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James Martin

Dr.James Martin

Episode 88

How To Negotiate The Higher Student Loan Interest Rates with Bilal Ahmed

Hosted by: Dr. James Martin

The Academy Discover Your Options as an Investor

Description

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How many of us are still trying to make sense of our student loans and the seemingly complex repayment processes? Well, fret no more! This episode is packed with some invaluable insights and enlightening discussions on student loans, repayment options, and financial planning with our insightful guest, Amit Balal. We explore the various types of student loans, the annual threshold, and specific considerations for self-employed borrowers. Navigate the labyrinth of student loans with us and learn how to effectively manage them.

Drawing comparisons between the self-employed and employed, we address the elephant in the room: taxes and student loan repayments. Not only do we shed light on the tax benefits of having a limited company, but Amit also throws light on how your salary and dividends factor into your student loan repayments. We don't stop there! The conversation shifts to interest rates and their evolution over time, emphasizing their crucial role in your financial planning journey. 

Debt and investing are often seen as two sides of the same coin, and striking a balance between them can be a daunting task. But we've got you covered! We delve into strategies for wealth management, debt repayment, and the implications of your financial decisions. Using the rule of thumb for debt over 5% APR and under 3%, we help you decide when to prioritize debt repayment over investing and vice versa. Lastly, we discuss personal financial exposure, how to provide your children with a financial head start, and the importance of balancing debt repayment with investment for financial security. Ready to dive in? Tune in and let's get started!

Transcription

Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.
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