Our interest rates will put you in a good mood! With rates as low as 10.75%, SBI Personal Loan is the right solution for all your needs. To know more, visit https://bank.sbi/portal/web/personal-banking/personal-loans
DING DONG MY LOANS ARE DEAD💀
It is with immense pleasure that I announce the death of my student loans. On August 2, 2019, after 6 years, I finally killed them. It was a slow death but was worth every bit of the fight.
Let me tell you about my journey: It began in 2013, when I graduated with a total of 75K in student loans. I moved to New York, but I made sure to pay more than the minimums, which totaled to $1K a month. It was like another rent. I took jobs not based on what I really wanted but what could help me survive. I did this for five years straight. Even after a lay-off during this journey I hustled like hell and never missed a payment. It was more than most people can do, and I, a single, childless, able-bodied woman consider myself lucky. But still, I carried this burden alone. I never asked for or received help. No one ever paid my bills.
Then last fall, something in me broke. Maybe it was feeling like my life was on hold, but I just remember thinking I was DONE. I didn’t want to owe anyone anything more. I wanted to start saving for my future. A house. Kids. A life. So I made a decision—I’d become debt-free by 30. I’m proud to say I accomplished my goal 2 years early. In fact, I killed that last 32K in EIGHT months.
I cut my budget and lived off of less than a third of my monthly salary. (Turns out, packing lunches and not taking Ubers can save you a ton.) I worked my ass off at work and asked for raises, and got them. I worked three jobs at once, my day job and then side hustles. I walked dogs until my feet literally bled. In the cold. In the rain. In the heat. Nothing was beneath me. I babysat. I cat sat. I stayed up for 24 hours straight to make a few hundred bucks as a TV extra on shows they filmed overnight. I cut my food budget down to merely salad, eggs, chicken and rice. I said “no”—my God I said no—to making memories with my family and friends and prayed there would be other opportunities in the future.
Was it easy? No. Worth it? I’m smiling in a cemetery. 102K lifted from my back. You tell me. 1/3 📸@120ish
We want to be a part of your success! Now, with interest rates on SBI Education Loan as low as 8.25%, you can be on your way to greatness. To know more, visit https://bank.sbi/portal/web/student-platform #SBI#StateBankofIndia#Loans#EducationLoans
SWEET FREEDOM ✨🍾 Lots of people will see my story and say, see, if she could do it, so can you. But I don’t think that. Not everyone can do this. Maybe due to lack of jobs, ability or other compounding responsibilities, because truth be told, it’s a rigged game. Only those who play know it. But here’s the thing, people’s futures should never be a game. I celebrate my freedom but I don’t feel we student borrowers deserve the hardship that comes with these loans: high interest rates, sketchy providers, yearly tuition hikes, the list goes on.
My hope is that my story inspires people to say “no more” the best way they can. Maybe it’s by finally getting sick and tired and paying their debt off if they’re able. If you can do it, I support you. Maybe it’s by voting for policy that makes the system much more fair. Any little bit of action helps.
All I know is, this nightmare, this crisis, needs to end. Being open about my debt, and the hoops I had to jump through to get rid of it, is how I'm trying to help.
But after six long years, it's time to celebrate. I have my life back. I changed my life. I changed my future family’s life. I ended the cycle of literally "paying" simply for wanting a better future. For being a “have not.” Well not anymore. It’s all mine now. I'm free.
This was my face today while trying to navigate through my student loans...and quite frankly I wish I had that glass of wine while I was doing it. •⠀⠀⠀⠀⠀⠀⠀⠀⠀ @createcultivate has a blog post that shares some interesting data on women and their student loans as well as ways to deal with your debt.
Who's got tips for refinancing or lowering payments? I know I can't be the only one in need of some guidance!
24 10613 September, 2019
𝐃𝐔𝐀𝐋 𝐏𝐇𝐘𝐒𝐈𝐂𝐈𝐀𝐍 𝐏𝐄𝐑𝐒𝐎𝐍𝐀𝐋 𝐅𝐈𝐍𝐀𝐍𝐂𝐄 𝐓𝐈𝐏𝐒
Here is how we quickly paid off our medical school loans:
✅ We changed our mindset. Debt is a disease. And we were diabetics with a ⏫ HgbA1c. After hitting rock bottom, we stopped trying to “keep up with the Kardashians.”
✅ We scrutinized our spending and tracked EVERYTHING. It’s eye opening.
✅ We set a daily spending limit we rarely went over. And we didn’t use 💳 unless we could pay off immediately.
✅ We stopped overspending. Bye bye cable, Amazon purchases, Starbucks, Target runs, and eating out.
❗️With those changes, we were able to free up 💰. A good budget is giving yourself a RAISE, and we used it for loans.❗️
✅ We tackled high interest loans 1st and then debt-snowballed.
✅ We used pre-tax dollars towards healthcare, cell phones, and mileage as private practice owners.
✅ Every.single.bonus. was used for loans.
✅ We learned the language of finance. Learn what AUM, fiduciary, pre/ post-tax dollars, IRA, 401K, backdoor Roth, and what 529 means.
✅ We read “The White Coat Investor” and "The Doctor's Guide to Eliminating Debt.”
✨Remember, it’s not how much you make, but how much you KEEP. If you are saving 50% , you are better off than "millionaires" that spend it ALL✨
Finally, personal finance is PERSONAL. What worked for us, may not be applicable to you.
What questions do you have? Post below! 🙏🏼
Now, your dream car is within your reach with interest rates on SBI Car Loan as low as 8.70%. To know more, visit https://bank.sbi/portal/web/personal-banking/sbi-new-car-loan-scheme #SBI#StateBankofIndia#Loans#CarLoans
The cost of a student loan is so much more than what meets the eye.⠀⠀⠀⠀⠀⠀⠀⠀⠀
Picture it: You’re young, so you take out student loans to major in something you’re passionate about. You’re hopeful about the future—and then you have to make payments for up to 21 years, depending on your repayment plan.⠀⠀⠀⠀⠀⠀⠀⠀⠀
That’s a lot of life to spend being weighed down by debt.⠀⠀⠀⠀⠀⠀⠀⠀⠀
But there is another way... #DEBTFREEDEGREE Coming Soon.