The Rate Wealth Podcast

Student loans now sit over $1.6 trillion.  There are many ideas to fix the issue.  In this podcast I discuss one way to do so while working within the current system. I.e. If we aren't going to blow the system up completely, how can we work within it....

In this podcast, Alexis discusses how she followed her heart and became a PT instead of going to Med school.  

She discusses what it felt like being a student and new grad with no plan and feeling overwhelmed.  She also gives good advice on how students and new grads can start tackling their loans and setting themselves up for a good financial future.

"CEO's read on average 55 books per year!"

That, or a number close to it, is often sited as too how many books CEO's read. But why? Why do they read that much?

I heard this when I was younger and began reading anything I could. However, recently, I figured out what skill I was building.

I.e. yes, you read to learn but there is something more powerful about it.... Learning the skill of context!

In this podcast I discuss what this skill is and how it can help you in a large number of ways.

Conor graduated in 2017 with approximately 140k in student loan debt. Much of the debt was in private loans that had 10% plus rates.

He decided to get help from FitBUX in 2018.

He tried to initially refinance. However, he was denied. The reason was false reporting about a student loan from Undergrad that was damaging his credit score.

We worked with him to reestablish his credit so he could refinance as well as designed a financial plan to help him get on stable financial footing.

He was also able to get his Perkins Student Loans forgiven.

If you want help be sure to chat with our expert student loan planners.

P.S. The audio in this podcast for some reason has weird sounds being picked up in the background. However, please fight through it. This is a really good episode.

“Invest early and often because of the power of compound interest!” I can’t tell you how many times I’ve heard financial “experts”, financial advisors, and popular blogs say this.

However, when it comes to your money, there are two really important myths about compound interest that you need to know. In this podcast I discuss 2 myths about compound interest.

Most Importantly, I detail why your focus should be on compound growth not compound interest.

Here is the link mentioned in the episode regarding paying off debt vs investing: https://www.fitbux.com/articles/pay-off-student-loans-invest/

If you enjoyed this podcast make sure to subscribe and share with your friends! Get more FitBUX content from the links below.

https://www.fitbux.com https://www.fitbux.com/courses/ https://www.fitbux.com/podcast/ https://www.fitbux.com/student-loan-refinance/ https://www.fitbux.com/student-loan-planner/

"One big tip, you won't miss the money you pay once its gone."
 
Rachel discusses how she graduated with 100k in student loans and was able to pay off $30k in 22 months while living through the COVID shutdown.

She also shares how her athletic background has helped discipline her.  

For more help with your money be sure to check out the following sites:

https://www.fitbux.com

https://www.fitbux.com/courses/

https://www.fitbux.com/podcast/

Everyday I get shown ads on social media platforms for "expert" taught courses and coaching. They promise the opportunity to learn a side hustle and "trust them, they will show you how easy it is."

In this video, I discuss one example I saw recently and how most of this courses and coaches are full of BS.

In this episode, I provide a brief description of the student loan "system" and explains why rates are the way they are. 

I then discuss a potential policy idea of mine for Congress which would make student loans more affordable. Also, since everyone is talking stimulus these days, I provide high level details on a policy that I would roll out. 

Want to listen to more episodes visit https://www.fitbux.com/podcast.

If you want student loan help be sure to visit https://www.fitbux.com

In our podcast episode with Kyle Freeman, I brought up developing financial discipline.

In this episode, I discuss how to do so.  Specifically, I share with you what I actually did to build discipline.

This technique will not only help you build financial discipline but discipline in other aspects of your life.

Get more FitBUX content from the links below.

https://www.fitbux.com https://www.fitbux.com/courses/ https://www.fitbux.com/podcast/ https://www.fitbux.com/student-loan-refinance/ https://www.fitbux.com/student-loan-planner/

When I speak to recent graduates about their student loan grace period,  I often hear two very different comments.  The first, "I want to start paying my student loans immediately so I can save money."  The second, "I do not need to worry about my student loans because I'm in my grace period."  Who's right? 

The first is somewhat correct because it depends on  your goals.  The second is always incorrect because you need to understand and plan a student loan repayment strategy as early as possible...and no, ignoring your student loans is not a strategy.  It is a costly mistake.  This podcast discusses strategies for you to implement during your student loan grace period.

Below are links that you may find helpful and are discussed in the podcast:

Free Student Loan Refinance Service

Free Student Loan Planner

88% Do Not Know About The IBR Tax

How IDR Plans Work & How To Take Advantage Of Them

Calculating How Much You Owe In Taxes

Partial Financial Hardship