Congrats QUEEN! My girlfriend is a RN. She's paid off 29k in two months and with a little help from bonuses and a god help us a timeshare cancellation refund. We're projected to be debt free by the new year.
Well done!!! I watch videos like yours everyday to be inspired. I am 3 months away from paying off my last loan 🎉 Your advice is spot on! Not everyone looks at debt the same, but boy oh boy the things one can do without debt should be motivation enough!
@@arielleyasmine thank you. I went to grad school at age 46, to get a teaching degree, years ago. I also left my husband and shared the raising of our teenaged boys. I was very broke for about 5 years. Paying those loans back has been a journey for sure- good times and bad, but I have persevered. Im 66 and retired, lol, and still owe $1500, but I see the light at the end of the tunnel!
That last part spoke to me! I go through phases of living life and phases of that anxious obsession crunching numbers (hence watching this video) when I know my plan by heart already 😂 Can't believe how many of us are in this
Congrats to you! I just started recently & so far I’m down to 104K from 108K. I’m going to refinance my private loans because the interest rate on those are at 14%. It feels daunting but I know I can do it! Thanks for this video & the motivation! Edit: It’s been 7 months since my original comment & I’m down to 90K left! 🎉
Thanks so much! Congrats to you for starting, that's one of the hardest parts. Starting at 120k I really felt like I ruined my life by going to law school, now that I see the light at the end of the tunnel I don't feel that way. Wishing you the best of luck on your journey 🙏🏾
Although I don’t completely disagree I feel with such big debt it also involves working extra hours in more than one job. Also becoming frugal for a couple years also helps a lot.
I agree that you have to live below your means. That is why I recommended coming up with a budget, when you write down needs vs. wants you can see where you can cut back. Extra hours depends on the salary you are getting from your 9-5
Not every job has flexibility to add other jobs. Some professional jobs have prohibitions on that, including some public interest jobs like judges, attorneys, federal jobs, etc. can’t just pick up hours or side hustle 😂
@@yagga8885 definitely, I believe for some jobs the side hustle can’t be similar to your full time job or the side hustle requires clearance from the company.
This video is super reassuring! Thank you for making this. Even though when I graduate I will only have about 25k in student loans, I have really bad anxiety about it and always have the worry of not being able to pay it off.
You're welcome! As long as you are on a budget $25k is not that bad, there are people like me out there with $100+k 😵💫. But I completely understand the anxiety that being in debt brings.
I totally agree. In my case, I am in debt due to law school NOT undergrad. Your advice is sound, but the cost of attendance for law school (on average) is quite high hence my debt. I did go to an in state school :)
I can't explain the amount of anxiety I had seeing those numbers when I started my journey, but if you remain consistent, I promise it will be okay. Wishing you the best of luck on your journey ☺
Hey girl ! You sound just like me today. I’m nearing graduation from grad school and I wanna pay these loans off in 2 years max ! Feeling very motivated, thank you for posting this !
Congratulations on graduating! It’s definitely the best feeling when you can say that you can pay off all your student loans. Wishing you the best on your journey 🫶🏾
I would also, don't do autopay. If you have multiple loans under 1 account, autopay distributes the loan payments amongst those. You want to pay each month and specify the amount per loan.
I believe you have to pay the amount they have portioned out per loan for you min. amount due. After that point you can dictate where the remainder of your money goes
@arielleyasmine Thank you for explaining this. I was wondering about that. Before COVID, I had the option on the Navient website to choose the loan to pay.
@@latashacannon4797 maybe it is different lender to lender. My fed loans got sold to aidvantage and you can specify loans but when I did that I still owed on the ones I didn’t pay for that month.
Hooray! Thank you for sharing your tips and advice 🌸 I am in the process of paying my loans down and taking my loans seriously so I can be done with them.
I'm about to get focused and develop my plan. I recently refinanced my private loans with Sofi and my payment went down 300 due to interest. It'll give me a better footing since I'm not fighting against a high interest rate
People can pay off debt much faster if they pay all of their accommodation costs towards paying off their debt and live in a minivan for 2 or 3 years eg vanlife Example - A person will usually have A car Mortgage or rent And debt Which if they pay for the car and mortgage or rent they will have little money left over to pay debt But if they live in a cheap 3k minivan they were already paying the costs of owning a car but now they can pay the whole mortgage or rent payment and utility bills and house insurance bills towards paying off debt which which will get a person out of debt fast because Car + mortgage + debt is 3 payments whereas Car + mortgage in to debt is just 2 payments A person can always buy another house later on when they are debt free
I don’t know how realistically feasible the example you provided is for most people but paying off debt is just math. You have to have money left over to be able to pay towards debt so the less expenses, the more money you have. Unfortunately, at the moment, many people are barely making ends meet. In my opinion, a person shouldn’t have to go through extreme measures like living in a van to pay back student loans.
