FCP039 – How to Pay Off Massive Amounts of Debt and Live Your Dreams

Welcome back to the Financial Conversation Podcast!

In this episode, we are going to be talking about a topic we are all passionate about. Debt. And how to most efficiently pay it off.

Our guest in this episode, Melanie Lockert from the award winning blog Dear Debt, is an expert at paying off debt. She successfully paid off $81,000 of student loans while living on a low income.

We’re talking graduating from NYU with little to no job prospects, moving to Portland for better non-profit opportunities that didn’t surface, living on food stamps, and taking control of her career and finances by side hustling and eventually becoming self-employed (while making a heck of a lot more!).

Melanie shares some of her biggest struggles, tips for paying off debt, and more in this inspiring episode.

It may seem impossible to pay off debt and live your dreams, but our guest Melanie Lockert did exactly that. Listen to her inspiring story in this episode.

In this episode we discuss:

  • 1:20 – Melanie’s story
  • 9:50 – Why “Dear Debt” letters?
  • 18:30 – What being debt free feels like
  • 27:40 – Entrepreneurship and things you might miss from a “traditional” job
  • 35:40 –  The emotional toll of debt and reaching out for help

Related links to check out:

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Financial Conversation

Welcome to Financial Conversation! This website and podcast is dedicated to helping spread the word that money doesn't have to be a taboo topic.

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