• S2-Episode 20 - Music Production Secrets
    Nov 9 2025
    This transcript features Dr. Jordan Smith and Jordan III, discussing a range of topics from personal technology and teaching experiences to detailed insights into music production, book publishing, and a new venture aimed at tackling student loan debt. The core theme revolves around building a "generational wealth machine" through various entrepreneurial endeavors and mentorship. Here's a breakdown of the key points: I. Podcast Introduction & Personal Anecdotes: The podcast, "Two Generations, One Mission," features a Marine Corps dad (Dr. Jordan Smith) and his Army veteran son (Jordan III) discussing life, legacy, and leadership. Initial conversation includes lighthearted discussions about iPhone models (titanium vs. aluminum cases), the surprising number of photos stored on phones (Dr. Smith with 13,000, Jordan III with 3,000), and the benefits of a teacher's schedule (long holidays and summer breaks) which Dr. Smith valued while raising his children. II. Music Production Insights: Journey to Original Music: Dr. Smith initially used karaoke tracks for singing but realized the legal complexities and costs associated with licensing cover songs. Legal & Licensing: ASCAP: Essential for live performances of cover songs and receiving royalties for original renditions. Cover Song Licenses (e.g., Harry Fox Agency/Songbank): Required to legally record and distribute another artist's song, ensuring the original creators receive their cut. Critique of Cover Songs: Jordan III humorously criticizes Taylor Swift's cover of Earth, Wind & Fire's "September," calling it the "audible epitome of putting raisins in potato salad." Finding Original Material: Dr. Smith moved to platforms like Rocket Songs, where composers sell unpicked-up songs from major artists, often allowing for exclusive rights. AI Music Production: Discovered an AI music app (rhymes with "Juno") that allows for creating original songs. Learned to use the software by going through tutorials, leveraging his experience with AI and his vocal range. The app allows for crafting lyrics, adding musical elements (e.g., John Legend-style piano intro), and manipulating song structure (verse, chorus, bridge) which alters the accompanying music. It allows users to extend song length and split instrumental and vocal tracks. Cost Efficiency: A one-year license for the AI app was significantly cheaper ($200) than the $200-300 per song Dr. Smith previously paid for production. Distribution Process: Dr. Smith uses platforms like "Landar" to upload and distribute his songs. He self-masters tracks using equipment and software like WavePad (for noise reduction and dynamic compression) before uploading. Goals: Market songs on all streaming networks (Apple Music, Spotify, Amazon Music) to generate streams and income. His song "The Student Loan Trap" (registered with ASCAP and ISRC code) is an example. III. Book Publishing & "Shattered Chains": ChatGPT as an Assistant: Dr. Smith utilized ChatGPT (which he has trained over two and a half years with his writing style and existing books) to go from initial concept to a published book in seven days. "Shattered Chains": A book about student loan debt, specifically focusing on teachers and veterans, and the idea of young people realizing the long-term debt burden. Marketing & Reviews: Emphasizes that book sales are driven by reviews, and he leverages his experience (having done over 1200 book reviews in the past year) to generate reviews for his own work. Audiobooks: Acknowledges the shift towards audiobooks and plans to delegate audiobook production rather than doing it himself. IV. The "Generational Wealth Machine" & Student Loan Solution: Teach Lead Inspire App: Dr. Smith has developed an app and a "Debt-Free University" within it, offering various income streams and mentorship. Mentorship Programs: Book Publishing: Teaches how to publish a book on Amazon in seven days. Music Production: Mentors on the process of creating and distributing music. Course Structure: Each area is offered as a course with video lessons, and one-on-one coaching is available for an additional fee. Pricing: Pre-launch "founder" access (lifetime access, feedback opportunities, help setting up their own apps) is $997, increasing to $1497 and $1997 in subsequent weeks. Coaching is an additional $997. Student Loan Debt Program: Target Market: Primarily teachers and veterans struggling with student loans. Critique of Competitors: Student Loan Planner: Charges $595 for consultation, advises lowering payments (e.g., from $1000 to $200) and investing the difference for 25 years. Dr. Smith sees this as merely relocating money and potentially leading to commissions from financial products. Student Loan Tutor: Charges $150 for an initial interview, then $2500 for the first-year plan, and $600 annually to manage it, also focusing on lowering payments for a 25-year payoff. Dr. Smith expresses skepticism about the long-term ...
