For the last interview episode of Season 8, I talk with David Carlson, the founder of Young Adult Money, and the author of Student Debt Solutions. And his book and student debt (and finding solutions to paying it down) are exactly what we chat about in this interview.
This is pretty timely too since many students are graduating university with student debt and don’t know where to start in paying it back. If you are a student and are in this situation, just remember you are not alone. So many other new post-grads are in the same exact situation, but that doesn’t mean you shouldn’t take them seriously. The sooner you start paying them back, the sooner you’ll be debt free and can allocate that money towards something much more fun like traveling, buying a home or investing.
If you know of a new post-grad freaking out because they’ve got a five or six figure student debt burden looming over them, share this episode with them!
Student debt is the ultimate obstacle to overcome, but it’s not as easy as just saying “Make more money and you’ll pay it off quicker.” Like David did, earning more money is of course a good solution. He started a side hustle on top of his day job which helped him pay off his student loans quicker. But that’s not the only thing you need to do. You need to make a financial plan starting with crafting a budget and saving up for an emergency fund. The emergency fund is crucial as it will help prevent you from getting into more debt.
For full episode show notes visit https://jessicamoorhouse.com/203