Business
Today we talk to Sammie, a physician assistant out of the San Francisco Bay Area. Sammie makes a great income, around $140,000 a year, but is strapped with a very big $160,000 student loan debt. The good news? She’s eligible for public service loan forgiveness within only a few years, all she needs to do is continue paying her loan payments while keeping her job, and the debt will be wiped away!This is fantastic for Sammie, because she wants to start investing more into assets so she can hit financial independence within the next decade.This should be more than possible seeing as she used to be spending a lot on her rent in San Francisco, but decided to move back home with her parents two years ago to not only help them, but save money.Sammie has some options to work more hours at her job, invest more aggressively, or buy some rental properties. She has a good amount in cash savings and would be comfortable looking into rentals starting next year. She also has a $200,000+ investment portfolio, so not only does she have a positive net worth, when her student loans get forgiven, she’ll be sitting on a lot of money she’ll be able to play with!In This Episode We CoverPublic service loan forgiveness for student loansMoving back home in order to save money on rent Creating more streams of income to hit FI faster and so you can retire more comfortablyChoosing to stay at your job even if you’ve hit your FI number Investing in your 401(k), Roth IRA, and Traditional IRAKeeping monthly expenses as low as possible on your road to retirementAnd So Much More!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingScott's InstagramMindy's TwitterBiggerPockets Money Podcast 22 with Travis HornsbyStatus Post Adulting PodcastReal Estate Agent DirectoryBiggerPockets Money Podcast 118BiggerPockets Money Podcast 84 with Kyle MastBiggerPockets Membership Benefits & CostBiggerPockets BookstoreCheck the full show notes here: https://www.biggerpockets.com/moneyshow186