Episode 4: James

Meet James

Age: 29

Salary: $130,000

Employment: Attorney

Savings and Investments: 

  • 401K Balance = Maxing-out at $18,500 per year
  • Savings Balance = $50,000


  • $139,000 student loans

James’ main concerns, in his words

I’m about to turn 30, and my wife and I just had our first child. We owe $230K on our house. I’m an attorney making $130K and my wife is a dietitian making $50K. Here’s the issue: my student debt. I graduated from law school in 2010, and my student debt currently stands at $139,000. We pay extra each month towards the debt, contribute to our 401Ks, and opened a 529 account for our son. But are we putting our money in the right places? Should we be investing more, or attacking the debt?

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