Chain Of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

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 w