Find out where you stand financially and if you're on track to become a millionaire.   Financial experts Meagan McGuire and Sim Terwilliger explain how to evaluate savings strategies, balance debt with investments, and avoid overspending. You’ll also learn how understanding opportunity costs can help shape smarter financial decisions.   In today’s episode:   06:16 Calculate your current standard of living to estimate retirement expenses 16:03 Front-load retirement savings early in your career  21:45 Compare interest rates to prioritize debt repayment or investing 32:36 Use Investor.gov’s calculator to see where you’re at on your savings journey   Link mentioned:   Compound Interest Calculator   Like the show? There are several ways you can help! Follow on Apple Podcasts, Spotify or Amazon Music Leave an honest review on Apple Podcasts  Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning   Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!