Category: Debt Free Stories

If you’re married with student loan debt, you’ll want to read Fo Alexander’s debt free story below. She paid off over $78,000 in student loans at a great clip.

First $31,000 prior to getting married, and then she really kicked it into high gear after joining forces with her husband. They paid off the remaining $47,000 in just 6 months!

Along the way, Fo learned some valuable tips about how to overcome student loan debt as a couple. Here’s her story, along with 6 tips to make paying off your student loans go so much more smoothly.
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Got student loans on a non-profit salary or other low income? You’re not alone. But in Joyce Chou’s case, her loans entered repayment with an unexpected twist.

It was summer of 2015, and Joyce had just returned to the US after spending nearly a year teaching English in Taiwan. She’d been there on a Fulbright grant following her college graduation.

It was time to start her new job working as a grant-writer at an education non-profit in Houston. She was looking forward to starting work back in the US and getting settled in an apartment.

There was just one problem.

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There’s no doubt about it, getting out of debt is WELL worth it. It’s the best!

But sometimes we all need a little inspiration and encouragement along the way.

So if you’d love to get a dose of debt-free inspiration, these 6 get out of debt stories will do the trick.

As a side note, the get out of debt stories featured here are from people whose incomes run the gamut from way below the average American income to quite a bit above it.

There are all kinds of inspiring experiences!

Read on to see how these folks paid off a combined $2.3 million in debt.
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If you’re at that point where you want to do anything to get out of debt, you might consider selling your investments. More specifically, using your retirement to pay down debt. We made the decision to use a $25,000 IRA withdrawal to pay off the mortgage. Do you think we’re crazy?

(Josh is a freelance writer during the day, and chases his two small children in his free time. He’s here to tell his debt free story — including why he used an IRA withdrawal to pay off his mortgage.)

There are many different mortgage payoff strategies you can use that eliminate your monthly payment without tapping into your IRA or 401k. However, there are several reasons why you might decide to follow a similar path to ours.
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