The FitBUX Podcast: Recent Episodes
Joseph Reinke
We interview FitBUX Members at different points along their financial journey to provide you motivation and ideas. From student loans to retirement. We also do episodes where we take individual finance topics and deeper dive into them.
Today we discuss how to obtain true financial wellness with a challenge. Are you up for it?
Tune in to the FitBUX podcast for a deep dive into all things finance, from mastering personal finance to skillfully paying off loans. This episode puts entrepreneurship in the spotlight, offering business advice and practical tips for effective money management.
Learn how to navigate the financial landscape while building your business. Jessica and Andrew Roden discuss their inspirational journey from being health care workers to jumping head first into business. Its a great story of how they took their expertise, saw a problem in the market, and launched Roblox.
The landmark student loan bill has just become law—and it impacts everyone from future borrowers to current students, and from those paying off debt to those chasing forgiveness under PSLF. In this episode, I’ll walk you through:
- The key dates and deadlines you cannot afford to miss
- The final components of the bill that will change how you repay
- Who wins, who needs to pivot, and what steps you should take right now
You show up every day, work your tail off, and still feel like your bank account never reflects your effort.
You’re not lazy. You’re not irresponsible. You’ve just never been shown how the system quietly pulls money from your future.
In this podcast, FitBUX’s founder and CFA Charterholder Joseph Reinke reveals 7 silent traps that are draining your wealth—and how to avoid them.
These aren’t the typical budgeting tips or hustle-harder hacks. These are the blind spots no one tells you about—until now. In his years of experience, Joseph Reinke has identified that people often make the same money mistakes, keeping them from moving forward, even when they focus on saving and working hard.
This podcast breaks down each of these financial obstacles and gives practical tips to fix them, helping viewers with money management and to achieve their financial goals. 🙋♂️ Have you fallen into one of these traps? Comment below and share your story.
You’re not alone—and your breakthrough might help someone else too.
Financial Planning Guide: https://www.fitbux.com/financial-guides/
We’ve helped over 20,000 borrowers manage more than $2.7 billion in student loans and assets—and we’re not politicians or lobbyists. We’re real experts who’ve seen the good, the bad, and the absurd.
In this episode, two of our FitBUX experts break down what we believe is the real solution to the student loan crisis. We talk through the root of the problem, the blind spots most people (and policymakers) overlook, and the practical fixes that would actually help borrowers—not confuse them more.
Whether you're a student, a recent grad, or already in repayment, this discussion will open your eyes to the truth behind the chaos—and what can be done about it.
🎧 Watch now to hear:
- Why forgiveness programs are only part of the puzzle
- What we’d change about loan servicing, IDR, and PSLF
- The economic and behavioral traps no one talks about
- How technology and education can actually solve this
🚨 This isn’t final yet—but it could change everything. Congress is proposing a brand-new student loan repayment plan called IBR RAP—and it’s not just a tweak.
We're talking about interest forgiveness, a $50 cap on principal reduction, and a repayment structure that flips everything we’ve known about IDR plans.
In this LIVE from YouTube, we’ll walk through:
✅ What the proposal actually says (not the headlines)
✅ Real payment examples: $10, $50, $400, and what gets forgiven
✅ Whether this is better or worse than SAVE, PAYE, or IBR
✅ What this means for your loan balance, forgiveness timeline, and financial plan
✅ Why some borrowers are already saying this violates their Master Promissory Note—and could lead to lawsuits
⚠️ If you’ve ever been told you’re locked into PAYE or New IBR, this plan could force you off those repayment options—no grandfathering. That’s where the legal firestorm begins.
🎯 Whether you’re paying off loans or hoping for forgiveness, this could impact your entire financial strategy.
💬 Drop your questions in the chat—this is your chance to get clarity before anything becomes law.
📌 FitBUX has helped 20,000+ borrowers manage over $2.9 billion in student loans and assets. We’re here to simplify the chaos and help you make confident decisions.
What happens when a burnt-out nurse decides to rewrite the rules? In this powerful episode, we sit down with Ebony Tillery, a Brooklyn native turned 7-figure nursepreneur, to unpack the raw, real story behind her transformation—from working grueling bedside shifts to building a thriving virtual weight loss clinic and teaching other NPs to do the same.
We dive into:
✅ The breaking point that sparked her leap from burnout to business ✅ Growing up in Brooklyn and breaking free from the expectations that hold so many back ✅ How trauma, divorce, and solo homebuying built unshakable resilience ✅ The biggest fears she faced going virtual—and how she pushed through ✅ What freedom really looks like as a mom and entrepreneur ✅ Why so many nurses stay stuck (and how to break the cycle) ✅ Her journey investing in real estate and crypto—without a financial background ✅ What she tells NPs sitting in their car before a shift, feeling hopeless
Whether you’re just starting out, stuck in burnout, or dreaming of something more—Ebony’s story proves you don’t need permission to build a life on your terms. You just need a plan, belief, and one small step.
🎓 Why does it cost so much to become a DPT—and what can we do about it?
In this episode, I sit down with Dr. Richard Severin, DPT, to explore the growing cost of physical therapy education. We take a deep dive into:
- 📉 Application trends and what they reveal
- 🏫 Public vs. private DPT programs
- 💡 Creative (and realistic) ways to fix the system
Whether you're a current PT student, a new grad, or just considering the profession—this is a must-watch.
The house education and workforce committee rolled out its plan for higher education and student loans today.
It has a LONG way to become law but I've seen people freaking out all over social media about it... which is ironic because there is a lot of good stuff in it that in my opinion is way better than the current plans.
I usually don't do any content on this type of stuff until it becomes law.
However, because of the mass hysteria I've seen today, I'm going to jump on a live in about 5 minutes. I'll be discussing what is in it, what is good, what is bad, and WHO IT WILL APPLY TO...
Need financial help? Be sure to become a member at https://www.fitbux.com
What’s coming for student loans over the next 3.5 years?
There is a lot more than you’ve been told.
Are there actually going to be changes? In this live stream, we’re unpacking everything:
✅ The shift from the Department of Education to the SBA
✅ Proposed changes to IBR and the future of IDR plans
✅ The risk of PSLF disappearing as non-profit status comes under fire
Are these real threats or just headlines.
Whether you’re chasing forgiveness, aggressively paying off debt, or somewhere in between… the next few years will separate those who plan from those who panic.
We’ll also cover: – What these changes really mean for new grads and borrowers – How to avoid the blind spots that trip up most borrowers – The steps you can take today to adapt before it’s too late
Oh and by the way, I also touch on tariffs....
Running a business in the allied health space comes with its fair share of challenges. But what if there was a way to streamline your operations, save time, and cut costs? In this episode, we sit down with a team member from Jane App to dive into how their software is making life easier for business owners like you.
We cover:
✅ The history of Jane App and its mission ✅ How it simplifies scheduling, billing, and documentation ✅ Why PTs and other allied health professionals love it ✅ How its features help you save time and money
🔗 Want to get to know Jane a little better? Check out Jane App here
📅 Book a demo and chat with their team: Book a Demo
🚀 Ready to jump in? Get a 1-month grace period on your new Jane App account using the code FITBUX.
If you’re a PT or allied health professional looking for a better way to manage your practice, this is a must-watch!
👉 The stock market looks dangerously overvalued — and it’s not just the S&P 500. Since 2008, the market has been propped up by low interest rates and Fed intervention… but now the cracks are starting to show.
In this live video, we’ll break down:
✅ The S&P 500’s PE ratio — why it’s flashing warning signs ✅ How the Fed’s latest moves could push the market over the edge ✅ The truth about tariffs, housing affordability, and why it’s all connected If you’re wondering whether we’re on the edge of a major crash — or even a full-blown economic disaster — you won’t want to miss this.
In this episode, FitBUX founder Joseph Reinke sits down with Karen Litzy, a self-employed healthcare entrepreneur and host of one of the largest podcasts in the industry.
Karen shares her journey from clinician to business owner, breaking down the ups and downs of running a healthcare business, the lessons she's learned, and the strategies that have fueled her success.
She also reveals the technologies and services she uses to streamline her operations, the biggest challenges she’s faced, and her best advice for healthcare professionals looking to grow their own business or brand.
Whether you're a healthcare provider, entrepreneur, or someone looking to scale a service-based business, this episode is packed with real-world insights you can apply today.
In this episode, Josh Mettle from Neo Home Loans and Joseph Reinke, CFA, team up to answer your biggest questions about buying a home in today’s market. Whether you’re wondering about mortgage options, how to qualify, or what current trends mean for you — we’ve got you covered.
Here’s what we discuss:
✅ Current housing market trends and what they mean for buyers ✅ Professional mortgage loans – are they the right fit for you? ✅ FHA loans – who qualifies and how they work ✅ Qualifying for a mortgage while your student loans are in forbearance ✅ Proven tips to boost your chances of getting approved
👉 Don’t miss this chance to get expert advice and feel confident about your next steps toward homeownership.
🎯 Book a consultation with Neo Home Loans: https://www.medicalprofessionalhomeloans.com/neofitbux/
Last night, I went live to break down the latest developments in student loans, and trust me, there's a lot happening. First, we discussed the IDR injunction—why it’s blocking all applications, what it means for borrowers, and what to expect next. Then, we dove into the budget reconciliation bill, which includes some major student loan changes that could impact repayment plans, forgiveness programs, and more. But here’s the real question: What are the chances these changes actually pass?
If you have student loans, you don’t want to miss this episode. Tune in now to stay ahead of the game and make informed decisions about your financial future!
If you need help with your finances, we'd love to help you find financial peace of mind. Be sure to become a Member of FitBUX today.
Student loans are a disaster. New rules, endless changes, and lawsuits have turned an already complex system into total chaos. And while YouTube is packed with 20-minute videos on how to “game the system,” most of those strategies sound great in theory but fall apart in real life.
But here’s the real takeaway from all this… Millionaires don’t overcomplicate money. They follow one key principle that keeps their finances simple, stress-free, and growing.
In this episode, I break down: ✔️ How the student loan mess exposed a critical wealth-building lesson ✔️ Why overcomplicating money leads to stress, bad decisions, and wasted time ✔️ The financial mindset and system that millionaires use to stay ahead
🎯 Want to simplify your finances and build wealth without the stress? Download our free financial guides here
📍 Need help with your student loans or financial plan? Schedule a free call with FitBUX
📩 Have questions? Send them in, and we might answer them on the next episode!
🔔 If you found this episode valuable, be sure to follow, rate, and share it with someone who needs to hear this!
🎙️ The Truth About Student Loan Consolidation – What They’re Not Telling You!
"I just spoke to my loan servicer, and they said I should consolidate my federal loans…"
I see emails like this all the time. Loan servicers push consolidation like it’s the magic fix for lowering payments, saving money, or getting a better interest rate. But here’s the truth—that’s all a myth. And if you consolidate at the wrong time, it could cost you thousands.
In this episode, I’m breaking down: ✅ What consolidation actually does (and what it doesn’t) ❌ When consolidating your loans is a huge mistake 💰 Who should consider consolidation—and who absolutely shouldn’t 🔑 The one strategy that actually saves you money: refinancing
By the end of this episode, you’ll know exactly how to make the right move for your student loans—and avoid costly mistakes.
Need help. Join FitBUX and leave your financial stress behind.
Thinking about switching to 1099 work? It sounds great—more flexibility, higher pay, and tax write-offs. But is it actually worth it?
In this episode, we break down everything you need to know about 1099 vs. W-2 income so you don’t leave money on the table. We’ll cover:
🔹 1099 vs. W-2: Which one is better for you? (Hidden costs most people overlook) 🔹 How much more do you really need to make as a contractor to come out ahead? (The break-even math that might shock you) 🔹 How to maximize 1099 income with real-world strategies (Case study: How one professional made an extra $80K by making the switch)
📌 Thinking about going 1099? Before you make the leap, listen to this episode—it could save you thousands.
Need help with financial management, become a member at https://www.fitbux.com
Dr. Disrespect didn’t just become one of the biggest gaming personalities overnight—he built a character that led to his financial success. But here’s the secret: you can do the same. In this episode, we break down how consciously shaping your persona, habits, and mindset can unlock financial freedom and long-term success.
