Today we have Josh from Money Life Wax- a personal finance blog designed for millennials. In 2015 he realized that his financial were in a mess and decided to do something about it, so in February 2016, he put a ring on his girlfriend’s finger and then they decided to get serious about their future. Together they had over $300k worth of student loan debt so it really took some serious planning for them to start tackling their debt. Welcome! [2:33] So, how much debt have you guys paid off to date? ·      $40k in student loans before he met his wife ·      His wife had $155k from grad school, $20 from Navient account and $97k ·      Interest is crazy high so even more than that! [4:53] What is has been your strategy to tackle the debt? Are you trying to pay off the highest interest rate loans first or tackling loans by value? ·      Read the Dave Ramsey with the Debt Snowball ·      Uses home equity line of credit to make massive payments ·      Ultimately big cash flow strategy focusing on largest amount with the largest interest rate some at 8% ·      Has not refinanced due to federal perks ·      This is not recommended for everybody as it’s a specific strategy. [9:51] What are some areas you had to cut back on? ·      Deciding to live a different lifestyle- which a lot of people might not want to hear J ·      Focus on what’s important, get rid of cable and gym membership ·      Stop eating out so much and not take expensive vacations [13:41] Do you have any strategies for planning a wedding on a budget? ·      Decided to put wedding off a bit to try save some money ·      Realization that inviting 200 people to get into massive debt isn’t worth it so invited fewer people and identified their true friends. ·      Used wedding mix instead of a videographer ·      All in all was about a $15k wedding [16:54] What advice do you have for people who also have a ton of debt or are taking out massive loans for school? ·      If you’re going to assume the debt you should pay the debt ·      You need to claim responsibility ·      Be smart with Colleges and decide if the return on investment is worth it Sponsors [19:8] Head over to Credible to get up to $200 off your student loans using our affiliate link! Value Link Round (VLR) [19:29] Why do people struggle to achieve their dreams? ·      Distractions that we see every day like so many ads ·      There are good and bad distractions ·      We live in a world of instant gratification and it’s easy to get distracted [21:4] Do you have any other books or podcasts you can recommend? ·      Greg Cardone – The 10X Rule ·      Jeff Olson- The Slight Edge ·      Dixie Gillaspie- Just Blow it Up ·      Malcolm Grodwell’s Podcast ·      The Power of Zero ·      Marriage Kids and Money – Andy Hill [23:25] Do you have a favorite quote? ·      Observe the masses and do the obvious ·      If nothing changes, nothing changes Support this podcast at — https://app.redcircle.com/shows/11f32da4-3081-471f-bf51-ea341b89ab1d/tip