{"id":4923,"date":"2018-11-05T03:13:36","date_gmt":"2018-11-05T07:13:36","guid":{"rendered":"https:\/\/marriagekidsandmoney.com\/?p=4923"},"modified":"2023-03-28T16:04:27","modified_gmt":"2023-03-28T20:04:27","slug":"i-owe-200000-in-student-loans-where-do-i-start","status":"publish","type":"podcast","link":"https:\/\/marriagekidsandmoney.com\/podcast\/i-owe-200000-in-student-loans-where-do-i-start\/","title":{"rendered":"I owe $200,000 in student loans. Where do I start?"},"content":{"rendered":"\n<p>Our question of the month comes from&nbsp;<strong>Joe from South Dakota<\/strong>:<\/p>\n\n\n\n<p><i><span style=\"font-weight: 400;\">Hey Andy,<\/span><\/i><\/p>\n\n\n\n<p><i><span style=\"font-weight: 400;\">Like you, I have a young family (wife + 2 young kids), a house, and a blessed life. However, I do have a mountain of student debt (~200,000) that I have accumulated through a doctorate in Chiropractic that creates considerable stress in our little world.<\/span><\/i><\/p>\n\n\n\n<p><i><span style=\"font-weight: 400;\">We are working to pay that down as much as possible but man it is hard to get ahead of! <\/span><\/i><\/p>\n\n\n\n<p><i><span style=\"font-weight: 400;\">We are also blessed to currently have:<\/span><\/i><\/p>\n\n\n\n<ul>\n<li><i><span style=\"font-weight: 400;\"> my wife's loans paid off<\/span><\/i><\/li>\n\n\n\n<li><i><span style=\"font-weight: 400;\">no credit card debt<\/span><\/i><\/li>\n\n\n\n<li><i><span style=\"font-weight: 400;\">no car payments <\/span><\/i><\/li>\n\n\n\n<li><i><span style=\"font-weight: 400;\">and our only bills are the mortgage and my loans<\/span><\/i><\/li>\n<\/ul>\n\n\n\n<p><i><span style=\"font-weight: 400;\">At the same time, we understand the importance of setting ourselves and kids up for success in the future, and are trying to put money away as well so we can take advantage of compounding interest, but it is hard to know the right path (especially with all the &#8220;experts&#8221;) out there. <\/span><\/i><\/p>\n\n\n\n<p><i><span style=\"font-weight: 400;\">All of the above can really cause a person to get &#8220;stuck in the mud&#8221; and just throw your hands in the air and continue to put it off, but your <a href=\"https:\/\/marriagekidsandmoney.com\/mkmpodcast\/\">podcast<\/a> has really helped us stay out of that mentality.&nbsp;&nbsp;<\/span><\/i><\/p>\n\n\n\n<p><i><span style=\"font-weight: 400;\">Any advice or resources you think might benefit us would be much appreciated.<\/span><\/i><\/p>\n\n\n\n<p><i><span style=\"font-weight: 400;\">Thank you,<\/span><\/i><\/p>\n\n\n\n<p><i><span style=\"font-weight: 400;\">Dr. Joe<\/span><\/i><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<figure class=\"wp-block-image alignnone wp-image-4929 size-full\"><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2018\/11\/How-am-I-going-to-pay-for-this.jpg?w=1200&#038;ssl=1\" alt=\"Man sitting alone in empty classroom\" class=\"wp-image-4929\" data-recalc-dims=\"1\"\/><figcaption class=\"wp-element-caption\">&#8220;How am I going to pay for this?&#8221;<\/figcaption><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\">Thanks for writing in Dr. Joe!<\/span><\/p>\n\n\n\n<p>I completely understand how you feel. With the demands of young parenthood and your career, the last thing you want is a mountain of debt sitting on your shoulders.<\/p>\n\n\n\n<p>I invited Ryan Inman from the <a href=\"https:\/\/financialresidency.com\/podcast\/\">Financial Residency Podcast<\/a> to help me answer your question today. We came up with 5 ideas for you to consider to get rid of this debt.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-give-yourself-a-visual-motivator\">1. Give Yourself a Visual Motivator<\/h2>\n\n\n\n<p>Find a place in your home where you can post up a huge <a href=\"https:\/\/www.amazon.com\/gp\/product\/B004SUJSCY\/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=marri05-20&creative=9325&linkCode=as2&creativeASIN=B004SUJSCY&linkId=96b46d795961f9ec95668b29ee683d44\" rel=\"nofollow\">goal setting thermometer chart<\/a>. That way you'll have a visual motivator that can drive you to hit your goals.