@@arielleyasmine Depends on a person's lifestyle I suppose I've lived in a car and it was a fantastic enjoyable experience but it's not for everyone The modern generation are choosing not to borrow money these days to prevent getting in to debt etc too many people are too much in debt and many people will never be debt free There should be debt parties where people that are in debt can meet with others that are in debt
@@TheDomainNameGuythat advice is not sound advice and can’t and should not be the reality for majority of people. Not because you lived in your car means others should as well. I for one, will not live in a van just to pay off my expenses. Crazy smh
That's smart, I thought about the loans prior to law school but didn't have a clear plan on paying it back. It definitely took sacrifices but it pays off in the long run. I hope it all works out for you :)
Budgeting saved me, trust me, once you sort out where the charges are coming from and know where the money is going, you'll realize how much money you are wasting on junk.
I recently went back to zero based budgeting and it works! When I would have money left over, I didn’t have an explanation for where it went when I would spend it. Now I budget for a buffer to hold me over in between paychecks.
Congratulations, however this video was sorta of misleading. I am sure as a now lawyer, your income is high, which provides you with money to pay off more than the average minimum paid worker. You also mentioned “we” if you have additional family income, then you also have household income at your disposable. Most people that are truly struggling do not have these options thus the reason why they are not able to pay off their debts faster.
Hi, perhaps it was a slip of the tongue when I mentioned "we", there is no one paying off my loans but me. The intention of the video is to show a strategy that worked for me in paying off as much as possible given the income that I am on. I am not stating that everyone can pay as much as I did. This video was more intended for the mindset rather than the dollar amount.
The purpose of the video is to share a student loan payoff strategy that helped me pay off as much as possible while still accomplishing other goals. I didn't feel that spreadsheets were necessary
Congrats QUEEN! My girlfriend is a RN. She's paid off 29k in two months and with a little help from bonuses and a god help us a timeshare cancellation refund. We're projected to be debt free by the new year.
Thanks! 29K is A LOT in two months, wishing you both luck on your debt payoff, only a few months away!!
In two months?!
Congrats on paying off $100,000 🎉
Well done!!! I watch videos like yours everyday to be inspired. I am 3 months away from paying off my last loan 🎉
Your advice is spot on! Not everyone looks at debt the same, but boy oh boy the things one can do without debt should be motivation enough!
That's awesome, congrats 🎉
I have about 5 months to go.
@@Carolmaizy Congrats, I'm sure it'll be one of the best days of your life 😊
@@arielleyasmine thank you. I went to grad school at age 46, to get a teaching degree, years ago. I also left my husband and shared the raising of our teenaged boys. I was very broke for about 5 years. Paying those loans back has been a journey for sure- good times and bad, but I have persevered. Im 66 and retired, lol, and still owe $1500, but I see the light at the end of the tunnel!
@@Carolmaizy I'm so glad you are almost at the finish line so that you can enjoy the rest of your retirement!
I’m crying over 10k. Thanks for the inspiration 😭💕
You're welcome! Good luck on your payoff journey !
That last part spoke to me! I go through phases of living life and phases of that anxious obsession crunching numbers (hence watching this video) when I know my plan by heart already 😂 Can't believe how many of us are in this
I have tried to learn patience, but it is so hard! #we'reallinthistogether lol
Congrats to you! I just started recently & so far I’m down to 104K from 108K. I’m going to refinance my private loans because the interest rate on those are at 14%. It feels daunting but I know I can do it! Thanks for this video & the motivation!
Edit: It’s been 7 months since my original comment & I’m down to 90K left! 🎉
Thanks so much! Congrats to you for starting, that's one of the hardest parts. Starting at 120k I really felt like I ruined my life by going to law school, now that I see the light at the end of the tunnel I don't feel that way. Wishing you the best of luck on your journey 🙏🏾
@@arielleyasmineI'm happy you have a useful degree. I'm sorry for the suckers who went into lots of debt for stupid degrees
What's you salary
Although I don’t completely disagree I feel with such big debt it also involves working extra hours in more than one job. Also becoming frugal for a couple years also helps a lot.
