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I paid off $81,000 of student loan debt, and quitting my 9-to-5 to take my side hustle full-time was a crucial step

Unfortunately, her story is similar to that of a lot of us college and graduate degree holders in terms of struggling with crappy hourly wages, low-salary pay and struggling to even find low-salary pay after graduation. It kills a lot of dreams of freelancing and entrepreneurship while significantly delaying others. Some of her statements about how much she was making don’t add up, i.e. she says she was making as much from her side hustle as from her day job, which I’d think put her at around $60,000/yr before becoming self-employed, but then she basically says she had never made $60,000/yr before. But that doesn’t change the point(s) and value of the story.

Gems:

I thought that if I could free up hours in my day, my side hustle could certainly out-earn my day job. But I still had $40,000 in debt at the time and I worked so hard to finally get stable employment.

 

My rent was $400 a month for a studio I split with my partner at the time and I didn’t have a car or health insurance. Maintaining that lifestyle — keeping my low cost of living even though I was making more money — and avoiding lifestyle inflation helped my payments go further https://impotenzastop.it/.

 

I quit my 9-to-5 in July 2014 and ended up paying my debt off in December 2015. Earning more helped me shorten my repayment period and save money on interest. It also gave me so much peace of mind to finally have my student loans off my back.

 

I paid off $81,000 of student loan debt, and quitting my 9-to-5 to take my side hustle full-time was a crucial step