Category Archives: Debt Reduction

Dr. Amanda Liu, DrWiseMoney.com

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Today we are delighted to have Dr. Amanda Liu, creator and blogger for DrWiseMoney.com. Amanda is a PGY2 at Banner University Medical Center and her blog serves to leverage her voice as she achieves her financial goals of purchasing a home, paying off student loans, maxing out retirement savings, and becoming retirement eligible by 2023. Dr. Liu was generous enough to share:

  • how she has beaten big banks at their own game by leveraging credit cards to pay down her student loan debt and save $60,000 in interest
  • how she uses those same cards to maximize her cash in reserve and put money into retirement
  • how she was able to make $3,000 by just moving money around – this is is the first time she’s shared this publicly
  • her bad experiences with mortgage bankers and her how she’d advise others on how to find a great lender

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Jason DiLorenzo, student loan advisory DWOQ.com

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On today’s episode we have Jason DiLorenzo, founder of Doctors Without Quarters, a student loan advisory firm that specializes in working with medical professionals, counseling them on what to do with their consumer and student loan debt. Jason talks about:

  • the difference between IBR and Pay As You Earn
  • why he advises paying the minimum required when in PAYE
  • public loan forgiveness and how to keep that option available to you
  • the definition of public service
  • when you should consider refinancing your student loans

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Eric Halvorsen – UMAFS

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Our guest today is Eric Halvorsen, Certified Financial Planner and MBA from the Utah Medical Association Financial Services or as they’re more commonly known UMAFS. Eric and the UMAFS team offer physician specific financial planning and investment advice. We dive deep with Eric and talk about:

  • Why he likens one’s financial life as a marathon, and why he sees dedication and consistency as crucial to your financial goals and success
  • What the DALBAR Study is and why the findings about emotions and logic are relevant to you in your investment strategy
  • What an investment policy statement is and how that can keep you on track and working towards your investment and financial goals
  • Why UMAFS likes Dimensional Funds and how they can be a great tool to help you in your investment goals as well
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John Collins – GL Advisor

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John Collins is from GL Advisor, an advisory firm designed to help graduate students and young medical professionals fully understand their options, make better decisions, and implement solutions pertaining to student loan debts, as well as offering financial planning and professional investment advice. John spoke to us about the often hard to decipher student loan subject, and he made it clear and easy to understand. John helped us to better understand:

  • How to repay your student loan debt strategically
  • What Public Service Loan Forgiveness is and how you can take advantage of it
  • Gives a clear explanation of Income Based Repayment and Pay As You Earn
  • Reveals what happens with interest and how is that all deferring and accruing while you’re in the Pay As You Earn program
  • What changes he sees coming to Federal loan forgiveness programs and how that might affect those currently in IBR or Pay As You Earn

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