COVID-19 Response

Using this method gave us so much motivation and a very positive feeling whenever we paid a loan balance off!

Using this method gave us so much motivation and a very positive feeling whenever we paid a loan balance off!

You can make probably around $400 a month, sometimes even more when there is a promotion going on! Each donation, depending on the place, will take around one hour total and you can donate up to twice in one week.

It was so easy , just had to lie down there and could read a book or play on the phone.

I still donate plasma sometimes when they have a good promotion, but now the money I get is my “freedom/fun money” lol.

7. Found higher paying job

I always worked full time while going to school full time. During my time at college, I moved up the ranks to a supervisor position when I first got married. Then to an account manager during the last year of my bachelor’s program. I then became a product development specialist after the first semester of my MBA.

Each position change gave me around a $15,000 salary increase. In total, I had around a $30,000 salary increase during school! I would rapidloan.net/installment-loans-ok/ quickly move to another position once I became comfortable with my job responsibilities and look for opportunities to expand my knowledge and skills.

8. Employer tuition reimbursement.

The company I work at as a product development specialist is amazing. They offered me $3000 each year of tuition reimbursement.

9. Other student financial aid.

After getting married I received some grants so for the remainder of my bachelor’s degree, I didn’t pay any tuition at all.

10. Debt Snowball.

While we were saving and paying for my MBA tuition, I still needed to pay off the student loans left from my bachelor’s degree. We used the debt snow method to get it.

First, we listed out all the balances and then paid them off from small to big, ignoring the interest rate.

Then what happened later was the COVID student loan relief plan where the interest rate became zero during a certain time period. We were able to save a lot on interest from that relief plan.

11. Sold our first rental.

After thinking long and hard, we both feel peaceful with selling it. Around the last year of MBA, we sold our first property. I used part of the profit to pay off the rest of the student loans we owed.

It was an amazing feeling to be able to use cash to pay off the rest of my MBA tuition.

Although the journey was not the path of least resistance, it was the biggest relief for us to pay off all student loans, we felt amazing and free!

No pain, no gain! We really like what Dave Ramsey has said, “live like no one else, and then live like no one else”! Below is a recap of the 11 steps:

Start investing early and start now, you will see how miraculous it is and how it grows like crazy over time! Numbers won’t lie, see below –

The average monthly student debt payment in the USA is around $400 a month. If you instead invest $400 a month in a reliable fund (like SP 500) with average an average return of 12%, you will have around $92,000 in 10 years and ONE MILLION in 28 years!

I know someone who wanted to buy a house but couldn’t qualify because of the huge student loan debt they had and needed to pay down the loan balances first.

The housing prices went up a lot when they finally qualified for a house loan. It was so sad! We hope our experiences and tips can help each one of you!

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