abroad Full show notes at: http://studentloanplanner.com/17

Lauryn Williams isn't just a student loan consultant here at Student Loan Planner. She's also a four-time Olympian and three-time Olympic medalist who grew up learning to save and work hard for what she had. Though she graduated without student loan debt, she had many friends who struggled under the pressing weight of it. At only 20 years old, she began earning a $200,000 income, and she trusted financial advisers to sort out what to do with her money. But when those advisers didn't end up having her best interests at heart, she decided to learn as much as she could about student loan financial planning to be the change she wanted to see in the world. She earned her MBA and CFP and started her own financial firm Worth While in Oct. 2015, where she currently works along with performing consultations for Student Loan Planner. In today's episode, you'll find out: How Lauryn became one of the most prolific student loan consultants in the world What her experience in the Olympics was like How she transitioned from a career as a professional athlete into the financial industry Her personal experience with the private wealth management world Her path from being a track and field star in college to becoming the first American woman to win a medal in both the Summer and Winter Olympic Games Lauryn's thoughts on professional athletes dealing with finances How she started her firm Worth Winning Why Lauryn is passionate about finances and helping people Full show notes at: http://studentloanplanner.com/16

Dr. Amanda Endsor graduated from vet school with $168,000 in debt. She worked through school to make ends meet while accruing fewer student loans, and she had little support from her school when it came to handling her loans after graduating. She also continued her education into veterinary dentistry, and she's now working to pay off her debt. She currently practices veterinary medicine in Knoxville, Tennessee, where she's also involved with Vinea, a women's mentorship program. In today's episode, you'll find out: • How Amanda decided on veterinary medicine and applied to vet school • How she made her way financially through school • Her thoughts on the lack of preparation and support from the school when it came to loan repayment • The ethics of schools raising tuition • Her reaction to her student loan payments right after graduating • How Amanda came across Student Loan Planner and got help with her loans • How Amanda talked with her husband about her vet school debt • What it's like to learn veterinary dentistry • How Amanda got involved with Vinea, a women's professional mentoring program • Why women mentorship is so important • Amanda's advice for young women professionals Full show notes at: http://studentloanplanner.com/15

If you have student loan debt and want to work either part time or not at all, this episode will blow your mind. Most people want to work less than they currently are, but they aren't sure how they can afford to do so. No matter your life situation, it can be confusing to know how you can make your payments while working less. The strategies I'll share in this episode will help you know how to approach both federal and private student loan debt if you want to cut your work hours — and how to live your life the way you want to. In today's episode, you'll find out: Is it possible to work only part time (or not at all)? Can you work less even if you have student loan debt? What are reasons you may want to work less? How to negotiate a part-time work schedule with employers Strategies for paying student loans and preparing for a "tax bomb" while working less How can you pay less on your federal student loans if you work less? How to work less if you're single Ways to approach private student loans if you want to work part time Can you take a sabbatical if you don't work in academia? How to approach student loan debt if you want to be a stay-at-home parent How to handle student loans while living abroad and traveling What's the Foreign Earned Income Tax Exclusion? Can you work part time while going for Public Service Loan Forgiveness? How to start limiting your budget and tracking expenses Full show notes at: http://studentloanplanner.com/14

Jessica Cox found herself in $300,000 of student loan debt after attending law school in New York. She went through many trials like losing her scholarships after her first year of classes. Despite the struggles during the first year, she was able to come back the next year and make the dean's list. It wasn't easy, but Jessica graduated from law school and is now working to pay back her debt. She's currently working in legal marketing and business development in Houston, Texas. In today's episode, you'll find out: Jessica's thoughts on law school after losing her scholarship after her first year Her thoughts on the bar exam What to do immediately after graduating law school What it's like to work as a legal manager? What moving to Texas did for Jessica's career Can you get get a license in one state and practice in another? Jessica's first approach to tackling her student loan debt. What did she do to get a better idea of her debt and how did she start paying it back? How she used forbearance to help her get out of debt Will refinancing make any impact on my credit score? Has Jessica ever considered what impact her student loan debt can have on a future spouse? What piece of advice would Jessica give someone who hasn't yet attended law school? What piece of advice would Jessica give someone who just graduated law school? My thoughts on the future of law schools. Is the schedule that a lawyer has worth the pay? For more information, visit the show notes at https://studentloanplanner.com/13

If you are over 50 years old with student loan debt or know someone who is, this episode is going to be life-changing. There are 1.9 million people over the age of 50 who still have student loan debt. It's no secret that the information surrounding most student loan debt is pretty bad and somewhat confusing. When you're in your 50s, 60s, and 70s dealing with student loan debt, it can be even more confusing as you deal with Social Security and different issues with Parent PLUS loans. The student loan repayment strategies that I'm going to share in this episode will help you understand the core issues surrounding those who are 50+ with student loan debt, along with how to overcome them and get rid of the loans. Full show notes at: http://studentloanplanner.com/12

Eric Meissner is a Marine JAG who knew there would be financial benefits to joining the military. Eric had some good mentors and family members who encouraged him to attend law school. He went in with the intention of getting a portion of his loans forgiven on behalf of the military. Eric graduated from law school with a little over $120,000 of student loan debt and his loans just came out of deferment. In this episode, we'll be discussing his repayment options, what led to his career path as a JAG in the Marine Corps, and any tips that can help someone who's also looking into a military career but is concerned about student loans. In today's episode, you'll find out: What type of minor did Eric pair with his undergrad criminal justice degree? What led him to join the Marine Corps Did the military give any money for law school? What type of assistance the military offers How much debt Eric walked away with So what would Eric have done if he did not join the military? Are internships an option in the military? Do you get extra time added to your term if you ask for tuition assistance? What kind of income Eric can make as a JAG in the Marine Corps What the retirement system is like in the military Tips for law students who want to become a JAG Does your five-year contract with the military start while you're still in law school? Full show notes at: http://studentloanplanner.com/11