Most people build their character unconsciously, leading to financial struggles. But when you take control, everything changes. Whether you're in healthcare, business, or any profession, the principles remain the same.
🔹 How does your character impact your wealth? 🔹 Why do athletes and military professionals struggle after retirement? 🔹 How can you consciously craft a character that attracts financial success?
💡 Start shaping your financial future today! Sign up at FitBUX.com and take control of your money.
🎧 Listen now and start leveling up your life! 🚀
💰 Student loans, PSLF, repayment plans, investing – there’s a lot to unpack, and it’s hard to know where to start.
🚨 The student loan landscape is changing – PSLF, repayment options, and other major shifts could cost you thousands if you’re not prepared. Whether you’re trying to navigate repayment, maximize PSLF, or figure out your investment options, this LIVE Q&A with a financial expert is your chance to get real answers to your biggest money questions.
This episode is the audio version of our Youtube live this past week. We dove deep into how we got here with student loans, irony of IBR, is non-profit status going away for hospitals, what happens if the DOE goes away, and much more.
If you need help managing your finances be sure to sign up at https://www.fitbux.com.
The student loan landscape is a mess, and if you’re feeling overwhelmed, you’re not alone. In this episode, we break down the latest on IBR, PAYE, and SAVE—what’s changing, what’s staying the same, and what you need to do now.
We also tackle the growing rumors around PSLF, set the record straight on how President Biden actually did succeed in delivering $25K in loan forgiveness (even if it wasn’t the way people expected), and clear up some common Roth IRA mistakes that could be costing you big time.
If you have student loans, retirement goals, or just want to stay ahead of the financial chaos, this episode is for you. Tune in now!
Roth IRA Mistakes video link: https://www.youtube.com/watch?v=aYKF09jz-X8
Protecting Yourself in case PSLF fails: Link
Get financial help now. Future you will thank current you. FitBUX Membership
In this episode of the FitBUX Podcast, host Joseph Reinke is joined by Josh Mettle from Neo Home Loans to dive into the biggest questions surrounding the 2025 housing market. They reflect on 2024’s surprising trends—like rising home prices despite 7-8% mortgage rates—and look ahead to what’s next for buyers, investors, and homeowners.
Key topics include:
- Why home prices remained resilient in 2024
- Where mortgage rates are headed and their impact on affordability
- How millennials and Gen Z are shaping housing demand
- The ongoing challenges with housing supply and new construction
- Predictions for home price appreciation in 2025
Whether you’re planning to buy, sell, or invest, this episode will help you understand the market dynamics and make smarter financial decisions.
Resources Mentioned:
- Learn more about FitBUX financial planning: www.fitbux.com
The CFPB has uncovered shocking errors in student loans, costing borrowers an average of $14,000 each. In this episode, we dive into the most common mistakes—like incorrect payment amounts, auto-pay errors, and misapplied funds—and explain how you can avoid falling victim.
With insights from helping young professionals manage over $2 billion in student loans, we’ll share actionable tips to save you time, money, and stress. Whether you’re repaying loans or pursuing forgiveness, this episode is packed with strategies you can’t afford to miss.
🎙️ Tune in and take control of your student loans today!
Let me know if you’d like further adjustments!
Get financial management help at https://www.fitbux.com
NP Salary Negotiations are a crucial skill for new Nurse Practitioners looking to maximize their income and set themselves up for long-term success.
In this podcast, we’ll dive into strategies that can help you earn $200k+ by thinking like a consultant, not just an employee. From understanding employer dynamics to using leverage effectively, these tips are designed to empower you in salary discussions.
Whether you’re just starting your Nurse Practitioner career or looking to improve your negotiation skills, this video is packed with actionable advice to help you secure the salary you deserve. Watch now and take control of your financial future!
Are you a student or new grad nurse practitioner navigating your first big career decisions? This podcast is packed with essential advice to help you succeed as an NP.
From finding preceptors and avoiding costly mistakes with W-2 vs. 1099 income, to navigating student loans, retirement benefits, and even buying your first home—this guide covers it all. Learn why 23% of nurse practitioners leave their first job within two years and how to avoid being part of that statistic. Whether you’re just starting out or considering a job switch, this video is your roadmap to financial and professional success as an NP.
📌 Podcast Includes: - Finding preceptors and why it matters - Avoiding loan and job mistakes - W-2 vs. 1099 income as a nurse practitioner - Student loan repayment and retirement strategies - Buying your first home and what to know
--- USEFUL LINKS --- * https://www.fitbux.com * https://www.fitbux.com/student-loan-planner/ * https://www.nphub.com/ * https://www.fitbux.com/articles/independent-contractor/ * https://www.medicalprofessionalhomeloans.com/neofitbux
Are hidden wealth killers silently draining your finances? In this episode, we uncover two of the biggest financial mistakes that are costing people tens of thousands—if not hundreds of thousands—over their lifetime. We’ll discuss why reactive financial management, like focusing only on student loans or getting a mortgage in isolation, can lead to costly decisions. Plus, we’ll share how inefficient budgeting tools are wasting time and money.
But don’t worry—there’s a solution. Learn how adaptive financial management can help you avoid these mistakes, take control of your finances, and save for the future.
Links & Resources:
- Learn more about FitBUX: https://www.fitbux.com
- Blog Version of this article: https://www.fitbux.com/articles/two-wealth-killers/
- Video Version: https://youtu.be/JgA1gqpMqC8
Feeling overwhelmed by financial stress? Many people follow a financial management plan for years only to realize they’re nowhere near their goals.
In this poscast, we’ll show you how to eliminate that stress and gain peace of mind with our 5-step system called Adaptive Financial Management.
You’ll learn:
✅ How to organize your finances to make smarter decisions. ✅ Why focusing on one goal at a time is the key to success. ✅ How to simulate your financial plan so you know it works. ✅ The right way to choose and use financial products. ✅ How to track and adjust your plan to stay on course.
Don’t let financial stress hold you back any longer. Discover how Adaptive Financial Management can help you build a plan that adapts to life’s changes and keeps you on track for long-term success.
👉 Ready to get started? Sign up with FitBUX today and take control of your financial future.
The recent election has brought major changes to Washington, and with Trump back in office, the future of student loans is once again in the spotlight. What will these shifts mean for borrowers in 2025?
In this podcast, we’ll cover:
The potential impact on Public Service Loan Forgiveness (PSLF) and the SAVE plan.
Key updates around income-driven repayment plans like PAYE and ICR Whether borrowers who recently had loans forgiven could be impacted.
What Trump’s past proposals may mean for future repayment plans Actionable steps you can take today to prepare for possible changes.
If you’re a borrower, you won’t want to miss these insights. Understanding what’s on the horizon can help you make informed decisions about your financial future. 👀
Ready to dive in?
Click play to get the full breakdown!
And remember, managing student loans is just one part of a complete financial plan.
If you’re looking for a tailored approach, consider becoming a FitBUX member to connect with a financial expert today.
- https://www.fitbux.com
- https://www.fitbux.com/podcast/
- https://www.fitbux.com/student-loan-refinance/
- https://www.fitbux.com/student-loan-planner/
--- S O C I A L S --- *
Facebook: @FitBUXFinanceGroup
Instagram: instagram.com/fitbuxofficial
LinkedIn: https://www.linkedin.com/company/fitbux
SAVE was brought to court to stop it. However, todays hearing implies there are major changes coming to PAYE as well. Student loan forgiveness may not be taking place for a number of plans. Be sure to listen to this update if you are currently on an income-driven repayment plan.
Get Expert Student Loan Help: https://www.fitbux.com/student-loan-planner/
--- USEFUL LINKS ---
- https://www.fitbux.com
- https://www.fitbux.com/podcast/
- https://www.fitbux.com/student-loan-refinance/
- https://www.fitbux.com/student-loan-planner/
Are you sure you’re on the right path with your student loan repayment? In this podcast, Joseph Reinke, CFA breaks down everything you need to know to make the best financial decision for your student loans.
Whether you’re just starting repayment or already a few years in, this expert checklist from FitBUX will guide you through every step, ensuring you avoid costly mistakes and maximize your financial future.
We cover key topics like:
- Choosing the right repayment strategy for your goals
- Understanding the impact of student loans on major life decisions like buying a house or retirement planning
- Income-Driven Repayment (IDR) and Public Service Loan Forgiveness (PSLF)
- The importance of building a comprehensive financial plan to save thousands
Get expert student loan help at: https://www.fitbux.com/student-loan-planner/
What would you do if you were $1 million in debt? In this episode, we sit down with the incredible Naseema McElroy (@financiallyintentional), a nurse practitioner, mom, and financial powerhouse, who didn’t just tackle that level of debt—she turned it into almost $1 million in assets! 💸
Naseema shares her inspiring journey, from struggling with financial missteps to creating a future filled with financial independence and security. We dive deep into how she shifted her mindset, the strategies she used, and the lessons she’s learned along the way.
Whether you're looking to eliminate debt, grow your wealth, or find balance between work, family, and finances, this episode is packed with invaluable insights and actionable tips. 🎙️ Topics Covered: Naseema’s early financial struggles despite earning six figures - The pivotal moment that changed her financial mindset - Practical steps she used to pay off nearly $1 million in debt - How she built almost $1 million in assets - Advice for anyone feeling overwhelmed by debt or financial challenges.
Need Financial Help? Be sure to become a member of FitBUX.
In this inspiring FitBUX podcast episode, Joseph Reinke sits down with Mike Mutzel, founder of High Intensity Health ( @Highintensityhealth ) Myoxcience, to dive deep into his journey from passionate health advocate to successful business owner. Mike shares the invaluable skills he’s learned along the way, the connection between health and financial wellness, and tips for expanding beyond digital creation. Whether you’re curious about writing a book, growing your business, or simply looking for personal growth advice, this conversation is packed with insights for young professionals on their journey to financial wellness.
Video Version: https://youtu.be/SQzuGDos0g4
In this episode, we dive deep into the differences between financial planning and budgeting, exploring how each plays a crucial role in achieving true financial success.
Discover how I transformed my financial situation and gained financial freedom through effective strategies that go beyond just managing expenses. Learn the importance of financial planning in setting long-term goals and how budgeting can help you stay on track in your day-to-day life.
With insights from my own experiences and tips from Fitbux, you'll find practical advice on how to create a balanced approach to your finances. Whether you're looking to save for a major purchase, invest for the future, or simply gain a better understanding of your financial health, this episode will equip you with the knowledge you need to succeed.
In this episode of our economic update, we dive into the major financial news impacting the markets. We start with an in-depth analysis of the latest financial numbers—it's technical, but don't worry, Josh breaks it all down clearly and concisely. In the second half, we shift our focus to the real estate market, discussing how these recent developments affect homeowners, potential buyers, and market watchers alike.
Key Takeaways:
- Understand the implications of the latest economic indicators.
- Learn how these changes can impact your retirement and investment strategies.
- Get expert insights into the current real estate market.
Be sure to build a solid financial plan to navigate these turbulent times. Visit FitBUX to create your personalized plan today.
Tune in now to stay informed and keep your financial future secure!
Uncover a little-known student loan repayment loophole that has the potential to save you thousands of dollars in the long run.
In this informative podcast, we will carefully explore the intricacies of how this loophole operates, ensuring that you grasp the concept fully.
Our step-by-step guide will walk you through the process of leveraging this loophole to significantly decrease your student loan debt, offering you a tangible way to alleviate the financial burden that comes with loan repayment.
This is an opportunity you definitely do not want to overlook if you are looking to save money and make your student loan journey more manageable. Waste no time and hit play to start learning how you can begin saving today!
Don't miss out on this chance to save, especially with recent updates under the Joe Biden administration.
In this episode, we discuss breaking news on President Biden's student loan repayment plan, SAVE, which faced four significant setbacks this week. Join us as we analyze the implications of these developments and what they mean for student loan borrowers moving forward.
Our financial expert reacts to some of the worst 401k advice I've seen on TikTok. As a financial expert, I get DMs daily about questionable financial tips floating around the internet. Today, I'm breaking down a viral TikTok claiming that 401ks aren't worth it. Spoiler alert: some points are valid, but there's a lot of misleading information too.
I'll explain why matching contributions are crucial, the importance of understanding vesting, and debunk myths about market control and tax penalties. Plus, I'll reveal the hidden agenda behind this advice and why it's important to be cautious about where you get your financial tips.
