This is a guest post by Financial Wolves, a blog about making money with side hustles to help you achieve financial freedom. It’s the story of how they paid off student loans while also investing in real estate.
Paying off student loans is a long journey that can feel like a roller coaster ride. Some days you feel like you are making massive progress. Other days feel like you have too far to go, so what’s the point?
But the point is obvious: Flexibility and freedom. Student loans cripple your ability on a monthly basis to do the things you actually want to do.
I’m starting to believe the government loves student loans because it forces people to work. You become enslaved to working because you need to, not because you want to. Student loans limit people from doing what they love to do work wise.
For example, what happens if you get burned out working in your job? Well, if you have student loans you have few options to simply take time off or switch careers.
For me, that was the ah-ha moment that sparked a massive urgency to payoff my $60,000 of student loans as fast as possible.