067-Listener Q&A: Paying off $100,000 student loan or investing, handling daycare expenses, preparing for a big career change and more
Journey To Launch
Jamila Souffrant
4.9 • 1.7K Ratings
🗓️ 17 October 2018
⏱️ 44 minutes
🧾️ Download transcript
Summary
(This post may include some affiliate links)
Trying to manage all of your expenses, eliminate debt, and invest, all while pursuing Financial Independence can be quite tricky. For this week's episode, I am having another listener Q & A where I answer questions to help you on your Financial Freedom journey.
In this episode I answer the following:
- Should I focus on paying off $100,000 student loan debt even though I'm in the Public Service Loan Forgiveness (PSLF) program or invest?
- Investing in pre-tax retirement accounts like a 401K, 457 or 403B plan vs a Roth IRA
- How to handle $1,200 a month daycare expenses on the journey to Financial Independence?
- Things to consider when making a big career change. Should you focus on investing more, paying off the house or saving more cash?
- How to determine if it makes sense to take legal action against a company to win money in a lawsuit?
At the end of the episode, I also share why I believe that you should never compare your journey to anyone else's.
Other related blog posts/links mentioned in this episode:
- More about the 25x rule and 4% rule to figure out how much you need saved to reach your Financial Independence number
- Public Service Loan Forgiveness (PSLF) program tips and advice
- 5 Retirement Accounts You Should Know About
- Join The Weekly Newsletter List
- Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
- Watch me on News12 Watch my latest segments on News12
- My One on One Money Coaching Services – Get my personalized 1on1 money coaching expertise to help you reach your financial goals
- YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link.
Connect with me:
Transcript
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| 0:00.0 | You're listening to episode 67 of the Journey to Launch Podcast, listener |
| 0:06.0 | Q&A. I'm tackling your questions about crazy daycare expenses, paying off |
| 0:11.7 | your student loan versus investing, 401k's, |
| 0:15.0 | froth-I-rays, and so much more. |
| 0:18.0 | T-minous 10 seconds. |
| 0:20.0 | Welcome to the Journey to Launch Podcast, with host Jamila Sufrant as a money expert who walks her talk. |
| 0:28.0 | She helps brave journeyers like you, get out of debt, save, invest, and build real well. |
| 0:35.0 | Join her on the journey to launch to financial freedom in... |
| 0:38.0 | Five, four, three, 2, 1. |
| 0:45.0 | Hey, hey, journeyers. |
| 0:49.2 | Welcome back to another episode of the Journey to Launch Podcast. |
| 0:53.9 | I am bringing you a Q&A episode this week. |
| 0:57.6 | I'm excited to answer your questions. |
| 1:00.1 | I really would like to try and do these question |
| 1:02.0 | and answer episodes more often. |
| 1:04.4 | I know this is a once a week show and so I want to bring you the great interviews, |
| 1:09.7 | the solo episodes and Q&A episodes and everything else. So I just have to figure out a schedule that |
| 1:16.6 | works where I feel like I am actually giving you the content you want. Plus I did add that new |
| 1:21.3 | journey or profile series so I have some journey or profile interviews in the bag ready to be released and so we'll see I'm just trying to figure out a good schedule but today we are going to be answering some questions from you. |
| 1:34.2 | You've either emailed me, |
| 1:36.0 | DM me, or left voice messages. |
| 1:38.4 | I'm going to select four or five questions |
... |
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