4.6 • 2.8K Ratings
🗓️ 21 October 2024
⏱️ 34 minutes
🧾️ Download transcript
"Does the FOO change if student loan balance is huge? My financed loan balance is almost $300k."
We'll walk you through that question and more in today's Q&A episode!
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0:00.0 | Look out. This debt mistake could cost you millions. |
0:11.0 | Brian, I am so excited about this because we love helping our people make decisions that can |
0:17.0 | make you millions and avoid the decisions that can cost you millions. |
0:21.0 | So we are so excited that we can speak to those kinds of things and we love |
0:25.3 | that we can speak to all kinds of things that you care about. We want to know |
0:29.2 | what are those things that you are interested in and how can we be a resource to help you do money better? |
0:35.8 | So right now we have the team out in the wings collecting your questions. |
0:39.5 | If you want us to load you up, feel free to get your question in the chat right now. |
0:45.3 | So with that, Creative Director Ribi, I'm going to throw it to you. |
0:48.5 | Yeah, we've got a good one to kick us off from Joe. |
0:51.5 | He says, does the food change, meaning the financial order of operations, |
0:56.8 | if your student loan balance is huge? |
1:00.1 | My financial loan balance is almost 300K. |
1:05.0 | So what do you think? |
1:07.0 | Okay, this is an interesting one, Joe. |
1:11.0 | First of all, $300,000 student loan balance is big. |
1:16.9 | Like that is a significant and substantial amount of debt. |
1:21.5 | And what I hope that means is that you have followed our money guide |
1:26.7 | guidance that says okay when you graduate with student loan debt your total amount |
1:31.0 | of student loan debt cannot exceed or should not exceed |
1:34.0 | your first year salary. So I'm hoping that with |
1:36.8 | 300,000 dollars of student loan debt it means that you have pursued a |
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