Conquering Student Loans Crazy-Quick On a Non-Profit Salary

Joyce Chou - Conquering student loans crazy-quick on a non-profit salaryGot 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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6 Get Out of Debt Stories that Will Amaze & Inspire You

A sunflower with 6 amazing get out of debt stories written above itThere’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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5 Reasons We Used an IRA Withdrawal to Pay Off the Mortgage

Debt free story! 5 reasons we used IRA withdrawal money to pay off the mortgage.
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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How One 29-Year-Old Paid Off $43K in the San Francisco Bay Area

She didn't want to bring debt to her marriage, so she paid off $43,000 while living in the Bay Area. Here's her awesome story!There was just one little snag when Kaysha and her boyfriend started talking about getting married two years ago: she was $43,000 in debt.

While her boyfriend didn’t mind, she felt badly about the idea of bringing debt into the marriage, especially since he had none.

“It just made me feel kind of less than worthy, even though he never batted an eye,” she explained.

Bringing debt to the marriage?

When thinking about combining finances, she felt that it “didn’t seem fair for him to have to lose out on the ability to save that money or spend it how we wanted because of decisions I had made in the past. It felt like bringing baggage.”

Adding to the pressure was the fact that they live in the San Francisco Bay Area, where home ownership is insanely priced.

She realized how hard it was going to be to save with $800+ monthly payments hanging over her head.

But rather than stress out about it or shrug and move on, she decided to do something about her situation.
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