Student Loan Hindsight
- Created on 22 January 2015
Angela Melpolder is in her late 20's and having to weigh life decisions against managing a fairly large student debt load. She offers a transparent glimpse into just how much student loan debt can strain an early start in life for today's New Year New You 2015.
Angela is young and she's still single so she has a lot of flexibility to be aggressive and creative when focusing on dumping debt. Hindsight is definitely 20/20. Who among us wouldn't make adjustments now that we're older and wiser. I love her willingness to be open when discussing the challenges large loans pose.
After you read her interview, please pass this along to anyone who's considering significant debt to fund a college education. Hopefully Angela's hindsight will help a future college student approach loan funding with clearer vision.
Retire Debt Free
- Created on 21 January 2015
Annette Ramsey (no relation to Uncle Dave - as far as we can tell) is working on a goal familiar to many. She's dumping debt in advance of her anticipated 2021 retirement date. Annette provided insight on her in-progress debt dumping goals for this New Year New You 2015 profile.
Eliminating debt before retirement is a goal we all should have in common. Who wants to spend your golden years managing debt or worse dealing with harassing debt collectors if payment is no longer an option?
If retirement is on the horizon, do not believe debt freedom out of reach. One of my favorite debt free conversations involved Jeff Ehrlich of the Debt Free Squad. He and his wife reminded us it's never too late to begin dumping debt.
They began in their mid 50's and didn't finish until 60 and 61.
Saying "I Do" to Debt
- Created on 20 January 2015
Talaat and Tai McNeely of His and Her Money have a great communication skills now after 8 years of marriage. However, the smoothness was a little bumpy in the beginning.
That's nothing new. It takes time to build a solid foundation.
However, Tai - who's been debt-adverse since her sophomore year in high school - learned that her knight in shinning armor was $30,000 in debt right before saying "I Do".
How would you handle the news?
I love Tai's response to the surprise news as given below. The McNeelys share their pre-marriage-money-woes and debt free story for today's New Year New You 2015 profile.
Good vs Bad Debt Debate - It Begins
- Created on 19 January 2015
Trea Branch (of treastwocents.com) is kicking butt and taking names - as far as her student loan debt is concerned. Like many of us, Trea graduated with student debt without much concern or a plan to repay it.
However, after facing facts - she was $180,000 in "good" debt. Is there a such thing as good debt?
The bible teaches that a borrower is a slave to the lender. Any debt has the potential to add stress to your life and present as an obstacle to making financial gains. As such, be done with as much as you can - especially consumer debt - as soon as humanly possible. The good news is the enslavement is temporary, and you can remove the shackles whenever you're ready to get serious about dumping debt.
Trea is and she's today's profile for the New Year New You 2015 series.
Abundant Life After Bankruptcy
- Created on 16 January 2015
My buddy Craig Fossett of Fossett Financial pulled the curtains back on a particularly painful experience that millions of people face each year: bankruptcy.
Bankruptcy can seem like a failure of epic proportions, but it can also be a fresh start if the correct lessons are learned and necessary adjustments are made.
In this New Year New You 2015 profile, we take a look at how abundant life can be achieved after bankruptcy.
Same Team - Attack Debt, Not Your Spouse
- Created on 14 January 2015
Elle Martinez of Couple Money is in the midst of major life transitions. She's expecting her second bundle of joy and accelerating debt repayment intensity to put student loans in the rear view mirror. Working from home, raising children, and working through debt can put a strain on a happy home.
Elle and her husband make it work!
This New Year New You 2015 profile provides "real talk" advice on working with (and not against) your spouse to accomplish goals. The Martinez family practices a Same Team approach to dump debt as a family.
Serve Your Country Not Debt
- Created on 13 January 2015
United States military families face unique challenges as it relates to pursuing debt freedom and a firm financial future. I'm a former military brat (my dad served in the Air Force), but have no experience raising a family, fixing finances, or trying to build wealth while serving my country.