Stay tuned until the end to understand the real motive and why I started FitBUX to combat such misinformation. If you're new here, I'm Joseph Reinke, founder of FitBUX. This channel is dedicated to providing financial education for young professionals aged 20-40. Welcome!
In this episode, Joseph Reinke, CFA demystifies the Public Service Loan Forgiveness (PSLF) program and guides you through the essential steps to qualify. Despite many believing they don’t meet the criteria, most borrowers with Direct Loans are inherently eligible. If your loans are not Direct Loans, we discuss the nuances of loan consolidation and how it impacts your eligibility.
We delve into the intricacies of Income-Driven Repayment (IDR) plans, crucial for PSLF qualification, explaining why PSLF is not a standalone plan but a feature within these programs. Learn the importance of annually recertifying your income to avoid default solutions like forbearance—especially vital if your income changes.
Furthermore, we clarify the employment requirements: working full-time (now defined as 32 hours per week by the government) at a qualifying non-profit or government organization is a must. We'll explain why certain positions, like contractors or those employed by for-profit entities, do not qualify.
Finally, we emphasize the importance of submitting your Employment Certification Form correctly to ensure your progress toward loan forgiveness is tracked accurately.
Don’t miss this episode if you're aiming to navigate the complexities of PSLF or know someone who might benefit. Tune in to empower yourself with the knowledge to take control of your student loans effectively.
Make money easy by becoming a Member of FitBUX today.
In this podcast episode, Joseph Reinke discusses how two FitBUX members use pscyhology to rethink debt and reduce their financial related stress.
In one instance, the FitBUX member has a low interest rate mortgage debt. Although his savings account is earning more interest, he is stressed about having a 300k balance on a mortgage.
In the other instance, the FitBUX member needs to save for the IDR tax bomb but is stressed that their student loan balance isn't going down.
Tune in to see how these FitBUX members used Joe's guidance to reduce their stress.
Join Joseph Reinke, the founder of FitBUX, as he explores the often overlooked concept of human capital and its critical role in achieving financial wellness and freedom. In this engaging podcast episode, Joseph addresses a common concern among young professionals: the daunting reality of debt and negative net worth. However, he brings a fresh perspective by illustrating how human capital—your education, experiences, and skills—constitutes your most valuable asset.
This episode demystifies the concept of human capital, explaining it not just as your potential to earn, but as the embodiment of your knowledge, creativity, and professional attributes that collectively produce economic value. Joseph uses relatable analogies, like comparing an individual's intangible assets to those of a technology company like Facebook, to make the concept more accessible and impactful.
Listeners will discover how understanding and leveraging their human capital can transform their approach to debt, investments, and overall financial planning. The discussion also covers practical strategies for maximizing wealth through both vertical and horizontal growth in human capital, providing actionable insights for listeners to apply immediately to their financial lives.
Perfect for young professionals aged 20 to 40 seeking both tangible and intangible financial freedom, this episode not only enlightens but also empowers its audience to reframe their financial outlook and achieve greater economic success.
Welcome to the latest episode of our podcast, where we delve into the heart of financial wellness and empowerment for the modern young professional. In this special episode, our founder and leading financial expert, Joseph Reinke, takes an in-depth look at the newly announced plans for student debt relief. With a fine-tooth comb, we dissect the proposals, their potential impact, and the reality behind the numbers.
Are these plans a beacon of hope for millions, or a political move with the elections in mind? Joseph doesn't just lay out the facts; he invites you to weigh in with your thoughts on whether these proposals will see the light of day. From discussing who benefits from the cancellation of unpaid interest to the nuances of automatic debt cancellation for certain borrowers, this episode promises clarity in the complex world of student loans and financial freedom.
But that's not all. We're not just talking dollars and cents; we're discussing the tangible and intangible aspects of financial freedom. How do these plans affect your financial wellness, and what does it mean for your journey towards financial independence?
Whether you're on YouTube or tuning in through your favorite podcast platform, make sure to subscribe, hit the notification bell, and leave us a review. Your support helps us grow and reach more individuals striving for financial freedom.
Let's navigate these proposals together, understand their true impact, and equip you with the knowledge to make informed financial decisions. For more insights and resources, visit us at FitBUX. Join us as we pave the way to financial empowerment, one episode at a time.
In this Podcast, Joseph Reinke, CFA, founder of FitBUX, dives deep into the complex world of Income-Driven Repayment (IDR) plans for student loans. Discover the common pitfalls that borrowers face, including miscalculated monthly payments due to both borrower and loan servicer errors, and learn strategic ways to avoid them.
Whether you're married and confused about how your spouse's student loan debt affects your payments, or you're struggling with inaccurate payment calculations from loan servicers, this video is a must-watch. Joseph shares real-life examples where borrowers saved tens of thousands of dollars by identifying and correcting these mistakes.
Key Highlights:
- The Borrower's Mistakes: Learn how married couples can inadvertently increase their monthly payments and how reliance on flawed government calculators can lead to overpayments.
- Loan Servicer Mistakes: Uncover the shocking truth about how loan servicers' errors can drastically inflate your monthly payments and what you can do to protect yourself.
- The Right Financial Plan: Joseph provides invaluable advice on creating a financial plan that accurately accounts for your IDR plan, including how to manage your tax liability and prioritize your financial goals.
By leveraging FitBUX's innovative technology and financial expertise, you can navigate the complexities of IDR plans with confidence. This video is not just about avoiding mistakes; it's about empowering you to take control of your financial future.
Don't let IDR plan errors drain your wallet. Watch now to learn how to secure your financial freedom!
Links:
- Learn more about FitBUX: FitBUX.com
- Understanding Income-Driven Repayment Plans: Discover Here
- Married Filing Taxes Incorrectly? Find Out More
In this episode, we're discussing how a tax refund works and what you should do with it. "I'm so happy my tax refund is a lot this year." Does that sound familiar? While initially pleasing, a large tax refund might not be as beneficial as it seems.
We'll explore why receiving a hefty tax refund indicates you've provided the government with a zero-interest loan and how you can adjust your withholdings for a better financial balance. We'll also guide you through the smartest ways to utilize your tax refund, aligning with both short-term satisfactions and long-term financial goals.
Here's what you'll learn: The Real Cost of Your Tax Refund: Understand why a large refund isn't as advantageous as it appears and how it reflects on your financial planning.
Adjusting Your Withholdings: Steps to correct your tax withholding to ensure more of your money works for you throughout the year, rather than waiting for a refund.
Smart Uses for Your Tax Refund: Whether you're eyeing long-term financial prosperity or aiming for short-term goals, we'll provide strategies to make the most out of your refund.
Remember, the goal is not to judge your financial health by the size of your refund but to understand your effective tax rate and optimize your withholdings accordingly.
By claiming the correct number of dependents and adjusting your deductions, you can take control of your finances and potentially reduce the size of your refund, making your money more accessible throughout the year.
When that refund does arrive, we'll help you prioritize where it can be most impactful for your financial wellbeing. Whether it's paying down debt, saving for a rainy day, or investing in your future, we've got you covered. Join us as we simplify the complex world of taxes and refunds, ensuring you make informed decisions that resonate with your financial narrative. Subscribe now and turn those insights into action.
Join FitBUX to get help.
In this podcast, we dive deep into the news that is shaking up the American real estate market. A landmark antitrust ruling against the National Association of Realtors has led to a historic $418 million settlement that's poised to transform how homes are bought and sold in the U.S. What does this mean for you? Whether you're buying, selling, or just interested in the future of real estate, you'll find valuable insights here. We break down the implications of the settlement, including the end of standard 6% commissions and the move towards competitive and negotiable agent fees. This change is expected to lower the overall cost of buying a home by thousands of dollars, fundamentally altering the dynamics of the housing market. Additionally, we provide our analysis on the future of real estate costs. With agent commissions expected to drop significantly, we discuss how this could make home buying more accessible for many Americans and what it means for the market's overall health. But that's not all – we also delve into the upcoming changes to PAYE (Pay As You Earn) and explore who will be most affected by its phase-out. This is crucial information for anyone dealing with student loans or contemplating higher education financing. Don't miss our comprehensive overview of these pivotal developments. Join us as we explore the future landscape of real estate and what it means for buyers, sellers, and the industry as a whole. --- USEFUL LINKS --- * https://www.fitbux.com * https://www.fitbux.com/money-school/ * https://www.fitbux.com/podcast/ * https://www.fitbux.com/student-loan-refinance/ * https://www.fitbux.com/student-loan-planner/
Joe discusses a FitBUX Couple that were able to convert $100k of a 401k to a Roth IRA thereby generating approximiately $750k in tax-free retirement money. Plus, they can access the 100k anytime they want to without penalty!
Need help? Be sure to join FitBUX.
In this enlightening episode of the FitBUX Podcast, we dive into a critical and timely topic that resonates with many high-income earners and married couples—making the right choice between SAVE and PAYE for student loan repayment. With PAYE on the brink of expiration, our host, Joseph Reinke, CFA and founder of FitBUX, sheds light on the nuances and potential pitfalls of these repayment plans through the lens of a real-life case study.
Learn about a common yet crucial misstep many make—directly contributing to a Roth IRA without considering the strategic benefits of a backdoor Roth IRA, especially in the context of changing marital and financial landscapes. Discover how this oversight, combined with the decision to opt for SAVE over PAYE, can have significant financial repercussions.
Joseph expertly navigates the complexities of student loans, income growth, and tax-optimized investing, offering clarity and actionable insights. This episode not only serves as a cautionary tale but also as a guide to informed decision-making and strategic planning for anyone on the path to financial freedom and PSLF.
Whether you're a recent graduate, a resident, or a seasoned professional, this episode is packed with valuable lessons on navigating student loans, investment strategies, and the importance of making informed financial decisions. Join us on the FitBUX Podcast as we transform financial planning from a journey of individual challenge to one of collective triumph, emphasizing simplicity, trust, and community every step of the way.
In this pivotal episode of the FitBUX Podcast, we dive deep into the recent announcement from the Department of Education, extending the Income-Driven Repayment (IDR) plan recertification deadline to no earlier than late September 2024. Amidst the swirling confusion and concern within our vibrant community of students and new graduates, this episode aims to shed light on the complexities of this extension and its implications on your financial journey.
Join us as we unravel:
- The critical details of the IDR deadline extension and what it means for those who've already recertified, as well as those awaiting to do so.
- Strategic insights on navigating income changes in relation to recertification, ensuring your financial decisions align with your goals for financial freedom.
- The impact of marital status on Roth IRA contributions under IDR plans, and the steps to take if you're navigating this scenario.
With a focus on simplicity, trust, and collective empowerment, this episode is designed to guide you through the unknown, transforming the narrative around personal finance from individual challenge to a shared journey of triumphs.
Discover actionable strategies, expert community guidance, and the importance of mutual support in overcoming financial challenges. Whether you're dealing with the immediate impact of these updates or planning for the future, we're here to navigate together, simplifying the path towards shared financial success.
Tune in to empower your financial journey and become part of a community where every individual's success contributes to our collective strength and resilience. Let's journey together towards a future of financial clarity and freedom.
Listen now to transform your approach to personal finance and join us in celebrating every victory on the path to achieving more together.
In this episode, Joe discusses a FitBUX member who is a student and had $60k in a 401k. He illustrates how this student was able to do a roth conversion ladder and turn that money into tax free money that he can access penalty free if he chooses to post graduation.
In addition, if he leaves it in the Roth IRA until retirement, he'll have $600k in tax free money when he retires!
To get help, be sure to join FitBUX.
In this enlightening episode of the FitBUX Podcast, we're focusing on a topic that could significantly impact your financial future: Roth Conversions. Join our host, a seasoned financial expert with a deep understanding of asset management, as we unravel the complexities and advantages of converting your Traditional IRA into a Roth IRA.
What You'll Discover in This Episode:
- Roth Conversion Essentials: We start with the basics, providing a clear understanding of what Roth Conversions are and how they work.
- Strategic Benefits for Young Professionals: Discover why Roth Conversions are not just for the nearing-retirement crowd but can be a strategic move for young professionals.
- Navigating the Tax Maze: Get expert insights into the tax implications of Roth Conversions and learn how to plan effectively to minimize your tax burden.
