#MotivationMonday: This couple paid off 130k in debt in just three years!
“Wow! It feels like October of 2016 was just yesterday! We are beyond blessed to announce our debt freedom. First and foremost thanks to God for his direction and protection along this journey. Also, thanks to our family and friends for supporting as well.
This 130k consisted of student loans (majority), credit cards, car loan, medical credit card 👈🏽 why does this even exist, lol but we were fairly normal.
We can say things feel different now that we’re finished. It’s like the toxic cloud of debt no longer exists above our heads and shackles have been removed! Major shoutout to our growth as we learned so much about ourselves throughout this journey.” (📷: @blacksheeppriorities)
3 weeks ago
I know this may seem obvious, but I think so many people are stuck thinking in the "payments" mindset. Here's a list of stuff that will NOT get you out of debt:
• Debt consolidation
• Loan deferment
• Lower interest rate
All that stuff is just pushing peas around the plate. It makes you feel good because it feels like doing something, but it's not. If you owe 40 grand, you gotta pay 40 grand. Changing the payment, rate, number of loans, etc. ain't gonna make that 40 grand go away. The way to make it go away? You gotta eat your peas. Give them 40 grand. And the more you play those games, the more you're focusing on the wrong thing. That may mean you're in debt longer and missing out on a huge opportunity to build wealth.
So when people ask me if they should consolidate, refinance, defer, etc. I remind them that it's important to stop focusing on the payment and focus on the total amount. And create a plan and go HAM on it to get that to zero. If you're doing that and consolidating will save you a few hundred bucks, for a few hours of your time? Sure, why not. But don't fall for the illusion that you made progress by doing that. Remember the only way to actually get rid of the debt: pay it off.
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.
#debtfree #studentloans#debtfreejourney#pushingpeasaroundtheplate#carpayment#loans#borrowing#hamintense #personalfinance #payments #mindset
The year is about to end and I couldn’t be anymore thankful, for the life I am pleasured to live. God has truly blessed me with a vision I love waking up for daily. I live for helping others and creating memorable milestones in people’s lives. Don’t forget to spread the love and have faith towards others🤍
4 months ago
🚨 NEW VIDEO ALERT 🚨
Why I do these videos in my car? I don’t know LOL it’s when I’m not checking emails, with a client or on the phone and I get inspired.
CAN YOU APPLY FOR A HOME LOAN AND LEAVE YOUR HUSBAND/WIFE OFF OF THE LOAN. Watch for more details..... 😊
2 months ago
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
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1 week ago
If I could dress in coats and turtlenecks all year long my IG would be fire!!😂🙃
1 week ago
When I look into your eyes I see purity, beauty and most of all serenity. You are the light of my eyes and I never imagined this love. I will cherish and protect you forever!
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.
1 week ago
Today & Everyday, I’m thankful for you in my life because you encourage me to be the best version of myself! You’ve helped me grow and accomplish my career goals with your love and support. Thank you for always believing in me, even when I didn’t think I could! I love you 💙
Six figure debt can feel defeating and impossible to dig out from under. You can pay off 6 figures of debt and you can change your life. This year was full of changes and I’m finally able to afford moving out of my parent’s house, the cutest puppy I could ever imagine, and spending money on the things I value most. I’m sharing all of the details of the last year and my plan for the next year on the blog, link in bio!
The process of going to college today is more confusing and expensive than ever. Most people I talk to don't even know where to start. The process feels mysterious, and they're unsure of even what questions to ask. No one ever sits a parent down and explains, "If you want your student to go to that university, then you have to do this.
That's about to change with my new book…. #DebtFreeDegree
4 weeks ago
These past couple of weeks have been non-stop work, while some office peeps have been vacationing all over! I won’t deny the fact that at times, I scroll thru IG watching you all LYBL...while I’m working late🤣😭😂 It’s always great to ground yourself and keep daily reminders that the only competition you have going on is with YOU & only YOU.
