Investing in Student Loan Debt: A Solution to the Crisis?

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 7 June 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Student loan debt has become a major issue in the US, with millions of borrowers struggling to repay their loans. While federal loans have some protections, private loans are often more challenging to manage. That's where Laine Schoneberger's company, Why Refi?, comes in. On this week's podcast episode, Schoneberger discussed with Robert how his company helps borrowers with private student loan debt and offers investors the opportunity to invest in a portfolio of these loans.
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Transcript

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1:18.1	To have a very important show, I mean, Talkbot macro and micro show. This is the end of May 2023,
1:26.4	starting June 2023. They're in a debt crisis. They're trying to extend the debt rather than
1:35.4	reduce the debt. This place is a mess here. It's a huge problem and this started
1:43.2	approximate 1971 when Nixon took the dollar off the gold standard and they could print as much
1:49.2	money as they like. Today, money is debt. The only way money comes into existence is we have to borrow
1:55.2	it. I'm not against a lot of guys like Dave Ramsey or against borrowing money. I'm not against borrowing
2:01.2	money. But when you borrow money, you can't pay it back. You have a problem. That's what's happening
2:07.2	here. Our national debt is through the Eiffon roof right now. It's going to increase and increase
2:12.8	especially with baby boomers, retire, social security, medic care and a lot of the boomers
2:19.2	of retirements are being wiped out as a race interest rate. So this is a major problem.
2:24.4	But today we're going to focus on another big, big problem as our student loan debt crisis.
	...

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