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    53 m
  • S2-E19-Self Publishing Music
    1 h y 3 m
  • S2- Episode 18 - Self-Publishing Mindset
    Nov 9 2025
    Dr. Jordan Smith, co-host of the "Teach, Lead and Expire" podcast, shares his transformative journey into self-publishing, emphasizing the power of mindset, resilience, and intentional living to build a lasting legacy. Here's a breakdown of his insights and experiences: I. The Power of Mindset and Early Influences Starting Point: Dr. Smith initially struggled with the idea of writing a book but simply started writing, focusing on his experiences at Annapolis. Brain Power: He highlights the brain's power, asserting that filling it with negative thoughts leads to negative realities. Napoleon Hill's "Law of Success": Mentions this book as influential, noting that successful individuals like Elon Musk and Donald Trump shared common traits: a definite chief aim, daily affirmations, and a strong belief in their ability to create wealth—a "wealthy mindset." Critique of Traditional Upbringing: Contrasts this with the common advice he received: "get a good education, get a good job," which he found led to a loss of rights (e.g., free speech in the Marines) and exposure to systemic racism. II. Personal and Professional Transformation Through Writing "Annapolis Creed": Writing this book had an unexpected positive impact on his perspective and performance as a teacher, leading to his recognition as a leader. Involuntary Transfer and Its True Purpose: He was involuntarily transferred from his math department head position at a high school to a continuation school, initially believing it was due to a principal who disliked his influence. He later discovered the superintendent moved him due to his 97% math passing rate on the California High School Exit Examination, which was causing a district-wide graduation crisis under the "No Child Left Behind Act." His technological proficiency and background as a disciplined Marine (with a master's and working on a doctorate) made him the ideal candidate to address the academic challenge. Gettysburg Leadership Program: His success led to the district sponsoring him for a $7,000, week-long leadership program in Gettysburg, where he studied Union and Confederate generals, further cementing his leadership development. III. Venturing into Self-Publishing Discovery of Amazon: Realizing he couldn't open a bookstore, he discovered Amazon's self-publishing platform. Investment in Education: He paid $2,000 for the "Audio Income Academy" course, which taught him how to publish books on Amazon in various formats (paperback, audiobook, hardback) and market them. Learning Curve and Formats: Initially, he self-edited and used Word, leading to frustrating formatting errors. He learned to use Amazon's "Kindle Create" for easier ebook formatting and export. Each format (ebook, paperback, audiobook, hardback) requires slightly different image specifications. Importance of Reviews: He realized the critical role of reviews for book sales, similar to how he evaluates products like blenders on Amazon (preferring items with thousands of reviews). IV. Financial Growth and Strategic Reinvestment Initial Earnings: Started with small deposits ($6, $8, $35) for his first book. Significant Growth: After writing his second book, "11 Effective Strategies for Teaching Mathematics," and re-engaging with the course, his earnings grew to $60, $120, $235, $500, and eventually $900 per month. Delayed Payments: He learned that Amazon pays in arrears (e.g., July sales paid in October), meaning consistent effort builds future income. Reinvestment: Once earnings became substantial, he reinvested them to hire professional ghostwriters (e.g., "The Urban Writer") and editors, likening it to how established authors like James Patterson utilize ghostwriters and how doctoral candidates hire statisticians and editors for dissertations. Tax Advantages: Emphasizes that expenses like courses, ghostwriters, and advertising become tax deductions, benefiting his overall financial strategy. V. Leveraging AI for Writing ChatGPT as an Assistant: He now uses AI tools like ChatGPT as an assistant to generate book outlines, plot ideas, and even draft chapters. Human Oversight is Crucial: He stresses that AI is not perfect and requires human input, editing, and critical review to ensure quality, coherence, and accuracy. An AI can provide a rough draft, but human expertise shapes it into a polished product. VI. Current Projects and Legacy Building "Against the Odds Chronicles of Resilience": A four-book historical fiction series based on true stories of students overcoming obstacles at the continuation school. The series covers pre-pandemic, during-pandemic, post-pandemic, and post-election periods. "Shattered Chains": The fourth book in the series, it focuses on student loan debt, immigration, and teaching math through real-life examples, motivated by a viral social media post. Viral Student Loan Post: A personal social media post about student loans has garnered significant organic reach, with over ...
