Deleveraging Your Life

It’s not uncommon for an early-career physician or other high-income professional to have a combination of student loan and mortgage debt in the range of $500,000 to $1,000,000 or more.

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Fortunately, you’re likely equipped with a large and efficient shovel that can be used to dig yourself out of that deep cavern of debt. A high income combined with relative frugality creates a weapon of debt destruction.

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Deleveraging Your Life

Leverage. It’s a wonderful thing. Real estate investors and homeowners use it all the time to magnify their returns. However, leverage works both ways. It increases returns by increasing risk.

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Deleveraging Before Retirement

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Retirement finances aren’t just about being secure, they’re about feeling secure, and people feel more secure when they own the house they live in. No one can raise the rent.

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It takes hard-won income to service debt. Every dollar spent on interest, or even principal, is money that can’t be spent touring the world, spoiling the grandkids, or buying some sweet new skis.

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5 Reasons Not to Buy Indexed Universal Life Insurance

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Deleveraging Your Life

It’s not uncommon for an early-career physician or other high-income professional to have a combination of student loan and mortgage debt in the range of $500,000 to $1,000,000 or more.

Fortunately, you’re likely equipped with a large and efficient shovel that can be used to dig yourself out of that deep cavern of debt. A high income combined with relative frugality creates a weapon of debt destruction.

Deleveraging Your Life

Leverage. It’s a wonderful thing. Real estate investors and homeowners use it all the time to magnify their returns. However, leverage works both ways. It increases returns by increasing risk.

Deleveraging Your Life

Deleveraging Before Retirement

Retirement finances aren’t just about being secure, they’re about feeling secure, and people feel more secure when they own the house they live in. No one can raise the rent.

1. Security

It takes hard-won income to service debt. Every dollar spent on interest, or even principal, is money that can’t be spent touring the world, spoiling the grandkids, or buying some sweet new skis.

2. Tying Up Income

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5 Reasons Not to Buy Indexed Universal Life Insurance

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