- Real-World Examples: Hear compelling stories from individuals who have leveraged Roth Conversions, offering practical perspectives and valuable lessons.
- Expert Guidance: Our host, along with guest financial advisors, delve into strategies and considerations, providing you with the knowledge to make informed decisions about your retirement planning.
Whether you're contemplating a Roth Conversion or simply looking to expand your financial knowledge, this episode of the FitBUX Podcast is an essential listen. Tune in to transform the way you think about and manage your retirement savings.
Today on the FitBUX Podcast, we're tackling the often-overlooked but crucial topic of the IDR Tax Bomb. Join us as we explore the nuances of income-driven repayment plans and their potential tax consequences.
Our financial experts will break down the complexities of student loan forgiveness and its impact on your fiscal health. Plus, we'll share strategic insights on how to effectively save for this eventuality, with a special focus on the benefits of Roth IRAs. Tune in for valuable tips and actionable advice tailored for the 20-40 age group, helping you secure your financial future with confidence.
Need help? Become a member of FitBUX today!
In this enlightening episode of our financial podcast, we delve into the real-life story of Emily, a FitBUX member who faced a common yet complex dilemma many married couples encounter: whether to file taxes separately or jointly when dealing with student loans.
Emily, like many others, found herself at a crossroads, balancing the intricate dynamics of marriage, income disparities, and the burden of student loan debt. Our episode takes a closer look at her decision to file separately, a choice that significantly impacted her student loan repayment strategy.
Join us as we explore the nuances of Emily's situation, including the financial implications of her decision and how it affected her monthly student loan payments and overall tax burden. We'll dissect the pros and cons of filing separately versus jointly, especially for couples with differing income levels and debt responsibilities.
Our host, a seasoned CFA Charterholder with over 20 years of experience in student loans and financial planning, will provide expert insights into Emily's journey. We'll discuss how Emily's decision aligns with broader financial planning principles and what other couples in similar situations can learn from her experience.
Whether you're single, married, or planning for marriage, this episode is packed with valuable lessons on managing student loans effectively within the context of a marital relationship. Don't miss out on these crucial insights that could help you navigate your own financial journey more confidently.
Remember to like, subscribe, and share this podcast for more stories and expert advice on managing your finances and student loans. If Emily's story resonates with you, or if you're seeking personalized financial guidance, visit FitBUX.com to explore how we can assist you in managing over $2.6 billion in assets and debts for young professionals.
Tune in now and empower yourself with the knowledge to make informed financial decisions in your life!
In this episode, we share the journey of a FitBUX member — and a dear friend — who almost fell into the trap of a high-risk adjustable-rate mortgage.
As we dissect his story, we unravel the dangers of going for the seemingly attractive lower rates without fully understanding the long-term implications.
We expose the essential questions most first-time homebuyers fail to ask, and the misconceptions that lead them to believe all financial professionals have their best interests at heart.
We go beyond just sharing cautionary tales, though.
This episode promises to equip you with practical knowledge on mortgage types, terms, and risk mitigation strategies.
By the end of this episode, you'll be well-versed in understanding vital concepts like P&I loans, 5/1 ARM, and 10/1 ARM. But most importantly, you will have learned to ask the right questions and make more informed decisions when it comes to securing a mortgage that fits your financial standing and risk tolerance.
Join us as we unravel the mysteries of the mortgage industry and learn to rise above the sea of misinformation. Tune in now!
In this episode, Joe discusses how travel healthcare workers can take advantage of Roth IRA Conversions to generate tax free funds in the future.
Need Help? Be sure to join Fitbux
Welcome to the FitBUX Podcast, where we decode the complex world of student loans, helping you to leverage loopholes and strategies like the "double debt consolidation" to ease your financial burden.
Join Joseph Reinke, CFA, as he simplifies the daunting process of loan repayment.
In this episode, Joseph discusses the Parent PLUS loans and how both retirees and children repaying them can benefit from the double debt consolidation loophole.
So buckle up as we journey through the maze of student loans, giving you the tools to secure your financial future.
Don't miss out on this opportunity. Tune in and take your first step towards financial relief.
Need financial planning help? Be sure to visit FitBUX.com.
Join us on this episode as we delve into a prevalent financial pitfall - lifestyle creep.
We’ll unravel a real-life case study of a couple who, despite a significant income increase, found themselves living paycheck to paycheck.
This podcast will not just expose the intricacies of this financial trap, but also equip you with actionable advice on how to avoid falling into it.
Learn about setting financial goals, making smart investments, and maintaining a sustainable lifestyle, regardless of income changes.
Tune in for these insights and more, and empower yourself to build a financially secure future.
If you need financial help, be sure to sign up at https://www.fitbux.com
Join us on this insightful episode as we delve into the intricacies of the housing market with experts Josh Mettle of NeoHome Loans and Joseph Reinke, Founder of FitBUX. We dissect the events of 2023, exploring why home prices remained steadfast despite soaring interest rates, and make informed predictions about the housing market's trajectory in the coming year. Understand the implications of Federal intervention in the housing market, and how it has impacted younger and low to middle income individuals.
If you're seeking guidance on your financial plan, don't miss out on FitBUX's revolutionary financial planning technology. Sign up today at fitbux.com.
In this week's episode of FitBUX podcast, host Joseph Reinke, dives deep into the complex world of student loan repayment plans, discussing common errors and effective strategies for dealing with loan services. He underscores the importance of using a reliable calculator to estimate payments and highlights the current "on-ramp" scenario introduced by the Biden Administration. Additionally, Joseph shares insights on the housing market and provides an update on the stock market, emphasizing the power of dollar cost averaging in your retirement accounts. Listen in to understand the subtle interplay between risk and reward in your investments, and how FitBUX's technology and strategists can help balance your risk appetite.
Resources:
- Student Loan Calculator: FitBUX
- Verify your Loan Details: StudentAid.gov
- File a Complaint or Dispute: Feedback and Complaint system, FSA Ombudsman Group
- Verify your Loan Details: StudentAid.gov
Welcome to another edition of FitBUX's Weekly Financial Update, your trusted source of noteworthy financial news tailored specifically for the 20 to 40-year-old demographic.
As always, we're here to provide you with the most recent and relevant information on student loan updates, developments in the real estate market including mortgage rates and home affordability, and fluctuations in the stock market.
Here's the latest financial news that you need to know to make informed decisions and optimize your financial health. Let's dive right in!
--- USEFUL LINKS ---
- https://www.fitbux.com
- https://www.fitbux.com/articles/mortgage-points-explained/
- IDR Application video: https://www.youtube.com/watch?v=absBY-BkYPk&t
- https://www.fitbux.com/podcast/
- https://www.fitbux.com/student-loan-planner/
Are you worried about getting ripped off by financial planners or investment advisors? In this podcast, I'm going to discuss how investment advisors can cost you a lot of money with an actual example from someone using FitBUX's technology and service.
Learn the basics of how financial advisors get paid, as well as two primary ways they make money. Discover why it pays to understand your other options when it comes to investing - DIY or using a company that uses technology to lower fees. Get all the information you need here!
https://www.fitbux.com
https://www.fitbux.com/hybrid-robo-advisor/
Welcome to "IDR Uncovered," where we delve deep into the perplexing world of Income-Driven Repayment (IDR) plans for student loans. This podcast is designed to enlighten, inform and guide you through the intricacies and potential pitfalls associated with IDR.
We'll confront the widespread confusion surrounding IDR, clarifying the differences between Student loan forgiveness programs, such as SAVE vs PAYE, addressing common queries like 'who should choose SAVE?' or 'do I need to recertify my income?'. Our mission is to untangle the complexities and clear up any confusion you may have.
Throughout this episode, we'll cover diverse topics like the role and recommendations of loan servicers, the mechanics of how IDR works, and how it affects different professions. For instance, did you know that a traveler's monthly payment is based on salary, not on stipend?
We'll provide insights on comparing costs, the pros and cons of using SAVE to pay off student loans, and the essentials of certifying your income. Plus, we'll guide you through the IDR application process on studentaid.gov, offering expert tips for scenarios such as reporting a drop in income.
So, whether you're a student, graduate, or professional grappling with loan repayment decisions, "IDR Uncovered" will be your go-to guide, providing you with comprehensive, understandable, and actionable information. Tune in to navigate the maze of IDR with confidence and make informed decisions about your financial future.
This week we talk about the new student loan repayment plan SAVE going into effect as well as the new PSLF update taking place in California and Texas.
For home buying and investments we discuss affordability of housing and if its going to get better any time soon.
Need help with your financial plan? Get help at https://www.fitbux.com
Are you trying to decide between term life insurance and whole life insurance? Confused about the differences, advantages, and disadvantages of each type of policy?
There's a significant difference between the two and why you would use each one.
Listen to this podcast for an in-depth look at both policies so you can make an informed decision.
Get all the information you need with FitBUX's financial planning technology - start today!
If you enjoyed this video make sure to like, subscribe, comment and share with your friends! Get more FitBUX content from the links below.
- https://www.fitbux.com
- https://www.fitbux.com/podcast/
- https://www.fitbux.com/student-loan-planner/
--- S O C I A L S ---
- Facebook: @FitBUXFinanceGroup
- Instagram: instagram.com/fitbuxofficial
- LinkedIn: https://www.linkedin.com/company/fitbux
In this podcast, we discuss the new SAVE student loan repayment plan which has been designed to reduce student loan payments in the near term.
We will talk about how it works, what features are staying the same and also when it will become available.
We'll also look at some of the situations where SAVE can make sense and share tips for applying for it and avoiding any tax surprises!
Tune in now to learn more about saving on a valuable education plan with SAVE!
Want student loan help?
Become a member of FitBUX today!
Are you a first-time home buyer?
Do you need help understanding the complex world of mortgages, loan-to-value ratios and calculating how much mortgage you can afford?
Listen to our podcast and get all your questions answered!
We'll cover essential topics like debt-to-income ratio, different interest rate types, paying points on your mortgage and more.
Plus, we've got helpful resources like FitBUX technology to help customize these decisions based on your individual situation. So let's get started and find you the perfect place to call home!
--- USEFUL LINKS ---
https://www.fitbux.com
https://www.fitbux.com/articles/first-time-home-buyers-guide/
https://www.fitbux.com/articles/home-affordability-calculator/
https://www.fitbux.com/articles/how-much-house-afford/
https://www.fitbux.com/articles/rent-buy-house/
https://www.fitbux.com/podcast/
https://www.fitbux.com/student-loan-planner/
https://www.fitbux.com/articles/mortgage-points-explained/
https://www.fitbux.com/articles/professional-mortgage-loan/
https://www.fitbux.com/articles/movement-mortgage-review/
https://www.fitbux.com/articles/neo-home-loans-review/
- --- S O C I A L S --- * Facebook: @FitBUXFinanceGroup * Instagram: instagram.com/fitbuxofficial * LinkedIn: https://www.linkedin.com/company/fitbux
Are you looking to maximize your retirement savings and secure your financial future?
Then a Super Roth IRA could be the perfect option for you! In this podcast, we discuss what a Super Roth IRA is, how it works, who should consider investing in one, and the risks associated with investing in this type of account.
Tune in to learn more about how over-funding life insurance can provide an excellent opportunity for tax-deferred growth while still providing adequate protection for loved ones.
Links:
https://www.fitbux.com
In this episode of the podcast, Joe will discuss a recent New York Times article examining the economic impact of student loans restarting.
He'll look at examples from the article to explain how individuals can avoid making costly mistakes and then add his thoughts on what kind of economic repercussions we could see when repayment starts again. Tune in for an insightful discussion about the future of our economy!
Get student loan help: https://www.fitbux.com/student-loan-planner
Get Planning Help: Https://www.fitbux.com
Are you interested in learning more about student loan debt and the different political views on how to address it?
Join us for this podcast as we discuss GOP and Democrat approaches to student loan reform.
We'll dive into the five bills proposed by Republicans that focus on providing students with more information before they attend college, cutting down payment options, placing caps on loans, and requiring a higher expected salary after graduation.
We'll also look at the Democratic proposal of free public university tuition. Don't miss out!