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    31 m
  • S2-Episode 17 - How We Got Screwed By Not Talking About Money
    Nov 9 2025
    This podcast episode of "Teach, Lead and Expire" explores the significant impact of the lack of financial education within families, particularly concerning money management and student loans, leading to detrimental long-term financial consequences. Here's a breakdown of the key points: Absence of Financial Conversations: The hosts lament that crucial discussions about money, debt, and financial traps rarely occur at home before individuals enter the workforce. This absence leaves people vulnerable to making poor financial decisions. Common Financial Traps: Car Depreciation: A primary example is buying new cars and quickly being "upside down" on loans due to rapid depreciation. The hosts highlight how this cycle of debt is often passed down through generations. Jordan III's Experience: Jordan III shares his personal decision to downgrade a sports car to a truck for practical reasons (living in the country, home maintenance) and improved financial standing (equity in the sports car, lower truck payment). The "Ramsey Rule" for Cars: Dr. Jordan Smith proposes a strategy: pay off a car, save the amount of potential car payments, drive the well-maintained car for years, and then use the savings and trade-in value to pay cash for a 2-year-old (or older) used car, repeating the cycle. This method aims to build a fund to buy new cars every five years for life, all with cash, by avoiding depreciation costs. The Student Loan Crisis and Generational Wealth: Viral Post & Motivation: A social media post by Dr. Jordan Smith about veterans being "ripped off" by student loans went viral, reaching nearly 180,000 views organically, motivating him to delve deeper into the issue. Alarming Statistics: The average US teacher carries $58,000 in student loan debt, with 1 in 5 considering quitting their job to pay it off. The average time to pay off student loans is 21 years. Nearly 1 in 5 Americans over 60 still carry student loan debt, either their own or co-signed for family, often facing higher interest rates on parent plus loans. The number of people over 60 with student loan debt has quadrupled in the past 15 years and increased sixfold since 2004, largely due to rising education costs. Unpaid student loans can lead to garnishment of Social Security checks. Impact on Generational Wealth: Dr. Jordan Smith emphasizes that student loan debt prevents older generations from accumulating wealth to pass down. If someone pays $1,500/month for 10 years on a student loan, that's $180,000 that could have been saved or invested, potentially doubling to $360,000 with good investment returns. This lost potential means no inheritance for future generations, trapping them in the same financial struggles. "Shattered Chains" - A New Book & Movement: Book 4 in a Series: Dr. Jordan Smith announces his new book, "Shattered Chains," releasing on Monday, which is a raw, realistic fiction addressing student loans and the education system. Raw Language: Inspired by authors like David Goggins ("Can't Hurt Me"), the book uses direct, uncensored language to reflect the reality of conversations in schools and homes, aiming to grab attention. Math Education's Purpose: The book's premise centers on a math teacher who tells students that the main purpose of learning math isn't just to "solve for X," but to understand numbers well enough "to recognize when you're getting screwed" financially. The "Debt Free Playbook": In the book, students create an app called the "Debt Free Playbook" to educate peers on how to avoid financial scams and student loan pitfalls, encouraging side hustles to fund college without debt. This concept is being adopted as the new branding for the podcast's social media channels (Instagram, Facebook, TikTok). Solution-Oriented: Dr. Jordan Smith is developing a webinar and a model system to help people get out of debt quickly, aiming to pay off his own loans within three years. Podcast's Mission & Future: The "Teach, Lead and Expire" podcast, along with its growing social media presence (all organic), aims to be a "lifeline" for people, sharing solutions on how to save money and get out of student loan debt. Future plans include an app, monetization of social media channels, and working with "Internet millionaires" to structure the brand and introduce new income opportunities. Download the Teach, Lead, and Inspire App, available on Apple Store, and Google Playstore
