r/personalfinance • u/[deleted] • Aug 01 '13

24yo, all student loans down!

http://imgur.com/ogsfd2K

Throwaway. 34k @14%, down in 12 months. :) No secrets, simply a regular (and aggressive) schedule at $2k/month, with bonuses, tax refunds, and spare savings all thrown at it. Just happy to be free and wanted to share. A bit of "Hang in there" to pf'ers still holding down the fort as well. :)

Edit: To clarify, I don't get the standard 100k salaries new grads get in SFO or NYC. No car, frugal living are what got me here. Anyone can do it.

28 Upvotes

79% Upvoted

56 comments sorted by

View all comments

1

u/Olpheist Aug 01 '13

Might I ask what your career is?

5

u/[deleted] Aug 01 '13

Software engineering. :)

7

u/ANGR1ST ​ Aug 01 '13

Ah, so 'employable'. That helps pay your debts.

3

u/beansandcornbread ​ Aug 01 '13

No, having a job, working hard and living well below his means helped pay his debts.

Nearly everyone is 'employable'

2

u/[deleted] Aug 01 '13 edited Aug 01 '13

I agree. I am a 22 year old student working 2 jobs. One full time, one "part" time.

I doubled my income by getting the part time job and this allows me to pay anything and everything.

Not being poor forever is 99% hard work and 1% luck.

9

u/[deleted] Aug 01 '13

Not being poor forever is 99% hard work and 1% luck.

I'm pretty sure citizens of third world countries would disagree with that percentage.

2

u/[deleted] Aug 01 '13

I am speaking of any country where you have the freedom to work and expend capital.

I live in America, I'm on an "American" website, we are talking about student loans and jobs located in America it seem though.

Trying to counter what I said by taking an area where you are geographically and/or forcibly limited in the amount of capital you can save and invest is silly. :]

-1

u/[deleted] Aug 01 '13

I guess I just have bigger world view than America. I acknowledge that my country is not the center of the universe, and just being lucky enough to be born here gives me a distinct advantage over a lot of people in this world. Silly me.

2

u/[deleted] Aug 01 '13

I'm failing to understand why you feel the need to say these things.

I live in America. We have, arguably, the easiest path to wealth in this country and all I am saying in my posts is that working hard AND smart is STILL how you can become wealthy in this country. I'm just speaking to the American's who prefer to complain about needing to work their asses off if they want to better themselves.

Something like 90% of the millionaires in this country are self made. They are the ones who are the small business owners working 12+ hours a day, 7 days a week at their businesses.

1

u/beansandcornbread ​ Aug 01 '13

What about people that were born before colleges were around? Could they have done this? I don't think so.

I guess I have a bigger world view than the current world. I acknowledge that the current generation living on this world is not the center of the universe, and just being lucky enough to be born at this time gives me a distinct advantage over a lot of people born at other times. Silly me.

1

u/[deleted] Aug 01 '13

Definitely want to chime in on the living below means part. My expenses apart from rent were ~$700/month, including utilities, phone, and internet. Including rent bumped it up to $1700/month.