Student Loan Help: https://www.fitbux.com/student-loan-planner/
Financial planning tech and coaches: https://www.fitbux.com
Are you confused by the differences between checking accounts, savings accounts, money market accounts and certificates of deposit (CDs)?
In this podcast I will explain each type of account in detail so that you can make an informed decision about which one is best for your financial goals. Plus, I'll provide some tips to help you get the most out of your account.
So if you want to learn more about these different types of banking products, tune into this episode!
--- USEFUL LINKS ---
- https://www.fitbux.com
https://www.fitbux.com/podcast/ *
https://www.fitbux.com/student-loan-planner/
--- S O C I A L S ---
-
Facebook: @FitBUXFinanceGroup
-
Instagram: instagram.com/fitbuxofficial
-
LinkedIn: https://www.linkedin.com/company/fitbux
Learn about Kenton Allen's incredible journey from a medical doctor to the co-founder of Doc2Doc, an online lending platform specifically designed for medical professionals.
In this video, Kenton shares his story and the issues he faced during and after residency.
He also explains why it is important for MDs and dentists to understand loans when it comes to their profession.
Learn more about the loan products offered by Doc2Doc that help buying into a practice, as well as some closing lessons!
Hear how his journey began from being an MD to now running a successful business. We discuss the various challenges he faced while transitioning out of his residency program and why it’s so important for MDs & dentists to understand loans when it comes to their profession.
Plus get insights on loan products available through Doc2Doc that help those looking buy into a practice – don’t miss out!
Check out Doc2Doc at https://www.doc2doclending.com
Want more info about FitBUX visit https://www.fitbux.com
Are you looking for the best way to buy long term disability insurance?
This video will show you how to get the most out of your policy and ensure financial security.
First, determine the elimination period that matches up with your emergency fund.
Then, look at the benefit period and consider an up-to-retirement age policy to provide maximum protection.
Finally, combine coverage types by buying both own occupation and any occupation policies.
Doing so can provide adequate coverage at a lower premium than if you bought a single policy.
With these tips, you'll be able to find an affordable long term disability insurance policy that meets your needs!
--- USEFUL LINKS---
- https://www.fitbux.com
- https://www.fitbux.com/podcast/
--- S O C I A L S ---
- Instagram: instagram.com/fitbuxofficial
- LinkedIn: https://www.linkedin.com/company/fitbux
- Facebook: @FitBUXFinanceGroup
The FitBUX podcast hosted by Joseph Reinke is all about helping listeners understand their financial situation and how to make the best decisions for their future.
In this episode, Joseph talks to a couple in their mid-twenties who have recently graduated from college and are trying to navigate the financial landscape. Both of them are working in health care as physical therapists, making an annual salary of 76k a year.
The woman owes 208k in student loans and is eligible for Public Service Loan Forgiveness (PSLF), while the man owes 198k in student loans. They also have 37k in auto debt with payments of $780 per month.
Joseph helps them create a plan for their future by focusing on building an emergency fund, maximizing retirement savings, paying off debt strategically, and looking into home buying opportunities.
He suggests they look into filing jointly or separately--filing separately will save them $4,800 per year on student loans and they can reclassify their tax return in two years and get back another $200 per year. When they have kids this number will increase even more.
Joseph encourages the couple to consider investing conservatively then increase risk so in five years and they would have up to 75% of their investments in the stock market.
With his advice and guidance, Joseph predicts that when it comes time for retirement this couple could be sitting on $8 million! However, if they pay off their student loans rather than going through income-driven repayment (IDR) plan then that number decreases by about $660K worth of assets (roughly $7M)--which is still an impressive amount!
Financial planning can be intimidating but this episode shows how empowering it can be when you take the right steps towards creating a secure financial future for yourself and your family. Tune into this episode of FitBUX podcast for helpful tips from Joseph Reinke!
Reach your financial goals faster with FitBUX's financial planning technology and IDR optimization service! Our cutting edge technology allows you to customize a plan tailored to your individual needs. We provide expert guidance and analysis of your current situation, helping you understand how it impacts your future. Our IDR optimization service can help you maximize savings by automatically adjusting payments for maximum efficiency. Plus, when you sign up, we'll give you access to our library of helpful tools and resources that will assist in making the most informed decisions possible. Start taking control of your finances today with FitBUX’s financial planning technology and IDR optimization service!
Today's show will focus on the FIRE movement and the recent event that has brought it into the spotlight. We'll be discussing why financial freedom doesn't have to come with a dollar amount, why you need to simulate your plan and keep tracking it, and how a financial professional shed new light to this idea.
We'll start by exploring what the FIRE movement is all about. This acronym stands for Financial Independence/Retire Early, and it's a popular approach used by people looking to achieve financial freedom. It involves cutting back on expenses and investing wisely in order to build wealth over time in order to reach the goal of becoming financially independent and retiring early.
Then, we'll dive into the story of Financial Samurai, a well-known website among those in the FIRE community. He is a finance professional with experience in this area and has his own blog where he shares advice related to achieving financial freedom.
Next up, we will discuss why this particular example serves as an important lesson for anyone interested in achieving financial freedom. We'll explore how having $1 million does not necessarily equate to being financially free, how budgeting down every nickel isn't necessarily freedom either, and why having a bad attitude towards money isn't ideal either. We'll also talk about how most people wouldn't do something like go after full FIRE due to its high level of commitment-- but still use it as an example of what can be achieved if you are willing to put in the work.
We'll then get into more details about Financial Samurai's actual situation at hand-- he was in his 30s when he retired from his 9-5 job, had real estate generating income for him, had a blog generating income, was living in an expensive area with two kids going off to college-- only to realize that three million dollars worth of assets weren't enough for him! That leads us into our next point as we discuss why simulations are important when trying to figure out where you're at financially and why you can't just "set it and forget it" when it comes managing your finances.
Finally, we will conclude by highlighting how financial freedom is really about how you think about money instead of any arbitrary dollar amount-- something that Financial Samurai realized himself after coming back from retirement-- as well as discussing FitBUX as an easy way for anyone else interested in simulating their own plans and monitoring them closely over time so they don't end up in the same situation!
Today we are discussing how to manage your money wisely, and the risks associated with investing. We are focused on a specific case study of a recent graduate who has some cash in their 401k, Roth IRA and taxable investment account.
The first thing that stands out is that this individual does not have an emergency fund yet. This is quite concerning as an emergency fund is vitally important for any financial plan, especially when starting out in life. Without an emergency fund, our new graduate is left vulnerable to unexpected costs that could potentially derail their entire financial plan.
Another issue here is the risk taking behavior of our graduate. He invested in Tesla stock, which is much riskier than typical investments such as bonds and mutual funds. While it's possible that investing in Tesla can be very lucrative, the probability of attaining these large returns within one to three years is quite low. It would be much wiser to use this money towards building up an emergency fund or expanding their retirement savings instead.
Finally, once their emergency fund and retirement has some more funding, he can look at investing in Tesla again or other stocks they find interesting. It's important to make sure you understand the risks associated with individual stocks before you invest in them - no matter how exciting they may seem!
At FitBUX we want our listeners to make smart decisions about managing their money and taking appropriate risks so they can reach their financial goals. We invite you to join us for more great content on investing and personal finance!
This podcast episode is all about developing a financial plan based on the specific circumstances of a couple.
To illustrate this, we use a real life example of a physical therapist and his fiancé, who are both recent graduates and will be getting married this year. They have saved over 100k between their cash accounts, taxable investments and retirement. They have also paid down their student loans and auto loans to a nominal amount.
This couple plans to move to another stated to work for a few years, before moving back home to buy a duplex. Six months after moving home, they hope to have saved enough to buy a second duplex. The goal is that by 2025 they will have their first child.
Their current combined salary is 137K and will increase to 220K when they move to the other state. Once returning to their home state, she plans on reducing her hours, and reduce them again once they have a child.
We helped them run some scenarios using our financial planning tool to help assess the couple's situation further and to help them plan further. Idealistically, they should reach their goals in under 10 years and predicted that by 2046 - 23 years from now - they would be completely debt free!
Finally we ran another "what if" scenario for them. Listen in to see how our technology can plan for those unplanned scenarios.
If you want similar help as this couple be sure to become a member by joining us at https://www.fitbux.com
In this podcast, we discuss how universities are falling behind on student debt and AI/Tech advancements, resulting in a decrease of value for university education. We use this as an example of why it's important to keep learning so you don't become obsolete and avoid financial ruin. Tune in now!
If you need help developing your financial plan and implementing, be sure to check out our new technology at FitBUX.
Welcome to the weekly financial update podcast! This week we discuss student loans, mortgages, and stocks.
This podcast episode covers the latest news on student loans and how to get them forgiven. We discuss the new digital signature feature for PSLF recertification, as well as a recent Supreme Court ruling that could allow borrowers to have their loans forgiven if they can prove fraud by their school. Additionally, we explore the fact that while less than one in 10 undergraduates default on their loan payments, only six in 10 actually complete their degree within six years of starting school.
In addition, this week's financial update podcast covers mortgages, with a focus on the new 40-year mortgage approved by FHA. We discuss how 71% of people wouldn't accept a mortgage below 5.5%, and how Fannie Mae now allows real estate agents to use part of their commission for down payments on houses for clients. Finally, we look at how housing is so unaffordable that banks lost money for each mortgage they financed in 2022 according to a report. Tune in to learn more about mortgages!
If you need help with your financial planning, be sure to check out our new financial planning technology at FitBUX.
In this episode, I highlight 2 examples of financial misinformation on the internet. The purpose of highlighting it is to illustrate how the advice seems good but people that follow it put themselves in a horrible situation.
I then go describe how to overcome this misinformation so you can achieve financial freedom.
If you need help with your money, be sure to become a premium member of FitBUX.
Even if you're not a SLP, this episode is still for you!
There's a little bit about business, a little about mindset, and a lot about pivoting when you see a need for change regardless of which profession you're in.
Theresa is a medical speech-language pathologist and Board Certified Specialist in Swallowing and Swallowing Disorders. She previously owned a mobile FEES company that serviced over 100 skilled nursing facilities across 4 states.
Joe and Theresa discuss how Theresa chose SLP as a career, and how she started in the school system, and then transitioning to swallow evaluations. Then pivoting to starting two businesses doing FEES, and eventually selling her business and pivoting again.
Now, Theresa has a thriving blog, podcast, and additional businesses including a non-profit!
Listen in to see how Theresa's story can ignite you to pivot if you so choose!
If you'd like to watch this interview on our FitBUXYouTube channel: click here.
- Useful Links -
https://theresarichard.com/
The Swallow Your Pride Podcast: https://podcast.theresarichard.com/
Theresa's Instagram: @theresarichardslp; @MedSLP_Collective & @medslped
Theresa's Facebook: https://www.facebook.com/theresa.richard.503
This is part two of our What is money podcast. In part 1 we described what the saying "money is a reflection of past event" means in regards to your income and how you can use this knowledge to your advantage.
In this episode, we talk about using this knowledge to develop tangible financial freedom.
For What is Money? Part 1, click here: https://www.fitbux.com/podcast/what-is-money-part-1/
Financial freedom consists of two parts: Intangible and tangible financial freedom.
Intangible financial freedom is how we mentally think about money.
In this episode, Joe discusses his definition of what money is and how to use this knowledge to improve your tangible financial position.
The concept he shares is this: Money is a reflection of past events. See how this applies to your current income in this episode.
If you want more information on financial freedom, be sure to check out our financial freedom webinar.
If you want financial help and are between the ages of 20 - 40 years old, be sure to check out FitBUX.com
For What is Money? Part 2, click here: https://www.fitbux.com/podcast/what-is-money-part-2/
This is a quick update on the student loan pause lawsuit from SoFi and info on how the SVB closure is going to rattle the markets.
This episode is a story about how to make good financial decisions. In this particular story, it's about a girl in healthcare who made a good home buying decision.
She has paid off over 6 figures in student loan debt in 7 years, and now her financial focus is shifted towards buying a house. Here comes the dilemna.
They wanted to buy a house, but they wanted to move back to their hometown in 5 years. They didn't want to rent anymore. Makes complete financial sense; However, the problem is ...
Listen to Joe explain what the problem is, and how they came up with the idea that works for them.
This episode details how much you need in an emergency fund and how to invest those funds.
I discuss each of the following:
- What is an emergency fund?
