Category Archives: College

Ep. 149: College Financial Literacy

This week, I talked with Phil Schuman, Director of Financial Literacy at Indiana University. Phil and I have been working together since last fall on a project to increase college financial literacy. The program, called Money Smarts U, is through…

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Ep. 130: College Savings

Topic: College Savings Special Guest: Troy Montigney, ‘The 529 Guy’, Executive Director of the Indiana Education Savings Authority This week we talk saving for college, specifically Indiana’s 529 plan. You may have heard me talk about this before in the form…

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Ep. 115: Malcolm is a doctor and is about to get paid

M$D: 4/14/2051 Meet Malcolm Age: 28 Malcolm’s main concerns, in his words: I’m a little over a year out of medical school, doing a three year residency training program. I have about $312,000 in student debt, and make about $50,000 a year until I graduate…

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Ep. 86: Setting Goals

You set goals all the time, but they probably aren’t good ones. Sorry to burst your bubble, but setting smart financial goals is a honed skill. In this episode, I’ll help you understand how to set goals that challenge you but are still realistic and achievable.

Ep. 77: Danielle is self-employed and worried about creating permanent stability

M$D: September 13, 2033 Meet Danielle Age: 34 Danielle’s main concerns, in her own words: I love my job, and I’m proud of what I’ve accomplished, but I am concerned about several aspects of my future financial stability. (1)Student loan debt. I currently have $70,000 in student loan debt, and am…

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Ep. 69: Todd is about to go back to school, buy a house, and start a family

M$D: June 5, 2026 Meet Todd Age: 27 Todd’s main concerns, in his own words: My wife and I are currently in a good financial position (good jobs, decent retirement savings, decent earnings to spending ratio, minimal debt). However, over the next 12-24 months,…

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Ep. 67: Tori’s PhD is going to change her life

M$D: October 5, 2035 Meet Tori Age: 27 Tori’s main concerns, in her own words: I am a PhD student about to graduate this spring. I have a job lined up in another state and my husband will be able to transfer to remote work…

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Ep. 65: Giuseppe’s income is going to get huge in a year

M$D: It’s complicated Meet Giuseppe Age: 36 Giuseppe’s main concerns, in his own words: I’m 36 with a wife and a 6 year old. We owe a total of about $380,000, almost all of which is student loans. We currently make about $170,000/year. In…

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Ep. 63: Spencer wants to take a break to go get his MBA

M$D: February 5, 2037 Meet Spencer Age: 25 Spencer’s main concerns, in his own words: I’ll keep the details limited. $22k in student debt at 7.35% (private loan). $29k in savings. $10k in 401k. Current renter with roommates. I would potentially like to buy…

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Ep. 56: Betty’s retirement plan stability makes college possible for her daugher

Million Dollar Day: July 5th, 2029 Meet Betty Age: 41 Betty’s main concerns, in her own words: I’m wondering how badly I’m screwing up my chances of getting financial aid for my 14 year old daughter. I got a very late start to…

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