<\/p>\n\n\n\n<figure><iframe style=\"width: 120px; height: 240px;\" src=\"\/\/ws-na.amazon-adsystem.com\/widgets\/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ac&ref=qf_sp_asin_til&ad_type=product_link&tracking_id=marri05-20&marketplace=amazon&region=US&placement=B004SUJSCY&asins=B004SUJSCY&linkId=e9326dfe5587976de487fcb6120b0a69&show_border=false&link_opens_in_new_window=true&price_color=333333&title_color=0066c0&bg_color=ffffff\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><br \/><\/iframe><\/figure>\n\n\n\n<p>Also, by setting up milestones of $50,000, $100,000, $150,000 and then $200,000, you'll give yourself an opportunity to celebrate along the way.<\/p>\n\n\n\n<p>Take the kids for a big ice cream celebration at $50,000. How about a champagne toast at $100,000 with your wife? Make it fun and capture the memories with your family.<\/p>\n\n\n\n<p>Paying off huge debt can be a blast. <em>(Check out <a href=\"https:\/\/marriagekidsandmoney.com\/how-to-celebrate-paying-off-your-mortgage-early\/\">how my family enjoyed celebrating<\/a> crushing our $200,000 mortgage!)<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-look-into-refinancing-your-loans\">2. Look into Refinancing Your Loans<\/h2>\n\n\n\n<p>Ryan and I weren't sure about your specific interest rates, but refinancing may be an option for you to significantly lower your payments.<\/p>\n\n\n\n<p>Now if your credit isn't that great, you'll want to take some action to bring your credit score up.&nbsp; The higher your credit score, the better the rate you're going to get.<\/p>\n\n\n\n<p>If you don't know your credit score, you can receive your score for free&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/creditsesame\">here<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-create-a-budget-and-spending-plan\">3. Create a Budget and Spending Plan<\/h2>\n\n\n\n<p>When you're paying down $200,000 of debt, knowing your detailed income and expenses matters.<\/p>\n\n\n\n<p>Utilize a spreadsheet-based system like <a href=\"https:\/\/marriagekidsandmoney.com\/tiller\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Til<\/a>ler to clearly lay out your income and expenses and let automation do the rest. The clarity that will come from understanding your true financial picture will be incredibly refreshing.<\/p>\n\n\n\n<p>If you're spending more than 50% on your fixed expenses <em>(home, transportation, food, utilities, ya know, the big stuff)<\/em>, then see what you can do to decrease your spending so you can make room for bigger debt payments.<\/p>\n\n\n\n<p><strong>Related Article<\/strong>:&nbsp; <a href=\"https:\/\/marriagekidsandmoney.com\/5-ways-to-avoid-becoming-house-rich-and-cash-poor-in-a-sellers-market\/\"><em>5 Ways to Avoid Becoming House Rich and Cash Poor<\/em><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-take-advantage-of-matching-retirement\">4. Take Advantage of Matching Retirement<\/h2>\n\n\n\n<p>Even though paying off your student debt is important, don't forget to take advantage of any workplace retirement matching that may exist.<\/p>\n\n\n\n<p>In your situation, it would make sense to contribute up to the match so you're not leaving any FREE MONEY on the table. For example, I have a 401k at my office that matches 15% of my contributions. Since I max out my contributions at $18,500 (2018), I'm able to receive $2,775 of free money each year from my company.<\/p>\n\n\n\n<p>This money will compound year over year and give you a nice retirement nest egg in the future.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-5-increase-your-income\">5. Increase Your Income<\/h2>\n\n\n\n<p>Not everyone wants to do a side hustle to make more money especially when you're a young parent. I get it.<\/p>\n\n\n\n<p>Is there a hobby of yours that you have already that can help you make extra money? For me, I enjoy writing about money<em>&nbsp;<\/em>and talking about money. At first, it was just a hobby and now it's turned into a small side hustle that pays me $1,000 extra per month. That money sure goes a long way for my financial goals!<\/p>\n\n\n\n<p>If side hustling isn't your thing, see what you or your spouse can do to increase your income at work. To inspire you, here are the ways I have&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/take-your-salary-from-5-figures-to-6-figures-in-7-steps\/\">increased my salary from 5-figures to 6-figures<\/a>.