- What expenses to include.
- Two of the biggest factors in determing how much to have
- How to invest your emergency fund
- Using a Roth IRA as an emergency fund
- Reducing your emergency fund to pay off debt faster
If you'd like to read more you can use this link: https://www.fitbux.com/articles/how-much-emergency-fund/
Resources Mentioned In The Podcast:
Emergency Fund AI: https://www.fitbux.com
There is a bit of confusion on how student loan interest works.
In this video I break down how student loan interest works while you are in school, during your grace period, and once you are in repayment.
I also discuss how student loan interest works on subsidized loans as well as for tax deductions.
If you enjoyed this video make sure to like, subscribe, comment and share with your friends! Get more FitBUX content from the links below.
Resources Mentioned In The Video
- https://www.youtube.com/watch?v=Rwb8kau0CzQ
- https://www.youtube.com/watch?v=f4CJi1R9-Xw
- https://www.fitbux.com/articles/income-based-repayment/
- https://www.fitbux.com/articles/dave-ramsey-student-loan-repayment/
--- USEFUL LINKS ---
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https://www.fitbux.com
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https://www.fitbux.com/podcast/
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https://www.fitbux.com/student-loan-planner/
--- S O C I A L S ---
- Facebook: @FitBUXFinanceGroup
- Instagram: instagram.com/fitbuxofficial
- LinkedIn: https://www.linkedin.com/company/fitbux
President Biden announced a new student loan repayment plan at the end of January. Well, actually its not new.
His plan is to revised the REPAYE program.
Although people have been cheering it because how low it drops your monthly payments, it is extremely bad news in regards to the big picture.
This podcast details why and what you need to do so you can be prepared.
If you want more details on the new REPAYE program that has been proposed you can check out this episode of the podcast.
Also, as I mentioned in the podcast, if you want to take advantage of our special right now, be sure to register to become a Member of FitBUX.
If you are already a Member, you can log in and sign up from the dashboard.
Each week we provide a financial update on items that are relative to young professionals. The three topics we highlight are student loans, investments, and real estate.
This week, the major announcements centered around student loans. Primarily, they discuss when loan repayment may be starting and highlight the need to start planning now.
Links referenced in this podcast: Real estate valuation update: https://open.spotify.com/episode/0uwgYdB4SrJsL4xwgKK50O
Affordable financial planning help: https://www.fitbux.com
One of the leading causes of break-ups and divorces is money. I can't tell you how many calls I've been on were couples argue about it. So in this podcast, I'm going to share with you some tips on how to manage money as a couple.
One key takeaway I want you to remember: When you manage your money together wisely it will be easier to have money complement your life instead of dictate it.
If you'd prefer reading about these tips, click here.
We've been asked by many young professionals if they should be buying a house right now or waiting. Everybody should buy when they feel ready.
However, home affordability is at a 40 year low! Therefore, I decided to dig into my old valuation bag to predict how much I think housing prices are going to drop.
In September, I did a valuation and today I'm updating it based on current market conditions.
As a forshadowing, things are starting to look more affordable out there.
This was a back of the napkin type of valuation but will give us a good feel of what we can expect.
Be sure to subscribe to the podcast and check out FitBUX.com to help on you journey towards financial freedom.
Joe Biden has announced his new student loan repayment plan.
Its' actually not new. Its a revision to revised pay as you earn (REPAYE).
If this goes into law which it has a good chance of doing, it has massive implications.
If you borrowed student loans between 2007 and 2014 you'll want to listen because you have to make a massive choice and have to make it soon.
If you are going to pay off your Federal student loans you're going to want to listen because this can save your $10,000s.
If you are thinking of going on an income-driven repayment plan you'll want to listen because you're going to save thousands.
We will be updating our calculators to help you make the choice on what to do.
Therefore, if this stuff is confusing don't worry.
Become a FitBUX Member, schedule a call with a FitBUX Coach, and we'll help you make the decision.
Helpful links:
FitBUX: https://www.fitbux.com
Financial Freedom Webinar: https://www.fitbux.com/financial-freedom-webinar/
There is a lot of confusion about investments. Specifically, I hear from many people who are confused about Roth IRAs. Therefore, in this video I explain Roth IRA for beginners.
In the video I describe:
- What A Roth IRA is - Reasons why you should contribute to a Roth IRA - Rapid fire questions that we are asked by many beginners such as how to open a Roth IRA, Roth IRA contribution limits, and how much you should contribute.
--- USEFUL LINKS --- *
https://www.fitbux.com
https://www.fitbux.com/hybrid-robo-advisor/
https://www.fitbux.com/podcast/
Here is the latest about student loans and what to expect in 2023.
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What will happen with student loan forgiveness?
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When will repayment start?
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Should I switch plans?
In this quick podcast episode, we explain the benefits of a pre-tax investment and the post-tax investment. Which type of investment to choose will (as with anything in healthcare, and as you're starting to realize in finance) DEPEND on your goals and situation.
Many people make the mistake of recommending one extreme or the other. They either recommend focusing on pre-tax retirement accounts or focusing on Roth IRAs.
Its amazing how many "financial professionals" get this wrong. The correct answer is "it depends" on your situation as well as a focus on retirement income diversification.
This podcast goes deeper into how you should be making this decision.
Michelle, like many of us, was a victim of high priced college education relative to income post-graduation and zero financial education growing up.
She loved helping people so she became an OT.
She was burnt out because of her money situation.
Hear how she overcame a poor money situation, paid off 140k in student loans, and is now on her way to achieving financial freedom.
Home affordability is at an all-time low.
Home supply is still low.
Interest rates and inflation... oh my!
This is FitBUX's quarterly home ownership update with Josh Mettle from Neo Home Loans.
We discuss everything from inflation, our 2023 housing market outlook, explain why mortgage rates went down last week, etc...
This is a story about how Amy learned to FOCUS on what mattered to her financially.
Amy was always a good student, with a 4.0 GPA and an AP scholar. She did great in undergrad and pursued a doctorate in the medical field.
Besides her career, she really loved DIY home projects, and was super excited to finally graduate and start working so she could buy a house. However, she was terrified because she had absolutely no clue what to do with money. She had over $250K in student loan debt, a car loan of $500/month, and only making a $78K salary. She was advised by well meaning people to do XYZ and ABC. But she couldn't qualify for a mortgage.
Finally a colleague told her about FitBUX. Amy built a profile and developed her plan. But the plan wasn't want she wanted. She was conflicted, and finally decided to schedule a call with her FitBUX Coach. She finally learned... FOCUS is the key.
Listen in to see what it means to FOCUS.
Home prices are at all time highs. Mortgage rates are climbing. To make things even more challenging, many young professionals are trying to buy a house with student loan debt.
Buying mortgage points may be your secret weapon to reducing the cost of your mortgage and saving a ton of money.
We all wish we could snap our fingers and be out of debt. Unfortunately, that can’t happen for most of us.
Therefore, we search on Google ways to pay off student loans fast. Instead of getting good recommendations we instead get results like ‘become a dog walker.’
These articles aren’t bad but center more on ways to increase income. They should really be titled how to creatively pay off student loans.
This podcast is different than the others. I detail nine real ways to pay off your student loans fast.
I will also debunk two myths that many websites tell you to do which are garbage recommendations and cost you a lot of money!
The good news is we can develop a good plan. With a good plan and the tips in this podcast, you’ll be seeing the light at the end of the tunnel.
For more details click: https://www.fitbux.com/articles/pay-off-student-loans-fast/
Student loan forgiveness update, its dead... for now. The Biden Administration also released new regulations for student loans.
The stock market and the economy still suck. Find out what new news was to released that back this up...
When you start understanding finance and getting creative with it, you can generate wealth. Here is a story about someone who started out as a PTA, and became a real estate investor.
Nic King, graduated from college, and was accepted into PTA school 3 days before classes start. He started out in outpatient orthopedics. When he received his first paycheck, he was shocked in how little ended up in his bank account. It was a huge learning experience about taxes. Then in 2021, he's transferred into a director of clinical education.
Prior to academics, he was able to purchase multiple properties in a short amount of time, and now has passive income.
In this podcast, Joe will go over the key items you need to know about robo advisors and which ones to use and which ones to avoid.
If you'd like more details, click here.
The Biden administration announced a handful of new rules pertaining to student loans. This update focuses on those updates and what they mean to you.
We've been asked by many young professionals if they should be buying a house right now or waiting. Everybody should buy when they feel ready.
However, home affordability is at a 40 year low! Therefore, I decided to dig into my old valuation bag to predict how much I think housing prices are going to drop.
This was a back of the napkin type of valuation but will give us a good feel of what we can expect.
Be sure to subscribe to the podcast and check out FitBUX.com to help on you journey towards financial freedom.
We've been asked by many young professionals if they should be buying a house right now or waiting. Everybody should buy when they feel ready.
However, home affordability is at a 40 year low! Therefore, I decided to dig into my old valuation bag to predict how much I think housing prices are going to drop.
This was a back of the napkin type of valuation but will give us a good feel of what we can expect.
Be sure to subscribe to the podcast and check out FitBUX.com to help on you journey towards financial freedom.
Check out our weekly financial update centered around student loans, home ownership and investing.
The update comes out every Friday so be sure to subscribe. If you need help getting to financial freedom, be sure to become a FitBUX Member at https://www.fitbux.com.
Check out our weekly financial update centered around student loans, home ownership and investing.
The update comes out every Friday so be sure to subscribe. If you need help getting to financial freedom, be sure to become a FitBUX Member at https://www.fitbux.com.
Each quarter Josh Mettle of Neo Home Loans joins FitBUX to discuss the real estate market. On this update, Joe and Josh discuss current interest rates, adjustable rate mortgages, strategies, and various markets.
Be sure to check out FitBUX's new home ownership technology as well as Neo Home Loans.
Each quarter Josh Mettle of Neo Home Loans joins FitBUX to discuss the real estate market. On this update, Joe and Josh discuss current interest rates, adjustable rate mortgages, strategies, and various markets.
Be sure to check out FitBUX's new home ownership technology as well as Neo Home Loans.
You're going to see a lot of different things on the internet. And it's sometimes very challenging to distinguish what's real and what's been glorified.
Here's an example of a click bait headline - "Only 32 student loan borrowers have ever qualified for full debt forgiveness under income drive repayment." It is misleading. Listen in to understand why Joe is discussing this.
You're going to see a lot of different things on the internet. And it's sometimes very challenging to distinguish what's real and what's been glorified.
Here's an example of a click bait headline - "Only 32 student loan borrowers have ever qualified for full debt forgiveness under income drive repayment." It is misleading. Listen in to understand why Joe is discussing this.
Should you be using an adjustable rate mortgage to buy a house? Joe discusses ARMs in the podcast.
Specifically, he discusses:
- What an adjustable rate mortgage is
- Key terms to know
- Types of ARMs
- When to use one and when not to
- One big mistake to avoid
- Why interest rates on ARMs are lower than fixed rate mortgages
Should you be using an adjustable rate mortgage to buy a house? Joe discusses ARMs in the podcast.
Specifically, he discusses:
- What an adjustable rate mortgage is
- Key terms to know
- Types of ARMs
- When to use one and when not to
- One big mistake to avoid
- Why interest rates on ARMs are lower than fixed rate mortgages
This weekly financial update centers around financial topics that are relevant to Young professionals (age 20 - 40). We mainly discuss student loans, investments, and home buying.
This weekly financial update centers around financial topics that are relevant to Young professionals (age 20 - 40). We mainly discuss student loans, investments, and home buying.
You have questions about the latest student loan program changes, we're going to try to provide those answers here in this Podcast.
- Details on the 10K,
- Changes in the income driven repayment plans
- what we know and what we don't know
- etc
What do you do with all your extra time that you created after doing the "40 days and 40 nights"? This is another Mindset episode. If you haven't heard the first 3 mindset episodes listen here, here and here (or the links below).
If you applied the "40 days and 40 nights" theory, then you likely have more extra time on your hands, in addition to extra cash flow. However, how do you use that extra time productively? This episode will discuss how to decide what to do with all that extra free time.
