I used to not give much attention to my net worth. That doesn’t mean I didn’t care about it. I was just more focused on increasing my income and lowering my expenses. The way I see it, your net worth will continue to move in the right direction as long as you are consistently […]
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Federal student loan borrowers were big winners in the $2 trillion COVID stimulus bill: all federal student loans are paused until the end of September, 2020. No interest builds on the loans. The months will count towards student loan forgiveness. So what should you do while your student loans are paused during COVID? I’ve […]
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COVID has been mentally draining for many, myself included. My goal today is to provide some clarity on what is happening to your student loans during COVID. The $2 trillion coronavirus stimulus bill was passed by both the Senate and the House, and signed into law by President Trump. The stimulus bill provided unprecedented […]
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Most people associate student loan forgiveness with Public Service Loan Forgiveness, or PSLF. PSLF provides certain student loan borrowers forgiveness after 120 qualified monthly payments. PSLF is only eligible for those who work for the government or a 501(c)(3) nonprofit, though, so it won’t help everyone. What many fail to realize is that PSLF […]
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Student loan forgiveness for therapists and psychologists is a topic that hits close to home for me. My wife has a masters in counseling psychology and works as a therapist at a nonprofit counseling clinic. A majority of therapists and psychologists, or those who have loved ones who are therapists, likely agree with me […]
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I went to a private four-year university for undergrad. Some of the people I met throughout my time there were education majors. It’s very common to leave my alma mater with tens of thousands in student loans. It’s also common for teachers to make very little at the beginning of their careers. Not surprisingly […]
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Pursuing Public Service Loan Forgiveness, or PSLF, can make sense for many student loan borrowers who are employed full-time by a nonprofit or the government. In my student loan repayment 101 webinars and presentations I always love highlighting how PSLF can literally mean a $100k+ swing in net worth for certain borrowers. To put […]
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Most people who look into personal finance eventually realize that success with finances typically comes down to two things: knowledge and action. There are a ton of personal finance hacks to take advantage of, but unless you know about them and take action, you miss out. Think about the stories you hear about high […]
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You aren’t alone if you have a bad credit score. Nearly a third of Americans in total and 43% of millennials have a bad credit score. Credit scores are important. The biggest impact they have on your financial life is on your ability to take out loans, but it goes beyond simply qualifying for […]
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We’ve seen unprecedented growth the past ten years since the last recession. According to Goldman Sachs in early 2019, the 10-year trailing annual return of 15% ranks in the 94th percentile of all 10-year periods going back to 1880. There are millions in the workforce today – including young millennials and the oldest of […]
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