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Optimal Finance Daily - Financial Independence and Money Advice

1292: How We Paid Off $127,000 of Debt in 4 Years by Jen Hayes on Frugality & Aggressive Debt Payoff

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.51.3K Ratings

🗓️ 22 September 2020

⏱️ 8 minutes

🧾️ Download transcript

Summary

Jen Hayes reflects on how she and her husband paid off $127k of debt in 4 years. Episode 1292: How We Paid Off $127,000 of Debt in 4 Years by Jen Hayes on Frugality & Aggressive Debt Payoff A few years ago, Jen and her husband were buried in $117,000 of student loan debt. Now, they've paid off over $100k of debt, and they're on track to have the rest paid off by the end of this year. Join their email list to get exlusive tips on how to save money, earn more, and live like no one else. The original post is located here: https://www.jenhayes.me/how-paid-127k-debt-four-years/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is optimal finance daily episode 1292 how we paid off a hundred twenty seven thousand dollars of debt in four years by Jen Hayes of Jen Hayes dot ME.

0:12.0

And I am Dan I'm here every single day reading to you from the best personal finance

0:17.0

blogs on the web. And if you enjoy this show, it would be great if you could share

0:21.6

this podcast with somebody today.

0:23.0

There's several ways you can do it. You can email them or text them a link to old

0:27.5

podcast.com slash listen. That's

0:30.6

OLD Podcast.com slash listen or even better if you're able to subscribe them to the

0:35.6

podcast right on their smartphone. It would mean a lot to us helps to keep the show going and growing.

0:41.8

But for now let's keep this intro nice and short and get right to

0:45.1

today's post as we start optimizing your life.

0:47.6

How we paid off a hundred twenty seven thousand dollars of debt in four years by

0:56.4

Gen Hayes of Gen Hayes dot ME.

1:00.4

We're debt free we've officially paid off off $127,000 of debt, $17,000 in student loans and a $10,000 car loan.

1:09.7

And that's just how much we paid toward the principal. If you factor in how much we paid

1:13.8

toward interest as well, we actually paid more than 150K. After four years of

1:18.8

hard work, sacrifices, and extreme frugality, we are 100% debt-free and it's an incredible feeling.

1:27.0

If you're new around here and aren't familiar with our story, here's a little bit more about us,

1:31.0

starting with the most obvious question, how did we accumulate so much

1:34.7

dang debt?

1:36.4

The short answer is that we made some dumb choices with our student loans.

1:39.6

I have a master's degree from an expensive business school and my husband started college at a

1:43.9

for-profit private school he later transferred to a public university I used my

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