1280: Squashing $215K in Debt in 48 Months with Cindy Zuniga-Sanchez, Creator of @ZeroBasedBudget

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 17 November 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After graduating law school in 2015 with $215,000 of debt, Cindy Zuniga-Sanchez committed to becoming financially literate and taking control of her finances. In 2018, she launched her social media account on Instagram, @zerobasedbudget, to document her debt payoff journey and simplify personal finance concepts. Cindy then founded her business, Zero-Based Budget Coaching LLC, where she speaks to thousands and coaches hundreds on budgeting, saving, debt payoff, investing, building generational wealth, and more. Cindy has been featured in national publications including Forbes, Good Morning America and The Rachael Ray Show. Cindy practiced law as a commercial litigation attorney before diving into full-time entrepreneurship. She is a graduate of Stony Brook University and obtained her Juris Doctor degree from the Benjamin N. Cardozo School of Law. She was born, raised, and currently resides in the Bronx, New York. Follow Cindy on Instagram and her website. Learn about her signature course: The Blueprint to Financial Freedom. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So, money episode 1280, Cindy Zuniga Sanchez, founder of Zero Based Budget.
0:07.0	You're listening to So Money, with award-winning money guru, Farnoosh Karabi.
0:12.0	Each day, in a 30-minute dose of financial inspiration from the world's top business minds,
0:17.0	authors, influencers, and from Farnoosh yourself.
0:21.0	Looking for ways to save on gas or double your double coupons?
0:25.0	Sorry, you're in the wrong place.
0:27.0	Sinking profound ways to live a richer, happier life.
0:30.0	Welcome to So Money.
0:33.0	My AHA moment was really when I realized after a year or one Farnoosh,
0:38.0	I paid $24,000, obviously, right 12 months, times $2,000 minimum payment.
0:43.0	I paid $24,000 to my student loans, $4,000 once a principal, $20,000 once at the interest.
0:49.0	That, to me, was my AHA moment.
0:52.0	It was more of my AHA moment for I need to get financially literate.
0:57.0	Our guest today wiped out over $200,000 worth of debt in a very short period of time.
1:03.0	Welcome to So Money. I'm Farnoosh Karabi. It's great to have you here.
1:07.0	Our guest is Cindy Zuniga Sanchez.
1:09.0	She is the founder of Zero Based Budget, where she is committed to helping millennial women,
1:14.0	particularly women of color, create a realistic money plan to achieve financial freedom.
1:19.0	And her strategy is a personal one.
1:22.0	After graduating from law school in 2015 with $215,000 worth of debt,
1:27.0	Cindy committed her to becoming financially literate and taking control of her finances.
1:33.0	In 2018, she launched her social media account on Instagram, Zero Based Budget,
	...

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