If you’ve recently graduated or about to graduate from college, you may not be thinking immediately about how to build wealth and save for retirement one day, especially if you’re also carrying tens of thousands of dollars in student loan debt.

For many individuals, the challenge of managing student loan debt while striving to build wealth can feel overwhelming.

However, with informed strategies and expert guidance, it’s possible to make progress on both fronts, according to Dr. Jeff Jones, associate dean of finance, economics and risk management at Missouri State University. He shares his valuable insights with Bankrate.