A sizable amount from a savings account and a small amount of money from a lawsuit settlement were the two methods that our guest today used to pay off her $62,000 debt in a little over a year.
Kiara lost her job right when she had a plan to pay off her student’s loan debt in 8 years or maybe 5 years if she worked hard enough. But that suddenly took on a different turn when she suddenly got fired and she had to sue her former employer.
Kiara shares how being an avid saver helped her pay off her debt faster even when she did not have a stable job. She also shares how the sacrifice of living at home helped her pay off her debt faster than most people.
Listen in to learn how Kiara has a principal of saving 10% of her income whether she is employed, underemployed, or unemployed.
You will also learn how she used the snowball method when consolidating her loans- which is basically paying off the smaller loans with the largest interests first.
What You Will Learn
- How did Kiara pay off her student loan debt?
- Outlining a debt-paying plan that could have seen her pay off her debt in 8 years or hopefully 5 years.
- What is the snowball method when it comes to making loan payments?
- How Kiara consolidated her loans and how it worked for her.
- Kiara explains how to go about to request for consolidation from the loan providers.
- How did she track all the payments she was making?
- The habit of paying herself 10% every month that made debt payments possible.
- How did she juggle getting fired, being unemployed, the lawsuit, and hustling?
- The power of utilizing gifts and having a side hustle.
- The surreal feeling of paying off her debt.
- Is it possible to have fun while paying off debt?
- Kiara shares how and where she finds all the amazing deals.
- What’s next after paying off her debt?
Resources Mentioned
- The Richest Man in Babylon by George S. Clason
- Focus Point Global
- Schlesinger
- Lucas Market Research
- Fusion Event Staffing
- ATN Event Staffing
- Havas Street
Thanks For Listening!
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