I agree that you have to live below your means. That is why I recommended coming up with a budget, when you write down needs vs. wants you can see where you can cut back. Extra hours depends on the salary you are getting from your 9-5
Yup! I started working crazy overtime hrs and my husband worked on the weekends, and we paid off our private loan quickly.
Not every job has flexibility to add other jobs. Some professional jobs have prohibitions on that, including some public interest jobs like judges, attorneys, federal jobs, etc. can’t just pick up hours or side hustle 😂
@@yagga8885 definitely, I believe for some jobs the side hustle can’t be similar to your full time job or the side hustle requires clearance from the company.
@@yagga8885 but you shouldn't have to work extra for those due to having a decent salary. Therefore, living below your means would help.
Paid off my private law student loans under “duress” in less than a year, years ago. I now have $25k in federal. Can’t wait!
This video is super reassuring! Thank you for making this. Even though when I graduate I will only have about 25k in student loans, I have really bad anxiety about it and always have the worry of not being able to pay it off.
You're welcome! As long as you are on a budget $25k is not that bad, there are people like me out there with $100+k 😵💫. But I completely understand the anxiety that being in debt brings.
@@arielleyasmine You got this!
Kids. Go to college as close to home as possible. Go to public, in state schools.
I totally agree. In my case, I am in debt due to law school NOT undergrad. Your advice is sound, but the cost of attendance for law school (on average) is quite high hence my debt. I did go to an in state school :)
I’m on this journey right now. I am so ready to have my student loans paid off!!!
I feel you, just stay consistent and it will be over before you know it! I'm rooting for you !
Starting at 130k 😢 now. You are inspiring!!
I can't explain the amount of anxiety I had seeing those numbers when I started my journey, but if you remain consistent, I promise it will be okay. Wishing you the best of luck on your journey ☺
Congrats!!!!!!! I’m the same way! As soon as I graduate I’m knocking these loans out.
Good luck on your journey. Being debt free is the BEST feeling ☺
The best student loan payoff video I've seen. Thanks for exposing me to different budgeting strategies. A student loan update would be great
Thanks so much for watching! An update is coming in the next few weeks 🙂
Hey girl ! You sound just like me today. I’m nearing graduation from grad school and I wanna pay these loans off in 2 years max ! Feeling very motivated, thank you for posting this !
Congratulations on graduating! It’s definitely the best feeling when you can say that you can pay off all your student loans. Wishing you the best on your journey 🫶🏾
I would also, don't do autopay. If you have multiple loans under 1 account, autopay distributes the loan payments amongst those. You want to pay each month and specify the amount per loan.
I believe you have to pay the amount they have portioned out per loan for you min. amount due. After that point you can dictate where the remainder of your money goes
@arielleyasmine Thank you for explaining this. I was wondering about that. Before COVID, I had the option on the Navient website to choose the loan to pay.
@@latashacannon4797 maybe it is different lender to lender. My fed loans got sold to aidvantage and you can specify loans but when I did that I still owed on the ones I didn’t pay for that month.
Law school grad here too. About to start my student loan journey!
That's awesome, congrats on earning that law degree 🥳! Wishing you luck on paying down those loans 🙌 Thanks for watching
Yeah I started mine this month,I’m only 44k and that’s with two eliminated loans from Biden so I am grateful
That's awesome! I hope you can pay off the rest ASAP!
Amazing advice!! I’m nervous for my journey but I know it will be worth it in the long run. You are an inspiration, and Congrats on this achievement 🥳
Thank you ! I was in the same position three years ago, but you will be so happy that you started. Wishing you all the best on your journey 🫶🏾
Hooray! Thank you for sharing your tips and advice 🌸 I am in the process of paying my loans down and taking my loans seriously so I can be done with them.
Honestly compared to how I felt when started my journey, I feel a thousand times better and more at ease. Wishing you all the best on your journey 😄
Congratulations!!! 🎊🎉
Congratulations 🎊 👏🏾 💐 I hope to pay mine off soon!! ($18k)
18k is definitely doable, you'll pay it off in no time!
Congratulations! Thanks for the tips!!!
