Motivation for Debt Repayment
Today, I have my friend Melanie Lockert of Dear Debt back on the show for a motivational/inspirational shot episode. If you haven’t heard Melanie’s full story, you can hear it on the episode Debt Repayment and Side Hustling that aired in October 2014. In this episode, I brought Melanie back on to talk more about her recent accomplishment of paying off $81,000 + interest in student loan debt while barely making minimum wage.
I work with clients every day who have big goals that frequently seem too difficult to achieve, and I’m sure that’s how Melanie felt when she was living on food stamps; however her persistence and drive is something that should motivate and inspire all of us.
SHOT OF THE DAY
Cinnamon Toast Crunch (Fireball whiskey and Rum Chata, which is a rum-based cream liqueur)
- Melanie borrowed $81,000 in student loans to get her Bachelor’s and Master’s degrees, and she graduated with her Master’s from NYU in 2011.
- After graduation, she struggled to find a job and had to hustle to make an income.
- In the past year and a half, Melanie was able to double her income, quit her non-profit job, and pay $30,000 in one year on her student loan debt.
- There are so many motivational lessons from Melanie’s story that relates to any goal, not just paying off student loan debt.
- You have to be passionate and intentional about your goal in order to achieve it.
- Share your goal with others so they know how to help you.
- Do progress checks so you know where you are in accomplishing your goal.
- Prove yourself and then ask for what you want—it’s all about confidence.
- When you really want to pursue a larger-than-life goal, you have to do things that other people aren’t willing to do—don’t be afraid of the hard work!
- The journey of accomplishing a goal is not always easy or appealing, but the dark times will end and you’ll be that much closer to achieving what you set out to do.
- Another motivational and inspirational aspect of Melanie’s story is that she pursued her goal in a way that worked for her.
- Last year she took a trip to Spain instead of putting that money towards her debt.
- She had debt fatigue, so she travel-hacked her way to Spain to have a once-in-a-lifetime experience and have some time to herself to figure out where she wanted to go next.
- There is no right way to achieve your goal; you have to do what is best for you.
- Now that Melanie is debt-free, she is donating a portion of her blog income to her readers to help them pay off debts—she wants to be a debt fairy godmother!
- She wants to provide the opportunity for people to have a dose of motivation and inspiration.
- Melanie & Shannon are giving a $100 gift card to a listener of this show who is pursuing a big goal.
- Comment below on my site or Melanie’s – Dear Debt
- Email me at Shannon@finblonde.com or Melanie at email@example.com or tweet to us @blonde_finance and @deardebtblog and let us know what you are working on and how we can help you achieve that.
- Or, if you are a member of the private Martinis and Your Money facebook group, you can let us know in there.
- One lucky goal-setter will be chosen by the end of February!
What are your big goals in 2016?