Should I refinance my student loans? With high interest rates, it’s typical to consider refinancing your loans. However, is refinancing right for you? First of all, what is refinancing? By definition, it’s when a private lender pays off your loans, most commonly your federal student loans then replaces them with one loan with a new interest rate and new repayment…
Click the link below to listen! https://ferventlyfit.libsyn.com/dr-caroline-clerisme-ceo-of-doctors-out-of-debt-student-loan-reduction-creating-generational-wealth
https://youtu.be/dNn4t5aoHEs
Here’s a list of a few side gigs that you could be doing now for either active or passive income. Dental hygienist or part time dentist on Saturdays ( I did that for a couple of years after graduation). Medical Consulting Brand ambassador for scrubs company, toothpaste company, cosmetic company, etc ( Instagram is a great place to get noticed) Join a…
How many bank accounts should you have? As many as your bank will allow! You need to have a purpose to save money. Why are you saving? What are you saving for? Ask yourself that question.Whether it’s for a car, furniture, down payment on a house, vacation, etc, it’s important to know why you are saving. Find a bank with high…
When embarking on your debt repayment journey, it’s imperative to find programs that might offer to pay a portion of your debt while you work at a specific area for 2-4 years. Here are a few of these programs: 1. State loan repayment programMA for example has a program where they pay $ 50,000 towards student loans for eligible health professionals. Find out from your state if…
Podcasts, seminars, webinars, books, etc. There are so many ways to become financially literate to know what is the best way to pay off debt and create generational wealth. However, before starting your debt repayment journey, there are a few things to address first. It’s key to be open to be financially literate so you can recognize money schemes, a…
Real Estate or The Stock Market? Before answering that question, let’s look at the differences:By definition real estate is a tangible asset and a stock is an investment that represents a share, or partial ownership of a company. Stocks are liquid as you can easily buy and sell them compared to real estate where it can take a while to sell a…
Want to get out of debt and learn some basic strategies on building generational wealth? Listen to this episode with Dr. Caroline Clerisme! Click Here to Listen To The Podcast: Paying Off Dental School Debt and Building Generational Wealth with Dr. Caroline Clerisme!
1.Only making the minimum payment. Unless you are having financial difficulties, more than the monthly minimum is necessary in order to pay off your loans. Paying only the minimum or participating in IBR/ICR long term is a sure way of making banks/loan servicers wealthy by paying all those interests. 2. Ignoring interests. To go back to mistake # 1: it’s important to look at…