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    39 m
  • S2 - Episode 16 - Technology Flashbacks & Car Sales Experience
    Nov 9 2025
    This episode of the "Teach, Lead and Expire" father-son podcast features Jordan and his son discussing the evolution of technology, personal career paths, and the dynamics of car sales. The conversation highlights the changing landscape of work and technology across generations, emphasizing values, resilience, and intentional living for building a lasting legacy. Here's a breakdown of the key points: I. Technology Flashbacks and Adaptability Early Technology Experiences (Dr. Jordan Smith): Recalls using chalkboards, then overhead projectors with plastic transparencies. Describes the laborious process of mimeograph machines in the Marines, where retyping full documents for edits was common. His pioneering role in adopting early computers in the Marine Corps (circa 1970s), leveraging his prior programming knowledge (Basic programming in 1972) to introduce word processing and printing. His first personal computer in Okinawa (Japan) cost $1300 and used cassette tapes for storage, followed by "Trash 80s" with floppy disks (5.25" then 3.5"), and later CDs. He learned to build computers from scratch to avoid proprietary hardware issues from brands like Dell, HP, Compaq, and Apple. This hands-on experience gave him an edge in understanding computer systems beyond just the graphical user interface (GUI), proving invaluable when he started teaching at age 50. Modern Technology (Jordan III): Built his own high-performance gaming PC, featuring a 2TB hard drive, 64GB RAM, i7 processor, and a 3070 graphics card. His computer building skills led to a tech support job at Apple, providing support for iOS devices, and later moving into workforce management. II. Career Reflection and Sales Philosophy (Jordan III) Career Crossroads: Jordan III expresses feeling stagnant and "capped out" in his current role, despite his background surpassing his current responsibilities. Motivation for Change: He seeks higher financial compensation to support his family, fund home improvements, and enable his wife to maintain her independence as a hairstylist and be present for their children. Sales Philosophy: The "Matchmaker" Approach: Views customer service as an integral part of sales. Challenges traditional "brass tax" sales methods, emphasizing a focus on customer satisfaction over personal commission. Believes in being a "matchmaker," connecting customers with products that truly meet their desires. Prioritizes creating a memorable experience and making customers feel valued, understanding that genuine happiness leads to referrals. III. Car Sales Compensation Models and Market Realities Dr. Jordan Smith's Car Sales Experience (1990s): Worked with Toyota, Honda, Cadillac, and Acura. Compensation structure: Typically a 25% commission on the profit margin (retail price minus dealer invoice). "Pack" deduction: An additional amount ($800 in one example) was often deducted from the profit to cover dealership overhead and management overrides. Draw system: Salespeople received an hourly wage (e.g., $8/hour) as a draw against their commissions, meaning they had to sell enough cars to cover their weekly pay. Jordan III's Car Sales Experiences: Hourly + Commission: Worked for an electric vehicle company (now bankrupt) that paid a lucrative hourly wage (e.g., $24/hour) plus commission (5-15% based on volume) for vehicles under $20,000. He once sold 35 electric three-wheeled vehicles in a month, capitalizing on rebates and the influx of environmentally conscious buyers in Oregon. Strictly Commission-Based: Another dealership offered no base pay; income was solely dependent on sales. Draw System: Similar to his father's experience, where an advance was provided until sufficient sales commissions were earned. New vs. Used Car Profitability: Jordan III notes that salespeople typically earn more money selling used cars because dealerships are often "upside down" on new vehicle inventory, leading to less profit margin for new car sales. He emphasizes that current dealership business models are antiquated, forcing customers to pay premiums to cover overhead. Sales Tactics: Both agree that many customers focus solely on the "monthly payment" rather than the overall price or interest rate. Finance managers significantly boost dealership profits by selling "back-end" items like extended warranties and various add-on packages.
