How John Paid off $45,000 of Student Loans and Credit Cards to Become Debt Free
The His and Her Money Show
Talaat and Tai McNeely
4.9 • 1.2K Ratings
🗓️ 15 June 2016
⏱️ 24 minutes
🧾️ Download transcript
Summary
In this episode of The His & Her Money Show, we feature an incredible story of debt freedom. John Schmoll accomplished the ultimate feat and paid off $45,000 of student loans and credit card debt to become debt-free. He paid the price and made the sacrifices necessary to achieve his goal of debt freedom.
To become debt-free, you need laser focus and a great deal of determination. John shares the details of the strategies that he put into place to become debt-free once and for all. Surely you will be inspired and motivated to become debt-free yourself, after hearing his story.
John Schmoll, John is the founder of FrugalRules.com, a personal finance blog dedicated to raising financial literacy and promoting freedom through frugality. In addition to being a Dad, MBA grad, and professional blogger, John has more than 10 years of experience working in the financial services, insurance, and banking industries.
Transcript
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| 0:00.0 | This is the His and Her Money Show, where we talk about managing money, marriage, and everything in between. |
| 0:08.0 | Now here are your hosts. America's number one money couple, Talent and Time McNeely. |
| 0:15.0 | Welcome back to another edition of the His and Her Money Show brought to you by our good friends at Clearpoint. Clearpoint Credit Solutions is your ally in the fight to become debt free. |
| 0:29.6 | That's right, they have free F-R-E-E-C-C-Counseling available to help you analyze your current situation |
| 0:37.8 | and to figure out a game plan to get out of debt once and for all. |
| 0:42.8 | To find out more details, all you have to do is go to his and her money.com slash Clearpoint. |
| 0:49.4 | Guys, we're so glad that you are back with us for another fantastic show and we've got another |
| 0:55.0 | amazing debt-free story for you. We're gonna be talking with John Schmo from |
| 1:00.7 | frugru rules.com and he's going to share his adventures in |
| 1:05.4 | becoming dead free and it's quite the story quite the journey and we know that you |
| 1:10.3 | guys are going to be inspired by what you hear from John and all that he had to go through |
| 1:16.1 | in order to become debt-free. But guess what? He did it. So let's find out exactly how he went |
| 1:21.5 | about getting to that place of debt freedom right now. |
| 1:24.3 | Hey John, welcome to the His and Her Money Show. |
| 1:28.8 | Thanks a lot, thanks for having me. |
| 1:30.3 | I'm glad that you are here and you are here to share an incredible story of debt freedom that we know our audience is going to totally love and totally be inspired by to know that becoming debt free is a reality and it can be theirs too. But before we get into the details of your story, can you just take a moment to introduce yourself to our audience and let them know what you're all about? |
| 1:51.0 | Sure, definitely. My name is John Small. |
| 1:53.0 | I live in Omaha, Nebraska with my wife and three young kids. |
| 1:57.1 | We run our own business. |
| 1:58.4 | I've been out of the traditional workforce for four years next month, and the business started as my wife |
| 2:04.8 | started a side hustle after we had our second child and it just went from there and I |
| 2:10.8 | left my job and yeah it's loving here in Omaha and yeah. |
... |
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