<\/p>\n\n\n\n<p>You're in a great spot, Joe! You have no high-interest debt and you're asking GREAT questions &#8230; that means you care and you will clean this debt up soon.<\/p>\n\n\n\n<p>Have some patience and be determined. This debt will be gone soon enough.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-click-the-play-button-above-or-listen-on\">CLICK THE PLAY BUTTON ABOVE&nbsp;OR LISTEN ON:<\/h4>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/marriagekidsandmoney.com\/applepodcasts\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3386\" src=\"https:\/\/i2.wp.com\/www.marriagekidsandmoney.com\/wp-content\/uploads\/2018\/03\/Apple-Podcasts.jpg?resize=274%2C72\" alt=\"\" width=\"193\" height=\"51\" data-pin-nopin=\"1\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/marriagekidsandmoney.com\/googlepodcasts\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4181\" src=\"https:\/\/i0.wp.com\/www.marriagekidsandmoney.com\/wp-content\/uploads\/2018\/07\/google_podcasts_badge@8x-300x76.png?resize=189%2C48&ssl=1\" alt=\"\" width=\"191\" height=\"49\" data-pin-nopin=\"1\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/marriagekidsandmoney.com\/spotify\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3448\" src=\"https:\/\/i2.wp.com\/www.marriagekidsandmoney.com\/wp-content\/uploads\/2018\/03\/listen-on-spotify-1024x359-1024x359.png?resize=183%2C64\" alt=\"Marriage, Kids and Money, Andy Hill\" width=\"192\" height=\"67\" data-pin-nopin=\"1\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/marriagekidsandmoney.com\/stitcher\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1762\" src=\"https:\/\/i2.wp.com\/www.marriagekidsandmoney.com\/wp-content\/uploads\/2016\/11\/stitcher.png?resize=128%2C47\" alt=\"stitcher\" width=\"195\" height=\"72\" data-pin-nopin=\"1\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/marriagekidsandmoney.com\/castbox\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4288\" src=\"https:\/\/i0.wp.com\/www.marriagekidsandmoney.com\/wp-content\/uploads\/2018\/08\/castbox-button-1-300x110.png?resize=183%2C67&ssl=1\" alt=\"\" width=\"189\" height=\"69\" data-pin-nopin=\"1\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-our-guest-host-ryan-inman\">Our Guest Host:&nbsp; Ryan Inman<\/h2>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2018\/11\/ryan-inman.jpg?resize=209%2C209&#038;ssl=1\" alt=\"Ryan Inman Financial Residency\" class=\"wp-image-4938\" width=\"209\" height=\"209\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\">Ryan Inman is a financial planner and the host of the <a href=\"http:\/\/financialresidency.com\">Financial Residency Podcast<\/a> which is dedicated to the financial wellbeing of doctors. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">His financial wisdom has been featured in Entrepreneur, Go Banking Rates and US News & World Report.<\/span><\/p>\n\n\n\n<p>Ryan is married and a proud father to two kids.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-money-master-of-the-week\">Money Master of the Week<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2018\/11\/Carmen-Make-Real-Cents.jpg?w=1200&#038;ssl=1\" alt=\"Carmen Make Real Cents\" class=\"wp-image-4939\" data-recalc-dims=\"1\"\/><\/figure>\n\n\n\n<p>Carmen from New York recently paid off $57,000 in just under 3 years!<\/p>\n\n\n\n<p>She reached this milestone by:<\/p>\n\n\n\n<ul>\n<li>Tracking her spending through a&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/budget-your-way-to-financial-freedom-in-5-steps-2\/\">budget<\/a><\/li>\n\n\n\n<li>Paying off her debts smallest to largest using the <a href=\"https:\/\/marriagekidsandmoney.com\/climb-out-of-massive-debt-with-these-10-life-changing-steps\/\">debt snowball method <\/a><\/li>\n\n\n\n<li>And staying determined<\/li>\n<\/ul>\n\n\n\n<p>Now she\u2019s ready to build a big <a href=\"https:\/\/marriagekidsandmoney.com\/5-smart-reasons-to-have-emergency-fund\/\">emergency fund<\/a> and buy a house. With her drive and her money not all going towards debt, she\u2019ll get there in no time.<\/p>\n\n\n\n<p>If you want to follow Carmen on her path to financial independence, check her out at <a href=\"http:\/\/MakeRealCents.com\">Make Real Cents<\/a>.