Student loan debt is a major problem in America. In fact, it has now exceeded $1.6 TRILLION! With the cost of a college education continuing to rise at unprecedented rates, many millennials and those in Generation Z are forced to face a reality in which they may spend years trying to pay off their student loans. On this episode of the show, Josh Hastings of MoneyLifeWax.com, hops on to share his story and how he and his wife were able to pay off $262,000 of student loan debt within less than 4 years. Josh shares how they managed to achieve this truly remarkable feat, along with some of the lessons he has to share with anyone who may be in a similar predicament. This goes to show that with hard work and discipline, anything is possible. Enjoy!
To connect with Josh and learn more, feel free to check him out at any of the following links:
Pick up a copy of Chase's book here: https://www.amazon.com/dp/1082783188
In this episode, we cover:
- Josh and Lauren's student loan story
- Importance of eliminating friction and working together to tackle goals
- Makeup of their loans
- Their incomes over this period
- Other debts they carried
- Influences in their life
- Top tips/lessons from this experience
- Biggest strategies that worked for Josh and Lauren
- Sacrifices they had to make
- Final lessons/advice
To learn more about how Josh and Lauren leveraged a HELOC, check out the following article: https://moneylifewax.com/heloc-student-loans/