Category: Debt Free Stories

Many people don’t even think of doing an early mortgage payoff. Or if they do consider it, they decide not to pay off the mortgage early based on a couple of commonly held beliefs:

• that it’s good to keep a mortgage “for the tax deduction”
• or that it’s better to “invest instead”.

The thing is, neither of those beliefs are necessarily true.

You can both invest and pay off your mortgage. And you may not be getting any tax benefits at all from having a mortgage.

(Many people don’t, so check with your tax person to see if you even take the mortgage deduction.)

We sure weren’t taking a mortgage tax deduction, and we knew we didn’t have to make a choice between paying off our mortgage early or investing. We could do both!
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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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