Comments on: $100k in Student Loan Debt: What I Did About It

By: Keith "Shin" Schindler

Keith "Shin" Schindler — Sun, 17 Jul 2016 22:33:51 +0000

I can’t imagine graduating with that much debt, but I did in a less expensive time; twice. The cost of education has rocketed unequally compared to other expenses and income. The old saying, “Education Pays,” seems to mean more for those making money off of education than those paying for it.

You’ve got great info for those in student debt, and for those with plain old debt. It’s a matter of deciding to do something, then doing it. Debt does not have to be forever.

Keep up the great work! Looking forward to hearing more about your current Side Hustle!

By: David Carlson

David Carlson — Sun, 17 Jul 2016 20:14:44 +0000

In reply to Tre. That's a great use of side income! Debt isn't fun, but it is pretty cool how it can motivate you to work harder and make sacrifices that you otherwise wouldn't make.

By: Tre

Tre — Sun, 17 Jul 2016 15:03:52 +0000

I finished grad school with over $90k in student loan debt. I’m still paying it off, but we made a lot of sacrifices to pay off a large portion of it. Generally, any extra income I earn (side hustle, bonus) goes straight to my student loan debt.

By: David Carlson

David Carlson — Sat, 16 Jul 2016 17:51:39 +0000

In reply to Chonce. Definitely! I also think those in their 20s and 30s are in a unique situation where they can sacrifice more so than those in their 40s and beyond. Beyond that I also think being driven and clued in on business/tech trends make it an ideal time to sacrifice some of your free time to potentially set yourself up through the future through eliminating debt, getting in a better spot financially, and maybe even launching a business!

By: Chonce

Chonce — Fri, 15 Jul 2016 13:34:34 +0000

I’m glad you’re sharing your story since a lot of people can learn from you. I agree wholeheartedly with what you said about sacrificing. It’s one of the hardest things to do but it’s crucial in terms of being successful with your finances.

By: David Carlson

David Carlson — Thu, 14 Jul 2016 23:15:14 +0000

In reply to Elliot @ Our Growing Wealth. It's definitely a "different world" over here and I've noticed that others from outside the US have trouble understanding how normal student loan debt is over here. It really has reached epidemic proportions and there's no end in site. Thankfully there is also huge opportunity for those who are willing to be disciplined and sacrifice.

By: David Carlson

David Carlson — Thu, 14 Jul 2016 23:13:03 +0000

In reply to Jason Butler. You're right about the temporary status. For some people it's more about starting a business that they WOULD like to go on indefinitely, but it doesn't mean you have to sacrifice your free time forever if you don't want to. Side hustles are what you make of them and I always encourage people to think about how they can integrate them into their lifestyle appropriately.