How to pay off private student loans faster | 6 tips
Learn how to pay off private student loans faster with these tips. Almost a decade ago, I was trying to buy a house and it was tough because of my student loans. I was already paying on them but I was doing the bare minimum. Meaning I was making the minimum payment. But I realized that I needed to start doing more once I got the pre-approval amount. It was very low for the area for that I was looking to buy in which is really put things into perspective.
Despite that, I kept going on my journey to look at houses. But when my offers kept getting denied, I knew I had to do something. So my lender and realtor at the time encouraged me to take a break from home searching and pay off some of my loans. But I decided that I wanted to go from broke to financially free. I decided to pay off all of my student loans! I made a plan to get it all done in two years, but I did it in 18 months.
If you’re looking for debt free journey motivation, then you are in the right place. I will give you some 6 tips for paying off your student loans early. This helped me get out of living paycheck to paycheck on six figures. well actually, I wasn’t making six figures back then but I like to think I was close. my goal was to get it to a good point before I restarted the homebuying journey. And doing that helped me to get the best interest rate, and the best home, and the best seller incentives.
I am so happy with my home and I’m also setting a foundation to purchase more properties. Getting rid of high-interest debt is a game changer. Whether it’s student loans, credit card debt or your car - every little bit helps. Enjoy the video!
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[VIDEO] 3 Things I Do With Every Paycheck: https://www.youtube.com/watch?v=34B2M14zWq8&t=0s
[VIDEO] 5 Things I Wish I Knew In My 20s: https://www.youtube.com/watch?v=siCJ1cqT53g&t=0s
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Open an HYSA and get an extra 1% back in interest: https://www.marcus.com/us/en/savings/referral?referralcode=JOS-2LH-CT84
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The #1 Workbook for first-time homebuyers: https://www.maximizedmoney.com/ready-to-own
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Relevant videos:
5 Things I Wish I Knew In My 20s: https://youtu.be/siCJ1cqT53g
5 Money Moves I'm Making In My 30s: https://youtu.be/SJvfzxhdAIQ
Does student loan debt impact you from buying a house? Yes: https://www.youtube.com/watch?v=G8f2_d63a2E&t=0s
My debt free journey: https://www.youtube.com/watch?v=C0Tyt3n7PCY&t=0s
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More resources:
Book an "Ask Me Anything" one hour personal finance session: https://stan.store/maximizedmoney/p/book-a-11-call-with-me-8tuxg
Open a Chase Sapphire Preferred travel credit card & earn 60,000 points: https://www.referyourchasecard.com%2F6f%2FS9MGK26U1M&v=4kZeCxZqZ1E
Open an HYSA and get an extra 1% back in interest: https://www.marcus.com%2Fshare%2FJOS-2LH-CT84&v=4kZeCxZqZ1E
Instagram (we have lots of fun over here): https://www.instagram.com/maximized.money
TikTok (we have even more fun over here): https://www.tiktok.com/@maximized.money
The #1 Workbook for first-time homebuyers: https://www.maximizedmoney.com/ready-to-own
Ready to find the right real estate agent for you? Download my free checklist for questions to ask: https://www.maximizedmoney.com/homebuyer-checklist
Want to get your finances together for your big home purchase? Join my free Homebuyer Goals Challenge:
https://www.maximizedmoney.com/homebuyer-goals-challenge