• Debt Freedom came for Jessica Garbarino – who paid off $56k in student loans, cars, and credit cards
• Taxes with Andy: Now that Tax Day has passed we can move on to what happens if you don’t pay your taxes
• Habits of the Rich: Defeat Your Inner Zombie
DEBT FREEDOM STORY BY JESSICA GARBARINO
While visiting relatives, Jessica watched as her grandma bent over a desk to balance the household checkbook.
They had always accounted for every penny, but Jessica didn’t know where her money was.
She went home, did the math and discovered $56k in debt from student loans, and credit cards, and car debt.
That’s when Jessica heard about a financial literacy class from a friend and went full-bore. However, while taking care of her aging grandparents in Florida, she lost her contracting job.
Finding herself in a soft real estate market with no money, Jessica got behind on her house in Minnesota and had to let it go. Her $100,000 condo sold for $35,000 in foreclosure.
She was beaten down and emotionally vacant at that point.
Jessica had no energy to continue paying down her debt, although she did avoid taking on new debt.
A friend in an online community posted a challenge: “What do you want to accomplish in the next 5 years?” Her answer: “Be debt free”.
So she got after it. In March 2015 she paid off her final debt, her student loans! Now Jessica is out there to give single women the motivation, support and accountability they need – just as she needed it years ago.
ALSO IN THIS EPISODE
TAXES WITH ANDY: What happens if you can't pay your income taxes?
HABITS OF THE RICH: Tom Corley tells us how to DEFEAT OUR INNER ZOMBIES