<\/p>\n\n\n\n<p><strong><em>Carmen is our Money Master of the Week!<\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-share-your-wins\">Share Your Wins<\/h3>\n\n\n\n<p>If you have a financial victory you want to share on this show, please leave me a&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/voicemail\">voicemail<\/a>&nbsp;(or an&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/contactme\/\">email<\/a>) and include the following:<\/p>\n\n\n\n<ul>\n<li>First name<\/li>\n\n\n\n<li>Location<\/li>\n\n\n\n<li>Your recent big win<\/li>\n\n\n\n<li>How you did it<\/li>\n\n\n\n<li>Your financial plans for the future<\/li>\n<\/ul>\n\n\n\n<p>Your story will inspire others to save more, make more and plan for their family\u2019s future.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-fintech-spotlight\">FinTech Spotlight<\/h2>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"http:\/\/hellogrove.com\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4940\" src=\"https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2018\/11\/Grove-Wordmark-cropped.png?resize=256%2C65&#038;ssl=1\" alt=\"Grove Financial Chris Hutchins\" width=\"256\" height=\"65\" data-pin-nopin=\"1\" data-recalc-dims=\"1\" \/><\/a><\/figure>\n\n\n\n<p><strong>Check out&nbsp;<a href=\"https:\/\/hellogrove.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Grove<\/a>&nbsp;to learn more about their affordable financial advising services.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-our-featured-guest-chris-hutchins\">Our Featured Guest:&nbsp; Chris Hutchins<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" class=\"wp-image-4943\" src=\"https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2018\/11\/Chris-Hutchins-Grove-.jpg?resize=300%2C150&#038;ssl=1\" alt=\"Chris Hutchins Grove\" data-pin-nopin=\"1\" data-recalc-dims=\"1\" \/><\/figure>\n\n\n\n<p>Chris Hutchins is the Founder and CEO of Grove, a startup reinventing the financial planning to be actionable, affordable, and accessible for everyone.<\/p>\n\n\n\n<p>Before founding Grove, Chris was a Partner at Google Ventures where he focused on seed and early-stage investments and prior to that, Chris co-founded Milk, which was acquired by Google in 2012.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-show-resources\">Show Resources<\/h2>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-show-sponsor-tiller\">SHOW SPONSOR:&nbsp; TILLER<\/h4>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/marriagekidsandmoney.com\/tiller\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4029\" src=\"https:\/\/i2.wp.com\/www.marriagekidsandmoney.com\/wp-content\/uploads\/2018\/06\/tiller-logo-1.png?resize=316%2C160&ssl=1\" alt=\"\" width=\"243\" height=\"123\" data-pin-nopin=\"1\" \/><\/a><\/figure>\n\n\n\n<p><a href=\"https:\/\/marriagekidsandmoney.com\/tiller\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>30-Day FREE Trial<\/strong><\/a><strong>&nbsp;<\/strong>\u2013 Control your money and support this show.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-mkm-podcast-resources\">MKM PODCAST RESOURCES<\/h4>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4199\" src=\"https:\/\/i0.wp.com\/www.marriagekidsandmoney.com\/wp-content\/uploads\/2018\/07\/Andy-Hill-Work-With-Me-Wordpress.jpeg?resize=344%2C147&ssl=1\" alt=\"Personal Finance Coach, Personal Finance Influencer, Personal Finance Speaker\" width=\"316\" height=\"135\" data-pin-nopin=\"1\" \/><\/figure>\n\n\n\n<p><strong><a href=\"https:\/\/marriagekidsandmoney.com\/coaching\">MKM Coaching with Andy Hill<\/a><\/strong>:&nbsp; Request a free 30-minute consultation call with me so we can partner together on your path to financial freedom.<\/p>\n\n\n\n<p><a href=\"https:\/\/marriagekidsandmoney.com\/fbgroup\">Thriving Families Facebook Group<\/a>:&nbsp; Join our new FREE Facebook Community!