Avoid the Siren Songs of Student Loans
Episode description
Student loans are a huge source of anxiety for many borrowers. Wondering how you’ll pay them off can feel like a weight that you have to carry around, which has led to lots of folks making unsound or unnecessary financial decisions. It’s what I call the “siren songs of student loans.” When you think back to Greek mythology, there were sirens that lured sailors to their death with their beautiful songs. Student loans can also have “siren songs” that can lure us into making big mistakes that impact our future wealth growth. In this week’s episode, I’m talking about how you can avoid the seven most common siren songs of the student loan world and why student loans shouldn't stop you from living your best life.
In today’s episode, you'll find out:
- Why focusing on the interest rate above all else is a mistake
- How to avoid only seeking out PSLF-eligible jobs
- You don’t need to fixate on student loan repayment assistance
- How to take on additional debt for school – the right way
- Why NOT to pay for school with cash
- The “false idol” of debt-free hustle culture
- Why you should consider leaving a job you hate, even if you still have loans
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