The PSLF Snowball Effect
Play • 35 min

Why is Everyone Getting Rejected for PSLF Right Now? Recent stats for 2018 showed that only 96 borrowers out of more than 28,000 actually received loan forgiveness.

No one seems to understand the PSLF program. In fact, the acceptance rate for applications will be exponentially increasing over the next few years thanks to the “PSLF Snowball Effect.”

For more information, visit the show notes at 

Money! with Stacy Johnson
Money! with Stacy Johnson
2021 Outlook: Stocks and Housing
Predicting the future is a tricky endeavor, but if you're going to succeed as an investor, it's important to try. Because stock prices are nothing more than the present value of future earnings, and those earnings often hinge on the direction of the economy. That's what today's podcast is about: Reading the tea leaves to predict what's going to happen to stocks and housing in 2021. We recorded it one day after the insurrection at the Capitol and the Democratic takeover of the US Senate. Think stocks will continue to shine in 2021? Will rates rise? Will the housing market continue to march higher? Nobody knows, but we're ready to take some educated guesses. As usual, my co-host will be financial journalist Miranda Marquit. Want more information? Here's a bunch of articles from a bunch of sources. Forbes: 2021 Stock Market Outlook Kiplinger: Expect Above-Average Gains in 2021 MarketWatch: 5 high-growth themes and the stock-market ETFs that can deliver big gains in 2021 Forbes: The Best Stocks To Buy In 2021 Kiplinger: The 21 Best Stocks to Buy for 2021 Kiplinger: 21 Best Retirement Stocks for an Income-Rich 2021 Motley Fool: 10 Top Stocks That Will Make You Richer in 2021 JPMorgan:Will the U.S. Housing Market Boom Continue in 2021? Forbes:Experts Predict What The Housing Market Will Be Like In 2021 Reuters:Global housing markets face tougher year in 2021 Economy: Overview and Forecast 2021 housing market forecast: It's about politics, not economics Subscribe to the Money Talks News newsletter Take the Money Made Simple Course Hosts: MoneyTalksNews Ask us a question Hey Money! listeners if you have a question, topic or life lesson you want to share with everyone, leave us a voice message by calling 1-833-669-8557 then press 0 to leave a message. We'd love to hear from you. Become a member: See for privacy information.
31 min
The Power Of Zero Show
The Power Of Zero Show
David McKnight
How to Maximize Your Net Worth When Doing Roth Conversions & More
David has written a number of books on the Power of Zero paradigm for retirement and still does about 90 speaking engagements each year. He also runs a program with around 250 advisors that help him espouse the Power of Zero worldview. The basic premise of the Power of Zero is that due to the fiscal irresponsibility of the US, tax rates will have to rise dramatically over the next few years just to keep the country solvent. Combine that situation with a skyrocketing national debt and unfunded liabilities and there are massive implications for a generation that has the majority of their retirement money in the tax-deferred bucket. If you can situate your retirement assets such that in retirement you are in the zero percent tax bracket then you have effectively insulated yourself from the impact of higher taxes. If you’re in the zero percent tax bracket and tax rates double, two times zero is still zero. Conventional wisdom says that you will be in a lower tax bracket in retirement than during your working years, and that made sense in the 70’s but it doesn’t hold true for the current situation. What he found was that a lot of the deductions you enjoy when you’re working disappear once you retire and many people end up in a higher tax bracket instead. We know that the current tax rates expire on Jan 1, 2026 and they will return to what they were in 2017, but the real danger is what will happen to tax rates in 2028, 2030, and beyond. We are moving into a future where the debt we are taking on will be unsustainable and we will either default on the debt or raise taxes. It will be challenging but there are ways for people to insulate themselves from these dire repercussions. Most people believe that tax rates will be higher in the future, but they still have the majority of their retirement portfolio in the tax-deferred bucket. This means there is a disconnect between what people believe and how they act because of the inertia of traditional wisdom. Like the average person, the federal government has trouble delaying gratification. We do a lot of things as a country that help us scratch our itch in the short term but that has a lot of adverse repercussions over time. This is a problem that pervades every single part of government and society, but there are things we can do to forestall these eventualities. There isn’t an official zero percent tax bracket, but it is possible to not pay tax in retirement by positioning your money in the right amounts in the right accounts. David’s second favorite tax bracket is the 24% tax bracket because it doesn’t “cost” as much. If you’re in the 22% tax bracket, increasing your taxes by 2% will give you an additional $150,000 in shifting capacity to get more of your money into the tax-free bucket before tax rates go up for good. There is a right amount of money to shift each year that doesn’t push you up into a higher tax bracket but allows you to complete all the shifting before 2026. The Roth conversion is the workhorse that allows you to shift your money to the tax-free bucket. The Power of Zero strategy is not hard to implement. Roth conversions are relatively easy to do, in terms of not having to liquidate assets. You just have to be willing and able to pay the taxes from some other source. When you figure out your taxable income, you figure out what your highest marginal tax bracket is. David breaks down the basic process of a Roth conversion and why you should pay your tax at the time of the transfer. Your taxable bucket is your least efficient bucket. You know you have a taxable investment if you receive a 1099 form from your financial institution. This isn’t good because when you amortize those efficiencies over a lifetime, it can cost you hundreds of thousands of dollars. Shift money from your tax-deferred bucket to your tax-free bucket by using money from your least efficient bucket. In the act of paying taxes on our Roth conversion out of our taxable bucket, we are reducing our least efficient bucket and maximizing our most efficient bucket. Study the tax brackets and the fiscal condition of the country. Let’s not invest our money in a reflexive sort of way, let’s be more cognizant of the fiscal condition of the country and make investment decisions accordingly.