<\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/marriagekidsandmoney.com\/young-family-wealth-playbook\/\">Young Family Wealth Playbook<\/a>&nbsp;(FREE)<\/strong>:&nbsp; 7-Steps to Solidifying Your Family\u2019s Future Wealth<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/marriagekidsandmoney.com\/young-family-wealth-playbook\/\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3186\" src=\"https:\/\/i2.wp.com\/www.marriagekidsandmoney.com\/wp-content\/uploads\/2018\/02\/3D-Book-Art-for-YFWP.png?resize=242%2C274\" alt=\"Young Family Wealth Playbook\" width=\"227\" height=\"257\" data-pin-nopin=\"1\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-support-this-show\">Support this Show<\/h2>\n\n\n\n<p>If you enjoyed this&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/mkmpodcast\/\">podcast<\/a>&nbsp;episode, here are some excellent ways to support the show:<\/p>\n\n\n\n<ul>\n<li>Leave a review for the show on&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/itunes\">Apple Podcasts<\/a>&nbsp;or&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/stitcher\">Stitcher<\/a><\/li>\n\n\n\n<li>Leave a comment below<\/li>\n\n\n\n<li>Check out my&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/resources\/\">Recommended Resources<\/a>&nbsp;Page<\/li>\n\n\n\n<li>Subscribe to the show on&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/itunes\">Apple Podcasts<\/a>,&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/YouTube\">YouTube<\/a>,&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/spotify\">Spotify<\/a>,&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/googlepodcasts\">Google Podcasts<\/a>&nbsp;or&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/stitcher\">Stitcher<\/a><\/li>\n\n\n\n<li>Join our&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/fbgroup\">Thriving Families Facebook Community<\/a>&nbsp;\u2013 learn and help other families grow their wealth<\/li>\n<\/ul>\n\n\n\n<p>I truly appreciate the support everyone!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-questions\">Questions?<\/h2>\n\n\n\n<p>I\u2019d love to hear from you!<\/p>\n\n\n\n<figure><iframe loading=\"lazy\" src=\"https:\/\/www.speakpipe.com\/widget\/inline\/huij2yyd5a3i5jsuq56vnxh5jwoftdy4\" width=\"100%\" height=\"180px\" frameborder=\"0\" data-mce-fragment=\"1\"><\/iframe><\/figure>\n\n\n\n<p>If you\u2019d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.<\/p>\n\n\n\n<p>Leave me a&nbsp;<a href=\"http:\/\/speakpipe.com\/mkm\">voicemail<\/a>&nbsp;or connect with me on&nbsp;<a href=\"http:\/\/twitter.com\/andyhillmkm\">Twitter<\/a>,&nbsp;<a href=\"http:\/\/facebook.com\/AndyHillMKM\">Facebook<\/a>&nbsp;or&nbsp;<a href=\"https:\/\/marriagekidsandmoney.com\/contactme\/\">shoot me an email.<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-carpe-diem-quote\">Carpe Diem Quote<\/h2>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-it-is-only-through-labor-and-painful-effort-by-grim-energy-and-resolute-courage-that-we-move-on-to-better-things\"><strong>It is only through <\/strong>labor<strong> and painful effort, by grim energy and resolute courage; that we move on to better things.\u201d <\/strong><\/h5>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-theodore-roosevelt\"><strong>&#8211; Theodore Roosevelt<\/strong><\/h5>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-strategies-are-you-using-to-pay-off-your-debt\">What strategies are you using to pay off your debt?<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-please-let-us-know-in-the-comments-below\">Please let us know in the comments below.<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-subscribe-to-the-podcast\">Subscribe to the podcast:<\/h4>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/marriagekidsandmoney.com\/applepodcasts\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3386\" src=\"https:\/\/i2.wp.com\/www.marriagekidsandmoney.com\/wp-content\/uploads\/2018\/03\/Apple-Podcasts.jpg?resize=274%2C72\" alt=\"\" width=\"193\" height=\"51\" data-pin-nopin=\"1\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/marriagekidsandmoney.com\/googlepodcasts\"><img decoding=\"async\" class=\"wp-image-4181\" src=\"https:\/\/i0.wp.com\/www.marriagekidsandmoney.com\/wp-content\/uploads\/2018\/07\/google_podcasts_badge@8x-300x76.png?resize=189%2C48&ssl=1\" alt=\"\" data-pin-nopin=\"1\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/marriagekidsandmoney.com\/spotify\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3448\" src=\"https:\/\/i2.wp.com\/www.marriagekidsandmoney.com\/wp-content\/uploads\/2018\/03\/listen-on-spotify-1024x359-1024x359.png?resize=183%2C64\" alt=\"Marriage, Kids