Crush Debt Fast (While Staying Motivated)

Life Kit

NPR

Health & Fitness, Self-improvement, Kids & Family, Education, Business

4.3 • 3.9K Ratings

🗓️ 7 August 2019

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

It is possible to get out of debt fast, but it's a gritty marathon to get to a better place. Here's how to keep up the momentum.

Transcript

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0:00.0	There's this moment when you realize you're in really big debt.
0:03.8	And we're not talking about like 200 bucks.
0:06.0	Oh no, I bought some shoes kind of debt.
0:07.6	We're talking about serious debt.
0:09.4	I remember standing in our kitchen, seeing the...
0:13.1	It was a letter.
0:14.0	Uh-oh.
0:14.6	I didn't sell you very good letter.
0:15.9	I mean, not a good letter at all.
0:17.5	That's Tony Gardner.
0:18.6	What he's talking about is the letter he got about his student loans,
0:21.9	Tonys and his wife Meredith.
0:23.3	They had racked up about $40,000 in debt.
0:26.1	They had recently got out of college.
0:27.8	They had a couple of kids.
0:28.9	They were going to have more.
0:30.7	And they felt really kind of hopeless about the whole situation.
0:33.4	And just feeling like, how are we going to do this?
0:36.6	How are we going to pay for our student loan debt
0:39.8	on the money that we were making at the time?
0:42.3	And still get by.
0:43.8	And that's the thing about really big debt, right?
	...

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