231. Summer - “Your 175K in Student Loan Debt is Basically a Second Mortgage!”

Future Rich with Barbara Ginty, CFP®

In this episode, CFP Barbara Ginty interviews construction attorney Summer!

Summer is a 29-year-old living in Florida who recently got married. She has joint expenses with her husband and a high income of 160K per year but... has a whopping 175K in Student Loan Debt!! Summer struggles to find a balance between living her life and reaching her savings goals!

Barb and Summer discuss...

• How Summer’s high student loan debt is significantly impacting her monthly cash flow and long-term financial goals
• Increasing Summer’s 401k contribution to save for retirement and reduce her taxable income
• Creating a budget that isn’t too extreme
• Implementing cash-based strategies like zero-dollar days to be more mindful of spending.
• Why everyone isn’t eligible for a Roth IRA
• … and more!

Watch this episode on YOUTUBE here!

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