#14: The Finance Flash Go Podcast | Important Topics About Money | Student Loan Management

This epsiode of the Finance Flash Go! podcast is about maybe the most importanta nd also intimidating part of your financial plan…student loan management! So, we will now address debt paydown and student loans. I’m going to start generally by emphasizing that paying off debt is the most important thing that you can do to boost your financial well-being and advance towards financial freedom. That’s because this really is the first step to financial freedom. You need to stop taking on new debt and get rid of any and all debt you have. Look, when you are in a hole the first step is to stop digging. Then start climbing out. You can’t run until you get out of the hole. So, this is a huge thing that should definitely be at or near the top of your financial priority list that will go in your financial plan. Each $1 you use to pay off debt is $1 that your net worth increases. That’s what I am doing now. Every month, I throw huge sums of money at my debt. Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice. A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions. We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!