5.1 Why This Statistic Matters Even More than What You Do With Your Debt
I attached the latest copy of the SLP calculator with the 'net worth' tab used in the video below.
Getting your student loan plan correct can save you a projected six figure sum and shave off two or three years off your working career.
The problem is that "your savings rate" as a statistic is way more important to your long term financial freedom.
In fact, I've seen relatively small savings rate increases reduce someone's required working career length by 10 to 20 years.
Watch the video below to see the math at work.
-Comprehension check: How many years faster could the borrower in the video retire with a 50% savings rate instead of a 15% savings rate?