I'm about to get focused and develop my plan. I recently refinanced my private loans with Sofi and my payment went down 300 due to interest. It'll give me a better footing since I'm not fighting against a high interest rate
I know right! That interest will kill you! I really wish they capped it at like 3% or something. Good luck on your journey 🫶
Good job 🎉❤❤🎉🎉❤. You took your situation and you made it work. I am so happy for you. 😄😄😄❤️❤️💯💯
Thanks so much 💛
Congratulations 💐
TY ❤
Congrats🎉
Wowww congratulations thanks for sharing!!🎉🎉
🫶
Congratulations 🎊 👏 this is amazing 👏
Thank you 🙏🏾
People can pay off debt much faster if they pay all of their accommodation costs towards paying off their debt and live in a minivan for 2 or 3 years eg vanlife
Example - A person will usually have
A car
Mortgage or rent
And debt
Which if they pay for the car and mortgage or rent they will have little money left over to pay debt
But if they live in a cheap 3k minivan they were already paying the costs of owning a car but now they can pay the whole mortgage or rent payment and utility bills and house insurance bills towards paying off debt which which will get a person out of debt fast because
Car + mortgage + debt is 3 payments whereas
Car + mortgage in to debt is just 2 payments
A person can always buy another house later on when they are debt free
I don’t know how realistically feasible the example you provided is for most people but paying off debt is just math. You have to have money left over to be able to pay towards debt so the less expenses, the more money you have. Unfortunately, at the moment, many people are barely making ends meet.
In my opinion, a person shouldn’t have to go through extreme measures like living in a van to pay back student loans.
@@arielleyasmine Depends on a person's lifestyle I suppose
I've lived in a car and it was a fantastic enjoyable experience but it's not for everyone
The modern generation are choosing not to borrow money these days to prevent getting in to debt etc too many people are too much in debt and many people will never be debt free
There should be debt parties where people that are in debt can meet with others that are in debt
@@TheDomainNameGuythat advice is not sound advice and can’t and should not be the reality for majority of people. Not because you lived in your car means others should as well. I for one, will not live in a van just to pay off my expenses. Crazy smh
Yes girl I did my associates and bachelors out of pocket. But my Masters Im not feeling the loans. I want to pay half and use half loan for next year.
That's smart, I thought about the loans prior to law school but didn't have a clear plan on paying it back. It definitely took sacrifices but it pays off in the long run. I hope it all works out for you :)
I need to do the zero based budgeting because way too much is going to unknown places. I see charges and try to figure out what it is 😩
Budgeting saved me, trust me, once you sort out where the charges are coming from and know where the money is going, you'll realize how much money you are wasting on junk.
@@arielleyasmine im sure. I'm going to take time to do this today. Thank you
I recently went back to zero based budgeting and it works! When I would have money left over, I didn’t have an explanation for where it went when I would spend it. Now I budget for a buffer to hold me over in between paychecks.
@@aneshaelizabeth zero based budgeting is a life saver
Black queen
This Is Phenomenal 🙏🏿❤️🎉🍾
Thank you 🫶
Awesome job😊
Thank you !
3 years is too much how do i do it in 1.2 years? I dont spend on me anyways just chicken and rice for a year for me.
I can only share my story, if you want to pay off a large amount of loans in your timeframe, develop a strategy that works for you.
It take 3-4 years to pay off all student loans
I think it depends on the individual, their situation, and how much they owe. 3-4 years is not the average time for the majority of Americans
Super helpful
Hi, so was it that you loan in total 100k or it was the leftOver of your payment?
She is beautiful!
Great!
Congratulations, however this video was sorta of misleading. I am sure as a now lawyer, your income is high, which provides you with money to pay off more than the average minimum paid worker. You also mentioned “we” if you have additional family income, then you also have household income at your disposable. Most people that are truly struggling do not have these options thus the reason why they are not able to pay off their debts faster.
Hi, perhaps it was a slip of the tongue when I mentioned "we", there is no one paying off my loans but me. The intention of the video is to show a strategy that worked for me in paying off as much as possible given the income that I am on. I am not stating that everyone can pay as much as I did. This video was more intended for the mindset rather than the dollar amount.
I'm next🎉
Love to see it 🙌
🎉Hi congratulations 🎉
Hi! Thanks so much 🫶
@@arielleyasmine you're most welcome😊🙏🏽
When paying off student loan dont you lose years and considered a closed account?
Not sure I get what you mean
Yes, but your credit will recover and will be more of a benefit than carrying thousands in debt with high interest rates
❤
These videos never have spreadsheets lol
The purpose of the video is to share a student loan payoff strategy that helped me pay off as much as possible while still accomplishing other goals. I didn't feel that spreadsheets were necessary