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 about 18 months it should increase to ~$300,000/year. Fortunately, we have some extra income available after covering our expenses and I am looking to figure out the best allocation of our current overages between saving for the future and paying off debt.

What we cover in this episode:

  • Should income be used to pay off debt or build wealth? 

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