Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills,

insight and encouragement you need to live a rich and meaningful life now, while building a plan

for financial freedom in 10 years or less.

Question of the day comes in from Matt who writes in and says,

Thank you, Joshua, for the fantastic resource that your show has been over the past six months.

I have a specific question for you.

In a recent show you suggested that a couple looking to

expeditiously pay off their mortgage do so by piling up funds in a side account rather than in chunks

at a time.

My question does the same strategy hold true for paying off student debt? My

initial inclination is no, there are two entirely different loans. I believe your

rationale for sitting on highly liquid cash while preparing to pay off a mortgage in one

windfall is that a mortgage is collateralized by a tangible asset and that asset

is exposed to market risk and fluctuations. Student debt is different in that it's essentially uncolateralized, apart from my

being able to my ability to earn a certain income. Because of that I'd assume I want to pay it off

sooner rather than later due to accruing interest. Am I correct in this belief?

For context, in a few months I'll approach exactly one year since graduating from undergraduate school.

Since graduating and beginning my first job, I've become fascinated with personal finance.

I graduated with about $32,000 in student debt, a story all too familiar to similar to some of your interviewees.

That balance now stands at about $26,000 and

I've taken great interest in finding every way to aggressively rid myself of the

debt while balancing that with some of my other financial goals.

...