Prior Mindset podcasts:
Mindset Tip: Splitting Up Your Day Money Mindset Tip #2: Building Financial Discipline Financial Mindset tip: Savings vs Consumption
Finances for couples... Communicate about your long-term or overall financial goals just like you would discuss life goals. You need to be on the same page. How do you do that? Listen in to see how.
Don't do it quite the way Joe describes it with his then girlfriend, now wife, but that's the general idea.
Finances for couples... Communicate about your long-term or overall financial goals just like you would discuss life goals. You need to be on the same page. How do you do that? Listen in to see how.
Don't do it quite the way Joe describes it with his then girlfriend, now wife, but that's the general idea.
Refinancing is replacing one loan with another loan.
Should you refinance those student loans? It's going to cost you lots if you refinance when you shouldn't, or if you don't refinance when you should.
Joe breaks it down for you on how to decide when to refinance.
Other articles of interest:
Refinancing Student Loans: The Ultimate Guide By FitBUX
9 Best Student Loan Refinance Companies https://www.fitbux.com/articles/student-loans/
Our education system teaches us to memorize and regurgitate what you learn. This harms up financially because who we go to for financial help are doing the same thing - memorize and regurgitate. And that is the status quo. Unfortunately the status quo in this country is to be behind financially.
In this podcast, Joe gives a number of financial examples of how this happens and how to avoid being behind.
“Well, I know that people are taught to diversify. But diversification is just something that brokers came up with, so they don’t get sued. If you want to get rich… you have to concentrate and focus.” – Jim Rogers
I agree 100% with Jim, but when it comes to money management, most consumers don’t understand what Jim is referring to so I want to take a minute in this article to clarify a few things:
- Why most people say they are “diversifying” but in reality don’t have the ability to do so and have “all their eggs” in one basket; and
- The difference between investing and money management.
Retirement and Social Security is going to affect all of us. We'll review how Social Security works and how it was intended to be a complement to your retirement. We'll also review how and why we feel it's flawed.
The inefficiencies of financial services will cost you in the long run.
The "old" way is to go to a bunch of different financial people because they only have knowledge about their specific areas. Nobody puts it all together for you into the bigger pictures. Plus they will push products that you may or may not need because they get paid on those products.
In short, traditional financial services create more chaos than good. In this podcast, Joe provides you with a number of examples on how the wrong student loan choice, investment choice, mortgages, etc... can cost you hundreds of thousands of dollars.
In addition, he discusses how to avoid these inefficiences and if you do, you can be like the example Joe gives whereby the FitBUX member now has the opportunity to have 4x the amount of money by the time they hit retirement!
In this podcast, we discuss how the Federal Reserve's policies in the past hurt young professionals today. Specifically, how their actions have caused inflation and why you should care what they are doing. In addition, we discuss what the Federal Reservce was set up to do vs what it does today.
Bottom line, the Federal Reserve isn't going anywhere. You have to know how they affect you on a daily basis.
Join us with Josh Mettle, a real estate expert, who answers the question: is now the right time to buy? We don't usually allow others to present finance topics like this, so you know if Josh is doing this, he's legit and has been heavily vetted by our CEO.
This was originally a live event on our Facebook FitBUX Finance group, so if you'd like to be the first to access these future live events, and stay up to date with info like this... Join us on Facebook at FitBUX Finance Group.
With inflation and mortgage rates on the rise, an economic contraction is on its ways if not already here. Typically, during economic contractions, home prices fall. How much they fall depends on a number of factors with the biggest being location.
However, this housing market features something we've never seen before. Huge asset managers are buying homes with cash.
In this podcast, we deep dive into what this means for the future of the housing market.
Welcome to our Interview with another FitBUX member, Tim Rivotto, PT, since 2017. He graduated from MGH Institute of Health Professions.
Another student loan pause extension was just announced. What does this mean for you in the long run? Joe goes into answering this and the following questions. Who does the repayment pause benefit the most?
How does this affect inflation?
When will student loan repayments start up again?
Joseph Reinke, CFA interviews Claire Gubernator, PT who paid off her school loans in 4-5 years. Claire discusses... - Why she chose to become a PT. - Her application process and why she chose the school she chose.
- How much debt she left PT school with and how it affected her financial goals.
We all need a place to start. After helping more than 10,000 young professionals, FitBUX wants to share with you what we learned in regards to financial planning for beginners.
Here are the 5 steps to follow.
In this new one, Joe is going to review why he feels most younger invididuals are too aggressively invested in their investments. He’s going to review the general advice based on academia on which investment advisors base their advice and why that is flawed. You end up taking more risk than you probably should, or too little risk.
He uses an example of your 401K to illustrate this.
For a real-life example of how this affects someone check out our “Conor” example.
This is a follow-up to another one of our podcasts in the past, “Most People Are Too Aggressively Investing”.
The "living for today" mindset is holding you back.
The "working 40 hours a week" mindset is holding you back.
Joseph explains what he means by this in this podcast episode.
In this short episode, Joe reviews how he splits up his day to incorporate work, learning and sleep. This is how he built up FitBUX from an idea in the car to where it is now.
Will repaid $80K in student loans in less than 1 year! Listen in to see what kind of mindset he had, how he did it and how he manage his work-life balance while doing it.
In this podcast, Joseph explains why he thinks most people are too aggressively invested in the stock market.
The focus is on how traditional financial planner is looking at the formula, Income - Expenses = Remaining Cash.
Physical Therapist, Yonas Tekeste, PT, DPT, CSCS, discusses how he learned about finance and how he went from a negative 6 figure net worth to a positive net worth in 2 years.
Per the show notes, here are the links discussed:
Rate My Therapy Company Facebook Group: https://www.facebook.com/groups/333036407912600
Rate My Therapy Company Website: https://ratemytherapycompany.com/
Instagram: https://www.instagram.com/dr.t_dpt/
TravCon real estate meetup signup : https://docs.google.com/forms/d/1v0oPE-Mk7qyZC1iTKXUqLoqmr7P7pFWl-Tr9Vd2m4nk/edit#responses
A new bill was proposed in the senate to make student loans have a 0% interest rate. However, there is a catch to it. We break down this new bill and if we think its good or not as well as the likely hood that its going to pass.
Many are curious whether renting or buying is a better. It is a complex question with a lot of moving parts. There's a behavioral component as well the mathematical/financial side. Joseph will provide you a few points to consider if owning or renting is better for you. Some of the points he brings up may surprise you.
In the workshops Joseph does at universities, he gets 3 common questions that are similar and they are related to money anxiety:
- How do I stop my money anxiety?
- Why does money give me anxiety?
- Why do I stress about money?
In this episode, Joseph discusses the reason why we have anxiety when it comes to thinking about money, managing our money, making decisions about money, etc…
The reason why we have financial anxiety is important to understand so that you can reduce it. Joseph is hoping this podcast helps a lot of people with money anxiety disorder (or some call it financial anxiety disorder).
To make it easy to understand, he compares money anxiety and financial anxiety to anxiety we used to get when driving prior to the invention of GPS.
If you're attending undergrad or grad school, you may need to take out student loans to pay for your schooling. In this episode, Joe discusses four recommendations that will make student loans more affordable and manageable. Some you can do yourself; others require policy changes.
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Setting a max.
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Having a private lender.
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0% interest rates
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One income driven repayment plan
Want help with your finances? Visit Fitbux.com
This episode will teach you how not to feel guilty spending money. There’s a difference between being cheap and being frugal, but what’s more important is to not feel guilty for spending money. How do you get what you need while still saving for retirement and stick to your plan? First step is having a budget. The key piece is the next step. Listen in to learn what you need to do to not feel guilty spending money.
Want help with your finances? Visit Fitbux.com to sign up free account.
What is the difference between consolidation and refinance?
Student loan consolidation: Merging of loans into one big loan. Doesn’t save! Doesn’t drop your payment!
Consolidation can cost you for 3 reasons:
- Can’t target prepayments anymore
- Every time you pay off a loan, the required payment drops… once you consolidate, it won’t happen any more because it’s one big loan
- Lose flexibility to go into new plans in the future
Student loan refinance: Replacing an old loan with a new loan at a lower interest rate. Goal is to save money.
Confusing because sometimes when you refinance you also consolidate multiple loans into one loan.
For those of you who are still in school, or just graduated in the last year, this episode will dispel some of those myths that you've heard about investing.
There a difference between institutional investing vs those who are just starting out to invest. There's a difference between those who have assets vs those who are starting out. There's a difference between academic theoretical vs real-world investing.
Financial Pearls:
- "Manage your risk and your returns will be there. "
- Emergency Funds
- "Invest aggressively when you have no funds - WHAT!!!???"
Listen in to learn how to apply what Joe is discussing to yourself.
In this podcast, Joe shares his thoughts on coins, specifically Bitcoin, from a high level. He also discusses who he thinks should be buying coins and who shouldn't.
In this episode, Joe discusses the new bill that removes the tax on student loan forgiveness through 2025 as well as the potential of 50k in student loan forgiveness.
He discusses if these things will help you, hurt you, or do absolutely nothing in the long run.
If you need help with your student loans, be sure to speak with one of our expert student loan planners.
Other podcast mentioned in this episode:
Fixing The Student Loan Problem
Student loans now sit over $1.6 trillion. There are many ideas to fix the issue. In this podcast I discuss one way to do so while working within the current system. I.e. If we aren't going to blow the system up completely, how can we work within it....
In this podcast, Alexis discusses how she followed her heart and became a PT instead of going to Med school.
She discusses what it felt like being a student and new grad with no plan and feeling overwhelmed. She also gives good advice on how students and new grads can start tackling their loans and setting themselves up for a good financial future.
"CEO's read on average 55 books per year!"
That, or a number close to it, is often sited as too how many books CEO's read. But why? Why do they read that much?
I heard this when I was younger and began reading anything I could. However, recently, I figured out what skill I was building.
I.e. yes, you read to learn but there is something more powerful about it.... Learning the skill of context!
In this podcast I discuss what this skill is and how it can help you in a large number of ways.
Conor graduated in 2017 with approximately 140k in student loan debt. Much of the debt was in private loans that had 10% plus rates.
He decided to get help from FitBUX in 2018.
He tried to initially refinance. However, he was denied. The reason was false reporting about a student loan from Undergrad that was damaging his credit score.
We worked with him to reestablish his credit so he could refinance as well as designed a financial plan to help him get on stable financial footing.
He was also able to get his Perkins Student Loans forgiven.
If you want help be sure to chat with our expert student loan planners.
P.S. The audio in this podcast for some reason has weird sounds being picked up in the background. However, please fight through it. This is a really good episode.
“Invest early and often because of the power of compound interest!” I can’t tell you how many times I’ve heard financial “experts”, financial advisors, and popular blogs say this.
However, when it comes to your money, there are two really important myths about compound interest that you need to know. In this podcast I discuss 2 myths about compound interest.
Most Importantly, I detail why your focus should be on compound growth not compound interest.
Here is the link mentioned in the episode regarding paying off debt vs investing: https://www.fitbux.com/articles/pay-off-student-loans-invest/
If you enjoyed this podcast make sure to subscribe and share with your friends! Get more FitBUX content from the links below.
https://www.fitbux.com https://www.fitbux.com/courses/ https://www.fitbux.com/podcast/ https://www.fitbux.com/student-loan-refinance/ https://www.fitbux.com/student-loan-planner/
"One big tip, you won't miss the money you pay once its gone."
Rachel discusses how she graduated with 100k in student loans and was able to pay off $30k in 22 months while living through the COVID shutdown.
She also shares how her athletic background has helped discipline her.
For more help with your money be sure to check out the following sites:
https://www.fitbux.com
https://www.fitbux.com/courses/
https://www.fitbux.com/podcast/
Everyday I get shown ads on social media platforms for "expert" taught courses and coaching. They promise the opportunity to learn a side hustle and "trust them, they will show you how easy it is."
In this video, I discuss one example I saw recently and how most of this courses and coaches are full of BS.
In this episode, I provide a brief description of the student loan "system" and explains why rates are the way they are.
I then discuss a potential policy idea of mine for Congress which would make student loans more affordable. Also, since everyone is talking stimulus these days, I provide high level details on a policy that I would roll out.
Want to listen to more episodes visit https://www.fitbux.com/podcast.
If you want student loan help be sure to visit https://www.fitbux.com
In This Episode: In our podcast episode with Kyle Freeman, I brought up developing financial discipline.
