How to Invest When You Have Student Loans



Lauren interviews Kristen Robinson from Fidelity Investments The Financial Diet blog: http://www.thefinancialdiet.com 6 steps to ditch debt and still save: https://www.fidelity.com/mymoney/ditch-debt-and-start-saving Couples Retirement Study looks at how well couples communicate about their finances: https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/couples-retirement-fact-sheet.pdf Simple Budget Checkup tool to see how your budget compares to our 50/15/5 rule of thumb: https://communications.fidelity.com/pi/calculators/budgetcheckup/ The power of saving 1% more, can make a big difference, especially starting when you’re young. https://www.fidelity.com/viewpoints/retirement/saving-more-can-go-a-long-way Facebook: https://www.facebook.com/thefinancialdiet Twitter: https://twitter.com/TFDiet Tumblr: http://thefinancialdiet.tumblr.com/

Comments

  1. The only one that makes sense while in debt to me is the 401K match. I see what she is saying, but even she doesn't seem to promote much investing with debt. I wouldn't recommend to anyone to invest with significant debt. It's easy to point in how investing helps in the long run, but this is avoiding the rapidness that the debt also grows due to interest rates. That's a BIG deal!
  2. my job doesn't offer a 401k. Where can i go to start a retirement savings account?
  3. Chelsea is a cunt! Thanks to her article calling people with mental illness ASSHOLES she's about to get some new attention. Although, I'm guessing it won't be in the form that she likes. This money whore thinks that people with a mental illness can control their emotions and words during an episode. What controls our emotions and ability to calm down? Our brain does. Mental illness means the brain doesn't work right. It's called an ILLNESS for a reason.
  4. Lauren, you need to stop swiveling so much! Minor details aside, this was soooooo good! Thanks for making such an informative video. I hope TFD can have more guests like this in the future.
  5. What 25 year old is making $40,000 a year!? I am 3 years out of my bachelors and I can barley fine a full time job.
  6. I've got a question about the 15% of income which is here given as a guideline to put away for retirement. Here in Germany you pay about 10% of your brutto income in a compulsory retirement insurance. How much do you spent for that in the US and if you are handeling this very differently - would you still stick with this 15% or would you give a different suggestion? I love your videos by the way - they are fun to watch and at the same time so very helpful
  7. This was a great interview, and very applicable to what I think is the majority of your audience! I love when you guys interview people on the show.
  8. How do you find side jobs?
  9. This was so helpful and informative! What a great guest to put things in perspective!
  10. so I should borrow as much as I possibly can while I'm young to invest to capitalize on the time value of money by this logic? just as I'm spending money on retirement while interest is accruing on my student loans?
    buy on margin. got it.
  11. starting to put money into a savings account for retirement as a 20 year old?! not sure if I agree with that.. does superannuation count?
  12. Great Interview 👍🏻
  13. 1. Very helpful video. 2. Congrats on your upcoming nuptials, Lauren!!
  14. I would also be really interested in learning about how to actually invest things. Where do you even do that?
  15. Can we get a video on handling side jobs like nannying or busking etc that aren't really easy to tax or retire from? obviously everyone wants the 50k a year office job, but how do you handle it when the budget is a lot smaller?
  16. Yet I dream of getting a 40k job a year. I've barely been able to continually break 20k since graduating college and I've worked multiple jobs. I'd prefer to see more on quality resume stuff to help you get job that gives you 40k, because those seem elusive in my neck of the woods.
  17. (though, inflation)
  18. This was very helpful. Would you be able to compile a list of places with the best IRA or investment benefits?
  19. I get the idea of compartmentalizing your debt and money, and taking steps to make sure you're going to be prepared for your future, but if you have a 30K student loan at 12%, putting an extra 10k into a savings account or other investment at 5% (if you're really lucky) is pretty counter-productive in my opinion. The thing about your employer matching your contribution is obviously a big thing, but other than that it's all about how you personally manage your money. Keeping a basic emergency fund in an okay-interest savings account and then dumping all of the rest of your money into paying off the loan in the long run is going to have you coming off paying less interest. Instead of putting that 15% into a rrsp and having the bank take the difference between that and your loan, why not pay off the loan with it?
  20. This was really informative. Thank you!


Additional Information:

Visibility: 6065

Duration: 11m 27s

Rating: 305