[MRM]

It’s important to consider the scale of this young man’s income. He’s grossing between $40,000 and $50,000 per MONTH. At 7% his $300,000 loan incurs about the equivalent of two weeks’ salary. He is not in a position where he should be eating beans and Mac and cheese. He’s in a category beyond just setting up a 401(k) (that he’ll max out in less than a month) or keeping an emergency fund.

He needs advice on how to manage an income stream that will soon build to $100,000 a month, selecting disability snd life insurance that makes sense without wasting money, managing his cash cushion with bond ladders, investing to minimize taxes, and a million other things that go with great wealth. And he’s doing it having gone from zero income to the top 1% overnight. His biggest risk is the opportunity cost on the savings that will be inevitable with his income.