4.8 • 872 Ratings
🗓️ 8 March 2021
⏱️ 45 minutes
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Jason is a college professor with a current net worth of 625K. He is 47 years old, married, and has one child. Together with his wife they had about 280K in student loans - Jason shares his advice for how to pay them off, why to avoid them at all costs, and how he was able to not be discouraged while paying them off. He has 180K in home equity and works additional hours and over the summer to make an extra 30-35K in income on top of his regular salary.
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0:18.6 | The truth is I wish I would have not taken out as many student loans as I did. I would encourage you not to take out student loans. That's kind of a mission I'm trying to get my students to avoid them at all costs because of the disaster they are currently in America, but unfortunately, I know all too well how they can be kind of a millstone around your neck for years to come. |
0:25.0 | You're listening to the Millionaires Unvealed Podcast, |
0:28.5 | where you'll hear the stories and interviews of everyday millionaires will unveil their decisions, |
0:35.0 | their strategies, and their current portfolio allocation. |
0:40.0 | Now to your hosts, Clark Sheffield and Jace Mattson Sin. |
0:46.5 | Alrighty, welcome back with another episode of the Millionaires Unveiled Podcast. |
0:49.6 | This is episode 176. |
0:51.7 | This is Clark here along with my co-host |
0:53.8 | Jayce, jace what's going on man how are you doing |
0:56.0 | great how you doing? |
0:57.4 | Good we just got off an interview tonight with a guy who |
1:00.4 | net worth of 1.8 he and his wife and four kids are living on a sailboat and |
1:04.4 | sailing around the world. He started a business, it was successful, he sold it, he |
1:09.6 | took the money and now he's going to go sale for two years. That in your plans? |
1:13.0 | It is not, but it was great to listen to him describe his journey and, you know, as much as I love the |
1:18.8 | ocean, I think I would get really tired being at sea that much. |
1:23.9 | Although I do, you know, I love cruises |
1:26.4 | and at some point I think I'll take a, you know, |
1:28.1 | longer extended cruise. |
1:30.3 | But I'm happy to, yeah, pay the money let somebody else worry about the food let somebody else worry about you know all the stuff kind of want to just relax and I don't really want to charter my own boat. That's for sure. What about you? I don't know. I mean it never was but it sounded pretty fun talking to him. Two years is a long time, but I don't know. It sounded kind of fun, especially maybe later in life too. I think it sounds interesting. I could do like a few day trip like you know myself or like a few week |
1:56.3 | trip by myself I just don't know about that long that's just a long time but yeah |
2:00.2 | it be fun try to your own catamaran and just do it. Maybe that's what you should do, dude. Take the |
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