I’m Joan Concilio, community manager and writer for Man Vs. And I had a crazy thought: If they could do it, so could we.
Debt, and I’m in the trenches of a war against almost ,000 in consumer debt. Debt in early 2010 and followed along with my husband, Chris, as Baker and Courtney paid off all their non-student-loan debt, took down their college loan balances, grew their assets and built Man Vs. In early 2011, we got serious about getting out of credit-card debt for good, in large part so we could gain the freedom to homeschool our daughter, Sarah, who’s now 14.
It is absolutely worth making the calls to see what your options are, but be sure to consult a financial adviser before agreeing to anything. If you have trouble staying disciplined, choose the Snowball method. This is the most exciting step, but it also requires the most amount of work.
Debt-relief options include loan-forgiveness programs, consolidating all of your loans into something more manageable, debt settlement, or credit counseling (reducing the interest rates).I had at least eight different student loans that — if I paid the minimums each month — combined to be over ,000.Being a broke college kid and not coming from money, this was not only frustrating, but produced a sickening feeling that I still remember clearly to this day. In under three years, I was debt-free and on my way to achieving financial freedom in my mid-20s. This sounds like a simple first step, because we all say that we really want to be debt-free, but our actions don’t follow our words. You fully commit and develop a belief that ensures that it is not a matter of if you will achieve your goals; it is only a matter of when.When you add in the used Honda I bought for ,000, I started off in the real world worse than broke: I was ,000 in debt. I was sick of being broke — and, more important, feeling broke.I was sick of worrying about money every single day.