In this episode, I discuss how to do so. Specifically, I share with you what I actually did to build discipline.
This technique will not only help you build financial discipline but discipline in other aspects of your life.
Get more FitBUX content from the links below.
https://www.fitbux.com https://www.fitbux.com/courses/ https://www.fitbux.com/podcast/ https://www.fitbux.com/student-loan-refinance/ https://www.fitbux.com/student-loan-planner/
When I speak to recent graduates about their student loan grace period, I often hear two very different comments. The first, "I want to start paying my student loans immediately so I can save money." The second, "I do not need to worry about my student loans because I'm in my grace period." Who's right?
The first is somewhat correct because it depends on your goals. The second is always incorrect because you need to understand and plan a student loan repayment strategy as early as possible...and no, ignoring your student loans is not a strategy. It is a costly mistake. This podcast discusses strategies for you to implement during your student loan grace period.
Below are links that you may find helpful and are discussed in the podcast:
Free Student Loan Refinance Service
Free Student Loan Planner
88% Do Not Know About The IBR Tax
How IDR Plans Work & How To Take Advantage Of Them
Calculating How Much You Owe In Taxes
Partial Financial Hardship
We’ve been preaching for years that something needs to change with student loan servicers and now it will. Besty Devos and the Department of Education are moving forward with a massive overhaul of the Federal Loan servicing system for Direct student loans. They have announced the five contract awards as part of their Next Gen FSA vision.
Will these changes be a good thing? We still don’t know but should know more as the Department of Education releases more information. This podcast discusses what the Next Gen FSA vision is, what the changes might mean to you, AND WHAT YOU NEED TO DO TO PROTECT YOURSELF.
Need student loan help. Talk to an expert student loan planner from FitBUX.
We constantly stress at FitBUX that behavior and mindset is key to getting on the right financial path.
In this episode I discuss one of the major mindset changes you can make: changing from a consumption mentality to a savings mentality.
For more resources be sure to check out the following links:
https://www.fitbux.com
https://www.fitbux.com/courses/
https://www.fitbux.com/podcast/
https://www.fitbux.com/student-loan-refinance/
https://www.fitbux.com/student-loan-planner/
This podcast discusses buying a house with student loan debt. If you have student loans and are planning to buy a house, in the process, or have been denied a mortgage then this podcast is for you.
The dream of many, as well as the most common way for Americans to build wealth, is buying a home. That is becoming more and more of a dream for those graduating with massive student loan debt. In this podcast I discuss:
- Why Its Hard To Get Help & Where To Get It
- Buying A House With Student Loan Debt: The Major Problem
- Not All Student Loan Repayment Plans Are Treated Equal
- Buying A House When Using A Pay Off Strategy For Your Student Loans
- Buying A House When Using A Loan Forgiveness Strategy For Your Student Loans (IBR, PAYE, REPAYE, PSLF)
If you would like to read the article you may by visiting https://www.fitbux.com/articles/buying-house-with-student-loans/
If you need student loan help check out our student loan planners: https://www.fitbux.com/student-loan-planner/
In this episode, Kyle details his journey that took him from a full-time PT, to clinic owner, to travel PT, to Tik Tok Legend.
We deep dive into the financial reality that he realized as well as the mental development that he undertook.
This episode was awesome because we really dive deep into the mental side of life which is often overlooked when it comes to money.
You can find Kyle using the following links:
TikTok: Tikdocphysio https://www.tiktok.com/@tikdocphysio?lang=en
Facebook: https://www.facebook.com/groups/652258475623676/
If you enjoyed this video make sure to like, subscribe, comment and share with your friends!
Get more FitBUX content from the links below.
https://www.fitbux.com https://www.fitbux.com/courses/ https://www.fitbux.com/podcast/ https://www.fitbux.com/student-loan-refinance/ https://www.fitbux.com/student-loan-planner/
One of the most common questions we get at FitBUX is “Should I pay off student loans or invest?” This is a complex question because each person’s goals are different and both options have advantages as well as disadvantages.
This Episode discusses 7 steps you need to take in regards to making this critical decision. The first steps 5 steps are for those looking to keep it simple. The last two are for those want to take their plan to a more "advanced" level.
I want to emphasize one point. This video is from a “money efficiency” standpoint. Therefore, I am referring to the approach that is beneficial in the long run purely from a math standpoint. At the end of the day, the best choice is the one you understand, are comfortable with, and will implement.
Many students and new grads are asking how COVID and the CARES Act affect their student loans.
We took a workshop we recently did for the University of Michigan's DPT program and turned it into a podcast. We detail what you need to know as a student or new grad.
We deeper dive into your grace period and how to develop your student loan plan and answer questions such as "does my grace period get extended" as well as "my school postponed my graduation. What happens to my loans?"
For student loan help check us out at https://www.fitbux.com
I get a lot of questions about trading apps when it comes to stocks and investing. Are you using it to invest, do you understand investing, are you using them for money management? Investing is a full time job and it needs to be something you fully understand before investing in stocks. If you don’t understand investing, which is okay, maybe you should stick to money management. Today I discuss why you should or shouldn’t be using trading apps, tune in to hear more.
https://www.fitbux.com
https://www.fitbux.com/courses/
https://www.fitbux.com/podcast/
https://www.fitbux.com/student-loan-refinance/
https://www.fitbux.com/student-loan-planner/
https://www.fitbux.com/public-service-loan-forgiveness/
https://www.fitbux.com/pslf/
Today is a super short episode where we talk about the dropping interest rates. These tips can be beneficial if you are about to start grad school or currently a graduate student. Tune in to figure out how you can take advantage of the lower interest rates on student loans starting in July!
https://www.fitbux.com
https://www.fitbux.com/courses/
https://www.fitbux.com/podcast/
https://www.fitbux.com/student-loan-refinance/
https://www.fitbux.com/student-loan-planner/
https://www.fitbux.com/public-service-loan-forgiveness/
https://www.fitbux.com/pslf/
When you think of an emergency fund do you think of just being able to pay for food, living, and basic needs or do you think of living the lifestyle you want to live?
In this episode we dive deeper into the idea of an emergency fund and how you should be saving enough to live your desired lifestyle when you’re unemployed. Keep listening to learn more!
https://www.fitbux.com
https://www.fitbux.com/courses/
https://www.fitbux.com/podcast/
https://www.fitbux.com/student-loan-refinance/
https://www.fitbux.com/student-loan-planner/
https://www.fitbux.com/public-service-loan-forgiveness/
https://www.fitbux.com/pslf/
In todays episode we talk about current events, taxes and why its important to realize how it can effect you. We discuss the SALT Tax, a tax that causes wealthy individuals to pay more taxes as an example, as well as the stimulus check and how it is not “free money.” Tune in to learn more.
Dominic is an Occupational Therapist pursuing public service loan forgiveness. This is an interview whereby he details his story and the steps he's taking to qualify for public service loan forgiveness.
https://www.fitbux.com
https://www.fitbux.com/courses/
https://www.fitbux.com/podcast/
https://www.fitbux.com/student-loan-refinance/
https://www.fitbux.com/student-loan-planner/
https://www.fitbux.com/public-service-loan-forgiveness/
https://www.fitbux.com/pslf/
In today’s episode F Scott Fiel talks about how to grow your income with side hustles and side gigs. With everything changing currently with the coronavirus and economy changing; people are losing their jobs, making less money, or losing their business. Being able to have those different streams of side gigs allows you to grow your income more to be safe in times like these. Tune in to learn more about how to grow your income and check out his new book PT Educator Student Debt Eliminator and his podcast Healthcare Education Transformation Podcast.
https://www.amazon.com/Educators-Student-Debt-Eliminator-Academicians/dp/B083XTGGVC
https://www.clickfunnels.com/?fbclid=IwAR2thOIznqixHCSI49tTF2oABGC_1l9wJPJ13NRs99ts3FXMrsgXjU-Ov6o
https://www.fitbux.com
https://www.fitbux.com/courses/
https://www.fitbux.com/podcast/
https://www.fitbux.com/student-loan-refinance/
https://www.fitbux.com/student-loan-planner/
https://www.fitbux.com/public-service-loan-forgiveness/
https://www.fitbux.com/pslf/
One of the most popular videos in our financial course, Money School, is title “Manage Your Risk & Your Return Will Be There.”
We posted this quote in our FitBUX Finance Group on Facebook a few days ago. We did so to point out to all the people in that group that have gone through the course to use the current pandemic as an opportunity to learn.
However, there are many individuals in that group that haven’t watched our financial course and wanted more information about managing your risk. Therefore, we did a special podcast highlighting how risk hits all four financial inputs: income, expenses, assets, and debt.
In the podcast, we define what this quote means, how to reduce risk over time, and how to have peace of mind.
https://www.fitbux.com
https://www.fitbux.com/courses/
https://www.fitbux.com/podcast/
https://www.fitbux.com/student-loan-refinance/
https://www.fitbux.com/student-loan-planner/
https://www.fitbux.com/public-service-loan-forgiveness/
https://www.fitbux.com/pslf/
In todays video Joe interview Will Boyd and how he paid off his student loans. Will graduated with about $155K in student loan debt and when he couldn’t find resources at his school to figure out a plan to pay his debt he started doing research on his own and started the podcast “Breaking Student Debt.” He later on found Joe of Fitbux where they created a plan or his specific lifestyle. Tune in to learn more!
https://www.fitbux.com
https://www.fitbux.com/courses/
https://www.fitbux.com/podcast/
https://www.fitbux.com/student-loan-refinance/
https://www.fitbux.com/student-loan-planner/
In todays video Joe talks about three big things you can do as a student to prepare for student loans.
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Switching your 401k to a Roth (if you have one)
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Budgeting so you don't run out of money
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Saving during the grace period
https://www.fitbux.com
https://www.fitbux.com/courses/
https://www.fitbux.com/podcast/
https://www.fitbux.com/student-loan-refinance/
https://www.fitbux.com/student-loan-planner/
In today’s episode Joe interviews Jackie about how she started preparing for student loans in undergrad. Jackie talks about how she decided on her college for her bachelors and DPT, her thoughts on finances, and what she is doing to pay off her $170,000 students loans by 2020/2021. Tune in to learn more!
https://www.fitbux.com
https://www.fitbux.com/courses/
https://www.fitbux.com/student-loan-refinance/
https://www.fitbux.com/student-loan-planner/
Gabby Mace is a student taking things to the next level! Tune in to learn more about why she turned to FitBUX when she found out she was accepted into her physical therapy program. Learn what she is doing to prepare for student loans, her story, and so much more!
In today’s episode Joe talks about politicians and possible student loan forgiveness. He mentions 3 big reasons on why he think it is not going to happen and what you should do to prepare for your financial situation. Tune in to hear more and reach out to us if you have any questions!
Tonight we are joined by Mr. Jared Casazza. See how he's dominated Income Driven Repayment plans and generated a 6 figure net income within 7 years of graduation. In this episode Jared talks about travel physical therapy, how he is planning to pay off his student loans, personal and work travel, investments, and much more.
Fifth Wheel PT
https://fifthwheelpt.com/2019/02/20/going-from-broke-grad-student-to-semi-retired-in-3-years/?fbclid=IwAR1Rdb4eyjAuEjyrFOIEv-q0E3-X-n5_0kcLQVRERDxkxJdhKjawDRpXF_E
Travel Therapy Mentor
https://traveltherapymentor.com/?fbclid=IwAR23jQOIMBOxetglZMK0P4JOergivp3B_cp3vsvlJMOC8Eh1FjAAYf-NWwM
In this podcast episode, we tackle one of the biggest problems people have with student loans. Qualifying for public service loan forgiveness.
In this episode, Joe walks through what you have to understand about PSLF, how to develop a financial plan around it, and how to make sure Fed Loans is implementing your plan correctly.
This episode is for anyone considering PSLF or currently using.
Want our free PSLF checklist? You can request it from this web page: https://www.fitbux.com/pslf/
Want our PSLF Solution Joe references then check it out here.
FitBUX's Joseph Reinke interviews Ashley. She is a FitBUX Member that graduated from Physical Therapy school with $220k in student loans and is on pace to pay them off in four years on a five figure income. She has already paid off $137k in just two years! See how she has been doing.