Taylor Kovar

Personal Finance, Investing, Small Business
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“Taylor Kovar is a highly sought after financial manager, author, and speaker who focuses on providing unique solutions to complicated financial situations for foundations, institutions, and families.”
Firm:

Kovar Capital

Job Title:

CEO

Biography:

Taylor is the CEO and founder of Kovar Capital Management LLC. After starting his finance career with a major Wall Street firm, Taylor decided to branch off and start Kovar Capital in order to provide his clients with a more personal wealth management experience. He has been quoted and published in a variety of different media on topics ranging from healthcare to youth ministry to technology to, of course, personal financial management. Before founding Kovar Capital, he was a key member of the team that helped launch and implement one of the fastest growing healthcare technologies in the United States, HealthTrust Software.

Kovar Capital is a luxury boutique wealth management firm nestled in the heart of beautiful downtown Lufkin. As fee-based, fiduciary professionals, Taylor and his team most often serve in the role of financial life managers for successful business owners, healthcare specialists, c-suite executives, and other public figures such as politicians and professional athletes. In this capacity, Taylor's team monitors, manages, and implements strategic plans for their client’s vast array of assets, regardless of their type or location. With a strong focus on providing truly holistic advice, taylor is committed to serving families and businesses with an exclusive wealth management experience.

His passion in life is to be the example of what a Godly husband, father, and businessman represents. He lives his life and treats others the way that he wants to be treated and it is this lifestyle that has made him a trusted advisor to individuals and businesses across the globe.

Taylor is married to his high school sweetheart, Megan, and they live in Lufkin with their two young children.

Education:

BBA, Finance, Stephen F Austin State University

Assets Under Management:

$100 million

Fee Structure:

Fee-Based

CRD Number:

6112979

Insurance License:

#1818235

Disclaimer:

The common sense disclaimer: This is a public website and questions are asked in an informal setting so all users should take into account that I do not know all of the details of your situation and as such cannot be held liable for your actions/outcomes/etc based upon my ideas.

All warranties/disclosures/privacy policy/terms of use/other legalise/etc can be found at http://kovarcapital.com/disclosures/

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    College Tuition, Debt, Investing
What are the best ways to pay off student loans exceeding $350,000?
71% of people found this answer helpful

Yikes. Sorry to hear these miserable student loans got their hooks in you. You don’t need me to explain why your situation isn’t ideal, so let’s just look at the options.

Many people would pretend this loan never happened and spend the rest of their lives running from collectors. I don’t advise you take this route, as the repercussions will haunt you forever. You don’t want to deal with wage garnishment and constant collections calls, not to mention atrocious credit and having to explain your situation to employers and landlords.

The other option is to work 20 hours a day, live off ramen, and try to speed up the payment process. To me, that sounds impossible, and it certainly won’t be enjoyable. If that’s the type of work ethic you have, give it a try; I think life is too short to let these loans dictate every minute of your day.

The last option is to take this one step and one payment at a time. Keep paying the minimum and fight as hard as you can to stay on the hardship program. For the time being, you just have to think of the payment the same way you do a monthly gas bill; don't measure it against the total balance. Just keep working hard, do what you can to increase your earning potential, and stay away from borrowing more if you can help it. You might not be able to get rid of the debt anytime soon, but that’s just the reality of your situation. 

If you can earn enough to cover all your bills, pay the minimum loan amount and still put some money in an IRA or a Betterment account, go for out. It’s going to be hard to invest substantially, so you need to put your money somewhere with limited fees, and you need to remember not to compare your investment to your debt, as that will be very discouraging.

You’re in a bind. There are no two ways about it. However, this is the beginning of your miraculous comeback story. When you get to the other side of this, it won’t be because you bought a winning lottery ticket - it’ll be because you worked hard, managed your money wisely, took advantage of every opportunity to up your earnings, and chipped away until you beat the debt.

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