Unlocking savings potential for high-income professionals.
Dr. Sharma, while earning a substantial income of $350,000 annually and diligently contributing to her 401k and backdoor Roth IRA, felt overwhelmed by her $280,000 student loan burden. She struggled to determine how much of any income increase or expense decrease should be allocated to debt repayment versus further investments, hindering her long-term financial goals.
By using the MPS Calculator, we analyzed Dr. Sharma's spending habits and savings patterns. We determined her MPS was relatively low at 0.15, meaning she only saved 15% of any additional income. We identified areas to increase savings by 5% of her income and used the Agent Labor Arbitrage Calculator to look at outsourcing some of the non-revenue generating tasks for her practice. Reallocating just 20% of that additional income towards student loan repayment accelerated her payoff timeline by 3 years. By looking at the impact of increased earnings and expenses reduced, we identified ways to aggressively pay down the loans.
The MPS Calculator was used to input Dr. Sharma's current income, savings, and projected changes. The Agent Labor Arbitrage Calculator was used to look at reducing costs within her medical practice.
$84,000 reduction in total interest paid on student loans and an additional $100,000 projected investment growth over the accelerated repayment period.
Selling your business is a marathon, not a sprint. Ensure your final marketing push maximizes buyer interest without breaking the bank by strategically using GRP. This calculator helps you optimize your advertising spend during this critical period.
Discover how a seasoned tech executive leveraged his knowledge and a passion project into a lucrative YouTube channel, significantly boosting his retirement fund. This case study reveals how he used data-driven insights to maximize his YouTube earnings.
Discover how strategic time management and a thriving freelance side hustle powered by the Billable Hours Calculator allowed the Millers to significantly boost their college savings fund and secure their children's future. This tool helped them transform evenings and weekends into a valuable income stream.
Learn how to maximize your inherited IRA's growth and income with our Holding Period Return Calculator. Discover strategies to evaluate investment performance and make informed decisions for long-term financial security.