22 min
Millennial Money
Millennial Money
Shannah Compton Game
Yes, You Can Invest Sustainably & Build Wealth | Sarah Bengtsson
Do you feel it? The tide is changing and that’s a good thing. You want more – you want to invest in companies focused on sustainability, doing good for the planet, companies that you believe in. Sustainable investing is the wave of the future and investing expert Sarah Bengtsson will show you how you can invest sustainably and build wealth at the same time. Meet Sarah Sarah is an investor and educator who teaches people how to build generational wealth that is sustainable both for themselves, and the planet. Investing has never been more accessible than it is today, and even though the definition of sustainability is highly debatable, it gets easier when you start with asking yourself, “What do I actually care about?”. Sarah has an MSc in Economics from Lund University and several years of experience working in the wealth management industry in both Sweden and Switzerland. What You'll Learn * What does it mean to invest sustainably * How to get started investing sustainably * Trends that are emerging in sustainable investing * What is an ESG rating and how do you find them * Money lessons to build sustainable wealth * Links * Where Money Meets Soul online * Sarah on Instagram * Free Masterclass Episode Sponsors Make it the year you finally cross life insurance off your list, and get protection for your loved ones. Go to and get started. You could save 50% or more by comparing quotes and start the new year with one less thing to worry about. Literati Kids is a subscription book club for kids ages 0 - 12 that sends 5 beautiful children’s books to your door each hand-picked by experts. Go to for TWENTY-FIVE PERCENT OFF your FIRST TWO ORDERS and pick your kid's book club gift today. SUBSCRIBE & SHARE Want to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE! 👉 Sign up for my weekly LET’S TALK MONEY email newsletter. Ask Shannah Have an Ask Shannah question, submit it here Get Social * Shannah on Twitter * Shannah on Instagram
33 min
Financial Independence Podcast
Financial Independence Podcast
The Mad Fientist
8 Key Lessons from the Ultralearning Experiment
Last year, I conducted an experiment in Ultralearning that I hoped would help me achieve a lifelong dream of mine of writing and releasing an album. I’m happy to say it was far more successful than I ever imagined it would be! As I mentioned in the initial Ultralearning podcast episode, the hope for the 3-month experiment was that it would accelerate my progress towards my goal and make the process more enjoyable. Well, it did all that and more… I ended up finishing a song during that 3-month experiment and I can’t believe it but I just released that single today! Not only did I write a song during the experiment, I continued writing music since then and I now have enough material for an album! Never in my wildest dreams would I have thought this experiment would help me make so much progress but it has! In today’s podcast episode, I go through everything I learned and explain why the Ultralearning Experiment helped me push past the self-doubt and self-destructive habits that have plagued me in the past. I also describe the new routines the experiment helped me develop and why those new habits have allowed me accomplish more than I ever have before! Highlights * How to get your brain ready (and why it’s essential for making progress) * The best way to make developing new habits easier * What you should focus on and why * How to be original and creative * Why you should make your project “real” (even if it makes you feel silly) * When it’s worth spending more money instead of less * Why you should expect to encounter the “gap” and how to get over it
39 min
Live Inspired Podcast with John O'Leary
Live Inspired Podcast with John O'Leary
John O'Leary
Love is Key (Matt Miller ep. 324)
Matt Miller is a proven + award-winning leader who focuses on building positive relationships that lead to impactful + measurable change. His motto is “love is key” and I’m honored to share that he joined our team as Lead Live Inspired Coach last year. We first met eight years ago, I was invited to speak at the elementary school where Matt was principal. His devotion, attentiveness and respect for and from the teachers + faculty was unmatched. Even more impressive was his ability to empower young students to become leaders and harness their unique gifts. Today Matt will share his best tips on how to strengthen your leadership, liberate yourself from personal + professional challenges and set attainable goals to make 2021 your best year yet. SHOW NOTES: * Growing up in the small town of Corning, Iowa, Matt credits his four grandparents as the reason he works hard, wakes up early and enjoys gardening. * Even as a young lifeguard, Matt has had a passion for the kids that needed the extra help which led him to become a special education teacher and then spending 23 years as a principal. * Matt enjoyed watching children, especially those that needed extra help, succeed. Quickly realizing the important role teachers + administrators played in students’ success, he pursued becoming a principal. * Students of effective teachers can confidently