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Meet "The Money Doctor"

About Frances Rahaim, Ph.D.

Frances Rahaim, Ph.D., founder of HUG Your Student Debt, Inc.,™️ and author of “Debt or Alive: Uplifting Stories and Positive Solutions for Life After Debt”, has devoted more than 30 years to helping individuals and businesses manage their finances successfully.

A problem-solver at heart, Rahaim is passionate about dispelling the stigma surrounding debt and alleviating the stress many individuals experience about managing money. Utilizing proprietary software and financial coaching Rahaim and her team help clients improve vital money management skills, to achieve their short and long-term goals.

Dr. Rahaim is adept at understanding complex situations, understanding the human condition relevant to money management, and finding creative solutions to difficult financial issues. Over the years she and her staff have assisted thousands of people with myriad financial challenges, but it’s the heartfelt stories students and parents have shared that kindled her passion in addressing what she recognizes as a travesty – the Student and Parent education debt crisis.

To address this nuanced and complex issue, Rahaim was inspired to develop an affordable, user-friendly solution to managing education and all other debt simultaneously, while providing access to financial coaching for long-term success. The result is HUG Your Student Debt, Inc., a positive, secure environment where students and parents have access to the valuable, objective information and support they deserve.

Statistics clearly show that students are experiencing the negative effects of overwhelming debt, often receiving help in the form of lower payments. While reduced payments are appealing and often necessary, the payoff date is postponed substantially, causing students to pay far more in interest than originally projected.

Further, the high cost of education is increasingly threatening parents’ financial security and retirement lifestyle. Parents are shouldering payments on cosigned loans, Parent loans, ongoing college expenses, and in some cases, post-graduation living expenses. Many parents are still paying on their own student loans too! Refinancing homes, and utilizing retirement savings to fund higher education, can derail years of retirement planning and delay that once projected retirement date – for some, indefinitely.

A Brief Background

At age 43, life-changing events motivated The Money Doctor to review her personal finances from a fresh perspective. Her research quickly revealed that the Registered Investment Advisor and Insurance Broker training she received had focused too narrowly on investment strategies, insurance, and risk management, with virtually no consideration for comprehensive debt management, budgeting, and other areas of personal finance. The root of the deficiency may be intrinsic. Corporations and banks, the same entities responsible for training financial professionals, profits greatly through investments, lending, and long-term recurring payments.

Now, viewing personal finance through a different lens she made a discovery which would change the way she interacted with clients forever. Retiring ALL debt early—not just credit card debt—improves lifestyle and has a dramatic, positive effect on retirement planning! Consequently, in 2008, she launched a credit-savvy, debt-management and financial coaching program, assisting clients to become debt-free, budget wisely, build emergency reserves and rejuvenate their retirement dreams.

“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson
The road to success is always under construction
– Lily Tomlin
“What I would like to do... once I take care of all my kids' student loans, is buy a red 1965 Mustang and fully restore it.”
– Mike Quigley
"If we don't change direction soon, we'll end up where we're going."
– Irwin "Professor" Corey
"There is scarcely anything that drags a person down like debt."
– P. T. Barnum
"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
"Nothing in life is to be feared. It is only to be understood."
– Marie Curie