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    33 m
  • S2-Episode 15 -Personal Finance Issues
    Nov 9 2025
    This episode of the "Teach Lead and Expire Father Son" podcast, hosted by Dr. Jordan Smith and his son Jordan III, focuses on candid discussions about personal finance issues and decisions, aiming to build a lasting legacy in health, wealth, and relationships. Key Personal Finance Lessons from Dr. Jordan Smith: Importance of Insurance: Dr. Smith emphasizes maximizing insurance coverage due to personal experiences with the unexpected deaths of his parents, who left behind minimal assets or insurance. He highlights his consistent choice to take the maximum SGLI (Service members' Group Life Insurance) during his military service and prioritize employer-provided insurance when available, especially before he had significant savings. Prioritizing Savings: He candidly admits living paycheck to paycheck for his first 40 years of working. A pivotal change occurred after age 50, leading him to implement forced savings (like the military's allotment system) by having money automatically deducted from his pay, creating a "Murphy's Law account" for emergencies. He stresses the "pay yourself first" principle and regrets not starting earlier. Homeownership Protection: When buying his first home, he purchased a house warranty ($600-700 annually) to cover major appliance repairs (e.g., AC, water heater), requiring only a $75 deductible per incident. Vehicle Maintenance: He advocates for buying used cars (to avoid initial depreciation) and proactively maintaining them to extend their life and save money. Jordan III's Experiences and Insights: DIY Skills: Jordan III maintains his bikes but finds his lifted truck difficult to work on himself. He acquired practical skills like automotive repair, woodworking, and plastics in high school, recognizing the value of these for saving money. "Worst Job" & Military Spouse Challenges: He recounts working undesirable, inconsistent jobs through temp agencies during a period as a military dependent. He highlights the difficulty military spouses face in finding stable employment due to frequent relocations. He suggests civil service jobs or internet-based businesses (like Mary Kay or Avon, if they have international shipping capabilities) as potential solutions for portable income. Business Ventures and Financial Strategies: Debt-Free Business Model: Dr. Smith mentions a cousin who chose Amway to build a business without incurring significant debt. He also explores small business loans for veterans/minorities and the liability protection offered by an LLC, but he personally aims to build his business debt-free. Book Writing as a Business: He discusses his process of writing books, transitioning from self-editing to hiring professional ghostwriters and editors ($1,500-$3,000 per book) for quality. These expenses are legitimate business write-offs, allowing him to legally offset income. Critical Discovery: Student Loan Interest and Payments: Viral Post on Loan Forgiveness: Dr. Smith shares a viral social media post about a veteran denied student loan forgiveness because her automatic payments were consistently "one penny short" for nine years, nullifying all those payments. Daily Interest Accrual: A major personal discovery for Dr. Smith was that student loans accrue interest daily. He found that paying his loan later in the month resulted in more money going to interest and less to the principal balance. Auto-Payment Pitfalls: He discovered that his own automatic payments, set for the 11th of the month, were incurring 10 additional days of interest (approximately $160 per month based on his loan's daily interest calculation of $16.43). This additional interest far outweighed the 0.25% interest rate reduction offered for setting up auto-payments. Customer Service Frustration: He faced significant difficulty trying to change his auto-payment date online or through customer service, encountering a representative who initially misunderstood his concern about the amountof interest paid versus the fixed interest rate. New Mission: Dr. Smith declared a new mission to educate people about daily interest accrual on student loans and the importance of paying on the first of the month to minimize interest and accelerate principal reduction. Conclusion: The episode concludes with an update on Jordan III's arm injury recovery, emphasizing resilience. Dr. Smith reiterates the podcast's mission to foster a lasting legacy in health, wealth, and relationships, strongly urging listeners with student loans to scrutinize their payment history and interest calculations. The episode features a spoken-word piece reflecting on the burdensome nature of student loan debt.