and Money, Andy Hill\" width=\"184\" height=\"64\" data-pin-nopin=\"1\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/marriagekidsandmoney.com\/stitcher\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1762\" src=\"https:\/\/i2.wp.com\/www.marriagekidsandmoney.com\/wp-content\/uploads\/2016\/11\/stitcher.png?resize=128%2C47\" alt=\"stitcher\" width=\"191\" height=\"70\" data-pin-nopin=\"1\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/marriagekidsandmoney.com\/castbox\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-4288\" src=\"https:\/\/i0.wp.com\/www.marriagekidsandmoney.com\/wp-content\/uploads\/2018\/08\/castbox-button-1-300x110.png?resize=183%2C67&ssl=1\" alt=\"\" width=\"190\" height=\"70\" data-pin-nopin=\"1\" \/><\/a><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<figure class=\"wp-block-image alignnone size-full wp-image-5050\"><img decoding=\"async\" class=\"wp-image-5050\" src=\"https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2018\/11\/2200kloans.jpg?w=1200&#038;ssl=1\" alt=\"How to pay off student loans. How to handle a mountain of student loans. Debt pay off. Drowning in debt. #debt #money #studentloans #personalfinance\" data-pin-description=\"How to pay off student loans. How to handle a mountain of student loans. Debt pay off. Drowning in debt. #debt #money #studentloans #personalfinance\" data-recalc-dims=\"1\" \/>\r\n<figcaption>How to pay off student loans. How to handle a mountain of student loans. Debt pay off. Drowning in debt. #debt #money #studentloans #personalfinance<\/figcaption>\r\n<\/figure>\n\n\n\n<figure class=\"wp-block-image alignnone size-large wp-image-5049\"><img decoding=\"async\" class=\"wp-image-5049\" src=\"https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2018\/11\/3200kloans.jpg?resize=546%2C1024&#038;ssl=1\" alt=\"How to pay off student loans. How to handle a mountain of student loans. Debt pay off. Drowning in debt. #debt #money #studentloans #personalfinance\" data-pin-description=\"How to pay off student loans. How to handle a mountain of student loans. Debt pay off. Drowning in debt. #debt #money #studentloans #personalfinance\" data-recalc-dims=\"1\" \/>\r\n<figcaption>How to pay off student loans. How to handle a mountain of student loans. Debt pay off. Drowning in debt. #debt #money #studentloans #personalfinance<\/figcaption>\r\n<\/figure>\n\n\n\n<figure class=\"wp-block-image alignnone size-large wp-image-5051\"><img decoding=\"async\" class=\"wp-image-5051\" src=\"https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2018\/11\/1200kLoans.jpg?resize=546%2C1024&#038;ssl=1\" alt=\"How to pay off student loans. How to handle a mountain of student loans. Debt pay off. Drowning in debt. #debt #money #studentloans #personalfinance\" data-pin-description=\"How to pay off student loans. How to handle a mountain of student loans. Debt pay off. Drowning in debt. #debt #money #studentloans #personalfinance\" data-recalc-dims=\"1\" \/>\r\n<figcaption>How to pay off student loans. How to handle a mountain of student loans. Debt pay off. Drowning in debt. #debt #money #studentloans #personalfinance<\/figcaption>\r\n<\/figure>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"author":3,"featured_media":10585,"comment_status":"open","ping_status":"open","template":"","epcats":[675],"eptags":[682,757,1011,1012,708],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v22.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>I owe $200,000 in student loans. Where do I start?<\/title>\n<meta name=\"description\" content=\"Joe feels like he&#039;s drowning in his $200,000 of student loans and he&#039;s not sure where to start. We review 5 ways for him to break free from his debt.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marriagekidsandmoney.com\/podcast\/i-owe-200000-in-student-loans-where-do-i-start\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"I owe $200,000 in student loans. Where do I start?\" \/>\n<meta property=\"og:description\" content=\"Joe feels like he&#039;s drowning in his $200,000 of student loans and he&#039;s not sure where to start. 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