395 | The Debtist Finds Balance in FI

ChooseFI

Brad Barrett | Choose FI Media

Financialindependence, Investing, Firemovement, Passiveincome, Frugalliving, Personalfinancepodcast, Daveramsey, Careers, Business, Earlyretirement, Habits

4.8 • 5K Ratings

🗓️ 19 September 2022

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode: student loans, the impact of knowing, navigating the pandemic, the power of planning, and the freedom of FI!

Tens of millions of people deal with student loan debt, and even with the recent news of loan forgiveness, there are still many who are left unequipped with the knowledge of the best ways to repay these debts without sacrificing from their lifestyle. Today we are rejoined by Samm, aka “The Debtist,” to get an update on how she has been navigating paying off her student loans, as well as how her financial mindset has changed over the last 4 years. Just because you take on debt does not mean you have to deprive yourself of the life you want until the debts are paid off! By changing your mindset to one of abundance of opportunity rather than scarcity of opportunity, the path to FI can open many doors for you! Paying down your loans, entering into new professions, and not letting your money control your ability to find happiness are all just examples of what is possible while getting yourself out from debt!

The Debtist:

Website: The Debtist
Instagram: @thedebtist

Timestamps:

1:25 - Introduction
1:50 - Sam's Student Loan Story
6:34 - Switching From IBR and The Impact of Knowing
10:48 - Navigating the Pandemic Pause
14:06 - The Freedom of FI
17:45 - The Aftermath of the Pandemic
24:56 - The Doors You Can Open By Shutting One
30:51 - The Power of Planning
38:18 - The End of the Pandemic Pause
46:35 - Conclusion

Resources Mentioned In Today's Conversation:

More Helpful Links and Resources:

Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy
Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
Track your personal finances with Personal Capital
Keep learning or start a new side hustle with one of our educational courses
Slash your cell phone bill without sacrificing service with Mint Mobile

Transcript

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0:00.0	Hello and welcome to Choose a Fi.
0:02.0	I'm your host Brad Barrett, and today we have a returning guest.
0:05.6	We have Samantha, who is known as the Debtist.
0:09.6	So she was on episode 98 way back when actually four years ago.
0:13.8	And Sam is a dentist who took out $550,000 worth of student loan debt,
0:21.8	hence the title, The Debtist.
0:24.0	So yeah, I'm really excited to have Sam back on the show to just get an update
0:28.6	on where she's been over the last four years, how her debt repayment has gone,
0:33.6	and just a general life catch up.
0:35.7	So welcome to Choose a Fi.
0:38.0	You're listening to Choose a Fi radio.
0:42.7	The blueprint for financial independence lives here.
0:53.4	If you're looking to unlock the secrets to financial independence,
0:56.9	and early retirement, you're in the right place.
1:00.2	Stay tuned and join a community of like-minded people who are getting all things to do,
1:05.1	and taking control of their lives in the pursuit of financial independence.
1:09.4	Choose a Fi.
1:10.6	You're home for financial independence online.
1:13.6	Sam, welcome back to Choose a Fi.
1:19.1	It's so great to have you back.
1:29.1	Thanks, it's nice to be back here.
1:30.8	Yeah, this should be fun.
	...

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