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    42 m
  • S2-Episode 14- Life Line Screening Results
    Nov 9 2025
    The episode of the "Teach, Lead and Inspire" podcast features Dr. Jordan Smith and his son, Jordan III, discussing the results of Dr. Smith's recent Life Line Screening examination. Dr. Smith openly shares his health history and the insights gained from the comprehensive health assessment, emphasizing the importance of intentional living and proactive health management for building a lasting legacy. Main Topic: The value and insights derived from a Life Line Screening, providing a detailed and comprehensive health assessment that goes beyond typical doctor's visits. Key Takeaways and Discussion Points: Motivation for Screening: Dr. Smith pursued the Life Line Screening due to concerns about his health, a family history of conditions like aneurysms, and a desire for more detailed explanations than his primary care physician typically provides. He also sought to understand the impact of recently discontinuing statin medication and lifestyle changes. Discovery of Statin Side Effect: After stopping statins, Dr. Smith noticed the numbness he experienced in his thighs and knees (which led to the discovery of his prostate cancer) began to disappear. Research revealed that numbness in extremities is a known side effect of statins, suggesting his prostate cancer discovery, though accidental, was linked to the medication's side effects. Life Line Screening Experience: Cost & Value: The screening cost around $160 (or $200 with additional tests like osteoporosis), which Dr. Smith found highly worthwhile for the detailed information received. Immediate Results: A complete lipid panel with cholesterol results was provided within minutes, a faster turnaround than typical doctor's visits. Educational Pamphlet: Participants received a pamphlet explaining each test, which Dr. Smith noted was superior to the lack of explanation often accompanying lab results from standard medical providers. Online Portal: Comprehensive results and educational resources were accessible via an online portal, detailing findings and offering lessons on various health conditions. Specific Screening Results and Interpretations: The screening assessed multiple areas, with results categorized as "normal" (blue) or "not in normal range" (red). Abnormal Aortic Aneurysm Screening (Red): This was the first flag noted, particularly significant given Dr. Smith's mother died from an aneurysm. BMI (Red, 25.1 vs. normal 24.9): Slightly above normal, but Dr. Smith dismissed it as negligible and influenced by measurement context (clothing, activity level vs. sedentary individuals). Blood Pressure (Red): Elevated during the screening ("lab coat syndrome"), but consistently normal at home, indicating it wasn't a true concern. Carotid Artery Disease (Plaque in Arteries) (Green/Red - Mild Incidental): The screening confirmed mild plaque in the right artery, aligning with a previously undocumented finding by his dermatologist. The report provided ultrasound images and explained different plaque levels (normal, mild, moderate, significant). Dr. Smith suspects his recent lifestyle changes (exercise, diet, supplements) contributed to the current "mild" status, and plans to follow up with his doctor to compare previous levels. Heart Risk/Cardiovascular Disease Risk (Moderate/Average): These were flagged due to family history (aneurysm), age (71), and personal medical history (past high cholesterol), rather than current critical issues. Osteoporosis: Low probability. Peripheral Artery Disease (PAD): Normal on both sides. Six for Life Health Assessment: A general risk assessment based on medical history. Risk for Congestive Heart Failure: Zero. Risk for Stroke: High, attributed to being African American, family history of high blood pressure and cholesterol, and age. Resting Pulse: Excellent at 53 beats per minute, reflecting consistent daily cardio. Risk for Diabetes: Zero. Risk for COPD/Lung Cancer: Zero, attributed to quitting smoking over a decade ago and annual CT scans. Lifestyle Confirmation: The results largely validated Dr. Smith's active and healthy lifestyle, including regular strength training, 35 minutes of cardio seven days a week, healthy nutrition, significantly reduced alcohol consumption, and no smoking. Overall Recommendation: Dr. Smith highly recommends Life Line Screening, especially for individuals over 30 to establish a baseline, and annually for those in their senior years, seeing it as a valuable investment in proactive health management. He praises the ease of access to results, clear explanations, and the educational resources provided.