Alright guys...now stop posting your fun vacays 🤪🤣😁
A few weeks ago I started to analyze my life, my thoughts and physical appearance, which I must be honest at the time, I was unhappy with myself. I felt that I could be DOING more. I am VERY hard on myself.
After having my baby Arya, I slowed down with work only because I was trying to figure out motherhood and prioritizing my family.
I finally feel back to normal, full of energy, started the gym and killing at work! GOD IS GREAT; It starts with me and it ends with me! “I love my body, I love my skin, I am a goddess, I am a QUEEN” -Jessie J
🏆 Real People, Real Results!!🙌🏾 Who else wants to change their credit scores this ?
Let me help you get closer to being approved with the Credit Scores You Need.. Text "Credit Repair" to 314-398-5467 to get started.
Debt free in <𝟓 𝐲𝐞𝐚𝐫𝐬 post graduation from residency! I decided that I did not want to continue to pay interest on money from school loans. Here are steps I took to reach my goal of financial freedom.
💸 Pay off the interest lump sum. When you finish school or residency, you will have a grace period of ~60-90 days. The interest owed is calculated. If you choose to not pay, that interest will get added to your principal and you will pay cumulative interest. Pay it off and save a few thousand dollars!
💸 Hire a financial advisor that specializes in your field to factor in malpractice, disability, retirement, investments, etc. Find someone that you trust to help diversify your portfolio.
💸 Refinance your student loans. If you want to pay them off aggressively, certain companies will drop your interest rate by a considerable amount.
💸 Create a budget that includes an emergency fund that covers your lifestyle for 3 months. Factor in fitness, travel, bills, groceries, gas, holiday spending etc. Stick to that budget!
💸 Resist the urge to splurge. Examples. I drove my beloved 6 speed, manual, turbo, VW GLI that was paid off, for 9 years before upgrading to my Benz. Invest in a coffee machine of your choice that brings your fancy cup of Joe down to <$1 instead of >$3. Try @nespresso
💸 Treat yourself. Although I focused on paying off my loans, I still bought the Gucci bag I had been eyeing for all of residency and finally dove the Great Barrier Reef. It’s OK to set money aside for items or experiences that you really want because you only live once!
In the end, you have to make financial choices that fit your lifestyle, budget and help you live your life to the fullest!
Share your tips below 🧐 📸 @shabayeb
1 month ago
Last week was all about me and I enjoyed everyone who pampered me with love, messages and outings! Extremely thankful for my friends & family! I love you all❤️ BTW I was feeling great, which hasn’t happened in a bit after Baby weight😂🖤
Cannabis stocks🌱, collectively the bane of everyone's portfolio. Have all cannabis stocks been collectively preforming poorly? or is it just sector weight?
Answer is a bit of both, as results are posted the sentiment 'assumes' similar results from those yet to release.
Yesterday Canopy Growth ($CGC // $WEED) missed📉 earnings by 200% , sending shares down as much as 20% and dragging the entire sector down with it.
AFTER the bell yesterday, $ACB reported their earnings already down as much as 11% with no more info other than Canopy's report fueling the drop. $ACB reported a 130% BEAT 📈on revenues vs. Canopy's 200% MISS.
$ACB - Posted 130% earnings BEAT📈, and a PROFIT of $0.01 per share. Stock down 16.8%
$CGC- Posted 200% earnings MISS📉, and a LOSS of $0.87 per share. Stock down 17.0%
Share price is determined by YOU and ME , not by the actual company or its actual value. Weed stocks are top holdings in Robinhood, where new millennial investors with no commissions are buying and selling like wildfire , daily, hourly , every couple minutes.
Look at the numbers , make your own mind up. DO BOTH these stocks deserve to be down the SAME amounts? Which presents the better opportunity? which would you rather own?
🌱💰Follow @shadow_investing for more free Stock tips.
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