Student Loans Part 3: The Big Dilemma–Invest or Pay Them Off? (Ep. 126)
If you’re a law firm owner staring down a mountain of student loans, you’ve probably asked yourself: “Should I throw every extra dollar at this debt, or is my money better off working for me elsewhere?” Maybe you find comfort watching that loan balance shrink, or perhaps the thought of missing out on big investment gains keeps you up at night.
You’re not alone and you don’t have to figure it out on your own.
In the latest episode of The Lawyer Millionaire Podcast, host Darren Wurz digs into this exact crossroads. Forget the guesswork and gut feelings. Darren combines behavioral science, real math, and plain-spoken strategy to help you make your smartest move yet.
This episode covers:
- The true cost of paying off student loans versus investing for the future.
- How to run a break-even analysis to see what makes more sense for your bottom line.
- Why mindset and emotions are just as important as the numbers.
- The impact of behavioral biases such as hyperbolic discounting when making financial decisions.
- Practical decision frameworks to help you align your financial choices with your long-term goals.
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Resources:
Connect with Darren Wurz:
- Schedule a Call with Darren
- The Lawyer Millionaire Website
- The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence by Darren Wurz
- LinkedIn: Darren P. Wurz
- Join The Lawyer Millionaire Founders Network and Book Club for Free
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