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  • S2-Episode 13 - The Student Loan Trap for Educators
    Nov 9 2025
    This episode of the "Teach, Lead and Expire" podcast, hosted by Dr. Jordan Smith, focuses on the pervasive issue of the student loan trap for educators. Dr. Smith shares insights from his recent attendance at the California Continuation Education Association (CCEA) conference, where he discussed student loan experiences with fellow teachers. Key Points on the Student Loan Trap for Educators: Policy-Driven Debt (2001-2014): The "No Child Left Behind" (NCLB) Act of 2001, enacted under President George Bush, mandated "highly qualified teachers" and 100% student proficiency. This inadvertently pressured many educators to pursue master's degrees to retain or secure their positions. School districts, keen to maintain federal funding, often provided no alternatives, funneling teachers towards university master's programs. Teachers were told their bachelor's degrees were insufficient, forcing them into further education and debt. Mechanisms of the Trap: Ease of Access, Delayed Reality: Student loans were easy to obtain without credit checks or immediate payments, creating a false sense of affordability. Borrowers often only considered the initial disbursement amount, overlooking the compounding debt over multiple classes. Compounding and Capitalized Interest: Interest accrues while in school and during deferment, then capitalizes, adding to the principal amount owed, even before payments begin. High & Variable Interest Rates: Many borrowers, like an example from a TikTok video paying $1,500 a month for two years at a 17% interest rate, end up owing more than their original loan amount due to high interest, especially variable rates. Fixed vs. Variable Rates: The podcast highlights the critical difference, advising borrowers to choose fixed rates to avoid the unpredictable fluctuations of variable rates, drawing parallels to adjustable-rate mortgages (ARMs) that contributed to the 2007-2008 housing crisis. Lack of Borrower Understanding: Many borrowers fail to scrutinize their loan documents, interest rates, or the role of servicing agents, leading to uninformed decisions. Public Service Loan Forgiveness (PSLF) Failure: The PSLF program, intended to forgive loans after 10 years of payments for public service workers, is described as a "sham" that left many educators disillusioned as their loans were not forgiven as expected. Bankruptcy Ineligibility: A significant pitfall is that student loans, unlike most other debts, generally cannot be discharged through bankruptcy, making them a lifelong burden. Government vs. Private Loans: The discussion briefly touches on the distinction, noting that private loans typically offer fewer protections like forbearance or deferment compared to government loans (subsidized/unsubsidized). Broader Critique of Educational and Professional Standards: The hosts question the adequacy of minimum GPA requirements for high school graduation and professional fields like medicine and education, citing instances of individuals with low academic records becoming teachers or doctors. They criticize job application tests that include irrelevant advanced math, suggesting they are merely "thinning the herd" rather than assessing relevant skills. Dr. Smith contrasts the rigorous academic load of his Naval Academy experience (18-22 semester hours) with typical college loads (12 semester hours), emphasizing the demanding nature of his education. Resource and Future Discussions: Dr. Smith has authored a resource called the "Smarter Student Loan Playbook" to help people understand different loan types and strategies for managing student debt. Future podcast episodes are planned to discuss other major financial decisions and traps, including car purchases (maintenance fees, types of vehicles), home purchases (mortgages), and the financial planning involved in raising children. Get you you life line screening for early detection of health conditions not normally cheked by your doctor. https://bit.ly/lifelinescan
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