answer “yes” to these two questions: Does my teacher care about me? Is my teacher committed to my success? * How we see things determines our behavior which determines the results that we get. * Power of popsicles: On his first day as principal, Matt used popsicles to build relationships with notorious troublemakers by empowering them to be leaders in their community, an approach that surprised veteran staff members. * At our 2014 LAUNCH Leadership Conference, Matt shared the strategy he was using to lead young elementary students in setting + attaining goals which had a profound impact on influential business leaders. * Live Inspired Coaching pillars: * Find your one: what’s the one thing you want to get focused on this week? * Stay in your circle: The only person we have control over is ourselves. If we’re not happy with the results that we’re given, go back to the top and ask, “how can I see this differently,’ or “who can help me see this differently?” * Take the next right step. * The Live Inspired Coaching program has empowered thousands of individuals achieve their personal + professional goals through our exclusive, personalized and unmatched process built on inspiration, personal leadership principles and individual accountability plans. Learn more here. * “What we choose not to do is just as important as what we choose to do.” * “The mind quits before the body.” * As individuals, we need three things: A goal, plans to achieve that goal and agency of ourselves. * Love family, love others. What are we grateful for? * “The main thing is to keep the main thing the main thing.” – Stephen Covey * How to make 2021 your best year yet? * What is the one thing I want to get better at? * What is in your circle that you can do every day to take that next right step? * What is a relationship that needs improvement in my life? * Matt mentions how Live Inspired Podcast guest Doug Lindsay’s perspective on hope resonated deeply with him. Learn more about Doug + his resilient journey on ep. 322. * Read the guest blog by Len Dino I referenced here. * Transform your work. Transform your life. Learn more about our exclusive, personalized and unmatched process Live Inspired Coaching here. * Gather + grow. Join our community of like-minded individuals in Live Inspired In Studio here. MATT MILLER'S LIVE INSPIRED 7 1. What is the best book you’ve ever read? The 7 Habits of Highly Effective People by Stephen Covey. 2. What is a characteristic or trait that you possessed as a child that you wish you still exhibited today? Free spirit. 3. Your house is on fire, all living things and people are out. You have the opportunity to run in and grab one item. What would it be? Handwritten notes from all the kids, parents and teachers but specifically the first note my dad ever wrote me as a freshman in college. 4. You are sitting on a bench overlooking a gorgeous beach. You have the opportunity to have a long conversation with anyone living or dead. Who would it be? All four of my grandparents and I want to tell them how appreciative I am. 5. What is the best advice you’ve ever received? My wife Annie telling me to get my Master's when seeing my passion for teaching children. 6. What advice would you give your 20-year-old self? Continue to think outside the box. 7. It’s been said that all great people can have their lives summed up in one sentence. How do you want yours to read? Loved family. Loved others. *** About our sponsor: Keeley Companies wholeheartedly believes that if you get the people right -the results will follow. They set themselves apart with a forward-thinking culture that empowers their people and fosters loyal partnerships. Keeley Companies are a proud sponsor, partner, and super fan of the Live Inspired Podcast. Learn more about Keeley Companies.
49 min
Real Estate & Financial Independence Podcast
Real Estate & Financial Independence Podcast
Chad Coach Carson
#148: The Mad Fientist on Pursuing Your Dreams After FI
Episode #148 - Brandon Ganch (aka the Mad Fientist) saved his money and left a career as a computer programmer in his early 30s to pursue a life of early retirement. In this interview with Coach, he shares some of the highs and lows of his journey (including disillusionment & depression). He also shares some tips on how he would have done things differently and how to build a life around learning and skill development, which currently means pursuing his dream of becoming a musician (he's even releasing an album! see link below). Links from the Mad Fientist: Pre-order the album - Mad Fientist's investing portfolio - Ultalearning podcast - Emotional ups & downs of FI journey - Withdrawal rate article - 💲RENTAL PROPERTY ANALYSIS🏘️ My online course teaches EXACTLY how I run the numbers and confidently analyze rental properties that produce cash flow and build wealth (includes my spreadsheet): __________ 🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing! ---------------- ▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews ---------------- 📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT ---------------- FOLLOW ME ON INSTAGRAM 📸 ---------------- READ MY BOOK ON RETIRING EARLY 📚 ---------------- 👋👋 SAY HI ON SOCIAL
1 hr 9 min
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